Stage: Revenue generating
Number of employees: 1-5
Investors: Eric Bunting
MedRepublic is an online marketplace that connects patients with a curated list of the best international providers around the world. Founded by a team with 16 years of experience in the medical travel space, MedRepublic has created the first-ever direct-to-doctor platform, where patients can view transparent pricing, peruse doctor profiles, and contact doctors directly. We offer validated reviews, peer-to-peer doctor endorsements, and procedural information.
We are B2C and take a commission from the doctors we work with per procedure completed.
Our biggest competitors are Medigo and Caremondo. They are both non-US-based hospital-facing platforms, which only give patients access to the hospital administration. In contrast, MedRepublic is doctor-facing, providing patients with instant access to doctors. As we are US-based, we have the unique advantage of understanding how everyday Americans view healthcare costs and US health insurance in capturing the North American audience.
This approach gives us significant strategic advantages. To highlight a few:
1) MedRepublic enables patients to select their own doctors directly, rather than having to work through hospital administration.
2) Our providers are independent of their hospitals, so we can work on their behalf to secure competitive pricing and better services from hospitals.
3) We can increase brand loyalty by providing creative ways for our providers to increase their revenue (e.g. through affiliate commissions and co-financing) and improve their success with patients (e.g. through our review system and provider health metrics).
4) We collaborate with providers to create a media kit for them including professional photography, videos and promotional webinars (featuring them and their facilities).
Our model empowers both doctors and patients, rather than hospitals.
In addition, MedRepublic provides patients with unprecedented access to trusted, high-quality, medical information. This includes patient reviews and testimonials, peer-to-peer doctor reviews, medical discussion forums, provider metrics (e.g. complication and readmission rates), photos/videos, and webinars.