Seed Round Now Open · 2026

The Clinical Power of a
$100M System.
At a Price That Makes Sense.

VistA Evolved delivers the full clinical depth of U.S. federal enterprise healthcare software — battle-tested over 40+ years, deployed across entire national health systems — as a simple monthly subscription that any clinic or hospital can afford. From a solo practitioner to a 300-bed hospital, this is enterprise features at ground-level pricing.

The Opportunity at a Glance
Global Healthcare IT (2026)$329B
Projected by 2030 (15.2% CAGR)$839.7B
Philippines eHealth by 2033$10.8B
US Rural Hospitals Underserved3,000+
PH Clinics & Hospitals Without EHR~5,000+
VistA Evolved Upfront Cost₱0
"The same clinical intelligence that runs 170+ VA hospitals — now available to every clinic and hospital in the world, for less than a nurse's monthly salary."
🇵🇭
Primary Market — Philippines

1,700+ Hospitals. 5,000+ Clinics. A Government Mandate. No Affordable Answer.

The Philippine DOH Digital Health Strategy 2024–2028 and Universal Healthcare Act legally require EHR adoption across every hospital, rural health unit, and clinic. The problem: every available solution is either too expensive, too limited, or not locally compliant. VistA Evolved is the first platform to solve all three simultaneously — for hospitals and clinics alike.

$4.1BPH Health IT by 2030
14.1%CAGR
16%eHealth CAGR
🇺🇸
Co-Primary Market — USA Rural & Community

3,000+ US Hospitals and Tens of Thousands of Clinics Priced Out of Epic. Today.

Epic controls 42.3% of US acute-care hospitals. But it has a hard price floor: small hospitals, rural health clinics, and independent practices simply cannot absorb $500K–$200M+ in implementation costs. New physicians entering practice are also actively seeking affordable alternatives with modern UX, better workflows, and no multi-million-dollar commitment. VistA Evolved fills exactly that gap — with credentials no other affordable platform can match.

3,000+Rural Hospitals
$35B+US Small Facility TAM
42.3%Epic Market Share Ceiling
Why the Gap Exists

The Healthcare Technology Crisis
Is a Price Problem, Not a Technology Problem

Clinics want to modernize. Hospitals want connected records. Doctors want to spend more time with patients and less time on paperwork. Patients deserve portable health histories. The only barrier has always been cost — and that barrier ends here.

$200M+

What Large Health Systems Pay for Epic

Northwell Health's Epic rollout: $1.2 billion. AdventHealth: $660 million. Trinity Health (101 hospitals): $800 million. A 300-bed hospital typically faces $5M–$50M. A small clinic is looking at $500K–$1.5M. The software is world-class. The price locks out 90% of the world's healthcare facilities.

80%

Of the World's Clinics and Hospitals Still Don't Have Real EHR

In low-to-middle income countries, EHR adoption remains at an early or pilot stage for the vast majority of facilities — not because of lack of interest, but lack of affordable options. The WHO identifies this as a critical barrier to universal healthcare goals by 2030.

35%

Claim Rejection Rate Bleeding Clinic and Hospital Revenue

Philippine facilities using manual billing face 30–40% PhilHealth claim rejection rates. In the US, manual billing denials cost hospitals and clinics billions annually. Automated, AI-driven billing intelligence — standard in VistA Evolved — cuts this to under 5% in comparable deployments.

50%

Of a Physician's Day Is Spent on Paperwork, Not Patients

Doctors in paper-based or fragmented digital environments spend more than half their working hours on documentation, administrative tasks, and billing — not care. AI voice documentation, automated notes, and intelligent workflows give that time back. Burnout drops. Staff stay. Outcomes improve.

Zero

Patient Health Records Are Portable Nowhere

When a patient visits a different clinic or hospital, their history starts over. No medication lists. No allergies. No imaging. No prior diagnoses. This causes preventable harm every single day — and it is entirely fixable with the right platform and interoperability standards.

2024

Governments Are Mandating EHR With No Affordable Pathway

The Philippines DOH, Indonesia Ministry of Health, India's Ayushman Bharat Mission, and dozens of national governments have issued active EHR mandates. Clinics and hospitals face compliance deadlines. No affordable, locally compliant, clinically complete solution exists yet. That regulatory urgency is our business tailwind.

The Platform

We Kept the Brain.
We Built a Completely New Body.

The Foundation: 40+ Years of U.S. Federal Clinical Intelligence

The U.S. Department of Veterans Affairs' VistA system (Veterans Health Information Systems and Technology Architecture) has run 170+ VA medical centers and thousands of outpatient clinics since the late 1970s — the largest integrated healthcare delivery network in the United States. It earned the Computerworld Smithsonian Award for best use of Information Technology in Medicine and received the highest overall physician satisfaction rating of any EHR in the U.S. (KLAS Research). Under the Freedom of Information Act (FOIA), the complete VistA system — all clinical logic, drug databases, and 500–600 annual government-funded updates — is released as public domain software available to anyone. Epic's own clinical architecture descends from the same MUMPS/GT.M lineage.

Veterans Health Information Systems and Technology Architecture

Official U.S. Department of Veterans Affairs · YouTube

🎬 VA VistA — The Clinical System Behind VistA Evolved Watch on YouTube →
Proven at National Scale — The Whole Country of Jordan Uses VistA

The Kingdom of Jordan deployed VistA as its national healthcare information system — the Hakeem project, implemented by Perot Systems (later acquired by Dell) — connecting hospitals and clinics across the entire country. VistA has also been deployed in Mexico, Egypt, Finland, Germany, Kenya, Nigeria, India, Malaysia, and dozens more countries. It is not a prototype. It is the most globally proven open-domain clinical platform in existence.

The Gap Nobody Filled — Until Now

Despite being freely available and clinically proven, VistA is rarely adopted outside the VA. The reason is straightforward: the software alone is not enough. Clinics and hospitals need professional implementation, local compliance certification, data localization, staff training, security patching, ongoing updates, and reliable 24/7 vendor support. The handful of organizations offering VistA services globally are scattered, fragmented, and have no commercial delivery model. There is no unified vendor. No branded SaaS product. No modern user interface. That gap is the business — and VistA Evolved closes it. We take 40 years of proven clinical intelligence, give it a modern cloud body with AI capabilities, and deliver it through a subscription any clinic or hospital can justify.

🧠
AI-Native from Day One
Voice documentation, clinical decision support, automated billing coding, predictive deterioration alerts, and diagnostic assistance — embedded in every workflow at every tier, from solo clinic to large hospital.
☁️
True Cloud SaaS — Zero Infrastructure Required
Clinics and hospitals subscribe monthly and are operational in days. No servers to buy. No IT team required. Automatic security updates, encrypted backups, and guaranteed uptime SLA — all included.
🌐
50+ Languages with Medically Precise AI Translation
The full platform — clinical notes, patient portal, billing, reports — renders in 50+ languages including Filipino, Cebuano, Bahasa Indonesia, Hindi, Arabic, Swahili, Spanish, French, and more. Medical terminology translated with clinical precision, not consumer approximation.
🔌
Open Standards: HL7 FHIR R4 Interoperability
Connect to any lab system, insurance platform, government health exchange, imaging device, or third-party app through globally recognized standards. No vendor lock-in for our customers, ever.
🔓
Open Source Core — Commercial Enterprise Layer
The clinical core is on GitHub. Revenue comes from managed cloud hosting, AI modules, local compliance certifications, enterprise support, and dedicated customer success. The Red Hat model — applied to global healthcare for the first time at this scale.

Complete Module Coverage — Every Tier

📋
Full EHR/EMR
Patient charts, clinical notes, order sets
💊
Pharmacy & Drug Safety
Dispensing, interactions, e-prescribing
🧪
Lab & Radiology
Orders, DICOM/PACS, result routing
💳
Revenue Cycle
Billing, eClaims, denial management
🛏
Bed Management
Census, ADT, occupancy intelligence
📅
Scheduling
Appointments, queue management, reminders
📦
Supply Chain
Inventory, expiry tracking, auto-reorder
📊
Analytics
Live dashboards, outcomes reporting, KPIs
📱
Patient App
Records, bookings, results, e-prescriptions
📹
Telemedicine
Native video consult, async messaging
🏛
Multi-Facility
Clinic chains, networks, government clusters
🤖
AI Suite
Voice notes, CDS, predictive early warning
Designed for Every Scale

From Solo Clinic to National Hospital Network.
One Platform. Priced for Reality.

Enterprise-class clinical software — the same depth used in U.S. federal hospitals and entire national healthcare systems — available at a price point that competes with the most basic clinic management tools on the market. All tiers include ₱0 upfront, immediate cloud access, full DOH/PhilHealth compliance, and dedicated onboarding support.

Solo / Micro
1–3 providers
Starter Clinic
₱3,000–₱8,000 per month · SaaS ₱0 upfront · cancel anytime
Full EMR / patient records
PhilHealth eClaims integration
Patient booking & reminders
E-prescriptions
Basic AI billing assistance
DOH compliance ready
Compare: HYBrain/CloudMD charges ₱1.5K–₱8K/mo for scheduling-only tools with no EHR, no AI, no compliance. VistA Evolved Starter includes full clinical records for the same price.
Small Clinic
3–15 providers
Professional Clinic
₱8,000–₱30,000 per month · SaaS ₱0 upfront · cancel anytime
Everything in Starter
AI voice documentation
Lab & pharmacy integration
Patient portal mobile app
Telemedicine (video consult)
Analytics dashboard
Compare: MEDtrix charges ₱300K–₱2M upfront then ₱10K–₱40K/mo for billing-only tools with no AI, no portal, no teleconsult. Same monthly price, a fraction of the clinical capability.
Hospital
25–150 beds
Full Hospital HIS
₱40,000–₱150,000 per month · SaaS ₱0 upfront · cancel anytime
Everything in Professional
Full inpatient HIS + bed mgmt
DICOM imaging & PACS
Advanced AI clinical decision support
Supply chain & inventory
Dedicated customer success manager
Compare: MERX charges ₱500K–₱3M upfront + ₱15K–₱60K/mo for a system with moderate clinical depth and no AI. VistA Evolved delivers deeper functionality at comparable or lower ongoing cost — and zero upfront.
Enterprise
150+ beds · multi-facility · government
Enterprise / Network
₱150,000–₱500,000+ per month · custom SLA ₱0 upfront · contract options available
Everything in Hospital tier
Multi-facility & network management
Ministry & government integrations
On-premise hybrid deployment option
White-label capability
Custom SLA + dedicated support team
Compare: Epic charges $500K–$200M+ implementation for US health systems with $20K–$35K+/month in ongoing fees. VistA Evolved Enterprise delivers comparable federal clinical depth at a fraction of that cost.
USD Equivalents (approximate at ₱56/USD): Starter = $54–$143/mo · Professional Clinic = $143–$536/mo · Hospital = $714–$2,679/mo · Enterprise = $2,679–$8,929+/mo. US-market pricing will be localized for USD billing upon US launch. All tiers include PhilHealth compliance, DOH certification support, staff onboarding, and 24/7 technical support.
AI & Language Intelligence

The First Healthcare Platform
Built to Think Alongside Your Clinical Team.

AI is not a premium add-on to be purchased later. It is the operating layer of VistA Evolved — embedded in every module, at every tier. In markets where physician-to-patient ratios can reach 1:5,000, intelligent automation is not a luxury. It is the only way to deliver safe care at scale.

🎤
AI Voice Documentation
Physicians speak naturally during or after consultations. The AI listens, structures the clinical note, applies the correct codes, and files it — automatically. Charting time drops by 30–50% in comparable deployments. Doctors get their evenings back.
↓ 30–50% charting time
Clinical Decision Support AI
Real-time drug interaction alerts, dangerous dosage flags, abnormal lab value notifications, and evidence-based clinical guidelines — surfaced at the exact moment a physician needs them. Validated against the VA's 40+ year drug safety database.
↓ ~70% medication errors
🧾
Automated Billing & Coding AI
AI reads clinical notes and generates accurate ICD-10, procedure codes, and PhilHealth billing line items automatically. Claim rejection rates fall from 30–40% to under 5% in comparable implementations — often recovering the full subscription cost in month one.
35% → <5% claim denials
📈
Predictive Early Warning
Sepsis prediction scores, patient deterioration flagging, readmission risk alerts, and bed shortage forecasting — giving clinical teams hours to act, not minutes to react. Especially critical in understaffed rural facilities.
Early warning, not late response
🔍
Diagnostic Assistance (MedGemma & Open Models)
Integrated with Google MedGemma and peer open-weight medical AI models to provide differential diagnosis suggestions, radiology pre-reads, and clinical summary generation. Functions as a physician extender — not a replacement.
Physician-extender AI layer
50+ Languages — AI-Powered, Medically Precise
FilipinoCebuanoIlocanoHiligaynon EnglishBahasa IndonesiaVietnamese ThaiHindiBengaliUrdu ArabicSwahiliAmharicHausa FrenchSpanishPortuguese MandarinMalayKhmer BurmeseTamilKorean JapaneseGermanTurkish+23 more

Adding a new language requires no manual engineering — the AI localization layer adapts continuously. Clinical terminology is translated against international standards (SNOMED CT, ICD-10). No other affordable EHR in the Philippines or Southeast Asia offers anything close to this language capability.

50+Languages
30%Less Charting
70%Fewer Errors
<5%Claim Denials
Honest Comparison

Every Alternative Has a Fatal Flaw.
Here Is the Unvarnished Truth.

Local Philippine systems are billing tools wearing the name "HIS." Global enterprise systems are clinically complete but financially inaccessible to 90% of the world's clinics and hospitals. VistA Evolved is the first platform to be both — at a subscription price that is genuinely accessible to any facility.

📊 How to read competitor pricing: Epic does not publicly publish pricing — all figures are sourced from disclosed contracts, Forbes investigations, and verified third-party industry analyses. Epic's absolute minimum self-hosted license starts at ~$1,200/provider/year (~$100/provider/month), but this is a floor that applies only to tiny self-hosted deployments — not real hospitals. At hospital scale, the all-in ongoing cost runs $1,000–$3,500+/provider/month when license, support, hosting, and maintenance are combined. A 500-physician system quoted $300,000/month for support alone. Total first-year cost for even a small clinic (10–25 physicians) typically exceeds $500,000. Philippine peso pricing for local systems is verified market data from publicly available sources and active vendor listings.
System Total Implementation Cost Ongoing Monthly Cost Clinical Depth AI Built-In Patient Portal Multi-Language PH Compliance
Epic Systems
USA · Largest EHR vendor · Does not publish pricing
$500K–$1.5M+ (10–25 physician clinic)
$5M–$50M+ (community hospital)
$200M–$1.2B+ (large health systems) Documented: Northwell Health $1.2B · AdventHealth $660M · Trinity Health $800M (101 hospitals) · Aspen Valley Hospital $6.1M license alone + $16M total
~$1,200–$5,000+/provider/yr license (minimum, self-hosted)
$1,000–$3,500+/provider/mo (hospital-scale, all-in)
500-physician system: $300K/mo in support alone Annual maintenance typically ~20% of license cost/yr. Hospital ongoing fees: $20K–$35K+/mo total minimum. Epic does NOT serve solo or micro-practices at any accessible price point.
✓ World-class ✓ Advanced ✓ Full MyChart ⚬ Limited ✗ None
Oracle Cerner
USA · #2 market share
$150K–$300K (mid clinic)
$3M–$60M+ (hospital) U. of Illinois Health: $60.5M bid documented
~$25/user/mo (base cloud, ambulatory only)
$2M–$8M/yr (full hospital ongoing) 500-bed hospital ≈ $150K–$500K/mo in recurring costs
✓ World-class ✓ Advanced ✓ Full ⚬ Limited ✗ None
MEDITECH
USA · Mid-market hospitals
$300K–$1.2M (mid-market hospital) $200–$400/provider/mo (cloud)
Designed for 20+ provider facilities
✓ Strong ⚬ Growing ✓ Available ✗ Minimal ✗ None
MERX — Exist Labs
Philippines · Most established local HIS
₱500K–₱3M+ upfront required ₱15,000–₱60,000/mo ⚬ Moderate ✗ None ✗ None ✗ Filipino/English only ⚬ Partial
MEDtrix
Philippines · Billing-focused
₱300K–₱2M+ upfront required ₱10,000–₱40,000/mo ✗ Billing admin only ✗ None ✗ None ✗ None ⚬ Basic PhilHealth
Lifetrack Medical
Philippines/Singapore · Imaging specialist
SaaS-based (no full HIS) SaaS pricing (imaging modules only) ✗ Imaging only — not a full EHR ⚬ Imaging AI only ✗ None ✗ None ✗ None
HYBrain / CloudMD
Philippines · Clinic scheduling
Minimal/none ₱1,500–₱8,000/mo ✗ Scheduling only — not clinical ✗ None ✗ None ✗ None ✗ None
OpenMRS / OpenEMR
Global OSS · Community-driven
Free software + significant support/IT cost Varies (self-hosted, no managed service) ⚬ Moderate — no vendor ✗ None built-in ⚬ Basic ⚬ Community patches only ✗ No PH localization
VistA Evolved ✦
All tiers · Clinics & hospitals
₱0 upfront — alwaysSaaS only · every tier · no contracts required ₱3,000–₱500,000+/moScales from solo clinic to national network ✓ 40yr U.S. Federal Core ✓ AI-Native All Tiers ✓ Full Mobile App ✓ 50+ Languages ✓ Full DOH + PhilHealth

Why Local PH Systems Fall Short

MERX, MEDtrix, and similar Philippine systems are fundamentally billing and administrative tools. They carry large upfront costs — ₱300K to ₱3M before you can even log in — then charge ongoing monthly fees for software that offers no AI, no patient portal, no multilingual support, and limited clinical depth. Clinics end up paying more, for less. They predate the concept of what a modern healthcare platform should be.

How We Compare to Epic & Cerner

Epic's clinical architecture shares the same MUMPS/GT.M database lineage as VistA. VistA Evolved inherits 40 years of the same refined federal clinical intelligence — drug interactions, patient safety rules, decision support logic — and delivers it through a modern cloud platform. The clinical brain is equivalent. The cost is not: Epic requires $500K–$200M+ to implement. VistA Evolved requires ₱0 upfront and as little as ₱3,000/month.

The Market No One Has Served

There is no product on the market today that offers enterprise-grade clinical EHR depth — VA hospital class — at a subscription price accessible to a small clinic or rural health unit. The top end is too expensive. The affordable end is not clinical. VistA Evolved occupies the exact white space between them, for both the Philippine market and the US rural and community clinic sector simultaneously.

Return on Investment

Clinics and Hospitals Pay for Themselves
Within the First Month of Billing Improvement.

A typical 150-bed Philippine hospital recovers its full monthly subscription cost through claim rejection reduction alone within 30–60 days of go-live. A 5-provider clinic often recovers costs within 2–4 weeks through reduced admin time and improved billing accuracy.

PhilHealth claim rejection rate — before → after AI billing35% → <5%
Monthly admin hours saved — 150-bed hospital600+ hrs
Monthly admin hours saved — 5-provider clinic80+ hrs
Reduction in medication errors after go-live~70%
Increase in bed utilization rate (hospitals)+15–25%
Monthly paper, printing & courier cost eliminated₱40K–₱120K
Physician charting time reduction (AI voice docs)30–50%
Typical payback period — small clinic2–4 weeks
Typical payback period — hospital4–8 weeks
First-year ROI vs. total subscription cost3–5×

Total Implementation Cost — Real Comparison

Epic (large hospital)
$5M–$200M+
Oracle Cerner
$3M–$60M+
MEDITECH
$300K–$1.2M
MERX / Local PH
₱500K–₱3M+
VistA Evolved
₱0 upfront
150-Bed Hospital · Monthly Subscription
₱70,000–₱150,000/month

At 35% claim rejection, improving billing alone in month one typically returns more than the full subscription cost. The system pays for itself before staff finish onboarding.

5-Provider Clinic · Monthly Subscription
₱8,000–₱25,000/month

Reduction in rejected PhilHealth claims typically generates more than the subscription cost in added monthly revenue — within the first billing cycle after activation.

Compliance & Standards

Built to Satisfy Every Market's Regulatory
Requirements from Day One.

DOH Philippines
Digital Health Strategy 2024–2028
PhilHealth eClaims
Direct automated claims & remittance
Data Privacy Act
RA 10173 — full PH compliance
HL7 FHIR R4
Global health data exchange standard
HIPAA Compatible
US privacy — enables US market entry
PHIE Ready
Philippine Health Information Exchange
ICD-10 / SNOMED CT
International diagnosis & procedure coding
ISO 27001
Enterprise information security management
GDPR Compatible
EU data protection — global expansion
WHO DHIS2 Compatible
Government health reporting programs
Market Size & Timing

A $329 Billion Market Growing at 15.2% per Year — and Most of It Is Still Unserved.

Three forces converging simultaneously — government mandate waves, AI-driven platform disruption, and the first generation of reliable cloud infrastructure in emerging markets — create a rare entry window that did not exist five years ago and will not remain open for long.

Global Healthcare IT · 2026
$329B
Current market size this year
↑ 15.2% CAGR
Global Healthcare IT · 2030
$839.7B
5-year projection (Mordor Intelligence)
↑ 15.24% CAGR
Global EHR Market · 2034
$44.4B
EHR-specific segment
↑ 4.9% CAGR
Philippines eHealth · 2033
$10.8B
Fastest-growing segment in SEA
↑ 16% CAGR
Philippines Health IT · 2030
$4.1B
Hospital & clinic HIS specifically
↑ 14.1% CAGR
US Rural & Community Clinics
$35B+
TAM: 3,000+ hospitals + rural clinics
Underserved, priced out

The Mandate Wave

The Philippines (DOH 2024–2028), Indonesia (December 2023 mandate), India (Ayushman Bharat Digital Mission), and 30+ national governments have active legal requirements for EHR adoption in hospitals and clinics. Governments are mandating the market into existence — and nobody has built an affordable, compliant, clinical supply-side answer yet.

Why the Window Is Open Now

Cloud infrastructure now costs a fraction of 2015 prices. AI is capable enough to automate clinical documentation reliably. Mobile penetration in developing markets exceeds 70%. The convergence of affordable cloud, capable AI, and government mandates creating urgent clinic and hospital demand makes 2026–2027 the critical entry window.

The SaaS Lock-In Advantage

Once a clinic or hospital's patient records, billing workflows, and clinical protocols live in VistA Evolved, switching cost is enormous. Average customer lifetime value for healthcare SaaS platforms is 7–12 years per facility. Monthly recurring revenue compounds as each new clinic or hospital joins the network. Churn in healthcare IT is structurally very low.

Open Source Strategy

Open Source Isn't Charity.
It's the Smartest Go-To-Market Strategy Ever Built.

Red Hat: acquired for $34 billion. MongoDB: IPO at $17 billion peak. WordPress: powers 43% of the internet. All open source at their core. We apply the same proven model to global healthcare for the first time at this level of clinical depth.

01
Government Trust — Instant Credibility, Short Sales Cycles
Health ministries, public hospital networks, and NGO-funded clinics structurally prefer open source software because they can audit the code. The Philippine DOH, public hospital systems, WHO-funded clinics, and government health programs can adopt VistA Evolved without lengthy procurement battles. This dramatically shortens the sales cycle for institutional and government clients.
02
A Global Developer Community Builds Features For Free
When the core is open, developers worldwide contribute improvements, language localizations, specialty modules, and country-specific integrations. OpenMRS (the closest healthcare OSS comparable) has 5,000+ active contributors across 40+ countries. A community of 500 active contributors is worth millions in engineering capacity.
03
Natural Freemium Funnel — Clinics Self-Qualify
Clinics and hospitals can self-install the open source version, experience the clinical depth, and then realize they need managed cloud hosting, PhilHealth compliance modules, AI features, uptime guarantees, and professional support. The product sells the paid tier by itself — without a traditional sales process. It is the most efficient go-to-market model in software.
04
A Competitive Moat That Money Cannot Replicate
An established open source community combined with patient data switching costs, local market compliance expertise, and multi-language localization creates a competitive position that no foreign vendor can breach with a marketing budget alone. No Epic or Oracle product can be dropped into a rural Philippine clinic or a rural US hospital at this price. We own the segment by design.

Revenue Tier Model — How We Make Money

Free Forever Open source core on GitHub. Self-hosted. Community support. Drives adoption, government trust, and the developer ecosystem. The Linux of healthcare. ₱0
Starter Fully managed cloud. PhilHealth integration, patient portal, DOH-ready compliance, onboarding support. For solo practitioners and small clinics (1–3 providers). ₱3K–₱8K/mo
Professional Full clinic HIS with AI suite, lab integration, advanced billing, analytics, telemedicine, and dedicated account manager. For clinics of 3–15 providers. ₱8K–₱30K/mo
Hospital Full inpatient HIS, bed management, DICOM imaging, predictive AI, supply chain, and dedicated customer success. For 25–150 bed hospitals. ₱40K–₱150K/mo
Enterprise Multi-facility, government networks, on-premise hybrid, SLA guarantees, custom modules, white-label, ministry-level integrations. 150+ beds. ₱150K–₱500K+/mo
Revenue Milestones
20 hospitals × ₱80K/mo = ₱1.6M MRR (~$29K USD)
50 hospitals + 200 clinics = ₱8M+ MRR (~$143K USD/mo)
150 hospitals + 1,000 clinics = ₱40M+ MRR → Series A territory
500 facilities SEA-wide = $2M+ USD/mo → Series B
Seed Round & Investment

Capital That Builds the Bridge
from Prototype to Paying Clinics and Hospitals.

The seed round funds the critical path: working platform → pilot facilities → paying customers → Series A data. Every peso is deployed to produce the proof points that unlock the next, much larger, funding round.

Seed Round Target
₱8–15 Million

~$143,000–$268,000 USD · 12–18 months runway to first paying clinic and hospital customers

30%
UX/UI Design & Frontend Engineering
25%
Core Engineering (3–5 Senior Developers)
20%
Pilot Programs — 3–5 Clinics & Hospitals
12%
Cloud Infrastructure, Security & DevOps
8%
Sales, Marketing & Partnerships
5%
Legal, Compliance & Operations
What This Round Delivers: → Launch-ready platform — modern UX, mobile app, full AI suite
→ 3–5 pilot clinics and hospitals operational & documented
→ DOH, PhilHealth & Data Privacy Act certifications complete
→ Open source repository live with global developer community
→ First paying facilities converting from pilots
→ Series A fundraise package backed by real revenue data

Growth Roadmap

Seed · Now Open
₱8–15M (~$268K USD)
Product build, UX/UI, pilot clinics & hospitals, founding team, open source launch. Philippines + initial US rural outreach. 12–18 months runway to first paying customers.
Series A · Year 2 · Trigger: 20+ facilities, ₱1.5M+ MRR
$1–3M USD
PH national expansion — hospitals and clinics, US rural pilot program, Indonesia launch, full AI suite, 12-language rollout, expanded sales team.
Series B · Year 3–4 · Trigger: $500K+ USD MRR
$5–15M USD
150+ PH hospitals, US community hospital market active, SEA expansion, Indonesia and Vietnam live, first Africa government contracts, 50-language full rollout.
Exit / IPO Path · Year 5–7
$100M–$500M+ Valuation
PSE listing, SGX, or NASDAQ IPO, or strategic acquisition. Comparables: Athenahealth $5.7B, TriZetto $2.7B, Health Catalyst IPO $900M. Healthcare SaaS exits at 8–15× ARR.

Investment Structure Options

Four structures are available to match different investor goals, whether the priority is equity ownership, capital protection with upside, or income-style returns.

Most Flexible
Option A

Convertible Note

Interest-bearing loan (6–8% p.a.) converting to equity at Series A with a 15–25% discount. Debt protection now, equity upside at conversion.

✦ Capital protection + equity upside
Option B

Direct Equity

Fixed ownership percentage at an agreed seed valuation. Share value grows as the company scales. Exit via IPO or acquisition.

✦ Maximum upside at scale
Option C

Revenue Share

Fixed 3–5% of monthly revenue until a 2–3× return multiple is reached. No equity dilution. Clean, predictable payback structure.

✦ Income-style, fastest payback
Option D

SAFE Agreement

Simple Agreement for Future Equity — no interest, no maturity date. Converts at the next priced round. Minimal legal friction. Silicon Valley standard.

✦ Fast, low-cost, globally recognized
Corporate Structure & Exit Path

VistA Evolved incorporates as a Philippine Stock Corporation, scalable to a Singapore or Cayman Islands holding structure for international investors (RA 11659 provisions allow 100% foreign equity for qualified technology companies). The company targets remaining private through Series B. A PSE listing, SGX, or NASDAQ IPO is the targeted exit at Series B+ scale when recurring revenue justifies public market valuation multiples and provides liquid exit for all early investors. Strategic acquisition by a global healthcare IT player remains the most likely near-term exit based on comparable SEA healthtech outcomes.

The Investment Thesis

Every Clinic. Every Hospital.
Finally, Technology They Can Afford.

VistA Evolved solves both sides of the global healthcare IT crisis simultaneously: the clinical depth of a $100M federal system and the accessibility of a monthly subscription any solo clinic or rural hospital can justify. Philippines launch. US rural market co-primary. The world is the destination.

$329BMarket Today
3,000+US Facilities Underserved
5,000+PH Clinics & Hospitals
40 yrsClinical Foundation
₱0Upfront Cost

This document is for informational purposes only and does not constitute a public securities offering or solicitation. Investment in early-stage companies involves significant risk, including possible total loss of capital. Financial projections are illustrative and based on publicly available market research. Prospective investors should conduct independent due diligence and seek qualified legal and financial counsel before making investment decisions. All pricing data attributed to third-party EHR vendors is sourced from publicly available industry analyses and may not reflect current vendor contracts.