Sleep Management Systems Inc. Somnware Receives $9 Million in Financing

Somnware, of Charlotte, North Carolina, is a company that develops sleep management systems and has raised $9 million. The round of financing was led by TransLink Capital.

Sleep Management Systems Inc. Somnware Receives $9 Million in Financing

Company CEO Subath Kamalasan founded the company in 2011. Set up company money Subath Kamalasan has managed multiple sleep centers. He realized that he should create a system phone with data from health devices and link to a service provider dedicated to sleep medicine .

Somnoware's system makes it easier to track and share data on patients with sleep disorders, including medical systems, DME companies, payers, independent sleep centers, and sleep services companies.

Patients use the Somnoware system to connect to sleep tracking devices, maximizing their own sleep data while receiving health-related alerts and alerts. Doctors can use Somnoware to manage multiple tasks, including centralizing home and institutional testing schedules, generating CPAP sequences of patient profile information, reviewing prescription updates, upgrading patient statistics, adding insurance information, and keeping track of research pre-authorization details, etc. .

The institutional price of the product is $9 per member of the Welltrinsic organization, and the sleep doctors outside the organization that connect to the national network are priced at $11. Welltrinsic members have a home test fee of $7 and an organization outside $8. Somnware also offers an enterprise version.

The company's software is currently used by 1,500 doctors in 42 states. Some organizations also use Somnware software, including Carolina Medical Center, Advocate Medical, Delaware Sleep Disorders Center, Emerald Sleep Service, REM Sleep Center and Sunset Sleep Lab.

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