
Medici
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Date | Investors | Amount | Round |
---|---|---|---|
N/A | Series B | ||
Total Funding | 000k |
Medici Technologies, LLC operates as a digital healthcare company, providing a telemedicine platform that facilitates virtual consultations between healthcare providers and their patients. Founded in 2016 by Clint Phillips, the Austin-based firm aims to reshape the healthcare experience by enabling secure and direct communication. The inspiration for Medici stemmed from Phillips' personal experiences, including his daughter suffering a stroke at birth, which highlighted the difficulties in accessing specialist medical care. This personal journey motivated him to first create 2nd.MD, a virtual second opinion platform, and later Medici, with the broader goal of reforming the healthcare system by making expert medical advice more accessible from the outset.
The company's core offering is a HIPAA-compliant mobile and desktop platform that allows for communication through text, voice, and video chat. A key differentiator is its focus on connecting patients with their existing doctors, thereby preserving the continuity of care. The platform is designed for a range of healthcare professionals, including physicians, specialists, therapists, and veterinarians, who serve individuals seeking remote medical advice and management. Medici's business model is primarily subscription-based, where healthcare providers pay a fee to access the platform's full suite of tools. This allows clinicians to monetize consultations that often happen after hours and were previously uncompensated. The company has pursued strategic growth through acquisitions, including DocbookMD, a secure messaging app for medical professionals, in 2018, and Chiron Health, a video consultation platform, in 2019.
Medici's platform incorporates a variety of features to enhance the virtual care experience. These include e-prescribing, which allows doctors to send prescriptions electronically, and a chat translation feature that supports over 30 languages to reduce communication barriers. Another feature, 'Chat Collaboration,' enables a primary physician to invite other specialists into a consultation, facilitating team-based care. The platform also integrates billing, patient record management, and the ability for doctors to broadcast messages to multiple patients. Having raised significant funding, including a $24 million Series B round in April 2020, Medici has expanded its reach to over 25,000 providers.
Keywords: telehealth platform, virtual healthcare, telemedicine, secure medical messaging, doctor-patient communication, HIPAA compliant, virtual consultations, e-prescribing, digital health, remote patient care, Clint Phillips, healthcare technology, mobile health, video consultations, medical billing, virtual practice, physician tools, patient engagement, healthcare accessibility, 2nd.MD
Tech stack
Investments by Medici
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