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MedRepublic
Location: 1600 Main Street, Venice, California, United States United States
Founded in: 2015
Stage: Revenue generating
Number of employees: 1-5
Funding history:
- Date: 12/2016, Seed: $800 k (post valuation: $4000000).
Investors: Eric Bunting
Short URL: vator.co/medrepublic
Awards and mentions
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One of 25 semi-finalists chosen out of 1000+ innovative startups to compete at the TechCrunch Disrupt Startup Battlefield
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MedRepublic

The smart path to medical travel
Startup/business
Venice, California, United States United States
http://medrepublic.com
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Company description

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. 

 





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Team
  • Robert Page
    Robert Page | Founder
    CEO & Founder of MedRepublic, an online global health marketplace that facilitates relationships between patients in need of medical care with English-speaking, certified, and skilled surgeons in Panama, Mexico, Costa Rica, and the Cayman Islands.
  • Sean Klarich
    Sean Klarich | Founder
  • Aisha Luvert
    Aisha Luvert | Team member
  • Ashley Miyasaki
    Ashley Miyasaki | Team member
Business model

We utilize a commission-based model (15%). Here is a list of average commissions for different products and services we offer:

 

• Procedures: $1,020

• Complication insurance: $100

• Travel insurance: $20

• Travel and lodging: $120

 

Additionally, we will soon add:

 

• Telemedicine consultations: $20

• Local preoperative, domestic -

• Doctor visits: $10-25

• Testing: $10-25

• Local postoperative, domestic -

• Doctor visits: $10-25

• Physical therapy: $50-100

• Diet consultation: $50-100

 

Ultimately, we are building our HIPAA-compliant platform to include US providers and begin offering a self-insured, multi-tiered option for private businesses to reduce healthcare costs (management charge of $750 - $1,500 per life per year).

Competitive advantage

Unlike our competitors, MedRepublic is doctor-facing, providing patients with instant access to doctors.

 

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 provider ranking algorithm, 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.

 

Investors
Investor Deafult Image
Tanvir Hussain - Unconfirmed
Eric Bunting
Eric Bunting - Unconfirmed
Founder and Managing Partner at Overbrook Capital. Active private investor and advisor, primarily in tech-enabled start-ups. Early investor in Funding Circle / Endurance Lending Network, Kabbage, Yapstone, Marin Software, Edmunds, MedRepublic...