MedMe Health Analysis: $750K Raised
What is MedMe Health?
MedMe Health builds software for pharmacies to run appointment-based clinical services and related patient workflows. The company describes its product as an operating system for pharmacies and says it supports clinical practice rather than dispensing or drug manufacturing. Its public materials name Care+ and position the software around community healthcare delivery.
Location
Toronto, Ontario M4W, Canada
Employees
51-200
Founded
2019
Revenue
$5.4-9.5M
Business Model
Subscription-based platform for pharmacies, enhancing clinical services and revenue generation.
Product Features & Capabilities
- pharmacy software for appointment-based services, streamlined workflows, clinical service management, patient relationship building, revenue diversification, specialty pharmacy solutions, automated documentation, digitized patient intake, seamless follow-ups
Pricing
- Base fee: $25/month
- Usage fee: $0.50 per appointment, capped at $110/month
- Minor Ailments features included in monthly plans
How much MedMe Health raised
1: - $750,000 CAD
April 2, 2021Lead Investor: MaRS Investment Accelerator Fund
Who are the founders of MedMe Health
PS
Purya Sarmadi
Founder
NH
Nicholas Hui
Chief Product Officer, Founder
Competitors Overview
MedMe Health operates in the pharmacy software solutions market, providing appointment-based services and workflow enhancements. Its main competitors include:
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Doximity: A telemedicine platform that offers secure communication tools for healthcare professionals, including video consultations and secure messaging. Its HIPAA-compliant environment is a significant advantage for those prioritizing patient privacy.
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CarelinkPlus: This healthcare CRM software focuses on managing patient relationships and improving care coordination, providing analytics for patient engagement.
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Rymedi: An Electronic Medical Records (EMR) software that streamlines patient health record management, supporting various healthcare functions.
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FDS: A pharmacy software solution that enhances pharmacy operations and patient care through tools for managing prescriptions and inventory, with a focus on regulatory compliance.
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Empower Inpatient: Tailored for inpatient care settings, this EMR software facilitates real-time patient management and documentation.
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FrameworkLTC: A software solution for long-term care facilities, focusing on compliance and operational efficiency.
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GoodRx for Healthcare Professionals: Offers tools for price transparency and medication management, which can enhance patient care.
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PioneerRX: A pharmacy management system that emphasizes workflow efficiency and patient engagement.
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ADG: Provides software and management solutions specifically for pharmacies, which may give it an advantage in pharmacy-related services.
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TimeTrade Systems: Offers a SaaS-based Customer Engagement Cloud that enhances customer interactions, focusing on personalized service.
These competitors have distinct focuses that may cater to specific needs within the healthcare and business management sectors, allowing businesses to choose solutions that best fit their requirements.
Investors
- MaRS Investment Accelerator Fund
- M12 - Microsoft's Venture Fund
- Graphite Ventures
- Y Combinator
Market Focus
MedMe Health primarily focuses on the healthcare technology industry, specifically providing software solutions for pharmacies to enhance appointment-based services and streamline clinical workflows.
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