_Source- Forbes-
For the U.S. health care system’s most chronically ill patients, going back and forth between the home and hospital is, unfortunately, a well-worn routine.
Care management teams that insurance companies and hospitals provide struggle to give the necessary care for these patients in constant need. Joe Khan, 23, and Yasyf Mohamedali, 23, are using their personal experiences and computer science backgrounds to create scalable, personalized healthcare management by starting Karuna Health. Karuna Health provides software that automates ordinary care coordination tasks for hospitals. The San Francisco-based team has gone on to raise $1.25 million from First Round Capital, Founder Collective, SV Angel, and BoxGroup.
Frederick Daso: What is the problem you two are trying to solve here?
Joe Kahn: In the health care system, where a tiny number of patients account for the vast majority of health care spending and utilization, roughly one percent of patients account for 20 percent of all spending. The tiny number of people who are extremely vulnerable and not getting better are cycling in and out of the emergency department and don’t have the adequate support they need. What insurance companies and hospital systems have done over time has been to create great care management teams composed of nurses, social workers and health guides. The problem that we found is that while the work those care management Read more