Every general practitioner is using a medical software, but none of current solutions in Germany offer an adequate online booking solution or any kind of electronic communication. We will build modern software for doctors and give patients online access to their own documents. With only 1.5% of German market share, OktoDok will take in more than $1M in profit before taxes.
Our goal is to make the best software on the market, to be the most affordable provider and to become German market leader by 2027
Large core market:
110,000 general practitioners in Germany currently pay an average annual price of $7k for medical software, making it a $770M market.
Variety of customers:
The OktoDok software will be available for patients, pharmacies, all medical specialists, psychologists, physical therapists, and laboratories, making it a multi-billion Dollar market.
Applicable worldwide:
Although no targeted research has been done, it is highly likely that this solution will be applicable to numerous markets worldwide.
Problem or Opportunity
There are various options on the market that offer basic solutions, however none of them completely digitize patient medical files or streamline the main repetitive administrative processes and they add complexity to the daily lives of doctors and administrators.
We simplify by streamlining many of these processes into single-click operations, digitizing all patient files and making it easier for doctors and patients to communicate.
Solution (product or service)
To be the leading software provider for the German medical market and the number one choice for new doctors and medical practices.
Competitors
There are various options on the market that offer basic solutions, however none of them completely digitize patient medical files or streamline the main repetitive administrative processes and they add complexity to the daily lives of doctors and administrators.
We simplify by streamlining many of these processes into single-click operations, digitizing all patient files and making it easier for doctors and patients to communicate.
Advantages or differentiators
More affordable than any other solution. 50% lower price than average, 30% lower price than the cheapest solution. The only software to deliver centralized and digitized patient medical files on German market. No current software offers online appointment scheduling or any form of electronic communication
Finance
Small market share is sufficient for high-profitability: With just 1.5% of GP market share and an annual price of $3.5k, OktoDok will take in more than $1,000,000 in pre-tax profit.
Constant Demand: 3.6% of medical practices change owners every year with new doctors wanting modern, simple, tech-driven solutions.
Our current biggest risk it that the project is too centralized around the founder. Investment would help build a strong management team for the company.
Another risk is that a competitor comes to market faster with a similar product making it more difficult to gain market share as competition grows.