Medical imaging has a profound affect on public well being and might probably scale back as much as 70-80% of diagnostic issues. Nonetheless, getting well timed entry to imaging providers is a bottleneck in our healthcare system that always results in sufferers not looking for the providers they want and in the end in poorer affected person outcomes. Medmo makes medical imaging accessible via its market platform. The corporate companions with tons of of native high-quality diagnostic facilities that present MRIs, CT scans, PET scans, mammograms, ultrasounds, and so forth. at negotiated favorable charges. For physicians, there tends to be a pointy drop off in affected person engagement when an order for a scan is prescribed because the affected person is now tasked with navigating the complicated healthcare system as a way to get an appointment for providers. Docs’ workplaces do usually assist in securing appointments however this creates an extra time-consuming administrative burden for them. Medmo makes the method extra seamless each for sufferers and suppliers to make sure that affected person outcomes are improved and continuity in care is preserved via its community of vetted diagnostic suppliers who additionally profit from a rise in affected person quantity. The corporate presents nationwide help, working throughout the healthcare spectrum working with suppliers starting from major care suppliers to massive healthcare techniques.
AlleyWatch caught up with Medmo CEO and Cofounder Lucas Takahashi to be taught extra concerning the enterprise, the corporate’s strategic plans, newest spherical of funding, and far, rather more…
Who had been your traders and the way a lot did you increase?
We introduced $9M of current funding led by Lerer Hippeau, alongside present traders Jerusalem Enterprise Partners (JVP) and C2 Ventures. As well as, an array of notable angel traders participated, together with Elliot Cohen, founding father of PillPack (acquired by Amazon), and Klara (acquired by ModMed) Cofounders Simon Bolz and Dr. Simon Lorenz.
Inform us concerning the services or products that Medmo presents.
Medmo is a medical imaging know-how firm that empowers sufferers and suppliers to conveniently entry high-quality medical imaging appointments which historically is complicated and troublesome to navigate. Sufferers can entry high-quality in-network appointments sooner, at decrease prices, whereas suppliers achieve transparency to affected person care journeys with decrease administrative burden. All of this results in higher affected person outcomes and continued supply of care.
How is Medmo completely different?
Medmo deploys options for sufferers, suppliers, and imaging facilities, with an emphasis of placing the affected person first, and is tailor-made to supply a handy and easy-to-use expertise. Our platform focuses on driving effectivity inside the whole ecosystem of medical imaging whereas a variety of funding goes into development into the diagnostic tools itself.
What market does Medmo goal and the way massive is it?
Over $100B is spent on medical imaging within the U.S. annually and rising.
How are you making ready for a possible financial slowdown?
From a product providing perspective, we’re within the enterprise of serving to sufferers and suppliers save on prices, so demand for our service will increase. Medical imaging is a elementary piece of healthcare and continues even when there’s an financial slowdown.
What was the funding course of like?
Our method has at all times been to satisfy traders early, it’s a good way to construct a relationship and let traders see the enterprise obtain milestones main as much as the subsequent capital increase.
