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RedApple Digital Health

Find and connect with healthcare providers

USA, California
Market: Internet and IT, Another
Stage of the project: Prototype or product is ready

Date of last change: 21.05.2020
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Idea

Healthcare providers of various types can list their practice on our platform. By offering a robust suite of tools and features, we want to stand out from the competition as the most inclusive and innovative platform for healthcare providers and patients to connect.

Current Status

We have a working prototype that we will be releasing publicly on the web in June. We are currently working on our native mobile apps which will be released on the app stores later this year.

Market

The trend toward digital healthcare is accelerating. Within the last couple of years, 80% of patients turn to the internet for healthcare recommendations. 45% of patients request appointments with doctors via digital means. 66% of healthcare systems provide online scheduling tools.

Problem or Opportunity

We believe patients need better tools to find the best healthcare providers. Patients can easily get lost in a sea of recommendations, and search results, without ever getting relevant information in return.

Solution (product or service)

We are creating the simplest most user friendly way for patients to connect with the best providers. As a part of this, we’re offering healthcare providers the best way to list their practice online and operate their business remotely.

Competitors

Our competition is still relatively young, the most established of which is ZocDoc - founded in 2007 which now has a 2 billion dollar valuation. We believe that we offer something substantially different and that we can compete.

Advantages or differentiators

We are first to market with the matching and filtering in the style of a dating app as applied to patients and Healthcare Providers. We offer a full suite of tools for healthcare providers of different types, not just doctors, to connect with and carry-out their practice. We are priced better with a freemium model

Finance

At $1,000 per year, with a million potential healthcare providers that’s a total addressable market of $1billion dollars year over year in the US alone. Globally the market is even bigger.

Business model

We plan on marketing this locally and growing state by state. We expect year over year growth once we gain traction to get to our valuation goal within five years. As with many SAAS businesses we expect exponential growth at some point.

Money will be spent on

Our first priority is to stabilize and scale our web application and build out its native counterparts. We want to start gaining traction within the next few weeks. As we onboard our first customers we want to test for resilience while also adding useful features in response to customer feedback. In the long term… We want paying customers! We plan on starting locally on the west coast and growing from there. We plan to add new practitioners and practice types as we grow. We plan on continuously optimizing our algorithms and introducing AI to make it even easier for patients to connect with the right healthcare providers.

Offer for investor

20% equity

Risks

During this pandemic especially, we know we have something valuable to offer the market. We are being careful with HIPAA compliance, and regulations, but that remains a risk in the healthcare industry. We are aware of competitors, like ZocDoc, Doxy.me, and TeleDoc, that may be able to gain more traction and pivot in our direction.

Incubation/Acceleration programs accomplishment

N/A

Won the competition and other awards

Frost and Sullivan Award for the Founder

Invention/Patent

US 2019/0333613 A1
Pub. Date: Oct. 31, 2019

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video