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SaaS Interviews with CEOs, Startups, Founders

1519 Health Records Company Hits $23m ARR Serving 6000 Health Customers

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 21 September 2019

⏱️ 16 minutes

🧾️ Download transcript

Summary

Michael believes that technology can make healthcare more efficient, more personalized, and help provide healthcare to more people. Michael co-founded DrChrono with Daniel Kivatinos in January 2009 and built the first-ever native iPad EHR app. Before DrChrono, Michael worked at Bloomberg LP where he architected components of the Bloomberg Terminal used by customers worldwide. Michael has a B.E. in Computer Engineering & Computer Science from Stony Brook University has been named to Stony Brook University's 40 under 40 outstanding alumni award in 2014, 2015, and 2016.

Transcript

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0:00.0

launched this company back in 2009. They've now scaled about 6,000 customers they're working with,

0:07.2

you know, calling, you know, paying between 300 or 400 bucks per month, due to about 23 million

0:10.4

bucks today and run rate ended last year at about 15 million bucks in AR. So healthy growth,

0:15.1

they raised 16 million bucks to grow the company, 2.5 million additional in venture debt to help

0:19.8

scale there as well. Over 100% net

0:21.6

revenue retention team of about 103 people between California and Baltimore as they look to

0:27.1

scale Dr. Krona, Krono in the EHR space. Hello, everyone. My guest today is Michael Nusimov. He believes

0:35.8

that technology can make health care more efficient, more personalized, and help provide health care to many more people. He believes that technology can make healthcare more efficient,

0:41.5

more personalized, and help provide health care to many more people. He co-founded his company,

0:47.8

Dr. Krono, with Daniel, or, sorry, Danielle, Kivintios in January 2009 and built the first ever native iPad, E-H-R app. So we'll jump into it today. Michael, are you ready to take us to the top?

0:53.7

Yes.

0:54.7

Very good.

0:56.5

By the way, is it Daniel or Danielle?

0:59.5

So it's Daniel Kivotinos.

1:00.4

Oh, I butcher that.

1:02.2

All right, well, that's your co-founder's name.

1:03.2

All right, what's the company do?

1:04.0

What's Dr. Krono do?

1:15.9

So what Dr. Krono does, we kind of built the world's best electronic medical record focused on the iPad and iPhone.

1:22.8

And that was our first real breakaway product that we launched right around when the iPad first came out in April 2010.

1:31.0

And what an electronic medical record is, is everything that a doctor needs to do at the point of care with a patient.

1:36.8

When they're in the examinerant with a patient, they can do all of that work on an iPad or even on an iPhone,

...

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