Shift to per member pricing
“our pricing model has shifted from our last discussion predominantly to a per member per month model.”
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How Reveleer Doubled Revenue From $25M to $51M With Acquisitions and DebtJay Ackerman explains Reveleer's move to per member per month pricing, two acquisitions, and a debt facility from Hercules.
Jay Ackerman · Reveleer
Published March 19, 2024Explore the lesson. Sign in to access the resource library.
Jay Ackerman, CEO of Reveleer, explains how the healthcare data and analytics company moved to per member per month pricing and grew from about 30 customers in 2019 to about 80. He covers two acquisitions and the integration playbook behind them, revenue that doubled from $25M in 2022 to $51M in 2023, and a $65M debt facility from Hercules meant to fund more acquisitions.
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“our pricing model has shifted from our last discussion predominantly to a per member per month model.”
“we're approximately 80, Yeah, 80 customers from 30. And our average contract values continued to grow to where we're approaching 900,000 annual contract value per customer.”
“I think what's most important is the product. You gotta have product fit. You can't do it for financial engineering purposes.”
“Like day one, finance and HR were integrated. Sales and marketing was the next stream to integrate. Then we had kind of a slower roll around product and technology.”
“Now that our business is generating cash, and we have really good understanding of the unit economics of our business, We wanted to raise a debt facility to support M and A.”
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President & CEO of Reveleer, a SaaS platform empowering healthcare companies to manage quality and compliance programs.
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