iRemedy Healthcare

iRemedy’s mission is to use an AI driven marketplace to reduce the cost of medical supplies and fix the broken medical supply chain.

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One Liner

One Liner
iRemedy’s mission is to use an AI driven marketplace to reduce the cost of medical supplies and fix the broken medical supply chain.

What Problem We are Solving

Problem
The current distribution model of medical supplies is rife with problems including over charging many clients, lack of pricing transparency, acute shortages of medical supplies, and monopolistic pricing. There has been no substantive change to this industry in over 50 years.

About Us

About Us
iRemedy Healthcare has developed a proprietary marketplace, created by the inventor of the Amazon marketplace. The company was founded by healthcare and technologists with 20+ years experience in healthcare. The founders have launched numerous technology companies with successful exits including an IPO and numerous acquistions.

Venture Highlights

Highlights
iRemedy Healthcare was selected by the US government to supply the nation with needles and syringes for Operation Warp Speed.  We imported over 1.5B needles and syringes.  iRemedy Healthcare technology has been used by the nation's leading healthcare systems in B2B and B2C applications.

Business Model

Business Model
iRemedy has a dual business model. The company operates as a medical supplies distributor, taking a margin profit on each transaction primarily through drop ship orders (the company does not have to take on inventory).  The company also operates on a SaaS model, taking a flat fee for every transaction processed through the system.

Competitive Advantage

Quote
iRemedy Healthcare has created a patent protected, AI driven marketplace that will be a requirement for future marketplaces.  This technology was invented by our CEO and CTO (a former VP of Technology at Amazon who invented the Amazon marketplace and holds a patent for that).  iRemedy Healthcare has also entered into a marketing partnership with UPS Healthcare to offer direct purchasing of medical supplies and devices directly from manufacturers.

Revenue

Revenue To Date
$3M
MRR
$300K
Revenue YTD
$250K
Burn Rate
$100K

Users

Total Users
10K
Total Users (Past 30 Days)
N/A
Daily Active Users
N/A
Monthly Active Users
N/A
Total Paying Users
N/A
MoM Growth Users
10%
Organic Traffic %
N/A

Customer Costs

CAC
$10.00
LTV
$5K
Churn
N/A
Margins
15%

Go-To Market Strategy

Business Strategy
Our go to market strategy falls into 3 categories.  The first is online advertising, SEO and organic growth of traffic to the website.  The second strategy is targeted sales to surgery center enrollments (about 10,000 surgery centers nationwide) and targeted sales to the US government.  The third go to market strategy is via our partnership with UPS Healthcare and providing an ecommerce platform for those clients who wish to order directly from manufacturers.

Competitive Analysis

Competitive Analysys
iRemedy Healthcare is the only AI driven marketplace that has an open architecture and can incorporate  multiple catalogs into a single system.  Our proprietary technology allows for direct purchasing of medical supplies and the ability to compare prices across all vendors.
Competitor Website
Amazon www.Amazon.com
Medline www.medline.com
McKesson www.mckesson.com

Networking

Networking
We are open to meeting up to grab a coffee, or just to chat. We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!

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Capital

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Name Amount
Amount Left $3,000,000.00
Amount Raised (This Round) $0.00
Amount Raise To Date $10M
Investment Type N/A
Type of Raise Convertible Note

Valuation
$200.00
Series A
$10M