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Innobot, LLC

Innovating Healthcare Through Automation.

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One Liner

One Liner
Innovating Healthcare Through Automation.

What Problem We are Solving

Problem
- Staffing shortages make it hard to keep up with administrativetasks. -RPA has a 0% attrition rate, 0% chance of getting ill andworks 24 hours a day. -The cost of employees are high and many of our potentialclients do not want to outsource overseas for a variety ofreasons. -RPA has a cost of 20% of a minimum wage employee. -Administrative tasks are repetitive and time consuming. -RPA allows staff to focus on high value decision making and improvement functions. -Accuracy of these tasks are essential for claims reimbursement. -RPA can only do what you program it to do, reducing the risk of errors and delayed reimbursement. -Delayed administrative functions can result in uncompensated care due to timely filing and appeal deadlines. -RPA completes functions at the speed of light and thus mitigates the risk of falling behind.

About Us

About Us
Innobot, LLC DBA Innobot Health was started in August 2021 by Natasha Schlinkert, MBA with 25 years of Healthcare Revenue Cycle Management and Healthcare Operations leadership experience in large hospital systems, large physician groups and global RCM companies at the C-level. After gaining billions in ROI and unparalleled success in operational efficiencies in these companies through implementation of automation, I started Innobot to bring the precision of healthcare automation implementation to the healthcare industry. After hand selecting some key talent in my success through the years, I signed contracts with some very large healthcare entities such as Allscripts and have scaled to over 30 software developers in Sri Lanka and 15 clients in the US. We utilize mostly open source platforms to build and charge only for the software developers and my consulting fees. We have the framework for our own platform and are ready to build it with some capital to fund the project that will allow us a subscription and/or per transaction fees that will generate recurring revenue. Q2 of 2023 has been very busy with more than 8 demos per week and a current pipeline of 17 very interested potential new clients with 14 of those expected to sign the contract within 30 days. 2022 Gross $617,656 2022 Net $84,163 2023 Gross YTD $382,414 2023 Net YTD $59,445

Competitive Advantage

Quote
We optimize healthcare workflows through innovative strategy and remarkable technology with all encompassing knowledge of payer nuances, regulations, workflows, systems utilized in the field and industry best practices. We are not techies that figured out how to sell to healthcare. We are Healthcare revenue cycle gurus that figured out a better way into the future utilizing technology. We work during US business hours. Our pricing is a fraction of competitors' pricing. There is no integration required. We can build a bot in 1-6 weeks to production depending on the complexity. We provide ROI mapping and execution summaries daily, weekly and monthly. 
Employees of Innobot are paid more than 2x the average salary for the industry in their market and we pay their income tax, provide transportation, take team trips to deliver food, clothes and school supplies to rural villages, provide flexible hours (within US time zones by client), pay for medical for the employee and family up to a set cap, provide 21 PTO days and have alternating work from home weeks. We do monthly lunch and learn activities for knowledge sharing and team building. The culture is impeccable and we have not had an employee resign since inception 19 months ago.  

Revenue

Revenue To Date
$1.05M
MRR
$76K
Revenue YTD
$382K
Burn Rate
$62K

Networking

Networking
We are open to meeting up to grab a coffee, or just to chat. We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!

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Capital

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Name Amount
Amount Left $2,000,000.00
Amount Raised (This Round) $0.00
Amount Raise To Date $30K
Investment Type N/A
Type of Raise Unknown

Valuation
N/A
Friends & Family
$30K

TAM SAM SOM

TAM
$46B
SAM
$41B
SOM
$32B