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Neural Wave

USA, Georgia
Market: Artificial Intelligence
Stage of the project: Operating business

Date of last change: 27.10.2024
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Idea

An AI platform that acts like a Junior Resident or Physician Assistant, handling all non-billable tasks or Home Work Time; to free up doctors to see additonal patients

Current Status

We currently have $48K ARR from our first customer Lawrenceville Family Practice since its launch in Sept 2024. Key opportunities in the pipeline include:

Chase Clinical Documentation: $120K ARR
West Michigan Cardiology: $120K ARR
Georgia Clinic: $120K ARR
Comprehensive Primary Care, Lawrenceville: $50K ARR
Alpha Family Medicine: $50K ARR
Pleasant Hill Family Medicine: $50K ARR

We expect to generate $400K ARR by end of this year.

Problem or Opportunity

Neural wave solves the problem of doctors spending 60-80 hours a month on non-billable tasks, limiting their capacity to see 2-4 extra patients daily. This leads to revenue loss of $15K - 20K per provider per month, contributes to burnout, and can lead to claim denials due to incomplete documentation.

Solution (product or service)

An AI platform that functions as a Junior Resident Doctor or Physician Assistant to manage non-billable tasks. It enables doctors to see 2–4 extra patients per day, increases revenue by $15 - 20K per month, reduces burnout, and cuts claim denials significantly - improving efficiency, revenue, and provider well-being

Business model

Neural Wave’s B2B SaaS model targets high-volume medical clinics, specifically those with 5,000+ patients per month. The revenue is based on a monthly subscription with annual commitment, priced at $2 per patient encounter

Incubation/Acceleration programs accomplishment

Fulcrum Venture, Gust's Data-Driven Accelerator
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