Based in Charlotte, North Carolina somnoware, which offers a software system for managing sleep, raised $ 9 million in a funding round led by TransLink Capital with the participation of World Innovation Lab (WiL) as well as existing investors.
Subath Kamalasan, CEO of Somnoware, founded the company in 2011. Prior to founding Somnoware, Kamalasan managed several sleep centers. He realized that creating a system that collects data from health devices and connects providers would benefit the field of sleep medicine.
Somnoware’s system makes it easy to track and share a patient with sleep disorder data with all stakeholders in the patient’s health including healthcare systems, EMR companies, payers, sleep centers independent and sleep service companies.
Patients can use Somnoware to integrate connected sleep trackers, track their own sleep data, and receive health-related reminders and alerts. Doctors are able to manage a number of tasks using Somnoware, including centralizing schedules for in-patient and home tests, generating a CPAP command from the patient profile, viewing prescription updates, updating patient demographics, adding insurance information and tracking pre-authorization details for studies.
The price per residential study is $ 9 for organizations that are part of Welltrinsic, a national network of connected sleep physicians, or $ 11 if they are not. The price for home sleep tests per study is $ 7 for Welltrinsic members and $ 8 if they are not. Somnoware also offers corporate rates.
The company’s software is already used by 1,500 physicians in 42 states. Some organizations that use Somnoware already include Carolinas HealthCare, Advocate Health Care, Delaware Sleep Disorders Center, Emerald Sleep Services, REM Sleep Center, and Sunset Sleep Labs.