{"id":337088,"date":"2017-03-29T23:19:36","date_gmt":"2017-03-29T15:19:36","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1470240"},"modified":"2017-03-29T23:19:36","modified_gmt":"2017-03-29T15:19:36","slug":"udemy-cofounder-eren-bali-just-raised-6-5-million-for-his-newest-startup","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/udemy-cofounder-eren-bali-just-raised-6-5-million-for-his-newest-startup\/","title":{"rendered":"Udemy cofounder Eren Bali just raised $6.5 million for his newest startup"},"content":{"rendered":"

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It\u2019s no secret that communications between patients and their doctors and pharmacists is anything but seamless. The same is true for communications between doctors and the labs and insurance companies with which they work. Carbon Health, a 1.5-year-old, San Francisco-based startup, is aiming to create a two-sided marketplace that makes it easier for everyone involved to know what\u2019s what.<\/p>\n

To date, its\u00a0mobile platform\u00a0\u2014 which aims to provide healthcare practices with greater control over everything from scheduling\u00a0to electronic health records\u00a0to billing \u2014 has been available only through its own private practice in San Francisco, which it created to pilot-test its service.<\/p>\n

But founder and CEO Erin Bali\u00a0says\u00a0750 patients have tried it, too, and\u00a0that they rank it highly in feedback surveys. The reason: by integrating a\u00a0healthcare practice with clinics, insurance companies, pharmacies, labs and medical imaging centers, patients become\u00a0empowered, too. Specifically, Bali\u00a0says, by using the service, individuals can schedule appointments, make payments, fill prescriptions, and, crucially, access their medical records. \u201cInstead of health record system where patients records are stored on\u00a0the provider side, we flipped the system,\u201d says Bali.<\/p>\n

That strategy was apparently enough to convince investors to provide Carbon Health\u00a0with $6.5 million in seed funding over two tranches, money the company\u00a0plans to use to expand into a small number of Bay Area practices, then other practices in California, before rolling out nationally.<\/p>\n

Bali said he isn\u2019t at liberty to disclose the names of those early partners, but he says 100,000 patients will have access to its technology when those partnerships go live. He adds that it may take until the end of the year to get them\u00a0fully up and running, as \u201cthis is\u00a0high-stakes software;\u00a0we want to get this right.\u201d<\/p>\n

Chicago-based BuildersVC<\/a>\u00a0is Carbon Health\u2019s\u00a0biggest investor to date; others of its backers include Javelin Venture Partners, Two Sigma Ventures, Bullpen Capital and a long string of well-known angel investors, including serial entrepreneurs\u00a0Aaron Patzer, Elad Gil and Russ Fradin.<\/p>\n

Investors apparently like the company\u2019s revenue model, too. Most physicians use a billing company and pay 5 to 10 percent of their collections to that service. Carbon Health aims to replace that cost, charging 7 percent for not only billing but a variety of other services that healthcare practices typically pay for separately, including HR and practice management.<\/p>\n

Bali\u2019s background can\u2019t hurt, either. As some readers may already know, Bali previously cofounded and served as CEO of the well-funded<\/a> education marketplace Udemy<\/a>. If, as an investor, you\u2019re betting on a new marketplace, you could do worse than place your chips on someone who knows a thing or two about these two-sided businesses.<\/p>\n

Carbon Health had launched at the TechCrunch Disrupt show in San Francisco last fall. To learn more, you\u00a0can check out is presentation here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" It’s no secret that communications between patients and their doctors and pharmacists is anything but seamless. The same is true for communications between doctors and the labs and insurance companies with which they work. Carbon Health, a 1.5-year-old, San Francisco-based startup, is aiming to create a two-sided marketplace that makes it easier for everyone involved to know… Read More<\/a><\/p>\n

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