PREMA COGNITION·health-tech·Scan 2026-05-18 to 2026-05-18·Run 20260519160125
Operational OS for senior-care clinics that turns abnormal memory screens into triaged workups, referrals, and trial-ready patients.
Earlier dementia screening only helps if positive screens actually turn into timely follow-up, but most clinics still handle that handoff with manual callbacks, referral packets, and waitlists. As digital tests surface risk sooner, primary care and senior-care operators create a new queue of patients who need triage into confirmatory workups, memory specialists, caregiver intake, and sometimes research enrollment.
By Bizidea Research/
Overall rating3.7/ 5.0
3
Market
$252.7M TAM with 1.9% cagr in u.s. alzheimer's prevalence from 6.9m to 13.8m older adults by 2060 and 4 mapped competitors points to a real but still niche category.
4
Differentiation
Vendor-agnostic post-screen workflow is a clear wedge, and four incumbents still center on testing or diagnostics rather than follow-up execution.
4
Execution
5 planned early hires, clear 0-36 month milestones, 70% gross margin, 8.1x LTV/CAC, and 8.2-month payback offset 3 model flags.
4
Timeliness
4 recent signals in a yesterday scan, including 30+ clinic deployment and fresh funding for regulatory work, make the timing concrete.
Section
Why now
Earlier cognitive tests can flag risk before conventional tools, which increases the volume of patients who need organized follow-up rather than ad hoc referral handling.
Deployment across more than 30 clinics shows the category is already entering live care settings, so downstream workflow pain exists now rather than in a hypothetical future.
Funding aimed at datasets and regulatory work suggests screening tools are moving toward broader clinical standardization, raising the value of workflow software that can scale with adoption.
Cambridge-origin research gives providers more confidence to operationalize earlier screening, which increases demand for software that can safely manage what happens after a positive result.
Catalyst.Prema's clinic deployment and funding for datasets plus regulatory work show that earlier dementia screening is becoming operationally real, which creates immediate demand for infrastructure after the screen.
Section
The idea
The product sits downstream of any digital cognitive test or clinician-entered screen and converts an abnormal result into a structured next-step workflow. It captures caregiver and symptom history, pulls required chart context from the EHR, ranks urgency based on clinic rules, and routes each patient to the right follow-up path such as repeat testing, neurology referral, imaging workup, or research coordinator review. Operations leaders get dashboards for referral leakage, waitlist aging, and clinic-by-clinic conversion from abnormal screen to completed workup. Research teams can optionally receive consented, pre-qualified patients whose screening and follow-up data are already assembled. The first use case is simple: turn abnormal memory screens into scheduled memory-pathway actions within days instead of weeks.
What's different. Most cognitive-testing startups focus on the screen itself, while generic referral software misses the clinical nuance of dementia workups, caregiver intake, and research handoff. This company deliberately sits after any screening tool, making it easier to sell into clinics that do not want to swap vendors but do need follow-up discipline. Over time, it can build a proprietary dataset on which abnormal screens convert into completed diagnostics, specialist visits, and study enrollment, creating workflow and data defensibility.
Startup thesis
Beachhead
U.S. value-based senior care groups with 10-50 clinics that already perform tablet-based cognitive screening during Medicare Annual Wellness Visits and struggle to route abnormal results into memory workups
Wedge
An abnormal-screen follow-up orchestrator that prioritizes patients, collects caregiver history, assembles chart packets, and books the next best dementia-pathway step
Non-obvious insight
Earlier digital screening shifts the bottleneck in dementia care away from test administration and into the messy downstream workflow of deciding who needs workup now, who can wait, and how to keep patients from disappearing between screening and specialist follow-up.
Venture-scale path
Once embedded in abnormal-screen follow-up, the company can expand into specialty memory clinics, pharma-sponsored recruitment, payer care-path management, and adjacent neurodegeneration workflows such as Parkinson's and mild cognitive impairment monitoring.
Target user
Primary user
VP Clinical Operations or medical director at a U.S. value-based senior care group running Medicare Annual Wellness Visits across 10-50 clinics
Secondary user
Director of clinical research at a multi-site memory clinic or neurology group that needs more trial-ready patients with documented cognitive-screen results
Economic buyer
VP Clinical Operations, Chief Medical Officer, or head of specialty referrals at a multi-site senior-care provider
Go-to-market seed
First customer
A U.S. senior-focused primary care platform with 15-30 clinics that already runs cognitive screening in annual visits and has a central operations team managing specialty referrals
Buying trigger
Launch of a digital cognitive screening program or a spike in abnormal screens that exposes neurology referral delays and incomplete follow-up
Current alternative
Manual nurse triage in the EHR, referral faxing, call-center outreach, and spreadsheet waitlists
Switching reason
The wedge does not ask clinics to change the screening tool; it fixes the operational gap after the result by shortening time to next step, reducing leakage, and producing cleaner documentation for specialists and research teams.
Pricing hypothesis
SaaS priced per clinic per month with an added usage fee for completed abnormal-screen pathways or research-ready referrals
Jobs to be done
Job
Current alternative
Success metric
When an annual wellness visit produces an abnormal memory screen, help senior-care operations teams route the patient into the right next step quickly, so they can reduce leakage and avoid long diagnostic delays.
Manual referral coordination across nurses, call centers, and specialist fax workflows
Median days from abnormal screen to scheduled follow-up appointment
When a memory clinic or research site needs earlier-stage patients, help coordinators identify and pre-qualify the right screen-positive patients, so they can fill workups and studies with less manual chart review.
Manual chart review and opportunistic provider referrals
Percentage of eligible screen-positive patients who complete workup or research intake
Dementia pathway orchestrator
flowchart LR
Buyer[Senior care operations leader] --> Pain[Abnormal memory screens create manual referral backlog]
Pain --> Product[Memory pathway orchestrator]
Product --> Outcome[Faster workups lower leakage and produce trial-ready patients]
Idea scorecard — average4.4 / 5 · 5axes
Signal · 4/5The cluster shows real clinic deployment and fresh funding, but evidence confidence is limited because only one source was fetched.
Pain · 5/5Missed or delayed follow-up after an abnormal cognitive screen directly affects care timelines, specialist utilization, and research recruitment.
Wedge · 5/5The initial product is a narrow abnormal-screen follow-up workflow that can be sold without replacing the screening test itself.
Defense · 4/5Workflow embedding plus longitudinal pathway outcome data can compound into a meaningful moat if the company wins early health-system integrations.
Scale · 4/5The beachhead is narrow, but the platform can expand across senior care, specialty neurology, payer pathways, and neurodegenerative trial recruitment.
Business model canvas
Key partners
Cognitive screening vendors
EHR integration partners
Memory clinics and neurology groups
Research networks and CROs
Key activities
Integrating screening outputs into follow-up workflows
Configuring routing logic by clinic
Measuring conversion from screen to completed workup
Key resources
EHR integrations
Clinical pathway configuration engine
Cognitive-workflow outcome dataset
Value propositions
Turn abnormal screens into completed next steps faster
Reduce referral leakage and waitlist aging
Create research-ready patient pipelines without replacing screening vendors
Customer relationships
Workflow implementation with operations teams
Clinical success reviews by site and provider
Expansion from referrals into research modules
Channels
Direct sales to senior-care operators
Partnerships with digital cognitive screening vendors
Clinical research network partnerships
Customer segments
U.S. value-based senior care groups
Multi-site memory clinics
Neurology groups running cognitive-screen workflows
Research sites recruiting early-stage dementia cohorts
Cost structure
Product and engineering
Clinical workflow implementation
Compliance and security
EHR integration support
Revenue streams
Per-clinic SaaS subscription
Usage fees per completed pathway
Premium module fees for research recruitment workflows
Section
Market
Market sizing
Market sizing overview
TAM
$252.7M34.1M Medicare Advantage enrollees [1] × 30% annual cognitive-screen touchpoints (est.; AWV includes cognitive assessment [3]) × 24.7% abnormal/borderline follow-up rate from live deployment (447 referrals / 1,808 screens [9]) × $100 workflow value per managed pathway (est.) = ~$252.7M.
SAM
$63.2MConstrain TAM to roughly 25% of volume for the beachhead of multi-site senior-focused provider groups already operationalizing cognitive workflows, yielding ~$63.2M.
SOM
$1.1MAssume year-3 capture of about 1.8% of SAM through ~18 multi-site customers reached via implementation-led expansion and GUIDE-aligned sales motions, yielding ~$1.1M.
Executive takeaways
The operational bottleneck is shifting from running a memory screen to completing the next step after a concerning result.
Medicare already creates workflow and reimbursement hooks for cognitive follow-up, but clinics still need lightweight execution software to close loops quickly.
Competition is strongest among assessment vendors; the cleaner wedge is a vendor-agnostic abnormal-screen orchestration layer rather than another test.
Market definition
Workflow software that converts an abnormal or concerning cognitive screen into a scheduled diagnostic, care-management, or research next step for older adults.
Customer and buyer
Initial users are operations leaders, medical directors, and referral managers inside U.S. senior-focused primary care groups and multi-site memory programs; the buying center includes clinical operations, physician leadership, and IT because success depends on referral conversion, documentation quality, and integration fit.
Buying triggers
Rolling out digital cognitive assessment in primary care quickly creates a queue of positive or borderline cases that need triage, documentation, and human follow-up.[9][20]
Medicare already requires cognitive assessment inside annual wellness workflows and covers separate care-planning visits, making follow-up operations a reimbursable workflow rather than a purely optional add-on.[2][3][4]
Dementia-navigation and caregiver-support models such as GUIDE increase pressure to coordinate next steps, support caregivers, and reduce leakage after diagnosis concerns surface.[5][21]
Willingness to pay
There is a plausible budget owner because cognitive follow-up already touches reimbursable assessment and care-planning work and CMS is funding dementia-care navigation; buyers will still expect the software to prove fewer dropped referrals, less staff time, and cleaner documentation before paying meaningful subscription dollars.[2][4][5]
Category dynamics
Growth signal 1.9% CAGR in U.S. Alzheimer's prevalence from 6.9M to 13.8M older adults by 2060
Tailwinds
Medicare already embeds cognitive assessment into annual wellness workflows and covers separate cognitive care planning when impairment is suspected.
Digital cognitive assessment deployments are now producing real referral queues in primary care, which creates immediate post-screen workflow demand.
Large caregiver burden and rising dementia costs increase willingness to invest in better coordination and navigation.
Headwinds
USPSTF still does not endorse broad asymptomatic screening, which can dampen blanket-screening narratives.
Primary care remains constrained by time, confidence, training, and support-service gaps in dementia care.
Assessment vendors are expanding downstream into care planning and workflow, raising competitive pressure.
Validation signals
Prema says its PREMAZ tool is already deployed in more than 30 clinics across the UK and the US, indicating the upstream screening category is operationally real.
A 7-clinic primary care implementation generated 447 referrals for further assessment from 1,808 completed digital cognitive screens.
The TabCAT-BHA implementation increased PCP cognitive diagnoses and was adopted by 95% of participating providers.
BrainCheck says it now serves more than 500 healthcare organizations and added more than 150 new practices in 2025.
CMS has already created a dementia-care payment model that depends on navigation and caregiver support, validating the need for operational infrastructure.
Regulatory & technical constraints
The product should avoid blanket asymptomatic-screening claims and instead support clinician-led follow-up after a concern or abnormal result, given USPSTF's evidence stance.
CPT 99483 workflows require detailed history, functional review, caregiver involvement, and documented care-plan elements, so software must support documentation quality rather than bypass it.
GUIDE-aligned deployments need caregiver support, care navigation, and coordination with community resources, which raises implementation scope but also validates the workflow.
Interoperability expectations now favor USCDI, standardized APIs, and SMART/FHIR-style app access for production deployments.
Dementia pathway market map
Section
Competition
Most commercial energy is still concentrated in detection, assessment, or care-plan generation rather than cross-vendor conversion of abnormal screens into completed next actions. Manual EHR tasks, referral faxing, and call-center outreach remain the dominant substitute, while assessment vendors are gradually extending toward adjacent workflow features.
Competitor
Stage
Wedge
Pricing
Strength
Weakness vs. us
Linus Health
scale-up
AI-enabled digital cognitive assessments with triage, provider reports, and health-system / life-science workflows.
Custom enterprise pricing / no public list price found
Strong clinical-assessment story plus expansion into triage, health systems, payers, and trials.
Still anchored to selling its own assessment stack, which makes vendor-neutral post-screen orchestration less natural.
BrainCheck
scale-up
FDA Class II digital cognitive assessment plus care planning and longitudinal workflow tooling.
Custom enterprise pricing / no public list price found
Clear workflow-first language, care-plan tooling, EHR integration emphasis, and growing installed base.
Platform is still centered on BrainCheck's own assessment and care modules rather than an agnostic after-the-screen layer.
Altoida
scale-up
10-minute self-administered neuro-marker platform for early MCI and Alzheimer's detection.
Contact sales / not publicly listed
Bold early-detection positioning and differentiated sensor-based assessment narrative.
Investigational, diagnostic-first positioning leaves a larger gap in operational referral and caregiver workflow execution.
Cogstate
incumbent
Longstanding digital cognition measurement, remote tracking, and healthcare/research partnerships.
Custom enterprise / partnership pricing
Deep scientific credibility, 25-year operating history, and broad pharma/academic relationships.
Heritage is measurement and trials rather than front-line primary-care conversion of abnormal screens into coordinated next steps.
Why incumbents do not win by default
EHR platforms.Standardized APIs and data-sharing rules make integration more feasible, but generic records systems do not solve dementia-specific prioritization, caregiver intake, or memory-pathway sequencing by default.
Screening vendors.Assessment companies increasingly add reports and care-plan features, but most remain anchored to their own test modality rather than acting as a neutral orchestration layer across whichever screen a clinic already uses.
Specialty memory clinics.Specialists own downstream workup expertise, but referral-delay evidence and workforce strain mean they do not automatically solve upstream leakage from primary care.
Collaborative care organizations.Service-heavy dementia-care models validate the need for coordination, yet they rely on staffing and standardized workflows that software can productize and scale.
Section
Business plan
The company should start as a vendor-agnostic workflow layer for U.S. senior-focused primary care groups that already run cognitive screening but still lose patients between an abnormal result and the next diagnostic or care-planning step. The first customer is a 10-50 clinic value-based senior care group with centralized referral operations, because abnormal screens, caregiver outreach, and specialty bottlenecks all sit under one operator with budget accountability. The wedge is deliberately narrow: ingest an abnormal or concerning screen, collect missing caregiver and symptom history, assemble the chart packet, prioritize urgency, and book the next best step without asking the clinic to replace its screening vendor. This is a faster proof point than building another digital assessment because the researched market already shows screening deployment, Medicare follow-up hooks, and coordination pain, while substitutes remain mostly manual. Go-to-market, pricing, and product scope should stay coupled around that same workflow, starting with a paid pilot priced against reduced leakage and faster time to scheduled workup in a small clinic cluster. The strongest long-term asset is a cross-vendor dataset showing which screen-positive patients convert into completed diagnostics, care plans, specialist visits, and research-ready referrals under specific workflow interventions. The company should explicitly avoid standalone diagnostic claims and position as workflow enablement, because the research shows regulatory and clinician-trust constraints around broad asymptomatic screening. Evidence for the wedge is credible but still incomplete on exact reimbursement capture, baseline leakage rates, and implementation burden at target accounts, so the first 12 months must produce customer-owned funnel and cycle-time data before the company broadens into memory clinics, payer pathways, or research monetization.
Problem
Abnormal cognitive screens still turn into nurse callbacks, referral faxes, spreadsheet waitlists, and incomplete chart packets, so patients disappear before a workup is scheduled.
Value-based senior care groups and memory programs feel the pain in both care quality and operations: delayed follow-up weakens CPT 99483 and GUIDE-aligned workflows, burdens caregivers, and leaves specialists and research teams with poorly prepared referrals.
Solution
Build a workflow layer that receives abnormal-screen output or manual clinician concern, captures caregiver history and required documentation, applies site-specific routing rules, and drives the patient to a scheduled next step within days.
Give operations leaders dashboards on leakage, aging, and conversion from abnormal screen to completed workup, then expand only after proof into research-ready referral packaging and specialty memory-clinic coordination.
Why we win
The product sits after any screening tool rather than replacing it, which matches how buyers already operate and creates a cleaner sales motion than competing head-on with assessment vendors.
Each deployment compounds proprietary routing, caregiver-intake, and conversion data on what actually moves screen-positive patients to completed follow-up, which generic EHR workflows and services firms do not capture systematically.
Strategic choices
Beachhead
U.S. value-based senior care groups with 10-50 clinics already performing cognitive screening in Medicare Annual Wellness Visit workflows and managing abnormal results through centralized referral teams.
Wedge rationale
This segment already has screening volume, an economic owner, and measurable downstream leakage, so the company can prove value on time to scheduled next step and conversion to completed workup faster than by selling into broad health systems, specialty memory clinics first, or direct-to-consumer screening.
Sequencing
Start with low-integration intake, routing, document assembly, and scheduling support because buyers will trust a layer-on-top workflow product before they trust automated diagnosis or deep EHR replacement. After 3-5 paid pilots show lower leakage and faster cycle time, add repeatable integrations, partner distribution through screening vendors, and only then a research-referral module, because earlier expansion would mix proof points and increase implementation load before the core wedge is validated.
Not yet
Standalone diagnostic or asymptomatic-screening claims · Broad health-system rollout beyond the defined senior-care ICP · Full memory-clinic operating system or payer care-management platform · Parkinson's, MCI monitoring, and other adjacent neurodegeneration workflows
Go-to-market
Wedge
Sell abnormal-screen follow-up conversion for one senior-care clinic cluster before attempting a broader dementia-workflow platform story.
Channels
Founder-led direct sales to VP Clinical Operations, CMO, and referral leadership at multi-site senior-care groups · Co-selling and referral partnerships with digital cognitive assessment vendors that need downstream workflow completion · Select memory-clinic and research-network partnerships after the primary-care wedge produces clean referrals
Funnel targets
Lead→qualified pilot 20-30%, qualified pilot→paid pilot 40-50%, paid pilot→production 50%+, first cluster→multi-clinic expansion within 6 months in 50%+ of production wins.
Pricing
Price as an annual per-clinic subscription plus a usage fee for completed abnormal-screen pathways or research-ready referrals, with a one-time implementation fee for workflow mapping. This matches how buyers perceive value: the fixed component covers recurring operational oversight, while the variable component tracks the volume of cases actually pushed through the pathway.
Product roadmap
MVP
MVP should ingest abnormal-screen results from one digital tool plus manual entry, trigger caregiver and symptom intake, assemble a dementia workup packet, prioritize the case by clinic rules, and hand off into scheduling or referral queues with audit logs. It should prove that the company can reduce median days from abnormal screen to scheduled next step without making diagnostic claims or requiring a full EHR implementation.
6 months
Ship 2-3 paid pilots with manual fallback, caregiver-intake workflows, chart-packet generation, referral dashboards, and baseline-to-live measurement of abnormal-screen leakage and cycle time.
12 months
Add repeatable integrations for the top early screening inputs and one EHR export path, launch configurable routing templates, and prove pilot-to-production conversion inside at least one 15-30 clinic customer.
24 months
Expand into memory-clinic and research-referral modules, add benchmark reporting on pathway conversion by cohort and site, and support multi-partner distribution while staying the vendor-agnostic after-the-screen layer.
Key bets
Buyers will pay for follow-up orchestration without replacing their current screening vendor. · Low-integration deployment can still improve median time to scheduled next step by at least 30%. · Caregiver-intake automation and chart-packet assembly remove enough staff work to justify clinic-based SaaS pricing. · Cross-vendor pathway data becomes more defensible than any one screening modality.
Business model
Revenue streams
Annual software subscription by clinic count for abnormal-screen workflow orchestration · One-time implementation and pathway-configuration fees · Usage-based fees for completed abnormal-screen pathways or research-ready referrals · Premium analytics and benchmarking for referral leakage, waitlist aging, and conversion performance
Unit of value
Managed abnormal-screen pathway completed to a scheduled next step
Target gross margin
70%
Expansion levers
Expand from one clinic cluster to all clinics in the same senior-care group · Add memory-clinic and neurology-group modules once referral quality is proven · Layer on research-referral packaging and trial-readiness workflows · Sell pathway benchmarking and routing intelligence derived from cross-site conversion data
Strategy map
North-star metric
Quarterly abnormal-screen cases converted to a scheduled next step within 7 days
Input metrics
Median days from abnormal screen to scheduled next step · Percent of abnormal screens with complete caregiver and chart packet within 72 hours · Abnormal-screen to completed workup conversion rate · Paid pilot to production conversion rate · Multi-clinic expansion rate inside existing accounts
Moats to build
Cross-vendor routing dataset linking screen outputs, intake completeness, and follow-up conversion outcomes · Dementia-specific caregiver-intake and chart-packet workflow templates by clinic type · Integration and implementation playbooks for the most common senior-care screening and EHR environments · Benchmark database on referral leakage, waitlist aging, and next-step completion by site
Kill criteria
If the first 3 paid pilots fail to reduce median days from abnormal screen to scheduled next step by at least 30%, the core workflow wedge is not strong enough. · If fewer than 50% of paid pilots convert to production despite measured operational improvement, buyer pain or budget ownership is weaker than assumed. · If the product cannot ingest 2 common upstream screening inputs plus manual entry without custom implementation in the first year, the vendor-agnostic thesis breaks.
Milestones
0–12 months
Sign 3 paid pilots in the defined senior-care beachhead
Prove at least 30% improvement in median days from abnormal screen to scheduled next step in the first successful pilot
Launch one repeatable ingestion pattern covering a digital screening tool, manual entry, and document export
Convert at least 1 pilot account into a multi-clinic annual production contract
12–24 months
Expand from first cluster wins to 8-12 live clinic groups with standardized implementation playbooks
Add memory-clinic and research-referral modules for customers that already proved the core follow-up workflow
Establish at least 1 channel partnership with a screening vendor or GUIDE-aligned dementia-navigation program
Build benchmark reporting on referral leakage, waitlist aging, and conversion by site
24–36 months
Reach multi-clinic deployment density sufficient to validate the modeled year-3 SOM trajectory
Turn routing and conversion benchmarks into a differentiated expansion product for existing accounts
Expand into adjacent neurodegeneration pathways only if the dementia wedge retains target gross margin and partner pull
Strategy map
flowchart LR
Wedge[Abnormal-screen workflow wedge] --> MVP[Routing intake and scheduling MVP]
MVP --> Proof[Cycle-time and leakage proof points]
Proof --> Expansion[Multi-clinic rollout and research modules]
Founding team
Role
Start timing
Rationale
CEO founder
Month 0
Founder-led selling is required early because buyer trust, workflow discovery, and partnership design all depend on credible clinical-operations understanding.
Founding eng
Month 0
Owns ingestion, routing logic, auditability, and the narrow integration layer needed to keep deployments lightweight.
Clinical workflow lead
Month 1
Turns dementia-pathway requirements, caregiver-intake steps, and escalation rules into repeatable product and pilot playbooks.
Implementation and solutions engineer
Month 4
Added once pilots start so the company can template integrations and shorten time from contract to live workflow.
GTM lead
Month 9
Hire only after the first pilots create a measurable ROI story and at least one repeatable channel or outbound motion.
Experiment roadmap
Horizon
Experiment
Hypothesis
Success metric
Owner
0–90 days
Interview 15 clinical-operations leaders, referral managers, and medical directors in the defined ICP and collect current-state funnel baselines.
Buyers feel urgent pain when abnormal-screen volume, caregiver outreach burden, and specialist delays appear in the same workflow review.
10 interviews confirm the same buying trigger pattern and 5 target accounts share baseline leakage and cycle-time data.
CEO founder
0–90 days
Run a concierge pilot that manually assembles caregiver intake and chart packets for one design partner before full automation.
Even a semi-manual workflow can prove faster scheduling and cleaner referral packets, validating the product wedge before deeper buildout.
25 abnormal-screen cases processed with at least 30% faster time to scheduled next step versus baseline and no material clinical escalations missed.
Clinical workflow lead
0–90 days
Build one ingestion prototype connecting a digital assessment output, manual entry flow, and document export into the customer's referral queue.
A narrow MVP can go live without full EHR write-back if it reliably captures the abnormal result, missing history, and next-step packet.
One working pilot workflow launched in a design-partner environment with less than 8 weeks of implementation effort.
Founding eng
90–180 days
Convert 2-3 design partners into paid pilots with weekly ROI reviews on cycle time, leakage, and packet completeness.
Buyers will pay once baseline pain is quantified and the workflow shows measurable improvement on a small clinic cluster.
2 paid pilots signed and at least 1 shows 30% cycle-time improvement plus better packet completeness within 120 days.
CEO founder
90–180 days
Test pricing packaging with per-clinic subscription only versus per-clinic plus usage-based pathway fees.
Buyers prefer a mixed model that aligns spend with both operational oversight and actual follow-up throughput.
At least 3 of 5 qualified buyers accept the mixed pricing model with a defined pilot-to-annual conversion path.
CEO founder
180–360 days
Launch one channel partnership with a screening vendor or GUIDE-aligned dementia-navigation program.
An upstream or service partner can source better-qualified opportunities and shorten trust-building time after initial proof exists.
25%+ of qualified pipeline comes from partners and at least 1 partner-sourced account converts to a paid pilot.
GTM lead
Risk assessment
Business plan risks — 5 mapped
Impact →
High
R1
R2
R4
Medium
R5
R3
Low
Low
Medium
High
Likelihood →
R1Screening adoption remains narrower than expected because clinician trust in broad routine screening stays limited. · Mediumlikelihood / Highimpact — Position around abnormal or concerning results already in workflow, not broad asymptomatic screening, and prioritize customers already deploying cognitive assessments.
R2Implementation and integration work make the product too services-heavy for venture-scale margins. · Mediumlikelihood / Highimpact — Keep the MVP low-integration, standardize on a narrow connector set, and delay deeper write-back until pilots prove ROI.
R3Assessment vendors extend far enough downstream that buyers prefer bundled care-plan or workflow modules. · Highlikelihood / Mediumimpact — Emphasize vendor neutrality, faster deployment across mixed-screen environments, and superior operational reporting on follow-up conversion.
R4No single budget owner feels enough economic urgency to fund production rollout after pilots. · Mediumlikelihood / Highimpact — Sell first into value-based senior-care operators where leakage, care-planning documentation, and specialty access already tie to operational and financial reviews.
R5Caregiver outreach and documentation workflows create safety or compliance concerns if over-automated. · Mediumlikelihood / Mediumimpact — Maintain clinician-controlled escalation rules, audit logs, and human review for high-risk cases until workflow performance is well characterized.
Risk
Likelihood
Impact
Mitigation
Screening adoption remains narrower than expected because clinician trust in broad routine screening stays limited.
Medium
High
Position around abnormal or concerning results already in workflow, not broad asymptomatic screening, and prioritize customers already deploying cognitive assessments.
Implementation and integration work make the product too services-heavy for venture-scale margins.
Medium
High
Keep the MVP low-integration, standardize on a narrow connector set, and delay deeper write-back until pilots prove ROI.
Assessment vendors extend far enough downstream that buyers prefer bundled care-plan or workflow modules.
High
Medium
Emphasize vendor neutrality, faster deployment across mixed-screen environments, and superior operational reporting on follow-up conversion.
No single budget owner feels enough economic urgency to fund production rollout after pilots.
Medium
High
Sell first into value-based senior-care operators where leakage, care-planning documentation, and specialty access already tie to operational and financial reviews.
Caregiver outreach and documentation workflows create safety or compliance concerns if over-automated.
Medium
Medium
Maintain clinician-controlled escalation rules, audit logs, and human review for high-risk cases until workflow performance is well characterized.
First customer
Title
VP Clinical Operations at a value-based senior care group
Profile
Runs referral operations for 15-30 clinics already performing cognitive screening in annual wellness workflows and is measured on leakage, documentation quality, and specialty access.
Trigger
Launch of a digital cognitive-screening program or a visible spike in abnormal results that exposes neurology delays, caregiver follow-up gaps, and incomplete referral packets.
Buyer
VP Clinical Operations or Chief Medical Officer
Initial contract
$30K-$70K paid pilot for 3-5 clinics over 90-120 days, converting to about $120K-$220K ARR plus pathway fees for a 15-30 clinic group if next-step scheduling time and leakage improve.
What must be true
A 3-5 clinic pilot must reduce median days from abnormal screen to scheduled next step by at least 30% within 120 days.
At least 50% of paid pilots must convert to production within 6 months of pilot completion.
The first implementation pattern must support 2 upstream screening inputs plus manual entry without custom work that drives gross margin below target.
Buyers must accept per-clinic plus usage-based pricing at levels consistent with six-figure annual contracts for multi-clinic groups.
The company must show that vendor-neutral follow-up orchestration wins even when assessment vendors already offer basic care-plan or reporting features.
Open diligence questions
What percentage of abnormal cognitive screens in the target ICP currently fail to convert into a scheduled next step within 30 days?
Which screening vendors and EHR stacks dominate the first 20 target accounts, and how reusable is the integration pattern?
Does the economic buyer fund this from operations, quality, or innovation budget, and what ROI threshold unlocks production rollout?
How much caregiver outreach and chart assembly can be automated before clinical teams feel safety or trust concerns?
In live evaluations, why does a buyer choose this layer over BrainCheck, Linus Health, internal referral teams, or existing EHR task workflows?
Investor verdict
Call
Watch
Conviction
Strong wedge clarity but only medium conviction until live pilots prove leakage reduction, budget ownership, and deployment speed.
Why believe
The startup targets a real bottleneck created by growing cognitive-screen adoption and aligns its first product with an operator-controlled workflow that incumbents still handle manually.
Why doubt
Assessment vendors, EHR workarounds, and service-heavy dementia programs could absorb enough of the pain that a standalone workflow layer never reaches durable ACV or margin.
Next diligence
Confirm with customer-owned pilot data that one 15-30 clinic senior-care group can cut abnormal-screen leakage and schedule next steps materially faster without a heavy integration project.
Section
Financial model
3-year totals
Year 1 revenue
$119KEBITDA $-750K · Cash EOP $1.75M
Year 2 revenue
$766KEBITDA $-833K · Cash EOP $917K
Year 3 revenue
$1.47MEBITDA $-627K · Cash EOP $291K
Unit economics
ARPU (annual)
$146K
Gross margin
70%
CAC
$70KPayback 8.2 months
LTV / CAC
8.1xLTV $570K
Funding ask
Round
pre-seed · $2.5M
Runway
24 months
Milestone
Reach 9 live clinic groups, prove one repeatable screening-to-export implementation pattern, and carry roughly six months of buffer into Y3 before a seed raise.
Model sanity
Revenue engine. Base-case Y3 revenue comes from 12 live clinic groups paying roughly $11K-$12.2K monthly after pilots convert into multi-clinic production contracts.
Must go right. Pilot-to-production conversion needs to stay near the plan's 50%+ target by M12-M18 or the revenue ramp will lag the fixed implementation-heavy cost base.
Model breaks if. If sales cycles slip by a quarter or gross margin stalls below 66%, downside cash turns negative before the company reaches a seed-ready proof point.
Next-round proof. A seed raise is justified once the company shows 9 live clinic groups, one repeatable integration pattern, and a channel-ready ROI story by the end of Y2.
Revenue, cash, and EBITDA — 12-month Y1 + 8-quarter Y2/Y3
Revenue (line, area)
Cash EOP (dashed)
EBITDA (bars, gray = loss)
Use of funds — $2.5M pre-seedHeadcount build by role — peak9 FTE
Founder/Exec
Engineering
Clinical Workflow
Implementation/Solutions
Sales/GTM
G&A/Ops
Year-3 scenarios — base / downside / upside
Y3 revenue
Y3 EBITDA
Cash low point
Description
Downside
$1.12M
-$910K
-$120K
Pilots close one quarter later, production conversions stay below the plan's 50% target, and gross margin tops out at 66% because implementation stays service-heavy.
Base
$1.47M
-$627K
$291K
Founder-led sales land three paid pilots in Y1, one converts to production by M12, and land-and-expand grows the customer base to 12 live clinic groups by Q4Y3.
Upside
$1.76M
-$430K
$430K
One channel partner starts sourcing qualified opportunities in H2Y2, pilot-to-production conversion beats plan, and the company adds two extra clinic groups in Y3 without meaningfully increasing headcount.
Sensitivity — Y3 cash and revenue impact, sorted by magnitude
Variable
Downside
Upside
Cash impact
Revenue impact
hiring pace
Two extra implementation/support hires are pulled forward into Y2 to cover custom work.
One noncritical operations hire slips two quarters because templates reduce manual load.
-$220K
-$60K
sales cycle
Pilot close timing slips by one quarter across Y1-Y2.
Partner intros shorten close timing by roughly two months.
-$210K
-$220K
CAC
CAC rises to $85K as procurement and clinical proof requirements lengthen.
CAC falls to $55K once referrals and partner-sourced leads appear.
-$180K
$0K
churn
Monthly churn runs at 2.5% because pilots do not expand reliably.
Monthly churn drops to 1.0% as expansion modules improve stickiness.
-$130K
-$90K
ARPU
Blended Y3 exit ARPU slips to $132K because buyers hold pricing near pilot levels.
Blended Y3 exit ARPU reaches $160K through more multi-clinic expansions and usage fees.
-$103K
-$147K
gross margin
Y3 gross margin caps at 66% because implementation work remains custom.
Y3 gross margin reaches 73% as support and deployment costs scale sublinearly.
-$59K
$0K
Scenarios
Scenario
Y3 revenue
Y3 EBITDA
Cash low point
Description
Key changes
Downside
$1.12M
$-910K
$-120K
Pilots close one quarter later, production conversions stay below the plan's 50% target, and gross margin tops out at 66% because implementation stays service-heavy.
First paid pilot shifts from M5 to M8.
Q4Y2 customer count lands at 7 instead of 9.
Y3 gross margin reaches 66% instead of 70%.
Base
$1.47M
$-627K
$291K
Founder-led sales land three paid pilots in Y1, one converts to production by M12, and land-and-expand grows the customer base to 12 live clinic groups by Q4Y3.
Three paid pilots close by M9 and one converts to production by M12.
Quarter-end customers reach 9 by Q4Y2 and 12 by Q4Y3.
Gross margin improves from 55% in Y1 to 70% in Y3 as implementation templates standardize.
Upside
$1.76M
$-430K
$430K
One channel partner starts sourcing qualified opportunities in H2Y2, pilot-to-production conversion beats plan, and the company adds two extra clinic groups in Y3 without meaningfully increasing headcount.
One partner channel contributes qualified pilots starting in H2Y2.
Q4Y3 customer count reaches 14 instead of 12.
Y3 gross margin improves to 72% through lower implementation drag.
Sensitivity
Variable
Downside
Base
Upside
ARPU
Blended Y3 exit ARPU slips to $132K because buyers hold pricing near pilot levels.
Blended Y3 exit ARPU reaches $146K per customer.
Blended Y3 exit ARPU reaches $160K through more multi-clinic expansions and usage fees.
CAC
CAC rises to $85K as procurement and clinical proof requirements lengthen.
CAC stays at $70K with founder-led selling and a narrow ICP.
CAC falls to $55K once referrals and partner-sourced leads appear.
churn
Monthly churn runs at 2.5% because pilots do not expand reliably.
Monthly churn holds at 1.5% after workflows embed in clinic operations.
Monthly churn drops to 1.0% as expansion modules improve stickiness.
sales cycle
Pilot close timing slips by one quarter across Y1-Y2.
Founder-led 4-6 month cycles convert into paid pilots on the modeled schedule.
Partner intros shorten close timing by roughly two months.
gross margin
Y3 gross margin caps at 66% because implementation work remains custom.
Y3 gross margin reaches the 70% target in the business plan.
Y3 gross margin reaches 73% as support and deployment costs scale sublinearly.
hiring pace
Two extra implementation/support hires are pulled forward into Y2 to cover custom work.
Hiring follows the lean sequence in A13 and ends Y3 at 9 FTE.
One noncritical operations hire slips two quarters because templates reduce manual load.
Key assumptions (17)
ID
Name
Value
Unit
Source
A1
Model start month
2026-06
YYYY-MM
[BP date] Model starts the month after the dated plan so the pre-seed cash is available before operating spend begins.
A2
Opening cash
2500.0
USDK
[BP fundingAsk targetFundingRangeUsd $2-4M] Base case uses a $2.5M pre-seed, near the lower-middle of the stated range, sized to reach the end-Y2 proof point plus buffer.
A3
Starting customers (M1)
0
count
[BP product MVP + milestones] The company starts pre-revenue and lands its first paid pilot only after the narrow workflow MVP is deployable.
A4
Y1 customer ramp
Three paid pilots by M9, with one converting to production economics by M12; active logos end Y1 at 3.
count/timing
[BP milestones 0-12 months + BP investorMemo.initialContract] Anchored to signing 3 paid pilots and converting at least 1 pilot account into a multi-clinic annual production contract inside the first 12 months.
[Research market.som + BP sequencingRationale] Growth remains land-and-expand rather than hypergrowth because implementation and clinician trust still constrain deployment pace.
A7
Pricing ladder
Paid pilot about $60K annualized MRR equivalent; Y2 blended realized ARPU about $128K; Y3 exit ARPU about $146K.
annualK per customer
[BP gtm.pricing + BP investorMemo.initialContract] Kept inside the plan's $120K-$220K production ARR range for a 15-30 clinic group, with pilots recognized at the low end.
A8
Revenue recognition method
Active customers in each month or quarter multiplied by a blended realized monthly ARPU.
formula
[BP gtm.pricing] This keeps revenue tied directly to customer counts while reflecting pilot-to-production mix shifts over time.
A9
Gross margin ramp
Y1 55%, Y2 64%, Y3 70%.
percent
[BP businessModel.targetGrossMarginPct 70] Early pilots carry more manual implementation and support cost; the model reaches the stated gross-margin target only once deployments are standardized in Y3.
A10
Steady-state CAC
70.0
USDK per customer
[BP gtm.funnelTargets + Research fiveForces.buyerPower] Healthcare enterprise sales and pilot conversion require a higher CAC than SMB SaaS; the model uses a still-lean founder-led enterprise-sales assumption.
A11
Monthly logo churn for unit economics
1.5
percent
[Startup-finance heuristic] Multi-site healthcare workflow software with annual contracts can underwrite low logo churn if the product is embedded in operations, but the wedge is still young.
[BP team + startup-finance heuristic] Uses lean U.S. health-tech cash compensation with payroll taxes and benefits already loaded.
A13
Hiring schedule
Clinical workflow lead active at M1; implementation hire M4; GTM lead M9; second engineer M15; second GTM hire M18; second implementation hire M27; G&A hire M33.
timing
[BP team + BP strategicChoices.sequencingRationale] Product and deployment capacity come before scale sales, with later hires added only after a repeatable clinic-cluster motion exists.
A14
Headcount endpoints
5 FTE by Q4Y1, 7 FTE by Q4Y2, 9 FTE by Q4Y3.
FTE
[BP team + BP milestones] Keeps the team lean enough for a pre-seed budget while supporting pilots, implementation templates, and measured expansion.
A15
Operating expense method
Department lines include payroll plus cloud, travel, implementation support, legal, and compliance overhead.
policy
[BP operations + Research adoptionFrictionMatrix] Reflects a workflow software company that still carries customer-specific implementation and trust-building costs.
A16
Cash flow simplification
Ending cash equals opening cash plus cumulative EBITDA.
formula
[Startup-finance heuristic] Assumes negligible capex, debt, taxes, and working-capital distortion for an asset-light SaaS workflow company.
A17
Funding sizing rule
Raise enough to reach the end-Y2 standardization milestone and retain roughly six months of buffer into Y3.
policy
[BP fundingAsk runwayMonths 18 + model requirement] The model extends the stated 18-month fundraising framing into a milestone-plus-buffer pre-seed raise.
Flags: The model assumes all three paid pilots land by M9 and at least one converts to production economics by M12; a one-quarter slip materially pressures cash. · Revenue per FTE stays below a typical SaaS benchmark because healthcare implementation, caregiver-workflow design, and customer proof still require a meaningful services component. · Gross margin only reaches the business-plan target in Y3, so deeper-than-modeled EHR customization or support intensity would likely delay the next round.
Section
Top risks
Clinical validation dependency. If digital cognitive screens do not gain broader clinical trust, downstream workflow demand could stay niche. Mitigation: Start with customers already deploying screening and position the product as vendor-agnostic infrastructure rather than a new diagnostic claim.
Slow healthcare integrations. EHR and referral-system integration can stretch sales cycles and delay time to value. Mitigation: Launch with lightweight intake, scheduling, and document-generation workflows first, then deepen integrations after measurable conversion gains.
Unclear reimbursement owner. Clinics may agree the workflow pain is real but hesitate if savings or revenue capture are not obvious to one budget holder. Mitigation: Sell first into value-based senior-care groups and research programs where reduced leakage and increased trial throughput have a visible economic owner.
Journal of the American Board of Family Medicine. Failure to Close Diagnostic Loops: Patient Experiences of Delayed or Incomplete Diagnostic Referrals · https://www.jabfm.org/content/38/1/139