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After growing 150 times in three years, Conexa targets cash generation

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Goal will ensure the company's sustainability and leadership in the digital health sector; since 2017, the company has received more than R$300 million in investments 

Conexa, the largest digital ecosystem in Latin America, multiplied its revenue by 150 times from the beginning of the pandemic (March 2020) until the end of 2022. The goal from now on, with the increase in revenue, is to make the startup even more sustainable, increasing cash generation so that the company can definitively consolidate its leadership in the national digital health market. 

 

For 2023, the healthtech is already projecting organic revenue growth of around 50%. “Our sustainability in the market can help drive a new care model for the country, with integrated digital solutions focused on preventive emotional and physical health,” said Guilherme Weigert, CEO and co-founder of Conexa. “Another challenge is to get the patient to engage and have a healthier lifestyle; body and mind must be treated together,” he added. 

 

Conexa is a digital company focused on healthcare that offers online consultations (emergency care, scheduled consultations in over 30 specialties, psychologists and nutritionists). In addition to telehealth, longitudinal health programs have been developed to address issues in a multidisciplinary manner and throughout the patient's life. Supporting all these services, the company works heavily with data intelligence and medical expertise. 

 

From 2017 (the year it was founded) to 2022, the startup received investments of more than R$300 million, which were directed towards technology, product and workforce with the aim of expanding its solutions.  

 

Conexa has data management and protocols that enable customers to make the best decisions to manage their population's health. “This will change the way companies do healthcare in the long term, with the creation of a structure that relieves the burden on the system as a whole,” said Conexa's CEO.  

 

The high demand from people for clinics and hospitals has caused an increase in the crisis in the supplementary health system. The National Supplementary Health Agency (ANS) recorded an operating loss of R$11.5 billion in the sector in 2022. This amount directly impacted the adjustments of health plans. 

 

“Digital health can be one of the solutions to alleviate this crisis,” said Weigert. “More than 90% of the people who go to Conexa’s Virtual Emergency Care, for example, do not need in-person care, which helps reduce consultation costs by up to 80%,” he added. 

 

Internal company studies also show that people who try online consultations create a habit and return for this type of service. “Our work is recognized for its high quality, with an NPS (satisfaction index) above 90,” says Weigert. 

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