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dgoncharov | 1 year ago
We get asked the fundraising question a lot, especially since we're open source. Once investors understood that we still have a hosted product we charge for, and that we have a large moat since someone could fork our code but it'd be very difficult to run the business (compliance, getting access to the different networks, understanding the niche space, etc) - open source wasn't a hinderance to raising.
One thing we learned though, is that even though every human interacts with the healthcare system in some capacity - very few people know how things actually work. So, we had to tailor our pitches to make investors understand why our product matters, since generally even people that have healthcare experience, have no idea what the hell an HIE is.
That, and our GTM allowed us to sell quickly, without needing to wait for slow moving hospital contracts, as are typical in healthcare - so some decent traction definitely helped.
ChrisMarshallNY|1 year ago
This, on its own, is probably not something that folks could just throw onto any server, and expect reputable heath providers to use (at least, I hope not). Auditing and validation ain't cheap.
I applaud the idea, and hope that it works out. Most health providers still require faxes, which is a huge pain in the butt.
I have also heard many complaints about Epic Systems.
dgoncharov|1 year ago
Another reason we're open source - better security.
> Most health providers still require faxes, which is a huge pain in the butt.
Yes indeed - mindblowing how such critical data still relies on faxes in 2024.
> I have also heard many complaints about Epic Systems.
Yeah, Epic is not perfect, but they are ubiquitous in healthcare - and Metriport provides a nice interface to pull/push data to their EHRs!