Question 1

Are the remote specialists/physicians contractually obligated exclusively to Emd Health Centers? If not, are you concerned about other competitors also using these doctors, reducing the pool of available physicians?

Accepted Answer

John, Thanks a lot for your questions. The competitors cannot open similar clinics due to our patents. The remote Physicians are not obligated to work exclusively for eMD Health Center. This is of less concern due to our patent rights (US Patent 8,589,177) valid until end of 2024. The present pool of physicians are aware of eMD's patent rights and it would be a willful infringement in case they work for the competion without permission. Our current arrangement with the physician pool covers t...

Question 2

if I want to send a check, who do I make it out and address to send payment

Accepted Answer

The payment option's are determined by wefunder and shows up when you are investing. They send an email directly to the investor if the option is offered and then selected.

Question 3

Hi eMD team, I love your idea of providing remote health care to rural population that require specialty physicians. Would it be correct to say that eMD's biggest challenges are: a) recruit of specialty physicians when you scale out to more and more clinics. b) good internet b...

Accepted Answer

Recruiting is one of the challenges. Our team of physician have access to a large network of physicians. Lot of retired or about to retire physicians have already expressed great interest in extending their involvement in Patient Care. Additionally, Female Physicians raising kids or other physician's who want to reduce their overhead are keen on joining. The rural bandwidth is not a problem in towns which have a high school. Our clinic locations are planned in such towns with population of 2-...

Question 4

Hi eMD team, if a patient comes to one of your rural clinic and the specialty doctor determines that this patient has an emergency, what can/would your clinic do since your clinic is not equipped to handle emergency care.

Accepted Answer

Thank you John. The Clinic is like a regular Doctor's Clinic for scheduled patients and not for emergencies or urgent care. However if somebody does have an emergency during his/her schedule time we will call 911 like any other doctor's office.

Question 5

I am interested in your visionary idea and reviewing your financials -- can you share the sales line item in year 1? Is that the fees for lab work and licensing fees or something else? Also, what is the make up of your COGs vs. expenses? How does the machinery cost factor in? ...

Accepted Answer

Thank you Michelle for the questions. The COGs are operational cost of clinics like rent, medical equipment lease, utilities and salary of employees (2 initially one medical assistant and one front office). The expenses are salary of two employees for five clinics in a cluster for supervision and backup, marketing, IT, legal, corporate and everything else. The first line item if you asking about 0.26M is the cumulative revenue from having 3,500 to 4,500 patient visits over a 12 month period f...

Emd Health Centers

Brick-and-mortar telehealth company connecting rural America with remote urban specialty physicians

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