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How MedApproved CEO Tim Hopkins grew MedApproved to $1.2M revenue with a 20 person team in 2021.

Provider of a SaaS-based system intended to streamline the decision-making process for hospital committees reviewing new products and value analysis initiatives. The company's system serves as a central repository for product requests, capturing all stakeholder analysis, feedback and communications from internal and external sources increasing physician engagement and providing all the necessary tools to facilitate the value analysis workflow, which enables hospitals to make new product decisions with greater efficiency, transparency and documentation.

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MedApproved Revenue

In 2021, MedApproved's revenue reached $1.2M. Since its launch in 2009, MedApproved has shown consistent revenue growth.

MedApproved Revenue GrowthReported revenue / ARR by year$0$300K$600K$900K$1M$2M2009201120132015201720192021$0$1MSource: GetLatka.com
YearMilestone
2021MedApproved Hit $1.2m revenue in April 2021
2009Launched with $0 revenue

MedApproved Valuation, Funding Rounds

MedApproved's most recent disclosed valuation is $3.6M.

MedApproved is a bootstrapped Decision-Making Software startup. Founded in 2009, MedApproved has grown to $1.2M in revenue without raising any venture capital or outside funding.

As a self-funded Decision-Making Software SaaS company, MedApproved has built its business with no outside investment.

MedApproved Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120092009 cumulative: $0 • 2009 Founded: $02009 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold

MedApproved Employees & Team Size

MedApproved employs approximately 20 people as of 2026.

MedApproved has 20 total employees in different roles and functions.

MedApproved Team GrowthReported headcount over time05101520252009201120132015201720192021002020Source: GetLatka.com
YearMilestone
2021Reached 20 employees (April 2021)

Founder / CEO

Tim Hopkins

Tim Hopkins is the co-founder and CEO of MedApproved

Q&A

QuestionAnswer
What's your age?-
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Customers

We do not have customer count information for MedApproved yet.

Frequently Asked Questions about MedApproved

What is MedApproved's revenue?

MedApproved generates $1.2M in revenue.

Who founded MedApproved?

MedApproved was founded by Tim Hopkins.

Who is the CEO of MedApproved?

The CEO of MedApproved is Tim Hopkins.

How much funding does MedApproved have?

MedApproved raised $0.

How many employees does MedApproved have?

MedApproved has 20 employees.

Where is MedApproved headquarters?

MedApproved is headquartered in Hudson, Massachusetts, United States.

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Compare MedApproved to the industry

MedApproved operates across multiple industries. Browse revenue, funding, and growth data for MedApproved in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .