August Health
Category: AI in Healthcare
An AI-enabled electronic health record (EHR) platform designed to modernize and improve care and operations in senior living communities. August Health was founded in 2020. The company is led by Justin Schram, Erez Cohen. Based in San Francisco, California, USA. Team size: 51-200. Total funding raised: $29M. Latest round: Series B. Key investors include Matrix Partners, General Catalyst, Base10 Partners.
- Founded
- 2020
- Headquarters
- San Francisco, California, USA
- Team size
- 51-200
- Total funding
- $29M
Value proposition
To empower senior living operators with a modern, user-friendly platform that improves resident care, increases staff satisfaction, streamlines compliance, and grows care revenue through proactive, data-driven insights.
Products and solutions
Modern EHR Platform: A comprehensive electronic health record system for managing resident care., August Health Insights: A real-time intelligence system that provides predictive risk and trend detection to enable proactive care., Digital Move-in Experience: A fully-digital and streamlined onboarding process for new residents and their families.
Unique value
August Health is unique in its dedicated focus on modernizing the senior living industry, which has traditionally relied on paper-based or outdated legacy systems. Their platform is built with a user-centric design, making it intuitive for caregivers and staff. The integration of AI for proactive insights moves beyond simple data collection to offer actionable intelligence.
Target customer
Senior living operators and communities, including enterprise-level organizations.
Industries served
Senior Living, Healthcare
Technology advantage
The key technological advantage is the AI-powered 'August Health Insights' which enables predictive analytics for resident care, allowing for early intervention and improved outcomes. The business advantage lies in their deep industry focus, which allows them to tailor their product to the specific needs of senior living communities, addressing both clinical and operational challenges. This focus on a niche market allows for a more effective and targeted solution than more generic EHR systems.
How they differentiate
August Health differentiates itself by offering a modern, user-friendly EHR platform specifically designed for senior living communities. Unlike legacy competitors, which are often adapted from other industries, August Health provides a streamlined, paperless system with a focus on intuitive workflows and business intelligence. The company is also advancing its technology to include AI-driven insights for care and operations.
Main competitors
PointClickCare, Yardi Systems, Eldermark
Key partnerships
Base10 Partners, General Catalyst, Matrix Partners, Equitage Ventures, The Senior Living Transformation Company, Stanford University
Notable customers
Koelsch Communities, Westmont Living, Seasons Living
Major milestones
Secured $29M in a Series B funding round., Launched August Intelligence, an AI-driven feature for care and operations., Expanded its platform to be used by hundreds of senior living communities across the U.S.
Growth metrics
While specific growth metrics are not public, the company reports serving hundreds of senior living communities.
Market positioning
August Health is positioned as a modern, specialized solution for senior living operators who are looking to upgrade from outdated or paper-based systems. They target a range of communities, from single locations to large enterprise customers, by emphasizing ease of use, compliance, and data-driven decision-making to improve both resident care and operational efficiency.
Geographic focus
August Health's primary geographic focus is North America, with its headquarters in San Francisco and notable customers located across the United States.
Patents and IP
Public information on specific patents is not readily available. Their intellectual property lies in their proprietary software, AI models, and the data they have collected and analyzed.
About Justin Schram, Erez Cohen
Co-Founder & Co-CEO at August Health, previously a Physician at The Permanente Medical Group and Resident Physician at Stanford Health Care.
Official website: https://www.augusthealth.com/