In future, Medbelle wants to tie up with the U.K.'s public health insurance and the National Health Service.
Medbelle is the first digital hospital to raise $7 million in Series A funding. The latest funding was led by Venture Capital. The app offers services from appointments, financing options, consultants, treatments and medical details.
The latest funding from Medbelle is led by Signals Venture Capital, Talis Capital, IBB, Cavalry Ventures and Mutschler Ventures.
Currently, it operates in cosmetics, ophthalmology, and bariatrics. They are aiming for expansion into fertility treatment and orthopedics. Presently, it provides services to private patients only, but further, it is looking to partner with U.K.’s public health insurance, National Health Service and public health insurance providers to increase its reach.
The digital healthcare startup was founded in 2016 by Leander de Laporte and Daniel Kolb. More than 30,000 Britons have already experienced their services and by 2020 it is expected to gain 144,000 users.
Medbelle's Co-founder, Leander de Laporte said,
“Our vision is to create a world in which all patients can navigate their treatment journey digitally and receive personal care at the click of a button. There is a massive lack of digitization and patient care for medical procedures and the little sight of someone changing this entirely. This results in a lack of quality and price transparency, bad communication and patients feeling left alone and neglected in their treatment journey."
Laporte indicated that at present the healthcare providers lack the tools to efficiently operate and that results in “frustration, operational hiccups and unnecessary healthcare costs."
In order to ease this problem, Medbelle via digitally offering trying to offer patients better control over their allocation while also providing healthcare professionals with access to tools including the complete treatment journey.
Laporte further added,
“Patients book their procedure with us, which provides them with prices and a selection of leading, pre-vetted specialists and state-of-the-art operating facilities – with all organizations taken care of by the platform. Once a patient is registered, every aspect of their treatment is accessible via a single, simple web portal and app, or through their own personal Medbelle Care Adviser."
The UK private healthcare startup sector is forecast to reach $13.8 billion by 2023. Therefore, it attracted the investors to put their money on Medbelle as they see it as a profitable opportunity.
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