Photo - Medebound HEALTH
51838

Medebound HEALTH

Revolutionize cross-country telemedicine

USA, New York
Market: Internet and IT, Medicine
Stage of the project: Operating business

Date of last change: 02.04.2021
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Idea

Telemedicine experienced 500% growth during the pandemic. We are on the mission to revolutionize cross-country telemedicine and care delivery.

Current Status

1. We reached $10M in 2020 (CAGR: 300%)
2. Signed up 10+ large insurers(including fortune 500 companies) at the national level (via bidding competition); whose services covered 2 million lives
3.Self-built/signed up ~1,000+ top US specialists from US’ top 20 hospitals (JHH, NYP, MGH)


Problem or Opportunity

Patients outside the US with a frustrating condition or disease face these problems:
1. Not always possible to travel to the US.
The trip Time consuming and expensive – not every patient can afford it
2. Local health quality varies. Example: China’s 5-y cancer survival rate is 60% of that in the US; average 4.3 year lag for the new drug.
.

Solution (product or service)

For patients who are diagnosed with devastating conditions, Medebound is a bilingual second opinion/care delivery platform that helps them access the best medical specialists in the US and receive post-opinion services such as concierge and medication services.

Our bilingual telehealth platform connects patients around the world to a group of 1000+ physicians from top 20 hospitals in the US, ranking in the top 1% in the world across 72 specialties, to provide a second opinion in a few clicks.
Medebound is also able to provide effective referrals and peer-learning opportunities through our established and matured sales channels in hospitals/physicians.

Competitors


Medical tourism is a 140B global market.

We aim to disrupt this space using a cross-country telemedicine and care delivery model.

Advantages or differentiators

Unlike existing healthcare brokers who don't have a technical platform in place and charge a high premium to arrange for affluent patients to come to the US, Medebound can reach a much broader population without requiring people to travel themselves.

Money will be spent on

-Scale existing 2D2C sales force (ex: AZ Enhertu) (guaranteed sales growth)
-Build 2C brand creditability and leverage technology to disrupt fragmented -2D2C competition landscape and remove middleman (improve bottom line)
-Deploy membership loyalty program 2B2C or 2C (ex: AAA)
-Customer experience: Strengthen IT, integrated one suite for closed-loop healthcare services.
-Economies of scale: streamline service efficiency and negotiate the purchase price

Team or Management

Invention/Patent

Two patents filled. One issued.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video