Elemeno Health

Real-time point of care training

Elemeno Health

Real-time point of care training

Oakland, CA
Biotechnology
Health Tech
Elemeno’s mobile-friendly cloud solution delivers “just-in-time” team training and communication—equipping frontline nurses and doctors to deliver the right care at the right time. On demand, 24/7, at the point-of-care, or anywhere.

$713,938

raised
$1,070,000
previously crowdfunded
97
Investors
$20M
Valuation
$0.86
Price per Share
$249.40
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3.93M
Offering Max
Reg CF
Offering

$713,938

raised
$1,070,000
previously crowdfunded
97
Investors
$20M
Valuation
$0.86
Price per Share
$249.40
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3.93M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Elemeno Health:

$300+
Investment
Public Health Contributor
In tribute Lillian Wald: Pioneer in Public Health, American Nurse, Humanitarian
$1,000+
Investment
Rural Health Ally
In tribute to Mary Breckinridge: Pioneer in Rural healthcare, Founded Frontier Nursing Service, Drastically Decreasing Maternal and Infant Mortality in early 1900’s
$2,200+
Investment
Hospice Care Advocate
In tribute to Florence Wald: Mother of Modern Hospice Movement, Advocate for Patients’ Dignity, Freedom from Pain, and Right to make Autonomous Decision
$5,000+
Investment
Military Nursing Champion
In tribute to Hazel W. Johnson-Brown: Trailblazer in Military Nursing, First Black Chief of the US Army Nurse Corps.
$10,000+
Investment
Red Cross Award
In tribute to Clara Barton: The Lady in Charge, Civil War Nurse, Founder of American Red Cross
$25,000+
Investment
Angel of Nursing
In tribute to Florence Nightingale: The Lady with the Lamp, Visionary Statistician, Founder of Modern Nursing

Reasons to Invest

Traction & Key Clients: $1 Million ARR. 20+ healthcare facilities. Steady growth through COVID-19. Clients include UCSF Health, El Camino Hospital, Children’s Hospital of New Orleans, RWJBarnabas Health, and Massachusetts General Hospital.
Proven ROI & Market Potential: Multiple published results cutting medical errors 50+%. Measured client ROI 10-30x. $2 Billion market.
Addresses the biggest problems in healthcare today: medical errors, waste, and burnout.

Overview


Real-Time Point-of-Care Training - Equipping Frontline Teams to Reduce Care Variation, Errors, and Burnout

Elemeno Health is designed by doctors and nurses. We believe in our frontline healthcare workers. We know they want to give the best care possible to every life they touch. Our mission is to equip our heroes with the information and support they need to deliver safe and high quality care to every patient, every time. We enable managers to superpower their teams with custom, point-of-care microlearning and communication, a virtual coach, accessible when, where, and how frontline staff need it most. 

The Problem


Medical Staff Are Overwhelmed, Overworked

Medical errors and burnout— pains we have all seen and heard in every hospital, clinic, and nursing home. And COVID-19 is just making it worse.

Healthcare is becoming increasingly complex. Best practices are rapidly growing and changing. Frontline staff—nurses, docs, and therapists—cannot keep up. They are overwhelmed, yet they are being asked to do more and more. 


Sadly, healthcare institutions continue to fall back on traditional team training and communication modalities like binders, fliers, email, and in-person staff meetings. These 20th century solutions do not work in 21st century medicine.  The result is staff burnout and care variation—meaning medical errors, waste, and job turnover. 

The Solution


Transform Complicated Practices Into Bite-Sized Learning

We offer real-time training and support for frontline teams—an expert in your pocket. At Elemeno, we are a software company with a human touch. We provide a dedicated Client Success Manager who ensures ROI and customer satisfaction.

Elemeno’s mobile-friendly cloud solution delivers “just-in-time” team training and communication, equipping frontline nurses and doctors with custom interactive guidelines, smart checklists and concise how-to videos, on-demand, 24/7. 


We make complicated practices actionable, so staff can actually deliver them. Our analytics drive insight into caregiver behavior and practice effectiveness. And our feedback loop gives frontline staff a voice so that management can proactively address frontline needs before they manifest as patient harm. The result is consistent high quality care... 

… meaning greater safety, labor savings, and improved outcomes


You’ve seen the importance of teamwork in healthcare. Healthcare workers want to help each other. Elemeno takes this to the next level. Our sharing network de-silos hospitals, democratizing access to best practices and accelerating knowledge spread across the industry. And we make it easy. No IT needed.

The Market


A Multi-Billion Dollar Market

The US market for clinical staff alone is $2 Billion.

And here’s how we strategically complement established market channels:

Our Traction


Growth & Proven Results

Here’s how we’ve been doing so far:

How It Works


Create & Deliver

Learn & Do

Healthcare is local! Elemeno is an enterprise solution empowering middle management and frontline teams to address  department-based issues. This is invisible piece of the iceberg ignored by technology to date.

It looks something like this:

GIF

The Business Model


How We Make Money

Our revenue system is B2B SaaS with a land and expand model—including an annual subscription and one-time onboarding fee. We start in one department, prove our value, and then work with the happy managers to sell to the rest of the institution.

The Network Effect: Healthcare is all about collaboration! Each department’s content is shared with all others in the same institution, so as each new department joins, everyone has greater benefit. This accelerates our expansions.


The Network Effect 2.0: We take collaboration to the next level. Every client is also able to share practices with managers at peer institutions, so with each new client, our client network has even more to share from. This de-silos hospitals and accelerates the spread and adoption of best practices. Don’t reinvent the wheel. Leverage the collective knowledge of the community. And let inter-client sharing accelerate new client acquisition.

How We Are Different


We Are Pioneers

Healthcare is a constant battle. And nurses, doctors, and ancillaries are our frontline troops. We believe in equipping them for success. Our customized microlearning solution supports our healthcare teams at the point of care, on-demand, 24/7. Our service unites:


  • Efficient and effective team communication—keeping staff up to date with constantly changing information while listening to frontline feedback.

  • In-context microlearning—ensuring sustained top of license best practice.

  • Transparent recognition—supporting teamwork and engagement.

Easy customization allows clients to support their own specific devices, equipment, supplies and protocols, giving frontline staff the exact support they need to succeed in their own unique environment. And, our feedback loop helps managers quantitatively and qualitatively measure frontline needs. We fill the gap left by our competitors.

The Vision


Our Global Vision

In seven years, we want to be an epic business—the go-to network for best practices worldwide.


We aim to democratize access for healthcare workers across the globe, empowering them to become superheroes. This will radically reduce medical errors and enable every clinician to deliver the best care possible to every life they touch.

OUR LEADERSHIP


Meet Elemeno’s Leaders

At Elemeno Health we have a team of strong leaders who have a passion for our mission. We are proud to be certified by the Western Regional Minority Supplier Development Council as a Minority Business (MBE).  We continue to celebrate all diverse backgrounds at Elemeno Health.


Founder and CEO Dr. Arup Roy-Burman and COO Scott Cohen have deep expertise in healthcare delivery,  medical technology, and growing a successful business.

Key Institutional Investors

Why Invest


We Are Here to Equip Our Frontline Heroes for Success

Healthcare is moving faster than ever, and our frontline staff cannot keep up. They are overwhelmed, resulting in practice variation and burnout—the root causes of medical errors, waste, and turnover.


Our solution has been developed by doctors and nurses who have felt that pain themselves—using that incentive to fuel a successful product.


We empower our frontline teams with real-time point of care training and support so that they can be superheroes. Our success is demonstrated in our $1M+ ARR traction, proven ROI, and key clients.  And through the sharing network effect, every new client increases value for all clients—a virtuous cycle of collaboration. Come join the movement.

GIF

Offering Summary


Company

:

Elemeno Health, Inc.

Corporate Address

:

2910 Ford St., Suite D, Oakland, CA 94601

Offering Minimum

:

$9,999.22

Offering Maximum

:

$3,929,998.76

Minimum Investment Amount

(per investor)

:

$249.40











Terms


Offering Type

:

Equity

Security Name

:

Series Seed-2 Preferred Stock

Minimum Number of Shares Offered

:

11,627

Maximum Number of Shares Offered

:

4,569,766

Price per Share

:

$0.86

Pre-Money Valuation

:

$20,028,609.66











We Would Love to Recognize You as a Patient Safety & Nurse Champion.

(Recognitions posted on our Investor web page)

$25,000+ Angel of Nursing

In tribute to Florence Nightingale: The Lady with the Lamp, Visionary Statistician, Founder of Modern Nursing

$10,000+ Red Cross Award

In tribute to Clara Barton: The Lady in Charge, Civil War Nurse, Founder of American Red Cross

$5,000+ Military Nursing Champion

In tribute to Hazel W. Johnson-Brown: Trailblazer in Military Nursing, First Black Chief of the US Army Nurse Corps.

 

$2,200+ Hospice Care Advocate

In tribute to Florence Wald: Mother of Modern Hospice Movement, Advocate for Patients’ Dignity, Freedom from Pain, and Right to make Autonomous Decision

 

$1,000+ Rural Health Ally

In tribute to Mary Breckinridge: Pioneer in Rural healthcare, Founded Frontier Nursing Service, Drastically Decreasing Maternal and Infant Mortality in early 1900’s

 

$300+ Public Health Contributor

In tribute Lillian Wald: Pioneer in Public Health, American Nurse, Humanitarian

 

(Here's how prior investors from Republic are honored on our web page: https://www.elemenohealth.com/investors/)

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$2,260,504.00 USD
$542,441.00 USD
Cash And Cash Equivalents
$1,905,551.00 USD
$251,677.00 USD
Accounts Receivable
$156,000.00 USD
$214,142.00 USD
Short Term Debt
$38,743.00 USD
$25,620.00 USD
Long Term Debt
$1,705,225.00 USD
$1,509,807.00 USD
Revenues And Sales
$1,047,195.00 USD
$603,763.00 USD
Costs Of Goods Sold
$334,204.00 USD
$152,673.00 USD
Taxes Paid
$800.00 USD
$800.00 USD
Net Income
-$1,349,246.00 USD
-$1,116,953.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Kathy & Peter Balestreri Investor Spotlight

2 days ago

We have reached $700K! Thank you and welcome to all new investors. You are in great company. Today we would like to share the story of our investors Peter and Kathy Balestreri. Peter is the former Director of Safety and Security and Kathy is the former Executive Director of UCSF Medical Center. Read our Q&A below with Kathy to find out why they invested in Elemeno.

Kathy & Pete Balestreri

 

Q: What is your experience in the healthcare industry? 

A: "I began working at UCSF in the mid-seventies filling a variety of administrative roles and ending my career as Executive Director of Patient Services and Chief of Staff to the CEO. In this last role at USCF, I was responsible for improving our patient experience at all locations, as well as concierge services, urgent referral and international services, executive health services, and fundraising. Working with the CEO and University Development leadership, I helped to raise more than $600M to build UCSF Medical Center at Mission Bay which was very rewarding and opened in February 2015. 

"In mid-2015, I began a second career as a healthcare consultant working with Academic Medical Centers and community hospitals to establish and improve concierge services, executive health practices, international programs, patient experience initiatives and philanthropic strategic plans. I also serve as a volunteer with a number of nonprofits in San Francisco and a mentor to students with a San Francisco/Oakland based organization providing scholarships for high-school students from low-income families."
 

Q: Why did you invest in Elemeno?

A: "I was fortunate to get to know Arup and Elemeno during my tenure as UCSF Health Executive Director. I believe in his integrity, professionalism, and his dedication to patient service. For many years, my husband and I have been fortunate enough to rely on the UCSF retirement fund to primarily handle the direction of our investments. We have maintained a philosophy of taking medium risks and have thus far been very fortunate.

"We are now at a point in our lives where we can further our involvement in personal investment opportunities in areas with which we are both familiar and feel impressed and confident in the path forward. Knowing the management team and being familiar with the concept of Elemeno's product and services, we are excited to get involved and invest in this company. As we have personally experienced the product and continue to keep in touch with our former colleagues in healthcare, we firmly believe the Elemeno product will both better serve the healthcare community and be a financially stable and productive investment."
 

Q: Which other companies or funds have you invested in? 
 

A: "We have primarily invested in the tax-deferred annuity funds managed by the UC system and in personal ventures by friends and colleagues in whom we firmly believe. Our goal is to have a firm belief in the product and the people. Arup and his team exceed these goals."

National Maternal & Neonatal Care Leader Partners with Elemeno to Deliver Best Practices

7 days ago

Today is a big day! We are excited to announce our partnership with the National Perinatal Information Center (NPIC), the leader in maternal perinatal & neonatal analytics! You can read all about our partnership here.


This is the first of several major channel partnerships emerging to multiply our sales. We traditionally sell Elemeno into one hospital at a time, and then expand across departments in each hospital. These channel partnerships help us access many hospitals at one time, by extending the trust relationships already forged between our partner organizations and their members. 

And in the spirit of building community and democratizing access to best practices, NPIC will be sharing their practices to all hospitals in the Elemeno community. We are proud to share a joint vision to improve maternal and neonatal outcomes, and bring health equity to all!

Come join us now! We already have over $700,000 in from investors big and small-- hospital execs, doctors, nurses, and patients. We want you, too!

Elemeno Breaks $600,000 Mark!

15 days ago

Hey All!

Excited to share that Elemeno has doubled our campaign total in the past week, now surpassing $600,000! Big thanks to all of you who have invested-- and for those of you following, we invite you to join us now!

Many of our biggest investors have come from healthcare. They have personally felt the pain that we are curing. Elemeno is a solution built from the inside out, by doctors and nurses, for doctors and nurses. Feel the passion here as Director of Patient Care Services Amy Waldrup describes how Elemeno fills the critical gaps left by learning management systems and helps her and her frontline teams work better together to deliver safer care.


Elemeno Hits $300,000 Mark!

21 days ago

We are excited to reach $300,000 in our first week! 

Curious to hear how hospitals are using Elemeno to empower their teams? Watch this video to hear how  Children's Hospital New Orleans uses Elemeno and to get a Chief Nursing Officer's perspective.

Elemeno Wins JHF International Healthcare Safety Challenge!

30 days ago


We put together our campaign page and then locked it while filing with the SEC. During the interval to campaign launch, we received our latest major recognition!

Elemeno won 1st place in the Jewish Healthcare Foundation 2021 Healthcare Safety Challenge, from a select group of 125 innovations across 15 countries. The Challenge was sponsored by the Jewish Healthcare Foundation which aims to eliminate medical errors. Here's the story

JHF President Dr. Karen Feinstein, a 22 year veteran patient safety advocate, noted, “We need this kind of bold thinking to address the persistent problem of medical error.” The judges especially loved how Elemeno equips frontline staff with the JIT support they need to be their best, and how Elemeno makes it easy to share and spread best practices across hospitals and systems.


Our campaign is starting fast, with nearly $100,000 raised in less than a week. Come join the movement! We want YOU to be on our team!


Arup


Arup Roy-Burman MD

Founder & CEO

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