August Health
“Can a senior-living-native EHR become the operating system — clinical, billing, and AI — for an industry still running on paper?”
Founded2020
HQSan Francisco, CA
FoundersJustin Schram, Erez Cohen
Total raised~$46.6M
Latest roundSeries B, 2025
IndustryVertical SaaS / Healthcare
The story
Founded 2020 to digitize senior living communities — ~74% of which still ran on paper at launch. August Health built a vertical EHR/eMAR/move-ins suite as its wedge, then expanded into Billing & Payments (Q1 2025) to capture the financial workflow between communities and resident families. Series B in 2025 reoriented the company around 'August Intelligence,' an AI layer woven across the platform. Embedded finance is a supporting feature (payer portals, ACH/card acceptance) rather than a strategic pillar.
Product timeline
2020
August Health founded by Justin Schram (MD, ex-Landmark Health) and Erez Cohen (ex-Apple, founder of Mapsense)· founding
2022
$15M Series A led by Matrix Partners; vertical SaaS EHR for senior living launches publicly· funding
2024
Enterprise market expansion; record growth announced· growth
2025
Launches Billing & Payments product (Q1 2025)· product_launch
2025
$29M Series B led by Base10 Partners to build August Intelligence (AI platform)· funding
2026
Spring 2026 release: card payments via Payer portal, AI Intelligent Service Plans, voice-driven Care Track· product_launch
The stack
3 layers disclosed in August Health’s embedded-finance stack
Payments / PSP
August Health Billing & Payments (self-operated product)
Money movement
in the full report
Unified APIs
in the full report
Accounting gap: significant
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.