Alexander Izaguirre, Ph.D.
Aprenda Systems was founded in 2013 with the goal of translating software technology developed in an academic setting into real-world solutions for health care, research and education.
The company’s founder and chief executive officer Alexander Izaguirre, Ph.D., M.B.A., initially created the company by leveraging an exclusive licensing agreement negotiated with Rutgers University and Baylor College of Medicine to commercialize software developed while he was working at the two institutions. It has since then evolved into a way to bridge the gap that divides technology in the academic world and the real world.
Inspired to create a company that addresses the inefficiencies and waste plaguing the current processes in health care, Izaguirre said the company fosters collaboration among experts to develop real solutions for real challenges and make new products and services available to the global health care community.
Its cloud-based master provider directory, Signature, allows providers to easily capture their demographic data once and then repeatedly share that data with any person or entity, streamlining the data collection, organization and sharing process to ensure information is accurate and up-to-date. The repetition of entering information can lead to data that is duplicated, incorrect or incomplete, but Izaguirre said the number one issue is desynchronized data in systems stored within one or more organizations.
“Today, there is no easy and convenient way for providers to manage and share their demographic data,” Izaguirre said. “Consequently, health plans and health systems suffer from delayed claim payments, referral leakage, costly administrative burdens, patient and provider dissatisfaction and potential fines from CMS and other agencies for inaccurate provider directories.”
Izaguirre added that his background in viral immunology and the challenges he and his colleagues experienced in research, education and clinical have helped shape how his company develops products and technologies to solve their customers’ problems.
“One of the things that is not readily understood by the general population is that physicians, researchers and educators often wear many hats,” he said. “As a result of that, they’re being requested to provide similar information by various different stakeholders. The stakeholders believe that they’re just asking for the information once, but for faculty members, they’ve been asked numerous times and the idea that this information is requested over and over and cannot be easily shared with all that require it is annoying.”
Izaguirre said he believes Aprenda Systems will become a critical player in eliminating those pain points to create a better health care system, but before the company can get there, he and his six-person team understand that there is still room for growth.
“The introduction of new paradigms is often viewed with a healthy level of skepticism around whether or not things will actually work as intended,” Izaguirre said. “We have received valuable feedback from doctors, administrators and others that is informing us on how to better position our value proposition within the market.”
Through the TMCx Innovation Program, Aprenda Systems continues to mature into a more established company that Izaguirre hopes will appeal to their customers and investor as they look for new funding opportunities for the future.
“The TMCx has turned out to provide far more than first anticipated. At first we thought the program would help get us more visibility into the market,” he said. “[But] in the first few weeks, we received far more value through the advisors, classes, positioning exercises and candid feedback on our strengths and weaknesses.”