Why eMedicalFusion CEO Wants to Raise $3M

As the Affordable Care Act goes into effect, confusing new rules combined with an uncertain economy challenge both doctors and patients. Physicians and health providers costs are rising while insurance reimbursements shrink. Increased contract paperwork, new protocols and patient load combined with a long reimbursement cycle cause doctor frustration and patient dissatisfaction.

Luckily, eMedicalFusion was been built as the only management system designed for direct primary care, concierge and retainer practices. Their software has been designed to make planning, prescribing, charting, scheduling, managing, collecting, and growing easier than ever for direct care doctors, concierge medicine, medical spas, and other healthcare professionals.

How much is eMedicalFusion doing in MRR?

eMedicalFusion is a pure-play SaaS business that charges its customers on a monthly subscription basis. At this point in time, the average practice pays them around $700 each month for access to their platform.

According to CEO Andre D. Etherly, the company has grown to serve 100 total customers and is now doing $70k in MRR. The business has grown 25% year over year and is up from roughly $56k in MRR twelve months ago.

What is eMedicalFusion’s churn?

By focusing on executing multi-year contracts, eMedicalFusion has been able to drive stickiness within their customer base. Etherly shared that the company is currently exhibiting 95% gross revenue retention annually.

Specifics around customer acquisition cost were not disclosed however, Etherly explained that the company closes a majority of its deals through Zoom conference calls at this point in time and builds connections by attending conferences.

How much has eMedicalFusion raised?

Founded in 2011, eMedicalFusion has grown to scale with just $1M in total outside funding. Going forward, Etherly is looking to raise $3M to fuel growth at a $3M pre-money valuation.

eMedicalFusion’s team of ten full-time employees is remotely distributed throughout the world.