MedSetGo is a one-stop shop AI platform that facilitates the transition of care with automated assignment of patient care to service companies, bringing transparency and control to patients and their families for their care needs.
Palo Alto, CA, USA
One Liner
One Liner
MedSetGo is a one-stop shop AI platform that facilitates the transition of care with automated assignment of patient care to service companies, bringing transparency and control to patients and their families for their care needs.
What Problem We are Solving
Problem
Outpatient healthcare ecosystem is fragmented, with different service companies using different electronic medical record systems (EMRs). This creates an environment where patient information can not be transferred easily, and thus the default mechanism to date has been paper and fax. Delays in patient care due to inappropriate care placement result in poor outcomes and a $90b impact to payors and health systems.
Today, referrals are sent out unintelligently via fax to multiple care companies with the hope one of them picks up the order.
About Us
About Us
MedSetGo algorithms match the patient appropriately based on patient-specific parameters such as patient insurance, zipcode, diagnosis, and more. MedSetGo integrates with the clinics EMR as well as service providers EMRs to create an interoperable solution - facilitating ease of information sharing. This has been made possibly by recent advances in standardization in EMR-integration APIs. MedSetGo aims to be a national health information exchange for outpatient healthcare services, one on the order of some of the largest health exchanges that already exist but are very hospital centric, costly, and difficult to implement.
MedSetGo has a fully developed product (an AI, automated booking tool for case managers + intake took for service partners), in-market in 2 cities, and we are now advancing past pilots into contracts with larger players. Our current customer set total revenue opportunity is $30M in ARR and our total pipeline revenue opportunity is $100M in ARR, if we are able to upsell with both the health plan client and the health system client.
Venture Highlights
Highlights
Multiple cash prizes and awards at Johns Hopkins for best startup. Awarded $15,000 from legal firm. Signed a massive payor deal to deploy within 100 sites in their network. Signed first hospital contract. Turned pilot contracts to paid ones. Received raving reviews about the product from current enterprise customers, including the President of a Home Health agency.
Business Model
Business Model
$20,000 monthly from payor. $499 monthly from service partner. Free for hospitals for 6 months, $30 per referral sent thereafter.
Competitive Advantage
Quote
Modern tech stack, advanced dashboards, sticky user interface, competitive pricing, mission-driven company of advancing patient outcomes and improve advocacy for patients for care coordination, broad set of service offering
Revenue
Revenue To Date
$45K
MRR
$3K
Revenue YTD
$12K
Burn Rate
$15K
Go-To Market Strategy
Business Strategy
Sell to payors to deploy MSG solution at scale. Sell to health information exchanges and white-label product offering into hospital workflows across state.
When a hospital decides to send out all referrals via MSG, the service partners in the ecosystem are inclined to join so as to receive that referral set + others.
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!
Share
Capital
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Name
Amount
Amount Left
$2,000,000.00
Amount Raised (This Round)
$0.00
Amount Raise To Date
$750K
Investment Type
N/A
Type of Raise
SAFE
Valuation
$10M
Friends & Family
$500K
Preseed
$250K
TAM SAM SOM
TAM
$500B
SAM
$100B
SOM
$20B
Business Stage
Business Stage
Paying Customers
Business Type
Business Types
Venture Capital Backed
Categories
SaaS
Enterprise
B2B
Technology
Healthcare
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