HIPAA Compliant SaaS For Streamlining Daily Operations of Home Health Care Agencies

Business Highlight:

OFF THE MARKET

Home health care scheduling SaaS (Software as a Service) powered by the cloud, helping care agencies take control of their HR management processes quickly and conveniently, whilst on the move. From scheduling staff, to recording and updating staff profiles, to organizing all their mission critical documentation, this innovative platform makes it easy for business owners to streamline their daily operations.

Nearly $1 million and 3 ½ years of time have been invested into this HIPAA-compliant product and branding, with over 6,000 unpaid hours invested into product research and software development.

This “Buy vs Build” opportunity is a perfect strategic acquisition for:
  • Software providers in the home care industry looking for a “bolt-on” business offering for their clients to increase revenue and profits.
  • ​Existing home care agencies looking to streamline their internal systems.
  • Anyone in an adjacent health care technology niche looking to break into the home health space as trends are showing a large portion of healthcare moving into the home.

Software features:
  • This purpose-built software allows home care agency supervisors to create and manage client-specific calendars, schedule home visits, and send push notifications to caregivers.
  • Record-keeping becomes seamless with the ability to collect and document client information including care plans, activities of daily living (ADL), reports, and other key information.
  • Maintaining timesheets for clients and caregivers runs on automatic with integrated payroll module. Plus, HR managers can quickly search and generate reports for billing purposes.
  • GPS-enabled application allows caregivers to clock-in/out, respond to vacant visit requests, record tasks, and verify home visits through electronic visit verification (EVV) methods.

Tech stack this product is built on: 
Backend & Infrastructure - Servers and APIs are written in Golang - PostgreSQL for our primary database - Backend server runs on Google Cloud Platform (App Engine)
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Frontend & Clients - Webapp is written in Typescript, built using the Angular framework - Mobile apps are written in Dart, built using the Flutter framework - Both are styled following the Material Design spec

3rd Party Dependencies - Github for source code version control - TrueVault for encrypted storage of PII/HIPAA data - SendGrid for sending emails to users - Firebase for sending push notifications to users - Twilio for calling or sending SMS to users - Sentry for error detection, monitoring, and alerting.
Growth opportunity: 
​1. Marketing efforts have only recently been put into this product- an experienced team can shift this product into being a market leader.
2. The Home Care Providers industry is among the fastest growing healthcare industries in the United States and the software market is filled with expensive legacy software.
3. The U.S. home care market is expected to grow from $100B in 2016 to $225B by 2024.

Key assets:
  • Website
  • Domain
  • Social media accounts
  • Mobile Application
  • Brand
  • Marketing materials
  • Customers

Reason for selling:
1. A better funded and larger team with more experience is needed to truly make an impact in the market with this product.
2. Seller is Interested in another venture.

​Aprx $950,000 and 3.5 years Invested into product and branding. Over 6,000 unpaid hours invested into product from founder.
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