Cognify’s mission is to play a critical role in reducing human suffering. We assist skilled nursing facilities with their Medicare reimbursement prep by deploying our AI to identify the most optimized ICD-10 codes that yield the most favorable reimbursements possible, given patient information.
Factors such as the aging baby boomer population, longer lifespans, more complex reimbursement frameworks, and staffing shortages are converging to create unscalable business models for skilled nursing facilities. With AI assisting in the MDS assessment process, facilities will be able to significantly cut assessment prep time while using the right codes to secure the highest Medicare reimbursements possible, which is something everyone in the industry wants and needs.
Q2 2023 - Cognify is formed as a person-to-person tutoring company in Austin, TX
Q1 2024 - Cognify transitions to an edtech AI company offering course-specific AI tutors with first ever professor analytics dashboard + raises $200K for the new strategy
Q3 2024 - Cognify AI platform is completed + first paid pilot contract with SUNY Binghamton is confirmed
Q4 2024 - Cognify reaches 100,000 queries for the piloted course, with the course dropout rate falling from a historical average of 21% to 3.9% (the lowest in course history). Cognify is cited by students as a critical tool for the course and receives a 92% approval rating.
Q1 2025 - Cognify is approved for an expanded pilot at SUNY Binghamton (5 colleges, 5 courses). Cognify begins pilot discussions with additional SUNY schools, as well as UNT, Northcentral Technical College, Macmillan Publishing, etc.
Q2 2025 - Cognify receives a solicitation of interest from the SUNY system for a system-wide, course-specific AI tutoring contract for all 63 institutions, covering over 400,000 students.
Q3 2025 - the SUNY-wide contract is cancelled, with the SUNY AI council citing speculation of overall AI technology and changes with the Dept of Education. Universities across the nation are also beginning to lengthen their sales cycles in light of broader education trends and AI-related fears.
Q3/Q4 2025 - Cognify transitions to a research assistant for working professionals, emphasizing active learning rather than passive skimming.
Q4 2025 - Cognify's research platform debuts, gets featured in multiple press channels, accrues 2,500 users, and receives interest from the healthcare industry.
Q1 2026 - Cognify receives investment from the skilled nursing sector and begins focusing on adapting the platform to help streamline the medicare reimbursement process.
