Videra Health

Company Overview

Videra Health is a healthcare technology company that provides an AI-powered measurement-based care platform for patient assessment and monitoring. The company is focused on leveraging video, text, and audio technology to improve patient engagement, streamline care delivery, and maximize clinical outcomes in behavioral health and other areas of healthcare.

Videra Health’s platform allows healthcare providers to conduct automated, AI-assisted video, text, and audio assessments of patients. This enables providers to monitor patients remotely, identify those at higher risk, and intervene proactively. The company’s mission is to make AI work for healthcare, delivering better outcomes and enhanced quality of life through their technology.

While the exact founding date is not provided, the company appears to be a relatively new startup, likely founded within the last few years based on the innovative nature of their AI technology. Videra Health is headquartered in Orem, Utah.

Products Overview

The core product of Videra Health is their AI-powered measurement-based care platform. Key features and capabilities include:

• Automated video, text, and audio assessments of patients that can be completed remotely
• AI analysis of facial expressions, voice patterns, and language to identify patient risk and needs
• Screening and monitoring for behavioral health conditions like anxiety, depression, mood disorders, and substance use
• Via™ - An AI-powered digital health companion that engages patients in dynamic conversations across text, voice, and video
• Integration with electronic medical record (EMR) systems
• Real-time alerts for providers about patients needing urgent attention
• Outcomes tracking and reporting
• Custom assessments and surveys that can be tailored to specific use cases

The platform is designed to help providers expand clinical capacity, improve patient engagement, detect issues early, and deliver more personalized care without adding staff. It aims to bridge gaps in care, reduce readmissions, and enable proactive interventions.

Founding Team

The founding team of Videra Health includes:

• Loren Larsen - Co-Founder and CEO
• Brett Talbot, PhD - Co-Founder and CCO (Chief Clinical Officer)
• Mark Newman - Co-Founder and Board Member

While detailed backgrounds are not provided, Loren Larsen and Brett Talbot appear to be the key executives leading the company currently. The founders likely have backgrounds spanning healthcare, technology, and data science given the nature of Videra’s AI platform.

Problem and Market Fit

Videra Health is addressing several key challenges in the healthcare industry, particularly in behavioral health:

1. Increasing demand for mental health services with limited provider capacity
2. Difficulty in consistently screening, assessing, and monitoring patients between visits
3. High readmission and relapse rates for behavioral health conditions
4. Inefficiencies in care delivery and patient engagement
5. Lack of data-driven insights to inform treatment decisions

The company’s AI platform aims to solve these issues by automating patient assessments, enabling remote monitoring, providing early risk detection, and delivering actionable insights to providers. This allows healthcare organizations to scale their services, improve outcomes, and reduce costs without adding staff.

Videra’s solution appears well-positioned to address growing needs in behavioral health, which has seen surging demand and provider shortages. The platform’s ability to integrate with existing workflows and EMR systems also enhances its market fit for healthcare providers looking to adopt new technologies.

Business Model

While specific pricing details are not provided, Videra Health likely operates on a Software-as-a-Service (SaaS) model, charging healthcare providers, payers, and other organizations a subscription fee to access and use their AI platform. The company may offer different tiers or packages based on features, number of patients, or usage levels.

Potential revenue streams could include:

1. Subscription fees for access to the core platform
2. Additional fees for premium features or advanced analytics
3. Implementation and integration services
4. Custom development for enterprise clients
5. Data licensing (in aggregate, anonymized form)

The company appears to target several customer segments including behavioral health providers, health systems, payors/ACOs, pharmaceutical companies, and government agencies. This diversified approach allows Videra to tap into multiple areas of the healthcare market.

Funding and Runway

Specific funding details and financial information are not provided in the available material. However, as a technology startup in the healthcare AI space, Videra Health has likely raised venture capital funding to support its growth and product development. The company’s investors may include healthcare-focused VCs and strategic partners.

Some of Videra’s strategic partners mentioned include Peterson Ventures, O’Reilly AlphaTech Ventures (OATV), and RosePark Advisors, which may have provided funding or other support to the company. Without more details on funding rounds or revenue, it’s not possible to estimate the company’s current runway.

Competitive Landscape

Videra Health operates in the competitive and rapidly evolving digital health and AI space. While specific competitors are not named, the company likely faces competition from:

1. Other AI-powered behavioral health platforms (e.g. Quartet Health, Spring Health)
2. Teletherapy and digital mental health companies (e.g. Talkspace, Ginger)
3. Remote patient monitoring solutions
4. Traditional EHR and healthcare IT vendors expanding into AI
5. Large tech companies developing healthcare AI capabilities

Videra aims to differentiate itself through its focus on video/audio AI analysis, integration of multiple communication channels, and ability to scale engagement without additional staff. The company’s partnerships and focus on behavioral health may also provide competitive advantages in specific market segments.

Customers

While a comprehensive customer list is not provided, some of Videra Health’s partners and customers mentioned include:

• Discovery Behavioral Health
• Signature Health Services
• Nomi Health
• Kipu Health
• Alleva
• Oklahoma Army National Guard

The company appears to work with a range of healthcare providers, behavioral health organizations, and government agencies. Videra likely has additional customers across their target markets of providers, payors, pharmaceutical companies, and public sector organizations.

Relevant News

• July 16, 2024: Videra Health announced a Bronze Tier Partnership with the National Council for Mental Wellbeing, strengthening their position in the behavioral health space.

• The company has been actively publishing blog posts and thought leadership content on topics like AI in mental health, maternal mental health, and improving patient engagement.

• Videra Health exhibited at NATCON24, a major behavioral health industry conference, indicating their efforts to expand market presence and build relationships with potential customers.

While not tied to specific dates, the company has been developing new features and use cases for their platform, including applications in areas like tardive dyskinesia screening and maternal mental health support.