MDaaS raises $3M to enhance healthcare entry and develop community throughout Nigeria

MDaaS Global, a Nigerian well being tech firm that operates a community of tech-enabled diagnostic facilities throughout the nation, has secured $3 million in pre-Sequence A funding.

The spherical was led by Aruwa Capital and Newton Companions, the latter of which was the lead investor within the well being tech’s $2.3 million seed extension in 2021. MDaaS additionally obtained follow-on capital from Ventures Platform, bringing its complete funding to $6.8 million.

Based on its assertion, MDaaS will use the funding to launch BeaconOS, the proprietary know-how platform it launched final yr. The seven-year-old well being tech additionally plans to develop its healthcare community to cowl all Nigerian states by a mixture of company-owned and affiliate clinics.

Entry to healthcare in Nigeria and throughout Africa stays a major problem. Whereas some entry exists, folks are likely to prioritize treating illnesses moderately than prevention. Consequently, life-threatening illnesses, particularly non-communicable ones, usually go undetected till later levels. Enhancing entry to diagnostics and preventive care, a website the place MDaaS has garnered recognition, is crucial in tackling this healthcare problem.

Since our previous coverage a couple of years in the past, the startup has expanded its operations considerably, with a present community of 17 diagnostic facilities throughout 10 states. Wanting forward, MDaaS plans to assemble a further 23 facilities within the coming years. Based in 2017 by CEO Oluwasoga Oni, Opeyemi Ologun and Genevieve Oni, MDaaS provides a spread of companies at its diagnostic facilities, together with imaging similar to digital x-ray and ultrasound, cardiac companies like ECG and echo, and varied lab companies spanning chemistry evaluation to immunoassay and hematology.

MDaaS founders (L-R):Opeyemi Ologun (Nation Supervisor), Joseph McCord (Director of Provide Chain), Genevieve Oni (CFO), Oluwasoga Oni(CEO)

Sufferers entry these services by the platform’s SentinelX app, which serves as a personalised care program permitting them to pay a one-time payment for yearly entry to a health care provider. Initially designed as a customer-centric product, MDaaS has tailored SentinelX to cater extra to companies.

“While SentinelX didn’t perform as well as a B2C product, it has been highly successful as a B2B product. We now focus on serving corporates and conducting annual screenings for their employees,” defined CEO Oni in an interview with TechCrunch. “We’ve also incorporated pre-employment screenings and government-mandated screenings, which have become a significant source of revenue alongside individual customers who visit our hospitals for screenings.”

BeaconOS and an built-in care community are pivotal to MDaaS’s operations and progress in Nigeria.

Because the working system for MDaaS’ diagnostic services, BeaconOS gives the corporate with visibility into the day-to-day operations of its facilities, facilitating simpler administration of affected person visits and medical outcomes for its groups. However, MDaaS’ care community entails collaboration with over 1,300 referring clinicians throughout greater than 1,000 organizations, together with hospitals, pharmacies, well being tech startups, company companions and 34 HMOs.

Since its inception, MDaaS has supplied care to over 275,000 sufferers, leveraging its built-in care community and BeaconOS capabilities. Up to now yr alone, the well being tech served 108,724 sufferers, with ladies constituting 60.8% of the whole. Moreover, MDaaS performed over 240,000 diagnostic assessments, with chest x-rays, urinalysis and full blood depend rating among the many high three procedures carried out.

“We tend to screen a lot of people that work with corporates and what we see is that there’s really high levels of hypertension in the country,” stated Oni, highlighting a number of the most typical analysis on the platform. “We just see that many workers battle with lifestyle and non-infectious diseases like cancer, hypertension, diabetes. The roots of those type of things like that is actually rising, we can see that in our data points and we help them get the care they need.”

To ease the communication between its diagnostic facilities and purchasers, MDaaS rolled out Olewerk to assist optimize diagnostic workflows and Beam to help companions in managing occupational well being for his or her groups. With the brand new funding, MDaaS intends to develop new functions on the BeaconOS platform, together with an affiliate clinic portal for real-time affected person referrals and outcomes administration, and combine with HMOs to streamline authorization processes and develop a patient-facing app for appointment reserving, outcome entry and medical health insurance administration.

“We are thrilled to partner with MDaaS Global on their mission to revolutionize healthcare delivery in Africa. MDaaS’ track record of consistent and impressive growth, as well as their dedication to bringing high-quality diagnostics to high-need patients, resonated deeply with us,” stated Adesuwa Okunbo Rhodes, founder and managing associate at Aruwa Capital of the funding.

“As a gender-lens investor, we are especially excited to support a company that is driving change for women across Nigeria — over 60% of BeaconHealth patients are women, predominantly of reproductive age — and MDaaS shares our commitment to building gender-diverse teams.”