# Sunwave Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sunwave-health

- Industry: Healthcare IT
- Headquarters: Delray Beach, US
- Website: www.sunwavehealth.com
- Total disclosed funding: $6M
- Latest round: Series A (May 2, 2019)
- Investors on record: 1

## About

Sunwave Health, Inc. is a technology company offering a comprehensive platform for behavioral health providers, enhancing efficiency and compliance through integrated solutions like EMR, CRM, and telehealth services.Founded in 2014 and headquartered in Delray Beach, US, Sunwave Health, Inc. specializes in developing software solutions for behavioral health management. The company was established by Elie Levy, who also serves as CEO. In June 2021, Sunwave Health raised USD 6.00 mn in a Series A funding round led by Blueprint Equity, marking a significant milestone in its growth strategy. To date, the company has completed 2 deals.Sunwave Health offers a comprehensive all-in-one platform designed specifically for behavioral health providers, integrating key functionalities such as electronic medical records (EMR), customer relationship management (CRM), revenue cycle management (RCM), and telehealth solutions. The platform is enhanced by built-in artificial intelligence (AI) features, enabling users to achieve unparalleled efficiency and real-time insights. Sunwave’s core solutions address critical operational challenges faced by behavioral health and substance use disorder (SUD) treatment centers, facilitating seamless data connection and accessibility for clinicians. Notable components include the Mental-Health Artificial Reasoning Agent (MARA), which streamlines documentation processes and outreach efforts, launched in October 2023. The company's clientele includes behavioral health providers, medication-assisted treatment clinics, and substance abuse centers, primarily serving markets across the United States and Canada, ensuring that care delivery is optimized and compliance is maintained.Sunwave Health generates revenue primarily through subscription-based pricing models for its software platform. Clients engage in annual subscriptions that provide access to the comprehensive suite of tools designed for behavioral health management, including EMR, CRM, RCM, and telehealth services. The structure of transactions is oriented towards business-to-business (B2B) relationships, where treatment centers and health providers subscribe to Sunwave’s services to enhance operational efficiency and patient care outcomes. Specific pricing plans are tailored to the needs of the client, with varying levels of service and functionalities included in the subscription. The platform's flagship offering, which integrates documentation, billing, and patient engagement functionalities, empowers providers to maintain compliance and achieve better patient outcomes, making it an essential tool for modern behavioral health practices.Sunwave Health plans to utilize the funding raised in June 2021 to expand its product development, engineering, and customer service teams while enhancing sales and marketing efforts. The company aims to develop new products that further support behavioral health providers, with a particular focus on innovations in AI and telehealth. Additionally, there are plans to expand into new markets, specifically targeting healthcare providers in the United States and Canada by the end of 2024.

## Funding rounds

- Series A, May 2, 2019, $6M — Blueprint Equity

## Investors

- Blueprint Equity (https://capitalatlas.ai/funds/blueprint-equity) — Series A