EMOL: Case Study, Founding Team, Revenue, Competitors, Funding, and Many More


EMOL
EMOL: Case Study, Founding Team, Revenue, Competitors, Funding, and Many More
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Introduction:

Instead of using counselors or physicians, EMOL is an app that uses AI to handle mental health-related difficulties. Through the app store, it has added 300,000 users. Users may obtain straightforward counseling, coaching, and conversation based on ACT and CBT by conversing with “Roku,” the support AI (Acceptance and Commitment Therapy).

In order to give comprehensive assistance for mental self-care, it also contains lifetime features like monitoring emotions and sleep time. The program is user-friendly and efficient and was created using data from research conducted in collaboration with Waseda University.

Company Highlights:

Company NameEMOL
HeadquarterRoyal Oak, Michigan, United States
IndustryHospital & Health Care
Founded2006
FounderBrian Decker
Websitehttps://learnmore.emolhealth.com/

EMOL About:

EMOL Website image

EMOL Website (Image Source: learnmore.emolhealth.com)

It creates applications for mental well-being that are powered by artificial intelligence (AI). It provides chatbots that are coupled with artificial intelligence and digital healthcare solutions. It creates a variety of digital self-care programs for parents, students, and others to address their mental health needs. The business is headquartered in Royal Oak, Michigan in the United States, and was established in 2006.

Industry:

Hospital & Health Care is the sector in which EMOL Health operates. A set of products called Patient Reporting & Educational Systems (PRES) was first developed by EMOL Health in 2009. To increase compliance, manage side effects, manage symptoms, decrease patient hospitalizations, conduct patient surveys, and gather patient-reported outcomes, all PRES systems offer personalized patient care and interface with the patients directly via the Internet, phone, SMS text, tablet, and/or mobile device.

The solutions are multilingual and entirely database-driven, allowing for maximum scalability and customizability from the level of the individual patient up to the hospital.

Founder & Team:

Brian Decker established Electronic Medical Office Logistics (EMOL Health) LLC in 2006. Brian was aware of the necessity of compliance, the value of information, and the general inefficiency of the present arrangements for electronic medical records.

EMOL Founder image

EMOL Founder (Image Source: learnmore.emolhealth.com)

Startup Story:

Brian Decker launched EMOL Health in 2006. The primary goal of it is to support private practice doctors through data gathering, advising, and a unique interface.

Currently, it gathers health data to perform benchmarking at the physician and practice levels, assess compliance with national standards, support medical research studies, streamline national programs like the CMS PQRI and the Quality Oncology Practice Initiative (QOPI), provide data for pay for performance (P4P) measures, and broker patient-level health data.

Additionally, we provide unique interfaces for and amongst medical products including EMR, PM, lab systems, and inventory management.

A set of products called Patient Reporting & Educational Systems (PRES) was first developed by EMOL Health in 2009. To increase compliance, manage side effects, manage symptoms, decrease patient hospitalizations, conduct patient surveys, and gather patient-reported outcomes, all PRES systems offer personalised patient care and interface with the patients directly via the Internet, phone, SMS txt, tablet, and/or mobile device.

The solutions are multilingual and entirely database-driven, allowing for maximum scalability and customizability from the level of the individual patient up to the hospital.

Mission & Vision:

One of EMOL Health’s main areas of focus is data warehousing and aggregation, which is beneficial to many different organizations in the healthcare sector, such as oncologists, pharmaceutical companies, and government and non-government third-party payers.

This is because the data is essential for determining treatment compliance, developing market strategies for pharmaceutical agents, performing cost-benefit analyses, and conducting clinical research studies. OWL is the name of this warehouse.

Business Model:

Where there are gaps in the present-day medical records can be found, according to EMOL Health. Patients still require examination and proactive contacts in between clinical sessions with their doctors. What takes place in the intervals between patient appointments offers important information.

In order to address this, it created and released the PRES platform in 2009. Along with provider offices, at-home healthcare facilities employ PRES to closely monitor and comprehend patients. It has also been used to reach out to populations that are at danger.

With the aim of delivering electronic solutions for medical information services, EMOL Health also offers IT advice, creates bespoke interfaces, and creates national standard compliance tools in addition to our OWL and PRES platforms.

Revenue Model:

EMOL is a Private company. It generates $1M in revenue per employee

Products & Services:

It is an app that solves mental health-related problems.

EMOL Products & Services image

EMOL Products & Services (Image Source: learnmore.emolhealth.com)

Funding & Investors:

  • Over three rounds, it has raised $180,000.
  • The most recent round of investment for EMOL was a Seed VC – II on January 25, 2023.
  • F Ventures, MIRAISE, Mizuho Capital, The Independents Angel, G-STARTUP, and nine other companies have invested in EMOL.
  • There are no angel investors in it.
  • F Ventures and Kips are two of the two institutional investors in EMOL.

Employees:

There are 9 employees.

Challenges Faced:

There have been no proper data published.

Acquisitions:

There have been no acquisitions found related to EMOL.

Growth:

There is no data of it.

Partners:

  • The National Cancer Care Alliance and EMOL Health are excited to announce a new relationship (NCCA).

Competitors:

Major competitors of EMOL are:

  • Woebot Health.
  • Opa MIND.
  • Kai Ai.
  • Naluri.
  • Wysa.
  • Intellect.

Awards & Achievements:

There is no data of it.

Future Plan:

The National Cancer Care Alliance and EMOL Health are excited to announce a new relationship (NCCA). The NCCA is a developing national network of independent oncology providers. NCCA members define and provide high-quality, high-value healthcare via collaboration, the exchange of best practices, economies of scale, and a team care approach.

In order to establish a consolidated data warehouse for its member practices, NCCA will make use of the EMOL Health OWL system. Additionally, NCCA Members will have access to EMOL Health OWL Web Tools that will support additional NCCA activities as well as the expansion of clinical trial participation.

FAQs :

What does EMOL do?

The business has created mental health software that employs AI chatbots to assist users in controlling their feelings and emotions. Additionally, it provides cognitive behavioral therapy-based self-care programs to aid employees in managing their mental health.

When was EMOL founded?

It was founded in 2006.

Who is the founder of EMOL Corporation?

It was founded by Brian Decker.

Who is the CEO of EMOL Corporation?

Brian Decker is the CEO.

Who are the main competitors of EMOL?

Major competitors of EMOL are:

  • Woebot Health.
  • Opa MIND.
  • Kai Ai.
  • Naluri.
  • Wysa.
  • Intellect.

What is the use of Emol tablet?

Emol 650mg Tablet helps relieve pain and fever by blocking the release of certain chemical messengers responsible for fever and pain. It is used to treat headaches, migraine, toothaches, sore throats, period (menstrual) pains, arthritis, muscle aches, and the common cold.

Can you crush extended release tablets?

Sustained-release drugs also should not be crushed or chewed before swallowing because doing so will cause the dangerously rapid absorption of a large dose that was intended to be released slowly over many hours.

What happens if you accidentally bite a pill?

For a number of reasons some tablets shouldn’t be crushed or chewed. Most importantly, doing so may result in dose dumping; this is when the body very quickly absorbs a large amount of a drug. One consequence of dose dumping is an overdose of the drug, which can lead to death.

Can we use half tablet?

Yes. Many medications, such as cholesterol medications and medications prescribed for depression, can be cut in half. As a general rule, if the tablet has a score mark or groove down the middle, it can be split in half. Be sure to talk to your pharmacist before breaking your pills in half.

Can you dissolve a pill in water and drink it?

You can simply place an ODT medication in your mouth and wait for it to dissolve before swallowing. Tablets: You can dissolve some tablets in liquids like water before taking them. And if you prefer, some medications can be cut in half along a scored line to make them smaller and easier to take.

Conclusion:

Creator of a mental health app that tracks emotions and works to enhance each person’s mental condition. The EMOL business’s app uses artificial intelligence to assess mental tendencies and provides straightforward coaching, counseling, and conversation based on cognitive behavioral therapy and acceptance and commitment therapy, allowing users to get rid of everyday haze and enhance their mental health.


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Disclaimer -We have collected this information from our direct sources, various trustworthy sources on the internet and the facts have been checked manually and verified by our in-house team.