MedZed Company Profile

Background

Overview

MedZed, established in 2014 and headquartered in Atlanta, Georgia, is a healthcare provider specializing in delivering integrated, in-home medical services to high-risk, underserved populations. The company leverages telemedicine and a network of mobile care providers to offer comprehensive care directly to patients in their homes.

Mission and Vision

MedZed's mission is to reduce health disparities by engaging hard-to-reach individuals and equipping them to thrive. The company aims to build trust-based relationships that empower members to improve their health.

Industry Significance

By focusing on high-need, high-cost Medicaid and Medicare Advantage members, MedZed addresses critical gaps in the healthcare system, aiming to improve health outcomes and reduce inappropriate utilization.

Key Strategic Focus

Core Objectives

• Identify and Engage High-Risk Populations: MedZed targets individuals with complex care needs who struggle to access traditional healthcare services.

• Deliver Comprehensive In-Home Care: Utilizing a multidisciplinary approach, the company provides medical, behavioral, and social support services directly in patients' homes.

• Reduce Healthcare Utilization: By addressing social determinants of health and providing proactive care, MedZed aims to decrease emergency department visits and hospital admissions.

Areas of Specialization

• Telemedicine-Enabled House Calls: Combining in-person visits by care providers with real-time virtual consultations with physicians.

• Community Health Navigation: Employing locally-based, culturally competent navigators to connect patients with necessary resources.

Key Technologies Utilized

• Patient and CareForce Technology (PACT): A proprietary logistics and telemedicine platform facilitating efficient care delivery.

Primary Markets Targeted

• Medicaid and Medicare Advantage Members: Focusing on high-need individuals who represent a small share of members but consume a majority of healthcare resources.

Financials and Funding

Funding History

• 2015: Raised $3.2 million to develop its technology-enabled house call platform.

• 2017: Secured $1.8 million in Series A funding.

• 2020: Completed a later-stage venture capital round.

• 2022: Raised approximately $6 million in a later-stage venture capital round.

Notable Investors

• TT Capital Partners

• B-FORE Capital

• Intuitus Capital

• Pendo Investments

Intended Utilization of Capital

The funds have been directed towards expanding operations, enhancing product development, and broadening service offerings to reach more underserved populations.

Pipeline Development

MedZed's service model focuses on delivering telehealth-enabled, in-home care to high-risk patients. The company continuously develops and refines its care delivery processes, integrating medical, behavioral, and social support services to improve patient outcomes.

Technological Platform and Innovation

Proprietary Technologies

• Patient and CareForce Technology (PACT): A logistics and telemedicine platform that enables real-time virtual consultations between in-home care providers and physicians.

Significant Scientific Methods

• Telemedicine Integration: Combining in-person visits with virtual consultations to provide comprehensive care.

• Data-Driven Care Coordination: Utilizing patient data to tailor care plans and interventions.

Leadership Team

• Scott Schnell: Co-Founder and Chief Executive Officer. A serial entrepreneur with a passion for bringing healthcare to underserved populations.

• Neil Solomon, MD: Co-Founder. A managed care executive with experience in addressing the needs of high-risk populations.

• Arnold Stueber: Chief Financial Officer.

• David Shuster: Chief Operating Officer.

• Brian Singer: Co-Chief Technology Officer.

• Alex Gerson: Co-Chief Technology Officer and Chief Information Security Officer.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within MedZed's leadership team.

Competitor Profile

Market Insights and Dynamics

The healthcare industry is increasingly focusing on delivering care to high-risk, underserved populations through innovative models like telemedicine and in-home care. This approach aims to improve patient outcomes and reduce healthcare costs.

Competitor Analysis

• Landmark Health: Provides in-home medical care to complex, chronic patients.

• Cano Health: Offers primary care services with a focus on senior populations.

• Vera Whole Health: Delivers advanced primary care through employer-sponsored clinics.

• VillageMD: Partners with primary care physicians to deliver value-based care.

• Oak Street Health: Operates primary care centers for Medicare beneficiaries.

These competitors focus on providing comprehensive care to high-risk populations, utilizing models that combine in-home visits, telemedicine, and value-based care strategies.