MedLever, Inc. Company Profile

Background

Founded in 2011 and headquartered in Mountain View, California, MedLever, Inc. specializes in developing workflow automation solutions tailored for the healthcare sector, with a particular emphasis on radiation oncology. The company's mission is to simplify clinical activities, enhance patient engagement, and promote clinical excellence in cancer care. By providing intuitive, platform-independent applications, MedLever aims to reduce the administrative and clinical burdens associated with complex and siloed clinical systems.

Key Strategic Focus

MedLever's strategic focus centers on delivering vendor-independent workflow automation and interoperability solutions that streamline clinical and administrative activities. The company's core objectives include:

Clinical Work Automation: Implementing solutions that manage workflows across the full patient care cycle, accommodating both in-clinic and remote staffing paradigms.

Documentation Automation: Developing tools that automate document generation, adapt documentation based on changes to federal rules and insurance policies, and create strategies to maximize insurance claims based on medical policy, diagnosis, and modality.

Data Visualization: Creating comprehensive views and dashboards using information from multiple sources, including multiple databases of the same type or data sources from different departments, to provide operational insight and analyses to improve processes.

MedLever's primary market includes healthcare providers in radiation oncology and proton therapy, aiming to improve efficiency, compliance, transparency, revenue, and reduce operational costs.

Financials and Funding

MedLever has secured funding through multiple seed rounds:

January 20, 2016: Raised $2.5 million in a seed round.

January 30, 2017: Completed another seed round, with the amount undisclosed.

The company has attracted investments from notable investors, including Anders Liander, John Willey, and Keith Irwin. The capital raised has been utilized to enhance MedLever's platform capabilities and expand its market reach.

Technological Platform and Innovation

MedLever's technological platform is distinguished by several proprietary technologies and methodologies:

MedLever Platform™: A vendor-independent workflow automation and interoperability solution designed to simplify clinical and administrative activities, enhance communication between systems, and promote excellence in cancer care.

Interactive Digital Whiteboard: Provides awareness throughout the health system to ensure clear, precise, and timely patient treatment support.

Data Visualization Tools: Create comprehensive views and dashboards using information from multiple sources, including multiple databases of the same type or data sources from different departments, to provide operational insight and analyses to improve processes.

Leadership Team

MedLever's leadership team comprises experienced professionals dedicated to advancing healthcare technology:

Jacob Philip: Founder and Chief Executive Officer. Jacob has been instrumental in guiding MedLever's strategic direction and fostering partnerships to enhance the company's offerings.

Bill Weils: Head of Platform Operations. Bill oversees the operational aspects of MedLever's platform, ensuring seamless integration and functionality.

Erwin Nell: Head of Product Design. Erwin leads the design and development of MedLever's products, focusing on user-centric solutions.

Competitor Profile

Market Insights and Dynamics

The healthcare technology sector, particularly in workflow automation for oncology, is experiencing significant growth. The increasing complexity of clinical operations and the shift towards value-based payment models are driving demand for solutions that enhance efficiency and compliance.

Competitor Analysis

MedLever operates in a competitive landscape with several notable companies:

Grupo Iris: Provides software development and consultancy services in the tourism sector.

Looksoft: An IT company offering mobile marketing software development services.

Mediinfotec: A health information technology consultant and services provider.

CDM: A provider of software solutions.

While these companies offer various software solutions, MedLever's specialization in radiation oncology workflow automation sets it apart in the healthcare technology sector.

Strategic Collaborations and Partnerships

MedLever has established significant partnerships to enhance its market position and innovation capacity:

Legion Healthcare Partners: In February 2020, MedLever partnered with Legion Healthcare Partners to jointly provide technology solutions that advance workflow management, compliant billing documentation, revenue optimization, and simplified costing tools for radiation oncology. This collaboration aims to bridge the gap between operational and claims data, driving value for patients, providers, and payers.

Operational Insights

MedLever's strategic considerations in relation to major competitors and market position include:

Distinct Competitive Advantages: MedLever's focus on radiation oncology workflow automation, combined with its vendor-independent platform, provides a unique value proposition in the healthcare technology sector.

Market Position: By addressing the specific needs of radiation oncology and proton therapy providers, MedLever has carved out a niche market, differentiating itself from competitors offering more generalized solutions.

Strategic Opportunities and Future Directions

Looking ahead, MedLever is poised to capitalize on several strategic opportunities:

Expansion of Product Offerings: Developing additional modules and features to address emerging needs in oncology care, such as patient engagement tools and advanced analytics.