Mediczy, a healthcare startup which offers app-based voice and video medical consultations, is aiming for in its very first year of operations. And that too with only 600 doctors on its panel.
While that may seem a little ambitious at first glance, Mediczy has a ‘magic pill’ for that.
“We intend to generate demand and match that demand with the number of doctors needed. We are not a marketplace and so the number of doctors we want to empanel is not that important for us,” says Suresh Chandrasekar, founder and CEO, Mediczy.
Doozyfive Technologies Pvt Ltd, which runs the app, has 4,000 registered users and has received mass unique visitors on the site till now. The healthcare startup currently charges a flat fee of as per doctor requirements from patients. The startup, which had a soft launch late in 2015 recently looking funding of $500,000 (Rs 3.31 crore) from angel investor/ Ventures capital firm.
While random patients will form part of its customer base, Mediczy is banking on its B2B2C model to scale up its business via tie-ups with employers.
“We have incorporated the PMPM (per member per month) approach wherein a company will pay a very small fee and in return the employees will get a deep discount on consultations.
Mediczy is also in talks with some bigger companies and aims to have 100-200 clients on board in the next one year.
A face-to-face consultation with a doctor at a private hospital in a metro can cost anything up to Rs 1000 in comparison.
Reading the pulse
Mediczy has a panel of physicians, pediatricians, psychologists and nutritionists available round the clock. Anyone having a sudden health issue or searching for a second opinion can access doctors via the Mediczy app. Patients can connect to a doctor instantly or schedule an appointment for a call/voice chat/video chat. The fees can be paid via online payment channels Payumoney.
“Rising mobile and internet penetration in India has made the market mature for telemedicine in the country,” says Suresh.