Medmo Raises $15M to Fix the Broken Medical Imaging Referral Process

"Healthcare's shift to value-based care has exposed a critical gap: while providers are increasingly measured on patient outcomes and cost efficiency, they still coordinate care through fax machines and phone calls. This disconnect is particularly acute in medical imaging, where a single missed MRI can delay cancer diagnosis, or a patient traveling to an out-of-network facility can add thousands to healthcare costs."

"Medmo has built an orchestration platform that gives value-based care organizations, specialists, and health plans the digital infrastructure they need to manage radiology referrals at scale. By tech-enabling the existing referral workflow rather than trying to replace it, the platform has facilitated over 1 million patient journeys across all 50 states, helping providers achieve 30% higher completion rates while steering patients to higher-value imaging centers that reduce costs by up to 35%."

"Who were your investors and how much did you raise? Critical care pathways start with radiology exams, and our Series A raise of $15M, which builds upon $9M in 2023, is a further proof point of our efforts to tech-enable our providers' existing workflow, enabling them to gain visibility into patient journeys, improving overall performance, and ensuring patients receive the right care and a positive experience."

Value-based care incentives expose operational gaps as providers remain reliant on fax and phone coordination, causing missed imaging, delayed diagnoses, and elevated costs when patients use out-of-network facilities. Medmo delivers an orchestration platform that equips value-based care organizations, specialists, and health plans with digital infrastructure to manage radiology referrals at scale. The platform tech-enables existing referral workflows instead of replacing them, and has supported over 1 million patient journeys across all 50 states. Reported outcomes include 30% higher completion rates and steering patients to higher-value imaging centers that lower costs by up to 35%. Medmo completed a $15M Series A led by Covera Health, building on $9M in 2023 and bringing total funding to $30.9M.

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