Photo - Remedly
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Remedly

USA, California
Market: Information and media, Medicine, Financial services, Other, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 03.11.2022
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Idea

Remedly - ENTR SW - B2B, SaaS: has all of the software Doctor offices need in one turnkey solution. Tackle scheduling, invoicing, electronic medical records, marketing, inventory management, and mor

Current Status

The Traction - 124 doctor offices in USA/Canada. $1M ARR 2022 run rate ($850K YTD), product release 2 in general availability along with road map and development. VC funded company. Multiple payment partners Square, Global Payments, 360 Payments. Achieved FHIR certification, team efficiently staffed.

Problem or Opportunity

The Opportunity - Remedly is a B2B, Health Tech, venture back EHR/PMS/RCM company that provides One Integrated ERP Solution to manage operations of specialty private clinics. New standards for electronic exchange of healthcare data (HL&/FHIR) provides for significant opportunities for a market dominated by 1990 legacy Software with many fragmented systems for clinics and doctors. With the rise of private equity buying clinics and looking for modern data and analytics, Remedly solution is position for growth and stickiness. Additional, as CEHRT required for Medicare participants, Remedly is pos

Solution (product or service)

The Opportunity - Remedly is a B2B, Health Tech, venture back EHR/PMS/RCM company that provides One Integrated ERP Solution to manage operations of specialty private clinics. New standards for electronic exchange of healthcare data (HL&/FHIR) provides significant opportunities for a market dominated by 1990 legacy Software with many fragmented systems for clinics and doctors. With the rise of private equity buying clinics and looking for modern data and analytics, Remedly's solution is positioned for growth and stickiness. Additional, as CEHRT required for Medicare participants, Remedly is po

Business model

The Business/Revenue Models -
• SaaS –from doctors’ offices ~ $6K/year, from Payment processing ~ $2.5K/year per doctor, and average annual RCM from Safe-in home - $36K +
• Payment processing fees – outsourced billing by Partners AND/OR In-house billing by doctor office
• CLTV ~ $80K-$200K
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