Hospitals, Startups

Indianapolis company raises $350K to support “wellness on steroids” clinic

MedCity News has partnered with BioCrossroads to provide coverage focused on Indiana’s next generation of […]

MedCity News has partnered with BioCrossroads to provide coverage focused on Indiana’s next generation of growth and innovation in life sciences.

Expedite Healthcare has raised a fresh round of money to help people with high-deductible insurance plans stretch their healthcare dollars. The Indianapolis company offers several monthly subscription plans that cover primary care and preventive services. The rates range from $49 to $99:

  • Individual/family under 30: $49
  • Individual/family over 30: $59
  • Couple: $99
  • Family add per dependent: $25
  • Group rates available for employers

According to their website, this fee includes physicals, tests, urgent care for illness or minor non-emergency injuries, and chronic-disease management. Members have access to a licensed clinical social worker. The company also offers lower-cost prescription drugs, radiology, and lab work. Expedite does not bill insurance companies, although it recommends that members have insurance to cover specialist visits and pregnancy.

In an interview with MedCity, CEO of Expedite Healthcare, Brose McVey, said that most health centers work in a traditional reactionary and episodic manner. This approach doesn’t work any more.

McVey said Expedite plans to use, “technology, mobile apps, and telemedicine to interact with patients in order to get ahead of the curve to prevent  illness instead of treat it.” He calls this approach “wellness on steroids.”

McVey added that the company has been planning for future growth by working with Gavin Quinnies, CEO of US Health Center, and Dr. Alan Snell to, “focus on emerging patient health risks as well as designing new ways to maximize patient engagement and clinical care through use of new technology.”

According to a regulatory filing, the company has raised its entire goal of $350,000. Expedite Health is anticipating another round for growth capital in the future as well to support technology innovation and to expand to two or three other facilities.

Shares0
Shares0