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Nigeria’s Helium Health acquires Qatar’s Meddy in rare Africa-GCC deal – TechCrunch


Nigeria-based health tech startup Helium health Got Medi, Qatar-based, UAE-based doctor booking platform. The amount is private...

Acquisition, Called “greatly” by Helium Health CEO Adegoke Orbushi During a call, it is unusual in the sense that it overlaps with two regions, Africa and the Gulf Cooperation Council (GCC), which are rarely done by technology...

Meddy CEO Harris Agadi And COO Abed Alkarim Khattab Join the helium leadership team as part of the contract. They will “play an integral role in implementing helium’s GCC strategy and operations.”

Helium Health’s acquisition of Meddy is a big play of expansion. The company founded by Orbisi Dimedisophora When Titoobia In 2016, it is well known for its Core Electronic Medical Records (EMR) and hospital management solutions in Africa... But then, under that platform, it has evolved to offer other services, including the billing and payment solution Helium Pay.Unsecured Loan Products, Helium Credit; Patient Provider and Revenue Cycle Management Service Helium Doc; and Data Analysis Services..

With offices in six African countries: Nigeria, Ghana, Senegal, Liberia, Kenya and Uganda, Helium Health has signed more than 500 medical facilities... Today, more than 7,000 medical professionals at these facilities provide care to more than 300,000 patients each month.

generallyEnterprise clients need a variety of services on a single platform, from electronic medical record and management information systems to revenue cycle management, integrated analytics and telemedicine services...

HoweverMost GCC platforms have vertical rather than horizontal use cases. For example, Vezeeta and Okadoc help users make reservations, access remote consultation services, and order medications. Bayzat provides an online platform for HR, payroll and health insurance. Clinicy runs a digital healthcare management system. that’s why, For enterprise clients to get an overall EMR experience, they need to do the following: Stack these different products on top of each other.

Sci-fi-based Helium Health has a wide range of B2B products, but lacks in these other areas, especially telemedicine and booking, which are more consumer products. The company could have built these services, but the acquisition of Meddy offered a better option for its extended play. In addition to providing a physician booking platform and telemedicine products for managing appointments and patient reviews, Meddy provides a marketing solution for hospitals to increase their online presence and attract new patients...

With Meddy, Y Combinator and Tencent-backed Helium Health is now able to cover the wide range of services needed by health groups. Meddy will be integrated with Helium Health’s patient provider and revenue cycle management platform under the name Helium Doc...

“Few people at GCC can offer a suite like us. If so, they’re doing it at such a high price that they’re already lowering the market price in that sense.” Orbushi told TechCrunch.

“But we can offer you a complete suite of bookings, marketing solutions, EMRs, hospital management information systems and everything you can do in a one-stop shop. It’s a lot to you in the process from what you try. Save stress Integrate Many different systems.. “

Aghadi adds that the partnership provides clients with interoperability and features not found on other EMR or individual siled platforms.

Many legacy and new products do not have open APIs, making it difficult to move data between them. NSHealthcare providers feel that they are at the mercy of losing interoperability using such platforms. Make non-informed health decisions..

“Interoperability is a huge challenge in the region and having a one-stop place like us is We’ll solve that, “said Agadi.

Two obvious factors are leveraging what other healthcare platforms lack and investing in the GCC region (investment in digital infrastructure). Accounts for 30% of medical investment (Between 2023 and 2030) — There is a third, more subtle factor, pointed out by Orbisi and Agadi, that propelled this acquisition and partnership: Team..

According to both founders, the Helium Health and Meddy teams are the same in terms of operations, technology implementation, culture, and market prices. These similarities made it easy for both companies to approve the transaction within four months.

“Beyond real products and market opportunities, it was possible to do this. For real Team composition, how well they performed the fact that they share DNA and culture It’s similar to Ours, “said Orbushi...

Meddy currently serves more than 150 private clients in the UAE and Qatar. Backed by just $ 1.8 million in VC funding, the company has facilitated bookings for more than 200,000 doctors, allowing healthcare providers to make approximately $ 130 million in claims...

As the two companies work together, the next plan is to find a way to serve the GCC market with a complete EMR solution, while at the same time deploying telemedicine and doctor booking services for African clients, Orbushi said. say...

“In the coming months, much of what we’re doing is being able to better deploy these integrated product suites on the market and offer more services,” he said. Told... “That is, doubling and trebling client-based growth over the next few years. Expand your reach further to ensure that Helium Health is the leading health technology provider in the GCC region However Like africa.. “

Nigeria’s Helium Health acquires Qatar’s Meddy in rare Africa-GCC deal – TechCrunch Source link Nigeria’s Helium Health acquires Qatar’s Meddy in rare Africa-GCC deal – TechCrunch



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