Circle Medical

Circle Medical

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$14.0m

Acquisition
Total Funding000k

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Circle Medical is a telehealth startup that leverages technology to provide convenient and accessible healthcare services. The company primarily serves individuals seeking medical consultations and wellness exams without the need to visit a physical clinic. Operating in the rapidly growing telehealth market, Circle Medical offers a range of services including video appointments for general medical issues, annual wellness exams, well-woman exams, and COVID-19 testing assessments.

The business model of Circle Medical is straightforward. It connects patients with licensed healthcare providers through secure video chat, allowing for virtual diagnosis and treatment. This model not only enhances accessibility but also reduces the need for in-person visits, which can be particularly beneficial during times of public health crises like the COVID-19 pandemic.

Circle Medical generates revenue through a combination of insurance reimbursements and out-of-pocket payments from patients. The company accepts all major insurance plans, enabling patients to check their coverage before confirming appointments. For services not covered by insurance, patients can pay using credit cards, ensuring a seamless and transparent billing process.

The startup's target clients are individuals seeking convenient, efficient, and comprehensive healthcare services. This includes routine check-ups, specific health concerns, and preventive care. By focusing on virtual appointments, Circle Medical caters to a tech-savvy demographic that values time and convenience.

In summary, Circle Medical is revolutionizing the healthcare industry by making medical consultations more accessible and convenient through telehealth services. The company serves a broad range of clients, operates in the telehealth market, and makes money through insurance reimbursements and direct payments from patients.

Keywords: telehealth, virtual appointments, healthcare, wellness exams, COVID-19 testing, insurance coverage, video chat, medical consultations, preventive care, accessible healthcare.

Tech stack

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