FRISQ develops globally scalable digital solutions for interactive communication between different actors in the care chain.
Through user-friendly solutions for tablets and smartphones, caregivers and patients are empowered to work together in digital care plans that can be used for all types of long-term or chronic care processes. FRISQ’s solutions are CE marked and built on international standards, facilitating work process for care providers while empowering patients to engage in their own care. This allows care teams to work efficiently together, while saving time and ensuring a high quality of care.
There is currently no other care plan solution like FRISQ Care on the market. FRISQ is also one of the few players globally that can integrate their solutions with existing Electronic Health Record (EHR) systems. FRISQ’s business model is built mainly on licensing revenues from care providers. Patients use the services free of charge. In the Nordics alone, FRISQ has the potential to be used by approximately 400,000 health professionals. Normally, EHR providers charge between 300 and 1,000 SEK per user per month.
FRISQ provides value creating solutions that will constitute an increasing and important part of future healthcare investments. This is clearly demonstrated through the many large public procurements seen lately, both in the Nordics and the rest of the world.
The financial goals of FRISQ are the following:
• Net sales in excess of 225 MSEK by 2022 in the Nordics.
• Long-term EBITDA margin target of 35-40% in existing markets.