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HerdmanHealth

USA, California
Market: Internet and IT, Medicine
Stage of the project: Operating business

Date of last change: 20.06.2022
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equalizer from 2000
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Idea

Software that streamlines professional mental health and substance abuse assessments via electronic forms and automation - saving counselors 30% of their time per patient.

Current Status

- 200+ organizations have signed up
- 1,500+ assessments have been completed
- Signed partnership with a large professional training organizations to teach their students on HerdmanHealth
- Completed a pilot program with Loyola Marymount University to use HerdmanHealth for their course work

Problem or Opportunity

Demand for behavioral health services has increased under COVID, but mental health professionals can’t accept more billable patients due to outdated interview techniques and paperwork.

Solution (product or service)

HerdmanHealth is an intuitive software that guides providers through a Behavioral Health Assessment and generates a comprehensive narrative

HerdmanHealth increases a provider’s profit margin by reducing interview time by 30% and documentation by 25% to 50%.

Competitors

- Addiction Severity Index (ASI) & (ASI Lite)
- Accucare – EHR & Billing System

Advantages or differentiators

ASI only covers the bare minimum of an assessment and does not generate a narrative. Most counselors end up needing a more comprehensive assessment anyways, but they do it via paper and pencil. HerdmanHealth covers the entire assessment.

EMR/EHR systems like Accucare have a form builder but not a true out-of-the-box assessment.

Business model

$10 to $20 per assessment.

Money will be spent on

Sales and marketing, mostly.

Team or Management

Invention/Patent

Based on Dr John Herdman's textbooks
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Idea
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Finance
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