Former Emeritus Julian R Youmans endowed Professor and Chair, Dept. of Neurosurgery
University of California Davis
Correlate® Health is a digital health company that focuses on the development, acquisitions and investments of healthcare meaningful use applications, web services, and data transformation tools that enable new care models. This includes virtual care, remote care delivery, and care pathways that engage patients and consumers to manage their personal health and wellness using digital tools and technologies.
Some of the biggest pain points in healthcare include interoperability, accessibility and security. Digital Health tools are crucial to accessing patient data for proactive care delivery and better outcomes.
Nearly one-third of hospitals and health systems report that their interoperability efforts are insufficient according to a survey from the Center for Connected Medicine (CCM). Electronic Health Records (EHRs) and other Health IT (HIT) systems must be able to communicate with each other to support accurate, efficient, and meaningful exchange of clinical data.
An all-inclusive platform that allows physicians to help care teams and engage patients more effectively is needed to facilitate the following:
Correlate® is a Digital Health Marketplace. A secure platform where both patients and health care teams can benefit. Correlate provides a complete digital health management marketplace with a wide array of tools and services to serve healthcare organizations, patients, and care teams all within one platform.
Covid-19 has increased the awareness and acceleration of digital health technologies, telemedicine, and other virtual care models such as remote patient monitoring (RPM). RPM models involve collecting real-time patient data while patients are not located in the healthcare facility to adjust care plans for patients based on real-time feedback and to empower patients with the ability to track and participate in their own health progress.
Correlate® Health platform is enhanced with blockchain security, interoperability, and improves critical data sharing between key stakeholders. It also:
We also partner with vendor Digital Health providers with a subscription service which allows patients and providers to utilize a wide variety of apps and solutions on Correlate’s platform according to the patient’s care management.
LooPT is Correlate Health’s first proprietary SaaS, a Medical Device Management DApp. A MicroService of many digital health tools offered in the Correlate Marketplace. Providers will now be able to assign LooPT to Patients with Medical Devices as a part of their individual care management plan.
A caregiver did not know the type shunt or settings for a child with hydrocephalus (water on the brain).The physician had to resort to x-rays and a CT scan, which are very harmful to children. One CT scan in 10,000 children can cause an incurable, deadly cancer.
A woman who suffered a spinal cord injury needed an MRI. She had a brain aneurysm clipped a few years earlier, and even though her physician recognized the clip as MRI compatible, the radiologist, as per the guidelines of the radiological association, did not want to take the risk of the clip moving or heating up. Urgent treatment was delayed three days because the hospital required records from another healthcare facility to prove the type of clip used.
A patient who had been in an accident a few years earlier and had part of his skull replaced with a (titanium) mash. Again, no records were available, and it required the physician sending his X-ray to the manufacturer of the implant who then confirmed the type of implant.
The Company operates based on a Fee-for-Service, Transaction, Freemium, Subscription, Licensing, integration Platform as a Service (iPaaS), Blockchain as a Service (BaaS) and Software as a Service (SaaS) revenue model.
One of Correlate’s competitive advantages is a proprietary micro service that aligns with automations and health data asset creation.
The 21st Century Cures Act requires patients to have access to their electronic medical records health data free of charge. On Correlate’s platform:
Correlate® Health is well-positioned in four distinct global markets, including:
The Global Digital Health Market value is expected to surpass USD 504.4 billion by 2025, according to a new research report by Global Market Insights, Inc. Demand for remote monitoring services due to rising incidences in chronic diseases worldwide is a major factor propelling the global market.
Government initiatives and funding in other countries is favorable for the adoption of digitalized systems and is set to fuel the digital health industry. Health Information Technology for Economic and Clinical Health (HITECH) Act, implemented in the U.S, promotes the meaningful use of health information technology providing $20 billion to hospitals and doctors to support their installation of EHRs. The market is expected to expand business in the coming years.
EHR business is estimated to reach USD 139.4 billion by 2025. The ability of these systems to exchange health information electronically to provide improved patient care are major factors contributing towards business growth. These systems enable providers to more effectively diagnose patients, reduce medical errors, and provide safer care to patients with better communication will further escalate segmental growth over the coming years.
The Global Blockchain Technology in Healthcare Market is set to surpass USD 1,636.7 million by 2025, according to a new research study published by Global Market Insights, Inc. The adoption of blockchain technology could save the healthcare industry as much as $100-$150 billion per year by 2025 in data breach-related costs, IT costs, operations costs, support function costs, personnel costs and costs associated with fraudulent and counterfeit products.
Blockchain is a recognized technology that is helping healthcare facilities save huge amounts of money from frauds, counterfeit drugs and hence, positively impact the outcomes of healthcare. Healthcare data breaches cost around USD 380 per patient record, resulting in high annual losses. Hence, implementation of blockchain technology in healthcare will help save billions of dollars.
Healthcare Cloud Computing Market size is set to exceed 55 billion by 2025, according to a new research report by Global Market Insights . Rising adoption of information technology (IT) in the healthcare sector is the key factor driving healthcare cloud computing market growth during the forecast period. Usage of cloud computing techniques provides IT facilities to retrieve assets from the internet by using web-based tools and applications.
Big Data Analytics Market was valued at approximately USD 19.72 billion in 2017 according to Zion Market Research and is expected to generate revenue of around USD 68.03 billion by 2024, growing at a compound annual growth rate (CAGR) of around 19.34% between 2018 and 2024. As Digital interactions between patients and health systems lead to a high amount of available data.
Nailah Malak, Ph.D, Co-Founder, Chief Executive Officer and Chief Technology Officer, is a Certified Interoperability Professional, recognized as a leading Healthcare Engineer and Project Manager in the industry. Nailah has successfully fulfilled consulting engagements for notable healthcare organizations such as Stanford Hospital and Clinic, UC Davis, Mayo Clinic, Catholic Health Initiatives, Siemens and Medtronic. Approximately 16 years of her experience has been working with Electronic Medical Records Conversions and Implementations with a total of 12 Go-Lives. Nailah has authored guides and trained technical end users for company wide software programs and the implementation of HIPAA compliance regulations, Meaningful Use regulations, and HIS security deployment. She holds a Doctorate Degree in Interoperability Engineering with 20 years’ experience as a Digital Health Analyst, Engineer, Developer and Project Manager.
Charon C. Collier, Co-Founder, President, Chief Operational Officer, is a Health Information Management (HIM) Professional. She has worked for some of the most notable healthcare systems in the country, including Sutter Health of Northern California where she had the opportunity to travel and work for several locations throughout the state of California. During her time with Sutter Health she worked in several roles, most prominently as a supervisor providing support to the Health Information Management (HIM) teams during their transition to Electronic Health Record (EHR). She also has worked for the University of California, Davis (UCD) Healthcare System in the Kidney Transplant Clinic, where she was a valuable team member and contributed to the growth and success of the Reno Transplant Program at UCD. Charon has over 20 years’ experience in healthcare, administration, health information management and revenue cycle management.
Anthony T. Farrar, CFO, CLU, ChFC, Chief Financial Officer is the Founder and CEO of Farrar Financial Group an insurance and financial services company. He brings a wealth of knowledge and experience along with empowering comprehensive business strategies. Tony held the role as senior auditor for Price Waterhouse in which he performed services for major clients such as Anheuser Bush, Ralston Purina and Farm Credit Banks. He has been instrumental in growing sales in excess of $3 million and successful in growing his company to well over 5,000 clients all within a highly competitive market. Tony has over 23 years’ experience in financial planning, investment strategies, strategic planning and client relations. Tony graduated from Hampton University with a Bachelor of Science degree in Accounting.
Carla S. Johnson, MBA, PMP®, Chief Strategy Officer is a Humanitarian Supply Chain Management Professional with a proven track record of fighting global poverty by improving the efficiency and effectiveness of the supply chain. Carla is a proven leader and team builder with 20 years of experience in Supply Chain Management, Logistics, Warehousing & Distribution, Inventory Management, Material Requirements Planning, Import/Export Compliance, Lean Enterprise Implementation, Project Management, Process Reengineering, Continuous Improvement, Six Sigma, Proposal Development, Project Management, Gifts in Kind (GIK) Management, and Donor Compliance. Carla is a graduate of the Georgia Institute of Technology with a Bachelor of Science degree in Industrial & Systems Engineering, and she received a Master of Business Administration degree from Emory University’s Goizueta Business School. She currently lives in Atlanta, GA.
Jennifer Ponder, Digital Health Technical Lead is a certified Full Stack Web Developer where she has worked on freelance projects specializing in front-end development in React. She has worked for a practice management SaaS company in technical product support as a research analyst, where she was responsible for troubleshooting technical issues and researching product feature requests to help clients scale their businesses. She is also currently becoming more involved in the tech space as an advocate for women, speaking at conferences and continuing to be a moderator for panels. Most recently she was the moderator for the Women of Blockchain Atlanta celebration event panel. She is also an experienced client relations and client account management professional with digital marketing management and social media brand strategy experience. She holds a Bachelor’s Degree in Mass Communications with a concentration in Public Relations, an Associate of Science degree in Health Information Management and is certified in medical billing and insurance coding.
If the offering's maximum amount of $250,000 is raised:
|Use||Value||% of Proceeds|
|Tech -Product Development||$100,000||40.0%|
|Marketing & Sales||$30,250||12.1%|
This is an offering of Class A Common Stock, under registration exemption 4(a)(6), in Correlate Health, Inc.. This offering must raise at least $10,000 by October 1, 2021 at 12:59am ET. If this offering doesn’t reach its target, then your money will be refunded. Correlate Health may issue additional securities to raise up to $250,000, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
These financial statements have been reviewed by an independent Certified Public Accountant.
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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