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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. 

🛞 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.

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

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

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

Health tech deals

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 <a class="gtmContentClick" data-vars-link-text="unpredictable schedules can hurt" data-vars-click-url="https://ldi.upenn.edu/our-work/research-updates/home-health-care-workforce-not-keeping-up-with-community-needs/" data-vars-content-id="bafb5d79-9207-44bd-bcf8-55dc3d4e7ba6" data-vars-headline="Exclusive: Axle Health raises $4.2M to manage home health workforces" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://ldi.upenn.edu/our-work/research-updates/home-health-care-workforce-not-keeping-up-with-community-needs/" target="_blank">unpredictable schedules can hurt</a> provider recruitment and retention.

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

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