IPO - Profile

Summary

Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$4.00 10,000,000 Positive High 15.17%

Offering Team

  • Legal counsel
  • Morrison & Foerster LLP
  • Auditors
  • Frank, Rimmerman + Co. LLP

Deal Highlights

Our mission is to re-humanize healthcare by enabling doctors to practice medicine centered on patients. Our solution helps relieve the burden of medical note documentation so that doctors can focus on what they do best — patient care. The medical note documentation burden in the United States is significant and is a major contributor to physician burnout. According to a 2019 study in the Annals of Internal Medicine, physician burnout costs the U.S. healthcare industry $4.6 billion per year due to lost productivity and higher turnover, with the cost of replacing a single physician estimated to be between $100,000 and $1 million. It also is adversely impacting industry productivity because the considerable amount of time spent on documentation that could be better utilized by seeing more patients. Healthcare practitioners in the United States often look to outsourced solutions to handle their documentation. There are various solutions that are marketed to clinicians (which include licensed physicians, nurse practitioners and physicians’ assistants, but not registered nurses). These range in scope from self-serve dictation tools to fully out-sourced medical note documentation solutions. We are a provider of a fully out-sourced medical note documentation solution that also provides supplemental clinical support to the U.S. healthcare industry.

Deal Tracker

IPO Dates

Filing 26 Oct, 2021

Offer 26 Oct, 2021

Look Ahead

Lock Up Expiry Apr 26, 2022

IPO Terms

Offer Price $4.00
Offer Size 10M

Market Sentiments

Stock Price