Flychain Newsletter for Q1 2025

Starting 2025 off strong

Summary

Flychain ended 2024 with 50 customers and $503K of booked ARR for our platform. In Q1 2025, we added an additional 36 customers and $340K of booked ARR.

Channel partners were the biggest driver of this growth accounting for 23 out of 36 of these new customers in Q1.

Booked ARR

February 2025 was our strongest month to date with 17 new customers signed and $202,200 in booked ARR. This contributed to a total of $376,800 in cumulative booked ARR for Q1 2025.

Stickiness

We have not had a customer churn since launching our platform in April 2024 and we’re excited about the positive feedback that we’ve been receiving. Check out an unprompted email that we got from one of our providers last week:

Goals for 2025

• Lean into the success of channel partnerships

  • Grow existing partnerships and develop new partnerships (see Scaling GTM section below)

• Increase ACV via upselling on new products

  • Budgeting

  • Financial Insights

  • Contracted Rate Benchmarking

  • Accrual Accounting

• Continue upmarket movement

  • Moving from ACVs of $6K - $12K to ACVs of $24K - 48K

• Expand to additional healthcare specialties

  • We’ve successfully expanded to other specialties and now have providers in the following specialties:

    • Dermatology

    • Pulmonary Care

    • Primary Care

    • Dentistry

    • Pain Management

    • Substance Abuse

    • Fertility

    • Ketamine Therapy

    • Specialty Pharmacy

Scaling GTM

Franchises

Flychain has entered into a strategic partnership with Interim HealthCare, a leading Home Health franchise with 330 independently owned and operated franchisees. The goal is to roll out Flychain to this whole ecosystem in 2025.

So far, Flychain has been introduced to 18 franchisees and we’ve signed 6 so far with two more scheduled to move forward in Q3.

Flychain was invited to attend the 2025 Interim HealthCare Annual Conference in May where we will have the chance to interact with 80% of Interim’s franchisee owners.

We also have active conversations with 4 additional franchises across home health and ABA. We plan to run the same “Interim” playbook with these other franchises.

Notable Partnership Updates

ModMed - 40,000+ Providers

JaneApp - 50,000+ Providers

While these conversations are in the early stage, we want to highlight how these partners view Flychain in the “Healthcare Vendor Stack”. The diagram below shows how we present Flychain to partners like ModMed. We emphasize that we do not touch the clinical side e.g. EMR and PM. By positioning Flychain as the holistic financial platform, we are not viewed as competitive but rather a complementary solution that can bolster our partner’s offering.

Conferences

Flychain had the privilege of presenting twice at the Ohio Home Health + Hospice Association annual conference on the importance of financial management.

Upcoming Conference Calendar

• Autism Investor Summit (Los Angeles) - April 7-9

• Home Health Capital and Strategy Conference (Orlando) - April 9-11

• Interim Annual Conference (Hollywood, FL) - April 27-29

• PA Home Health and Hospice Annual Conference (Bethlehem, PA) - May 14-16

• CureMD + Stitch PEO Dinner Event (NYC) - May 8th

Growing the Team

Flychain is actively hiring on the GTM side as we see a clear path to expanding to other specialties by re-running the playbook that we’ve been using for Home Health and Behavioral Health.

Financials

Net Burn

• $70,000.00

Bank Balance

• $1,688,610.18

Runway

• 2 years