This page is protected

Enter the password to continue


Incorrect password. Please try again.

Investor Presentation • Q1 2026

NoviHealth

The Genomic Operating System
for Employer Health Benefits

30x
WGS Coverage
$250
Per Genome
Intelligence
The Opportunity

A $17B Market Flying Blind

Employer health benefits decisions affecting trillions in healthcare spend are made with:

📊

Stale Data

Claims data that's 18+ months old—showing what already happened, not what's coming

📉

Actuarial Guesswork

Models built on industry averages, not your actual population risk

🎯

Unverified ROI

Vendor promises with no way to measure true impact on outcomes

"You're managing the largest line item in your P&L with a blindfold on."
The Vision

Precision Population Medicine

What if employers could see their population's health future—based on actual genetic risk, not speculation?

NoviHealth transforms a one-time genetic test into continuous genomic intelligence that compounds in value over time.

Today With NoviHealth
Historical claims Predictive genomics
Reactive management Proactive prevention
One-size-fits-all Precision benefits design
Point-in-time testing Continuous intelligence
Market Timing

Why Now

99.98%
Cost Reduction
$200
Per Genome
20%+
2024 Renewals

Cost Collapse

WGS fell from $1M (2007) to $200 today. Population-scale testing is finally viable.

Science Maturity

PGS scores validated across ethnicities. Clinical actionability proven.

Employer Desperation

20%+ renewals broke the system. Benefits leaders need new tools.

AI Acceleration

Frontier models analyze genomes at scale. Compute costs declining.

Product Architecture

Two Value Engines

$250
One-Time Test
+
$2-5
Monthly PMPM

Engine 1: Fast, Accurate Testing

30x WGS at near-cost, 10-day TAT. The test creates the data asset.

Engine 2: Continuous Intelligence

Where the value compounds—PGS scoring, PBM/EHR integration, population analytics, automated alerts on new discoveries.

The Key Insight

Low-margin testing is customer acquisition. High-margin subscription is the business.

Value Delivery

For the Employee

🧬

Complete Genetic Profile

Cancer risk, cardiac risk, carrier status—actionable insights from day one

💊

Pharmacogenomic Card

Know how you metabolize medications before you take them

🔔

Continuous Updates

Alerts when new variants are discovered or prescriptions conflict with your genetics

👩‍⚕️

Genetic Counseling

Unlimited access to certified counselors who understand your results

Value Delivery

For the Employer

Day 1
Population genomic risk profile—know your actual disease burden
Month 3
Benefits design consultation informed by genetics, not guesswork
Ongoing
Continuous stratification as science advances and workforce changes

Intelligence Outputs

  • Aggregate population risk by condition
  • Point solution recommendations
  • Screening protocol optimization
  • PGx-informed formulary guidance
  • Real-time alerts for high-risk cohorts
Unit Economics

The ROI Story

Scenario Typical Cost With NoviHealth Savings
Late-stage cancer $375,000 $45,000 $330,000
Adverse drug event (PGx) $120,000 Prevented $120,000
Preventable stroke (AFib) $250,000 Prevented $250,000

For a 1,000-Life Employer

Test investment: $250K one-time | Annual PMPM: $24-60K | Expected prevented events: 3-5/year

Net annual savings: $500K–$1M

Business Model

Two Revenue Streams

Stream 1: Testing

Price to employer $250
COGS (wet lab + sequencing) $180-200
Gross margin 20-28%

Purpose: Customer acquisition. Creates the data asset.

Stream 2: Intelligence PMPM

PMPM price $2-5
Compute + human costs $0.50-1.00
Gross margin 70-80%

Purpose: Recurring revenue. Where value compounds.

Financial Projections

Path to Scale

Metric Year 1 Year 3 Year 5
Tested lives 10,000 200,000 1,000,000
Testing revenue $2.5M $50M $250M
PMPM revenue $0.36M $7.2M $36M
Total revenue $2.86M $57.2M $286M
Blended gross margin 35% 55% 60%

As PMPM revenue grows relative to testing, margins expand significantly.

Defensibility

Four Compounding Moats

Data Moat

Every genome adds to population intelligence. Can't be replicated overnight.

Integration Moat

Connected to HRIS, pharmacy, EHR. Switching costs are enormous.

Knowledge Moat

Continuous reanalysis means value increases. Leaving = losing all insights.

Network Moat

More employers = better PGS accuracy for everyone.

Expected retention: 95%+ once past year 1

Market Position

The White Space

Capability Genomic Life Color Health Helix NoviHealth
Full 30x WGS
Continuous reanalysis
Population analytics Limited Limited
PMPM subscription model

No competitor offers employer-sponsored continuous genomic intelligence with population-level analytics and recurring revenue model.

Investment Allocation

Two Clear Buckets

40%
Testing Infrastructure
45%
Compute Platform
15%
Operating Reserve

Testing Infrastructure

  • Wet lab automation + partnerships
  • LIMS optimization
  • CLIA/CAP compliance
  • Goal: $250 → $180 → $150/genome

Compute Platform

  • PGS scoring infrastructure
  • PBM/EHR/Claims integration APIs
  • Population analytics dashboard
  • LLM-powered interpretation tools
Exit Strategy

Beyond Traditional Acquirers

NoviHealth is positioned for acquisition by compute-first companies, not just traditional labs.

Traditional

Quest, Labcorp, UHC, CVS

4-5x

Revenue multiple

Strategic Tech

Google, Microsoft, Amazon, Oracle

6-8x

Revenue multiple

AI-First Health

Tempus, Verily, Palantir

8-10x

Revenue multiple

Exit Valuation Scenarios

Year 4 at $150M revenue: $600M–$1.2B
Year 6 at $400M revenue: $2.4B+

Strategic Value

Why Tech Pays Premium

🔐

Data is the Moat

Population genomic database is irreplicable—can't be built overnight

🔄

SaaS Economics

PMPM subscription = recurring revenue model tech acquirers understand

Compute Leverage

Their existing AI/ML infrastructure can immediately amplify our analysis

🏥

Healthcare Entry

Clean, enterprise-focused healthcare play—no clinical risk, no claims liability

Market Validation

Recent Transactions

Deal Acquirer Target Rationale
Feb 2025 Tempus AI Ambry Genetics Testing + AI platform integration
May 2025 GeneDx Fabric Genomics AI-powered interpretation
Q2 2025 Illumina SomaLogic Multiomics expansion
Jan 2025 NVIDIA Illumina/Mayo AI partnership for genomics

The market is actively consolidating around genomics + AI + healthcare. NoviHealth sits at this intersection.

The Investment

Series A

$15M
Raise
24 mo
Runway
100K
Lives Year 2

Building the genomic operating system that transforms employer health benefits from reactive cost management to precision population medicine.

Novi Health

One Test.
Lifetime Intelligence.

The future of employer health benefits is genomic.
We're building the platform to deliver it.

Contact: investor@novihealth.com

Appendix

Leadership Team

[CEO Name]

Background in employer benefits, healthcare technology leadership

[CMO Name]

Clinical genomics expertise, genetic counseling background

[CTO Name]

Bioinformatics platform development, AI/ML in healthcare

[COO Name]

Lab operations, CLIA/CAP compliance, scale operations

[Team bios to be added]