
Smart Medical Services
Tech-enabled healthcare management company providing business process outsourcing services.
USD | 2019 | 2020 | 2021 | 2023 |
---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 |
% growth | - | - | (36 %) | - |
EBITDA | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Established in 2009 by Amr El-Tayeb, Smart Medical Services is a Giza, Egypt-based healthcare technology company aiming to enhance healthcare accessibility and affordability. El-Tayeb, a neurosurgeon with over two decades of experience at Cairo University, was inspired to start the company following a life-changing surgical experience. His extensive medical background, which includes a Doctorate in Neurosurgery and a Membership of the Royal College of Surgeons in England, is complemented by a specialized diploma in Health Insurance and participation in the Stanford Endeavor Leadership Program, focusing on scaling high-growth companies.
The company operates in the HealthTech and InsurTech sectors, providing technology-enabled healthcare management and business process outsourcing services. It caters to both corporate and individual clients. For its business-to-business segment, Smart Medical Services designs, implements, and manages corporate health plans, including managed care, third-party administration (TPA), and self-funded schemes. This B2B model provides cost-effective enterprise solutions. For individuals, the company offers the "Sehaty" program, a subscription-based service providing families with discounts of up to 60% within its network of doctors, hospitals, labs, and pharmacies. As of April 2019, the Sehaty program had 80,000 subscribers.
A key component of its operations is the Online Intelligent Platform (SMIS), which digitizes and processes both paper and electronic medical claims. This platform has been instrumental in the first phase of Egypt's comprehensive health insurance system, processing a significant volume of claims. The company has secured a total of $1.96 million in funding over two rounds, including a Series A round in November 2016. Its primary institutional investor is the Egyptian-American Enterprise Fund (EAEF). While PitchBook data from February 2024 lists the company as "Out of Business," other sources from early 2025 indicate ongoing operations, including participation as a platinum sponsor in a major health insurance forum.
Keywords: healthtech, insurtech, healthcare management, third-party administration, TPA, managed care, corporate health plans, digital health, medical claims processing, healthcare access, Amr El-Tayeb, Egypt, healthcare BPO, Sehaty program, medical discount cards, self-funded health plans, data-driven healthcare, Egyptian-American Enterprise Fund, health insurance digitization, SMIS platform