Asserta Health on StartEngine 2022

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Security Type

Equity – Common

Pre-Money Valuation

$22,078,676

Reporting Date

07/02/2022

Likelihood of Max

unlikely

Momentum

cool.svg

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Location

South Jordan, Utah

Industry

Healthcare & Pharmaceuticals

Asserta Health, with a valuation of $22.1 million, is raising funds on StartEngine. The company has built a healthcare payment utility that helps people with insurance to pay at the time healthcare is delivered without the need for claims later. The payment infrastructure of Asserta Health, medEcash, enables patients and employers to know the price of healthcare in advance and pay the providers in real time without the hassles of claims and billing. Korb Matosich founded Asserta Health in September 2014. The current crowdfunding campaign has a minimum target of $9,993.15 and a maximum target of $1,069,998.45. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Revenue

$2,154,699

$1,349,491

COGS

$1,096,928

$544,166

Tax

$0

$0

 

 

Net Income

$-134,097

$-145,711

Summary Balance Sheet

Cash

$725,655

$580,980

Accounts Receivable

$35,701

$17,309

Total Assets

$773,978

$607,819

Short-Term Debt

$406,824

$737,090

Long-Term Debt

$412,045

$442,550

Total Liabilities

$818,869

$1,179,640

Financials as of: 07/01/2022

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