Healora

Priceline for Healthcare

Company Information

Website:

https://healora.com/

Sector:

Healthcare Software

Location:

Santa Monica, California

Healora connects doctors to patients who are willing to pay at the time of service, thereby saving patients 30% to 70%.

When you currently go to the doctor, the charge is 3x or more than the government-mandated price. This excess is required so doctors can pay for the necessary admin, billing, and insurance related to collecting payment.

Healora saves patients 30-70% by connecting them to doctors directly. These doctors are willing to pass along the savings they capture by having patients pay at the time of service.

This direct connection allows patients to see a specialist for less money. Patients get to choose their service and choose their doctor without being limited to "in-network" choices.

Doctors get to perform their services without the administrative and billing burdens that require so much time and cost.

And employers save money because their employees get more healthcare for their dollars.

Healora has been issued 2 patents for its Healthcare Pricing Technology.

The business has been validated by doctors throughout Los Angeles with its first 100 registrations across all 25 of the AMA specialties.

Team Background

Julian Henley, MD - Co-Founder and CMO

Dr. Henley is a double board certified surgeon.

He was on the Yale Hospital clinical staff and previously founded a healthcare startup focused on pricing between patient and doctor.

Dr Henley has 25+ years of clinical surgical practice with acute awareness of current healthcare dysfunction issues. He has a well established track record of academic and industry innovation marked by 32 issued patents in biotechnology.

He has a prior background and training from Harvard in Physics and Applied Mathematics.

Thomas Farmer - Co-Founder and CEO

Tom is a veteran entrepreneur.

He was the founder and CEO of ECO MicroFilters, a manufacturer and distributor of "micro bypass engine lubrication" oil filters, and an owner of CalTrend, a Tier 1 supplier to General Motors, Chrysler, Mercedes, Nissan and Toyota.

He earned his BA in Economics from University of Tennessee-Knoxville, and his MBA from University of Southern California - Marshall School of Business.

Co-Investors

Raising
$750K
Committed
$270K (36%)
Current Valuation
$3.75 million
Min. Investment
$5000
Deal Type
Title II
(For accredited investors only)
Offering Type
Equity
Finance History
Notable Investors
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