The Medical Concierge Group (TMCG), the leading telemedicine company in Uganda has been selected as one of the top 10 most promising startups for seed-stage investment to be presented at the Africa Early Stage Investor Summit 2020.
In an announcement made by Venture Capital For Africa (VC4A) on 20th October 2020, TMCG was selected from thousands of other startups on the African continent after a rigorous vetting process by venture capital investors and demonstrated strong market potential and growth.
Over 1,000 tech-startups from around the continent applied for the showcase, 80 were shortlisted and reviewed by 30 investors and the top 10 were selected for the showcase to raise up to $1 million in venture capital.
TMCG is currently fundraising $1million for its PreSeries A round to expand its telemedicine and last mile health service delivery model as a platform to reach more people and healthcare providers. The Africa Early Stage Investor Summit is a timely invitation for potential investors to learn of TMCG’s business, investment opportunity and potential for an exponential return on investment and SDG3 impact.
About The Medical Concierge Group
Founded in 2012, The Medical Concierge Group (TMCG) started with a call centre based approach to Telemedicine with a business model serving beneficiaries of clinical research trials and development programs. It has since expanded to add last mile health service delivery and an online shop for pharmacy, laboratory and clinic services covered by medical insurance, subscriptions and on a pay-as-you-go basis.
In 2019, the telemedicine and last mile health service was branded, “Rocket Health”, realising the huge potential for digital transformation of healthcare and a growing tech-savvy population that is demanding to obtain healthcare services affordably and within the convenience of one’s home, workplace and school.
Rocket Health has served thousands of Ugandans and has partnered with the top 5 leading medical insurance providers in the country including UAP Old Mutual, ICEA, Prudential, Liberty and Sanlam to provide covered members with doctor consultations over the phone, laboratory sample collections, prescription deliveries, chronic care management and patient follow-up services.
The adoption of the telemedicine service has greatly impacted the insurers with cost savings of up to 50% compared to conventional healthcare. Also, patient satisfaction has improved greatly as a result of the convenient, affordable and patient-centric approach to care delivery.
The showcase is scheduled to take place on Tuesday, 3rd November⋅13:00 – 18:00 CET (15:00 – 20:00 EAT).
To be part of the 2020 Africa Early Stage Investor Summit, register here.