RepeatMD

RepeatMD

Mobile rewards platform for medical practices

About RepeatMD

Simplify's Rating
Why RepeatMD is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

AI & Machine Learning

Healthcare

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$55M

Headquarters

Houston, Texas

Founded

2021

Overview

RepeatMD assists medical practices, particularly Med Spas, in boosting their revenue through a mobile rewards platform. They create customized mobile apps that allow patients to purchase treatments and memberships while earning rewards, enhancing patient engagement and loyalty. The company stands out by using artificial intelligence to automate patient reminders and facilitate referrals, which helps practices retain patients and attract new ones. RepeatMD's goal is to provide a comprehensive solution that streamlines the purchasing process and increases sales for medical practices.

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Simplify's Take

What believers are saying

  • RepeatMD surpassed 1 million users, ranking in the Top 200 shopping apps.
  • The partnership with BENEV enhances patient experience and industry presence.
  • Secured $50 million in funding to expand revenue automation in aesthetics and wellness.

What critics are saying

  • Increased competition from emerging SaaS platforms could dilute RepeatMD's market share.
  • Reliance on partnerships like Affirm poses risks if partnerships dissolve or face challenges.
  • Rapid growth may lead to operational challenges and strain on resources.

What makes RepeatMD unique

  • RepeatMD offers a unique mobile rewards platform for Med Spas and wellness practices.
  • The company integrates AI to automate patient engagement and enhance retention rates.
  • RepeatMD provides customized mobile apps, enabling direct treatment purchases and patient financing.

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Funding

Total Funding

$55M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$40M
RepeatMD
$100M
GitHub

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Stock Options

Unlimited Paid Time Off

Hybrid Work Options

Parental Leave

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

-1%

2 year growth

-1%
Business Wire
May 9th, 2024
Repeatmd Surpasses 1 Million Users And Ranks Top 200 Most Popular Shopping Apps

HOUSTON--(BUSINESS WIRE)--RepeatMD, a SaaS company that combines rewards, patient financing, and ecommerce to boost revenue and loyalty for aesthetics and wellness practices, has signed up over one million patients on its mobile app: MyRepeat - Patient Rewards. While reaching this major milestone, RepeatMD has also made it to the Top 200 most popular apps in the Apple App Store’s elusive “Shopping” category, ranking as high as #126. It has beat out popular shopping apps like Ebay, Olo, and SSENSE. Both achievements represent major milestones for RepeatMD on its mission to help providers conveniently grow their practices while focusing on what matters most: transforming patients’ lives

PR Newswire
May 7th, 2024
Benev Partners With Repeatmd To Elevate Patient Experience In Medical Aesthetics

MISSION VIEJO, Calif., May 7, 2024 /PRNewswire/ -- BENEV, a leading FDA-registered manufacturer renowned for its innovative products in the health and beauty market, is pleased to announce a strategic partnership with RepeatMD effective immediately.At BENEV, our core mission is to inspire a more vibrant life and create a more beautiful world through products and services that revive, restore, and renew. As a Global Partner in Medical Aesthetics, we seek alliances with companies that share our vision of industry disruption and true value creation.RepeatMD aligns perfectly with our ethos. Their transformative platform is designed to empower practices in the medical aesthetics industry to enhance their patients' lives. By seamlessly integrating rewards, patient financing, and e-commerce into a user-friendly mobile app, RepeatMD generates new revenue streams and delivers unparalleled patient experiences.Key Highlights of RepeatMD's Impact on Medical Aesthetics:Practices: Trusted by over 3,500 practices nationwideTrusted by over 3,500 practices nationwide Patients: Serving a community of over 1 million patientsServing a community of over 1 million patients Revenue Generated: Over $950 million in revenue"We are excited to join forces with RepeatMD, a company that shares our commitment to revolutionizing the medical aesthetics landscape," said Ethan Min, CEO of BENEV. "Through this partnership, we aim to further enhance the patient journey, drive innovation, and set new standards for excellence in the aesthetics industry.""The partnership between BENEV and RepeatMD is set to transform the industry by enhancing the connectivity between cutting-edge product solutions and state-of-the-art digital engagement tools. This collaboration will set a new benchmark for service excellence and patient satisfaction in the medical aesthetics field," said Phil Sitter, Founder and CEO of RepeatMD.With RepeatMD's unique approach of putting aesthetic patients on their proprietary repeat technology, the collaboration between BENEV and RepeatMD promises to elevate the standard of patient care, streamline operations, and unlock new opportunities for growth and success.This partnership between BENEV and RepeatMD is poised to transform the medical aesthetics experience and empower practices to thrive in this dynamic healthcare landscape.About BENEV Company Inc.BENEV, established in California in 2000, is an FDA-registered drug manufacturer, specializing mainly in topical solutions for skin and hair, including its exosome products, as well as innovative medical devices such as PDO threads and radiofrequency microneedling device, in the U.S

Hit Consultant
Nov 28th, 2023
RepeatMD Secures $50M to Automate Revenue Generation in the Aesthetics & Wellness Industry

RepeatMD has successfully secured a significant financing round, co-led by Centana Growth Partners and Full In Partners, with participation from PROOF.

Business Wire
Nov 28th, 2023
RepeatMD Raises $50 Million in Series A Funding by Automating Revenue Generation in the Aesthetics & Wellness Industry

RepeatMD, a SaaS company leveraging Inbound Revenue to increase sales for aesthetic and wellness practices, has secured $50 million in Series A fundin

Cavil Consulting
Nov 27th, 2023
RepeatMD lands capital to grow its aesthetics and wellness booking business

Today, RepeatMD announced that it's raised $40 million in a funding round led by Centana Growth Partners and Full In partners with participation from Proof and Mercury Fund, along with a $10 million loan from Silicon Valley Bank.

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