MedX is a company providing lab information systems to increase profitability of diagnostic service providers with improved efficiency, increased customer satisfaction and easy to access information
- Private Labs - Hospital Labs - Public Health Programs (TB, HIV, AMR, HPV, etc) - Airport Labs
Problem or Opportunity
Labs underperform due to ineffective management of information and processes. >70% of critical medical decisions are based of lab results but >53% of lab test results exceed the expected turnaround time (Shiferaw, 2019) yet >93% of errors & delays in labs come from pre-analytical* and post-analytical** processes (S Ambachew et al., 2018)
Solution (product or service)
Instrument Interfacing - direct integration of diagnostic equipment eliminates >95% of manual interpretation and transcription
Process Optimisation - our first principles rethinking of lab processes achieves >80% improvement in TAT
100% Paperless - Our user friendly and flexible data collection tools eliminate paper based systems and adds a connected experience for customers
Finance
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Business model
We charge a fee per test completed
Money will be spent on
- Product Development - Scaling Operations - Acquiring 100+ labs in 12 months - Certification and Compliance
