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MDaaS Global, a pioneering healthtech firm and operator of Nigeria’s fastest-growing healthcare community – BeaconHealth Diagnostics, has raised a $3 million Pre-Collection A spherical of financing. The spherical was co-led by Aruwa Capital Management and follow-on investor Newtown Partners. It additionally landed further follow-on funding from Ventures Platform, one of many firm’s earliest institutional traders. This new spherical of financing brings MDaaS International’s complete funding to this point to $6.8 million.
The extra capital shall be used to additional develop the corporate’s proprietary know-how platform, BeaconOS, which it launched final 12 months, and to broaden its healthcare community to all 36 states in Nigeria by a mixture of company-owned and affiliate clinics. This strategic transfer propels MDaaS International nearer to its mission of democratising entry to high-quality diagnostics and healthcare providers throughout the continent.
With a give attention to reaching underserved communities, MDaaS International launched its first diagnostic clinic in 2017, offering imaging, cardiac, and laboratory providers. Since then, the corporate has skilled exceptional development, increasing to 17 places throughout 10 states in Nigeria. By way of a mixture of its know-how spine and distributed care community, MDaaS International has served over 275,000 sufferers to this point and at present helps over 1,300 healthcare amenities, firms, and HMOs who depend on BeaconHealth for his or her diagnostics wants.
BeaconOS, the corporate’s newest know-how, serves because the digital spine of MDaaS International’s healthcare community, akin to a pc’s working system, that optimises and connects their bodily clinics, which act because the ‘{hardware}.’ Constructed on high of BeaconOS are a set of functions designed each to streamline healthcare supply at BeaconHealth clinics and to digitally combine with the corporate’s numerous community of accomplice organisations.
Final 12 months, MDaaS launched its first utility, known as Olewerk, for optimising diagnostic workflows, at present deployed throughout all of their 17 places, and developed its first partner-facing utility, Beam, which allows its company companions to seamlessly handle occupational well being for his or her groups.
Talking on the corporate’s know-how technique, CEO Oluwasoga Oni shared, “Years of working inside Nigeria’s healthcare system have given us a deep understanding of its challenges and factors of friction. At MDaaS International, we’re leveraging this expertise to develop know-how uniquely tailor-made to the African healthcare expertise. BeaconOS isn’t nearly fixing our personal challenges; it’s empowering our sufferers and companions with options customised to their wants and revolutionising healthcare supply throughout Africa.”
With this injection of capital, the corporate will develop new functions on the BeaconOS platform that clear up important points within the healthcare system:
- An affiliate clinic portal will facilitate collaboration with accomplice clinics throughout the nation, permitting for real-time affected person referrals, seamless outcomes administration, and standardized high quality management. This digital integration will allow fast enlargement of MDaaS International’s clinic community and broader entry to high-quality diagnostics providers for communities throughout Nigeria.
- MDaaS plans to construct and launch digital integrations with Well being Upkeep Organizations (HMOs), aiming to disrupt the historically guide and inefficient authorizations and claims processes.
- Lastly, the corporate is creating a patient-facing utility that permits sufferers to e-book visits at MDaaS-owned and affiliate clinics, view their outcomes, entry follow-up care, and handle their medical insurance enrollments – all from one central portal.
The necessity for improved diagnostics throughout Africa is important. In 2023, the World Well being Group (WHO) Regional Committee for Africa estimated that solely about 30% of well being amenities in Africa have the mandatory tools to carry out primary diagnostic exams, with marginalised and underserved populations being probably the most affected. Concurrently, the organisation recognized the provision of and entry to diagnostic and laboratory providers as one of many key pillars to reaching common well being protection.
Adesuwa Okunbo Rhodes, Founder & Managing Companion at Aruwa Capital Administration acknowledged, “We’re thrilled to accomplice with MDaaS International on their mission to revolutionise healthcare supply in Africa. MDaaS’ monitor file of constant and spectacular development, in addition to their dedication to bringing high-quality diagnostics to high-need sufferers, resonated deeply with us. As a gender-lens investor, we’re particularly excited to assist an organization that’s driving change for girls throughout Nigeria – over 60% of BeaconHealth sufferers are girls, predominantly of reproductive age – and MDaaS shares our dedication to constructing gender-diverse groups.”
Llew Claasen, Managing Companion at Newtown Companions shared, “At Newtown Companions, we spend money on firms with the potential to make transformative modifications of their industries, and MDaaS International exemplifies this ethos. Since first investing in MDaaS in 2021, we’ve got been regularly impressed by their capability to develop in a difficult market, their insightful strategy to know-how growth, and their formidable imaginative and prescient for increasing healthcare entry throughout Africa. We’re excited to additional assist MDaaS of their journey and are assured of their capability to ship worth to sufferers and stakeholders alike.”
Oluwasoga Oni concludes, “Increasing our community throughout Nigeria is about extra than simply development; it’s about democratising entry to high quality healthcare. With scale comes affordability, attain, and the flexibility to drive systemic change. At MDaaS International, we’re not simply constructing clinics or software program; we’re constructing a more healthy future for all Nigerians, and hopefully, all Africans.”
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