Anthony Dohrmann founded Electronic Caregiver with three people in one office.
In 2017, the tech startup moved to the top floor of the ten-story Las Cruces Tower. Then they took over the ninth floor. Then the eighth. Eventually they expanded to the seventh floor and a building next door.
The company, which executives say has seen 70% growth over the past two years, is currently negotiating to purchase the tower at 506 S. Main St., the tallest in Las Cruces. It would be more than $ 8 million in investment, the company said.
Lane Gaddy, a businessman from El Paso, is the seller of the Las Cruces Tower. Gaddy also confirmed on Friday that he launched El Paso’s Coronado Tower.
“Our goal within the next two years is to go public and have the first Fortune 500 company based here,” said Dohrmann.
As the country’s population ages, this has tightened the number of skilled caretakers available. With such high costs, care often falls to family members and informal carers.
Electronic Caregiver, a home health technology company with users in all 50 states, works to maximize patient health through the use of telemedicine, continuous health monitoring, and other products and services.
Dohrmann, the company’s chief executive officer, said the company is building a 24-hour care and telemedicine operation, including the use of a virtual caregiver named Addison Care.
He said the systems and products developed by Electronic Caregiver help bring together caregivers, clinicians and ongoing monitoring of diverse patients with different health needs.
“Tech itself is nothing more than a rubber doorstop,” says Dohrmann. “It has to be connected to systems and people, and it has to get seamlessly into the hands of clinicians and decision-makers. It has to be reliable, secure and private. “
The company has also developed systems to respond to the COVID-19 pandemic, including tools that have been implemented in hospitals across the country, including Las Cruces.
Dohrmann said Electronic Caregiver has developed a tool to help hospitals coordinate which COVID-positive patients need to come to the hospital and which can go home in the hospital.
“We monitored COVID patients remotely within two weeks. Over 100 days we saved $ 2 million and opened 50% of their capacity for patient accommodation (in Las Cruces hospitals), ”said Dohrmann. “That’s until the end of 2020.”
Dohrmann also gave some statistics on the aging population of the country and the current state of the US to meet these health and wellbeing needs.
He said there are 50 million older Americans, a number that will climb to 80 to 85 million by 2050.
“Every 24 hours we have 10,000 to 11,000 people who live to be 65 years old. The world is aging rapidly, ”said Dohrmann. “In Europe, they have exceeded the capacities of caregivers and are unable to train enough people for the aging population.”
Dohrmann added that a number of the elderly require home care, gradually become physically stunted, and most take between seven and 15 different medications.
But many cannot afford professional home health care, which Dohrmann says can run into the thousands of dollars a month.
“Only about 3% of the US population has the disposable income to pay an additional bill of $ 2,000 per month,” said Dohrmann. “Care has become something provided by over 43 million unpaid informal carers, who are usually family members.
“They have no savings, they borrow, they sink into debt, and there isn’t a lot of support or education. Insurers say there is a rapid increase in mental and physical health care providers. “
Dohrmann said things could get worse.
“133 million Americans live with at least one chronic condition and it continues to escalate,” he said. “We have a shortage of nursing care and a pandemic and a third of our doctors are retired at a time when we have this incredible pressure on nurses.”
Electronic Caregiver’s products and services take some of the care pressure and keep everything and everyone connected, Dohrmann said. The company also develops products for continuous monitoring of drug dosage and side effects, tracking of vital signs and health records.
According to Dohrmann, the company wants to create 3,000 jobs in the next few years.
He said when the company started 10 years ago, they were told by Silicon Valley investors that it would cost over $ 300 million to get to the point where they could go public. Dohrmann said the company estimates it would cost around $ 50 to 75 million.
“This market in southern New Mexico and West Texas made all of this possible,” said Dohrmann. “We have customers in all 50 states, a ready-made virtual nurse, clinical nursing teams working around the clock. We have opened an office in Berlin and work with representatives of the World Health Organization (WHO) and a large medical university in Austria.
“Everything that has its headquarters, all products and services are developed here in the border region.”
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