Primary care in crisis: overrun medical practices, excessive bureaucracy
When we met the founding team of AVI Medical for the first time, we had two types of thoughts: this is crazy; this is genius! They had just told us that they planned to rebuild the German primary care system from scratch.
The pain Avi Medical solves is very relatable for all of us: the hassle involved when trying to see a primary care physician. You know the story: you receive an appointment far in the future, you endure a long wait at the office, and then you spend 10 minutes (at best) with the physician—half of which is spent looking for and discussing your medical history.
It’s often a frustrating experience for both the patient and the physician. In a world where we talk to our grandparents via video chat and get same-day or next-day deliveries on virtually anything, this primary care experience seems outdated.
A new concept that combines the best of medicine and software
We have been looking at a lot of solutions that were addressing this: large but single issues in the healthcare system like telehealth providers, practice management systems, etc. However, we always came to the conclusion that something has to be changed at the heart of the problem: the lack of digitization and efficiency in the patient’s journey.
If something is fundamentally broken you need to build it from the ground up!
Medical practices fit for the modern era
AVI Medical’s software ecosystem includes a patient app covering the whole patient journey, from booking an appointment over pre-triage, telehealth consultations, the office visit, and patient history. The physician and practice staff get support to focus more on the value-adding work that they love and less on administrative tasks.
AVI Medical is also an attractive employer for digital-savvy young doctors who increasingly do not want to run their own practices. The company has now opened its first three primary care practices in Munich.
A founding team determined to fundamentally change the healthcare system
The dream team of AVI Medical complements each other perfectly in skills and experience. All of the founders have the desire to make a real change in the primary care system.
Vlad Lata (CEO) previously co-founded KONUX, a highly successful German startup bringing predictive maintenance to the railway infrastructure. Christoph Baumeister (Chief Product Officer) is a serial entrepreneur who previously founded nello.io and has proven that he can lead teams that make great products. Julian Kley (Chief Operations Officer and medical doctor) left BCG where he worked in the health sector in order to join AVI Medical.
26,000 primary care practices and a total yearly turnover of €17bn – in Germany alone
We believe that the German market with 26,000 primary care practices and a total yearly turnover of €17bn provides a great opportunity to build a business, and we also see opportunities in other European countries since the issues that AVI Medical is addressing are not native to Germany only.
If we can make patients more satisfied and doctors more efficient so they can spend more time with the patients that need it, there is no doubt that patients and doctors will identify the AVI Medical brand with superior primary care.
Teaming up with international investors to bring primary care to the 21st century
3VC joins existing investors Picus Capital, Vorwerk Ventures, Nat Turner and Zach Weinberg (Founders of Flatiron Health), and Daniel Dines (Founder of UiPath) in the 28.5 million euro Series A round led by Addition and Heal Capital. We’re looking forward to a hell of a ride redefining how primary care will look like in the future!
Eva Arh, Principal at 3VC
“We have seen a lot of companies trying to sell software solutions (ranging from practice management solutions to diagnostics) to physicians. It is really hard and rarely scales, even though the solutions would often contribute to better outcomes and more accessible healthcare. We got really excited when Vlad told us that AVI Medical is rebuilding primary care from scratch by opening its own practices and using software to enhance the experience for patients and doctors. AVI Medical brings primary healthcare into the 21st century.”