I think it’s always best to avoid taking outside investment whenever you possibly can for a couple of important reasons. By that point, we were already sort of toying with the cash flow process we’ve been a really capital efficient company from the very beginning and haven’t brought in a lot of outside investments. Once we decided we wanted to scale, we brought in a few angel investors. I provided the initial funding for the company from the sale of my previous company and that took us through most of 2014. You raised a round in late 2015 after being self-funded.
#Md clockwise how to#
We needed those early customers to help us not only refine the product and learn what features it needed, but also how to pitch it and communicate to prospective customers what impact it could have on their business.
From that one show, very early on, we got about five or six decent-sized customers. It generated a lot of attention and we got quite a number of leads. Our break was when we signed for a medical trade show in the urgent care industry. We were pretty big advocates of the Lean Startup Methodology approach. Once you had that idea kernel, how did you validate your idea? Healthcare traditionally has not been a customer service-driven industry until very recently and it’s still in its very early stages of having that sort of customer focus. We looked at other industries that have made substantial progress in customer experience and we tried to apply those concepts to healthcare. I went to a startup weekend event, recruited a couple of young engineers to join the team and did the nights and weekends thing for a little while. I said, I think it might be more compelling if you can take the kernel of that idea and apply it to healthcare. I got an idea from one of my friends who is a cardiologist: he had this idea about going to a restaurant and knowing how long before your food would be ready.
How did you come up with the idea for Clockwise.MD? “Our folks really like to have a lot of fun.”īurke talks to Hypepotamus about the importance of validating your idea, his best funding advice and what’s next for the medtech startup.
“We’re very dog friendly, says CEO Mike Burke. Take a look at their adorable About page featuring employees’ pets. Win-win.īut this startup is not all work, no play. Patients skip the wait and the healthcare facility gets better ratings and patient retention. Their software is already used at over 1,300 urgent cares and ERs, including Children’s Healthcare of Atlanta.
#Md clockwise software#
Well, your wish is Clockwise.MD‘s command: this startup’s virtual queue management software holds your spot in line and sends you live updates on wait times.Ĭlockwise.MD’s leaders, also Venture Atlanta alumni, say that if on-demand food delivery apps can estimate to the minute how long it will be until your dinner arrives, that same principle should be applied to healthcare. If only there was a way to proceed with your day and be alerted when your appointment is coming up. You stop by your local urgent care facility and the wait is estimated at over an hour- which quickly turns into two, maybe more.
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