![]() “Our mission statement is literally accelerating healthcare innovation by solving this data interoperability problem. 1941ord Panel Van, Burrys Cookies, ca 1940shevrolet Panel Van, Bakery Truck, Juction City Bakery. “That's the overall problem that we're looking to solve, which is this lack of innovation in the space,” says Uddin. 1935hevrolet Panel Van, Modern Cleaners, Teutopolis, ILL, ca. The healthcare industry has been trying to solve this data sharing problem, known as interoperability, for two decades, but it’s still littered with roadblocks, even as new anti-data blocking regulations go into effect. “It's really just a way to get around the gatekeepers and provide a better solution,” explains Uddin. While many existing companies depend on health data sharing standards known as Hl7 or FHIR, NexHealth is operating entirely outside of the existing structure and has created its own proprietary system. Uddin says NexHealth’s main goal is to have built connections with 50% of these electronic health record companies by 2022. ![]() This makes it an absolute nightmare for digital health companies to try and connect with small to mid-sized offices. Uddin estimates there are around 1,000 different tiny health record vendors, none with more than 3% market share. But the around 700,000 small and medium-sized doctor and dentist practices are essentially the Wild West. The hospital space is dominated by three main electronic health record vendors-Epic Systems, Cerner and Meditech. Uddin hopes to grow from around 30 software engineers today to 100 in the next year. ![]() The challenge ahead is using the capital infusion to build out the engineering team in order to scale the business. “The sales side of this is the easier part because the product works,” says Katzenberg. NexHealth already has around 75,000 customers-a mix of dentists, doctors and software developers-and is synchronizing around 30 million patient records every 5 seconds. ![]()
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