August Health

August Health

Digital tools for healthcare facility operations

About August Health

Simplify's Rating
Why August Health is rated
C
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated D+ on Rating Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$14.6M

Headquarters

North Royalton, Ohio

Founded

2020

Overview

Company Does Not Provide H1B Sponsorship

August Health offers digital tools designed to improve the operations of care facilities, particularly nursing homes. Their main product is a productivity tool that digitizes essential documents, streamlining processes like the move-in of new residents, which can cut paperwork time by up to 80%. The tool also includes a compliance dashboard to help facilities manage risk and avoid citations. Unlike competitors, August Health focuses on enhancing efficiency and quality of care while also providing potential revenue increases for care facilities.

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Simplify's Take

What believers are saying

  • Partnerships with major senior living companies enhance market reach and credibility.
  • Recent $15M Series A funding supports further innovation and growth.
  • Integration of AI-driven analytics enhances care and operational efficiency.

What critics are saying

  • Competition from established EHR providers like Epic Systems threatens market share.
  • Rapid tech advancements may render current offerings outdated without continuous innovation.
  • Data privacy concerns and new regulations could impact compliance strategies.

What makes August Health unique

  • August Health automates the move-in process, reducing paperwork by up to 80%.
  • The platform offers a compliance dashboard with real-time monitoring and e-signatures.
  • August Health's EHR platform is designed specifically for senior living facilities.

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Funding

Total Funding

$14.6M

Meets

Industry Average

Funded Over

1 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$15M
August Health
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

1%

2 year growth

1%
Business Wire
Apr 25th, 2024
August Health Unveils Inaugural Members Of New Advisory Board

SAN FRANCISCO--(BUSINESS WIRE)--Today August Health, the EHR platform that drives proactive care in senior living, announced the formation of its new Advisory Board to provide expertise during the company’s ongoing growth.The Advisory Board brings together executive leaders from across the senior living industry who will offer unique insight into how August Health can best support senior living operators, now and in the future.The Advisory Board will consult on product development, growth initiatives, strategic planning, and thought leadership. The Board’s expertise will further enhance August Health’s ability to stay closely attuned to the evolving needs and experiences of senior living operators.“ From our earliest days, we’ve built August Health in lockstep with our operator partners,” said co-CEO and co-founder Justin Schram, MD. “ Our Advisory Board represents the next chapter of this collaboration — deepening our partnership with some of the brightest minds and leading voices in the industry. We are delighted to welcome these outstanding leaders to our broader team and build the future of senior living together.”Severine Petras, co-founder and CEO of Priority Life Care and August Health Advisory Board member, stated, " As someone who’s committed to bringing positive change to senior living and who has experienced the benefits of August Health first hand in my communities — joining the August Health Advisory Board was an obvious decision. I look forward to working even more closely with August Health and supporting the team as they build the technology our industry needs."Meet the inaugural August Health Advisory Board members:Shadoworee Betts, Chief Operating Officer, Senior StarJason Childers, Chief Operating Officer, Merrill GardensAndy Eby, Chief Executive Officer, Bickford Senior LivingSeverine Petras, Chief Executive Officer and Co-Founder, Priority Life CareBrandon Ribar, Chief Executive Officer, Sonida Senior LivingAbout August HealthAugust Health is the easy-to-use EHR platform that caregivers love, known for improving care quality, simplifying compliance, and enabling better care tracking and analytics. Designed with senior living experts and built by world-class engineers, the software platform makes it easier for communities to provide the best care

Business Wire
Mar 5th, 2024
August Health Launches August Health Insights – Proactive Intelligence For Senior Living

SAN FRANCISCO--(BUSINESS WIRE)--Today, August Health announced August Health Insights, a real-time system for advanced care and operational intelligence used by senior living operators to proactively address emerging risks and unmet resident care needs. August Health Insights enables transformative intelligence through three core capabilities:Providing real-time visibility into community care and operationsIdentifying emerging operational risks and significant variations across communitiesPreemptive detection and flagging of rising risk residents and incident clustersOperators can run their communities with confidence by having all their data available in an actionable dashboard that provides insight into resident acuity, incidents, staffing requirements, census, and care revenue. August Health Insights enables operators to instantly compare community data to identify outliers that warrant further analysis. For instance, a COO can easily pinpoint buildings with lower-than-expected acuity, which could indicate persistent resident underassessment, increased risk exposure, staffing imbalances, and missed care revenue capture

Priority Logistics
Oct 12th, 2023
Priority Life Care Partners with August Health to Enhance Move-In Experience Through Innovation

Priority Life Care, one of the nation's largest senior living companies, has partnered with August Health to transform the Move-In experience for new residents and their families.

Business Wire
May 2nd, 2023
Westmont Living Launches Multi-Year Partnership With August Health, Advancing Its Innovative Care Model | Business Wire

Westmont Living, a family-owned, full-service senior living company, announced today its next advancement in innovative care through a new multi-year partnership with August Health, in which August Health’s modern EHR platform will be implemented across all of Westmont Living’s communities.

Business Wire
Feb 2nd, 2023
Koelsch Advances Human-Centered Care Model, Partners With August Health

OLYMPIA, Wash. SAN FRANCISCO--(BUSINESS WIRE)--Koelsch Communities, a leading provider of purpose-built senior living communities across independent, assisted and dedicated memory care environments, today announced a strategic investment in its tech-forward future. Koelsch will partner with August Health to implement its modern resident care platform across Koelsch’s portfolio of more than 40 communities in eight states.“Investing in technology that improves how we serve residents, their families and our dedicated team members is the way forward, and we are proud to be at the forefront of this movement in senior living,” said Aaron Koelsch, President and CEO of Koelsch Communities. “Koelsch is a unique company in that we honor tradition and respect deeply the dignity of each resident, which is why we harness some of today’s most advanced senior care technologies as a way to improve, adapt and innovate to fulfill that mission.”August Health enables digital transformation for Koelsch with an easy-to-use platform that streamlines care workflows and provides critical insights to help both caregivers and families. In an industry typically known for its reliance on paperwork, the August Health platform starts with a fully-digital move-in experience. From there, the platform’s capabilities extend into clinical assessments, resident care, compliance and analytics, guiding users towards best practices along the way.“We are thrilled to partner with Koelsch, a recognized national senior living leader, to further modernize their operations and support their exceptionally high standard of resident care,” said August Health Co-Founder and Co-CEO Dr

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