Watch a conversation between StartEngine's VP of Sales Allen Jebsen and CallingDr's CEO Adnan Malik. CallignDr is a telem...
Problem
Infection, Access, and Cost are the prime challenges to healthcare systems today
There are critical flaws in the United States healthcare system and during the COVID pandemic, these flaws contributed to a crisis.
Whether you live in a remote rural area or a congested urban city, gaining access to affordable healthcare that suits your personal needs is no easy feat.
The issues with US healthcare are no secret. Many people cannot get adequate medical treatment because there are so many barriers:
- Lack of insurance
- Cost of care
- Long wait times to get an appointment
- Lack of transportation
- Now chances to be infected when visiting overcrowded doctor's offices
- Lack of specialists in your area
Solution
Telemedicine is a cure to healthcare crisis
CallingDr is helping the healthcare systems by providing viable options to the healthcare community and patients
Telehealth is enabling healthcare providers and payers to address the US healthcare industry's growing list of problems, including rising healthcare costs, an aging population, and the transformation of healthcare from service-centric to consumer-centric, which is straining healthcare system resources and threatening to drive up payer costs.
CallingDr is a device-independent solution that runs on computers, iPhones, Android devices, and tablets. CallingDr integrates the healthcare experience for doctors and patients in five key areas:
Healthcare needs rewiring
The major problems facing the healthcare industry today include:
- Wasteful use of medical resources due to unnecessary hospital, clinic, and emergency room visits and under-utilization of physician time.
- This coupled with the fact that as the baby boomer generation continues to age, and doctor shortages continue to increase.
- Additionally, the lack of mobility options for patients to get to their appointments due to patient aging and other commute-related issues (geographically isolated patients, patients lacking proper transportation) paints a scary picture of the current state of the healthcare industry
CallingDr Telehealth is bridging the gap between people, physicians, and health systems, enabling everyone, especially symptomatic patients, to stay at home and communicate with physicians through virtual channels, helping to reduce the spread of the virus.
Integrated with leading EMRs
Healthcare organizations, systems, technologies are required to work together to provide optimal care. Our telemedicine mobile platform CallingDr, is driven to provide better healthcare options for patients and physicians. We have been partnering with leading EMR companies, smart medical device providers to integrate our white label telemedicine software platform, to increase efficiency and usability for our customers. Our partnerships let providers, patients, and other innovators put healthcare first to make healthcare accessible, affordable, and have an easy reach to a telemedicine doctor on demand.
Product
A 3-pronged answer to telemedicine needs of any size
CallingDr is complete telemedicine and telehealth platform and consists of three main products: CallingDr, CallingDr -OnDemand, and FindingDr. In addition to these software platforms, our company has innovated in healthcare products such as inter-oral cameras. Together these products form a complete solution to provide virtual visits between doctors and patients.
CallingDr Telemedicine a Discussion
with Dr Iram Malik
(This interview is pre-COVID-19 pandemic. Now a days, Telemedicine & Telehealth is widely accepted by insurance companies)
Our product stands out from the competition in number of ways:
CallingDr Intra-oral Camera
making telemedicine a possibility for Dentists
Traction
600% increase in patients visits during COVID-19
CallingDr is enabling healthcare providers to address the US healthcare industry's growing list of problems, by delivering cost-effective, efficient & safe alternative to physical visits for patients and healthcare providers.
CallingDr is being used in diverse ways by our healthcare providers in all situations to look after patients, as the safest and most effective way to deliver healthcare services. During COVID-19 CallingDr had a huge spike in growth and was adopted by Physicians all over the country.
(on CallingDr platform, between March-May 2020)
Customers
Business model
CallingDr & FindingDr are licensed to physicians via a monthly subscription plan
CallingDr Platform as a Service provides platform for practices who wants to launch their own telemedicine portal. CallingDr includes mobile health platform free of charge to patient to maintain their families private health information.
CallingDr OnDemand is a virtual clinical service for patients to access physicians when they need medical help from the comfort of their home.
FindingDr online appointment booking service facilitates patients to find and book appointments. FindingDr provides listing of all physicians and healthcare facilities for patients to find online and book office and virtual visits by click of a button on their smartphones.
Doctors who provide telemedicine using CallingDr are also offered six free months of FindingDr. After the first six months, it costs $100 per month per provider. This allows doctors to promote their practices and increase visibility with our Search Engine Optimization (SEO) services.
CallingDr consists of modules and is a completely customizable platform. Our native IOS and Android apps as well as WebRTC platform is fully configurable for client needs. If the customer wants a customized color scheme with their company logo, with changes in the apps, they can use our extensive white label services to do that. Our white label services start from $20,000 and go up, depending on the level of customization, plus maintenance and support costs. The client then can market the product under their name and sell it to their potential customers. There are several white label projects in the works at the moment. This is a great source of revenue for the company, in addition to our software subscription model.
Market
A quarter-trillion-dollar post-COVID-19 opportunity
COVID crisis has increased a great deal of interest and opportunity in telemedicine space
Forrester analysts estimate coronavirus-related virtual visits could top $1B this year, based on current projections for COVID-19 infections in the U.S. Analysts now expect general medical care visits to top 200 million this year, up sharply from their original expectation of 36 million visits for all of 2020. In March, telehealth visits surged 50%, according to Frost and Sullivan, up significantly from the 10% of U.S. residents having used telemedicine per an October 2019 J.D. Power survey.
Telemedicine has seen a sudden spike in adoption, with many health systems reporting that over half of primary care visits are now being performed via telemedicine.
“Progressive health systems will start to view telehealth as a standard of care option for primary virtual consultation.” Forbes predicts by end of 2020.
Based on a survey by Sage Growth Partner (SGP) and Black Book Market Research, 25% of consumer respondents had used telehealth prior to the current COVID-19 pandemic. 59% percent reported they are more likely to use telehealth services now than previously, and 33% would even leave their current physician for a provider who offered telehealth access.
According to a report by Global Market Insights, the telemedicine market is set to be valued at $175.5B by 2026. These numbers certainly indicate the need for telehealth now and in the future.
Competition
CallingDr is a fully integrated telemedicine solution that addresses deficits in the healthcare system
CallingDr is a complete telemedicine and mobile health platform for patient-doctor video consulting and remote patient monitoring.
We have a solution to connect doctors and patients efficiently and with ease. We have a complete set of tools available for clients to search for healthcare providers, and then connect with them virtually or via office visits.
Vision and strategy
Funding
$2.2m invested so far
Co-founders bootstrapped $1.2M of their own funds to get the company going and the company did a Reg CF campaign through StartEngine in 2019, and raised $710,000. The company was able to acquire strategic private investors to invest another $300,000.
Transformation in US Healthcare
Telemedicine is attracting great interest and investment during the pandemic