As a valued member of our Alethea physician community, we are excited to share an exclusive investment opportunity with you. We are offering physicians using the platform the chance to benefit from our exciting growth by investing in Alethea.
Alethea is a physician-founded company. Our rapid growth reflects our commitment to build and maintain a high-quality platform, offering comprehensive solutions for physicians.
Annually, over 14 million referrals are performed in Canada. We have found that 73% of these cases could be better served as eConsults that are managed more quickly at the point of care. This outcome not only reduces patient suffering and wait times, but also healthcare costs.
Alethea reduces patient wait times by over 50%. eConsults providing specialists with structured data and digital diagnostics assist in triaging patients more effectively. eConsults through Alethea have been used to identify many life threatening conditions, ensuring patients receive the urgent care that may have not been possible through traditional referral channels.
As a business, Alethea is growing an impressive 10% month-over-month. Since January, revenue has already increased over 50%. With almost 500 MDs using our platform and over 800 expected by the end of the year, we are excited about our future.
Over the past 3.5 years we have dedicated significant resources to de-risking our business. Today, we are seeking capital to turbocharge our growth. Our goal is to broaden our business in Alberta and expand our programs in BC and Ontario. We are also eager to roll out what we are calling ‘Alethea 2.0’.
Alethea 2.0 will extend our eConsult pathways into eReferrals, enhancing the patient-specialist journey with the help of our platform and AI technology. Patients requiring referrals are often stuck in an outdated system with a lack of transparency and trackability. Our enhancements will resolve these issues and help us support the Alberta Surgical Initiative (ASI), which is the top priority for AHS.
Armed with capital, new features, and our accelerating growth, we anticipate a fivefold increase to our revenue over the next 2-3 years. This success would quintuple your investment.