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Exclusive: Axle Health raises $4.2M to manage home health workforces

Illustration of a shadow cast over a home with a red cross for a door

Illustration: Sarah Grillo/Axios

Axle Health, a home health scheduling management software company, raised a $4.2 million seed round, CEO Adam Stansell tells Axios exclusively.

Why it matters: Home health is grappling with a labor shortage, and unpredictable schedules can hurt provider recruitment and retention.

Details: Pear led an initial tranche of the seed round, with a second tranche led by Trac VC.

  • Los Angeles-based Axle was part of Y Combinator accelerator's 2021 cohort.

How it works: Founded in 2020, Axle helps health care providers coordinate in-home health care visits, offering a patient- and clinician-facing dashboard for communication and scheduling.

  • Using Axle, providers can manage appointment availability and routing clinicians to appropriate homes efficiently and quickly.
  • Clinicians can use the software to manage their visit schedule, communicate with patients, and track GPS location and mileage.

Flashback: Axle's launch dovetailed with soaring demand for telehealth during the COVID-19 pandemic, with an initial focus on D2C at-home diagnostics.

  • "Our initial product in 2021 during peak pandemic was focused on in-home COVID testing," Stansell says.
  • Stansell declined to disclose current financials.

Yes, but: As the pandemic faded, the company had to evolve its model to become a software-as-a-service offering for home health providers, Stansell says.

Between the lines: The pivot to SaaS is generally something investors are more excited about, says Pear Ventures partner Vivien Ho.

  • "In this environment, it's more important to have good margins and be profitable, while having a more scalable product," she says.
  • Axle surpassed $1 million in ARR in the first 12 months after launching the new SaaS product, the company says.

What's next: "We want to get integrated with as many EMRs as we can," Stansell says.

  • Axle's platform is currently integrated with Epic and Athenahealth.
  • The company also wants to add AI scheduling and chatbot capabilities to its platform, he adds.

ğŸ›ž 1 fun thing: The company's name is a reference to a car axle.

  • "Axle is the core mechanical component of movement — and there is movement away from the hospital and into the home," Stansell says.
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