Adelaide startup Splose has raised $1 million as it eyes of international expansion for its healthcare practice management platform.
Launched in 2018 as a website developer specialising in the needs of Allied Health professionals, Splose quickly identified the challenges providers faced while trying to support participants and manage their obligations under the NDIS.
The startup then developed intuitive software to automate practice management, replacing the decade-old software used by many providers in the market. Splose’s functions include invoicing automation with Xero, online forms and service agreements, progress note and report writing tools, scheduling supports, provider travel functionality and more.
The South Australian government chipped in $100,000 to develop the concep. Splose subsequently quadrupled its market share within 12 months and is projected to have 10,000 monthly active users by the end of 2023. The business now has 10 staff operating from Stone & Chalk at Lot Fourteen.
Nicholas Sanderson founded Splose while studying at the University of Adelaide, saying he wanted to focus on the parts of the NDIS it can address, such as reducing wait times for support, as well as boosting cash flow so providers can bring on more practitioners.
Splose saves a practice 10 hours a week on average in administration, equating to around $30,000 a year.
“Participants often spend months waiting to get approved into the NDIS. When participants get approved, we help providers streamline the process with automated online service agreement templates and case management tools to accurately allocate and maximise NDIS funding over the plan,” he said.
“Improving provider cash flow is imperative to retain staff and support participants, so developing batch invoicing capabilities and automating bulk payment requests to the NDIA are some of our critical features.”
On the Startup Daily show, Sanderson said the cash injection will give the enough runway for the next 18 months as the business begins to focus on its global strategy alongside supporting the NDIS.
SA Industry, Innovation and Science minister Dr Susan Close said Splose identified a key gap in the market.
“Their product is set to simplify the administrative burden for both healthcare providers and patients receiving care,” she said.
“I congratulate Splose and company founder Nicholas Sanderson on their vision to create better systems for people receiving allied health and disability support services and for driving social and economic outcomes.”
Geelong Neuro Centre in Victoria is a fan. Operations Manager Adam Coulter said it was an ultra-efficient, reliable and effective software platform for their business.
“The ability to easily track cases for each client in Splose has enabled our clients, support coordinators, planners and team members to have up-to-date data relating to funding,” he said.
“The cases paired with the ability to batch invoice clients’ services over a block of time have been well received by clients, particularly Self-managed or private clients. It makes the paperwork they do at home with claims much easier to handle.”
Stone & Chalk Group CEO Michael Bromley said the NDIS supports more than 500,000 Australians with permanent and significant disabilities and is set grow by more than $4.5 billion over the next four years to $44.6 billion.
“By creating automation workflows and industry-specific features that improve getting paid and reducing waitlists, Splose will empower NDIS providers who use their software to support more people living with a disability and ultimately create efficiencies within the NDIS to make it sustainable into the future,” he said.