Markit Medical
A smart scheduler for your next healthcare appointment.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
$900k | Seed | ||
| Total Funding | 000k | ||
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Markit Medical operates as a healthcare technology firm with a platform designed to streamline the patient referral process. Founded in 2015, the company is headquartered in Chicago, Illinois. The firm addresses inefficiencies within the U.S. healthcare system by connecting patients, physicians, and insurance providers through an integrated referral network.
The core of Markit Medical's service is its patient referral platform. When a physician determines a patient needs to see a specialist, the platform generates a curated list of in-network options for the patient. This list includes critical information such as estimated out-of-pocket costs, quality metrics of the specialist, and appointment availability. This empowers patients to make informed decisions based on cost, quality, and convenience, while also aiming to reduce administrative tasks for physician offices. The platform is designed to help physicians find and schedule appointments with specialists, providing transparency on expenses and potential insurer incentives. By facilitating this connection, the company seeks to generate cost savings for both patients and insurers.
The business model centers on providing value to multiple stakeholders in the healthcare ecosystem. For physicians, it saves administrative time typically spent on manual referrals. For patients, it offers clarity on the financial implications of their healthcare choices. For insurers, it helps guide members to cost-effective, in-network providers, potentially lowering overall claim costs. The company's revenue generation is linked to the successful navigation and appointment scheduling through its end-to-end platform. The company has secured a total of $2.49 million in funding over four seed rounds from investors including Serra Ventures and M25.
Keywords: patient referral platform, healthcare technology, cost transparency, in-network specialists, out-of-pocket cost estimation, physician administrative tools, patient-centered care, healthcare navigation, medical appointment scheduling, health insurance integration, specialty care, referral management, digital health, provider network, healthcare savings, revenue cycle management, health tech, Chicago startup, Serra Ventures, M25