Using AI to Revolutionize the Primary Care Experience
No one likes going to the doctor's office. Between the long wait times, inconvenient hours, non-central locations, and a seemingly endless stream of paperwork, people tend to put off seeing a doctor until there's something wrong. This puts a strain on the entire healthcare system, as smart, preventive treatment is safer and cheaper than reactive medication.
Instead, we built a new primary care experience that uses AI to assist and automate physician's decisions. Imagine sitting in a doctor's office and instead of having to blindly trust the opinion and experience of one doctor, having thousands of data points available in seconds to help that doctor with their diagnosis. As our patient data grows, so will our technology, as eventually, our AI will be able to diagnose conditions, write prescriptions, and order and interpret tests. Together, we can deliver a stellar patient experience with better long-term outcomes than legacy healthcare.
Modernizing an Archaic Healthcare System
Our AI technology is the key to scaling healthcare, but we're also making an antiquated system more modern. Our customers can use our mobile-first interface to chat with physicians, receive appointment summaries after every visit, and scan insurance information. We have physicians on-site in 100+ businesses for a reason - smart companies are ready for smart healthcare.
Our Vision: AI-Powered Physicians Treat Patients Everywhere
Bit by bit, the system learns from the decisions physicians make, from conversations patients have in our app, and their medical records. With each patient decision, our AI gets a little closer to our ultimate vision: everyone, no matter where they live, can access affordable, high-quality primary care. By focusing on technology, we're building a high-margin business – 7x the margin of traditional primary care.
The Start: Hub-and-Spoke Model
In each market, we have one brick-and-mortar clinic as a base of operations, then scale with employer pop-up clinics. By avoiding the buildout and rent costs of individual clinics, we keep overhead low and can scale quickly and nimbly as corporate demand increases. We’re operating in San Francisco now, and running a successful, oversubscribed pilot in Austin, TX.
Many Ways to See a Physician
Scheduled pop-up clinics. Easy win for HR: 3x fewer sick days for companies with on-site healthcare.
Convenient and secure. Billed like a conventional in-network visit.
At the clinic
Convenient location. Pre-filled data makes visits fast and easy.
Our Growth Tripled in the Last Year
And we're on track to triple again this year.
Projections for Q3 and Q4 2018 are based on seasonal flu shots as well as anticipated volume from three additional doctors/providers. Two of the three have already signed contracts and we have a contract out for the third, so we believe we will hit these targets.
Projections for 2018 and later are dependent on variables outside of our control and there is no guarantee that the numbers will materialize as displayed.
Gross margin of traditional primary care
Our Progress So Far
George's Son Gets Sick
Frustrated at how difficult it was to find care for his ill son on vacation, George decides to build a better primary care.
San Francisco Launch
We opened our first clinic in SF and began the original model of home doctor visits.
Shift to Employer Pop-Ups
Employers love the pop-up clinic model, and Circle pays no rent on these spaces.
End House Calls
Circle now focused on brick-and-mortar clinic and employer pop-ups.
GE Pop-Up Clinic
Largest customer to date as our clients diversify.
Let's Build a Better Patient Experience
September 13, 2018
Dear Potential Investors,
We live in a time of unprecedented change, yet our healthcare system has not evolved. The U.S. spends more money per capita on healthcare in the developed world, yet we have the shortest lifespan.
Software and artificial intelligence can solve the problems of too few physicians, too much data and a cumbersome patient experience.
Most healthcare software companies fail to bring their products to market and die trying to sell great software to well-intentioned but slow-moving hospital systems.
Circle Medical has pioneered a full-stack approach. As both the healthcare provider and the software developer, we can innovate without permission and at startup speed.
And our model works. We have tripled in the past year and are on track to triple again, with margins that are 7x that of a traditional primary practice -- and growing -- as we continue to push the boundaries of automation.
We are already making a dent in the $300 billion primary care market. And we’re just getting started.
I hope you will join us on this wild, bumpy, and incredibly important mission.
CEO & Founder