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About: Servolab was founded in 2017 in Kiev with the goal of making healthcare services in Eastern Europe more accessible, cost-effective and efficient through digitalization.
Contact Information:Dimitry Lineburg, CEOE: [email protected]: +972-52-6693095www.servolab.one
STAGE:Seed
THE PROBLEMEastern European countries are characterized with low digitalization in the healthcare sector. Patients go through exhausting process when required to obtain lab tests that can take long weeks and even months until the results reach the doctor.• Increased patient mortality rate due to prolonged treatment time• Lack of documentation that harms the quality of medical care• A prolific “under-the-table” payments industry where labs pay doctors to refer patients to their facilities, a direct result from intransparency
THE PRODUCTServolab connects between patients, doctors, laboratories and pharmacies in a single online platform that digitalizes numerous medical procedures and bureaucracy that results in a better flow of information, increased transpar-ency and cheaper lab test & drugs prices.
CORE FEATURES & BENEFITS
PATIENTS DOCTORS LABS
Receive doctor referrals
Prescribe digital prescriptions
Save operational costs
Compare prices between different labs
Easy access to all medical history
Serves as a marketing platform
Receive test results online
Preventing conflict of interests & bribery
Easier interac-tion with doctors & patients
TRACTIONDuring a three months pilot in Kiev, Ukraine, Servolab has recruited:+40 lab branches400 doctors 2,000 active patients
INDUSTRY: eHealth
EMPLOYEES: 11
FUNDING TO DATE: $300K
USE OF PROCEEDS: Expand operations in UkraineLaunch in Moscow on Y2
EXPECTED MILESTONES:$150K in revenues50K lab tests7 patient-surveys
PROJECTED REVENUES:Y1: $150KY2: $953KY3: $3MY4: $5.8M
BUSINESS MODEL:10-28% commission from labs and pharmaciesBig Data subscription
REQUIRED FUNDING: $900K
TEAM
Kostiantyn ZhurbaCo-Founder & IT Expert
Over 20 years of experience in the software industry. Developed IT solu-tions for global security and data-processing companies.
PavelKundaCo-Founder & COO
Founded and managed Macc Systems. Over 18 years of experience in the Fintech industry.
Dimitry LineburgCo-Founder & CEO
General Manager of the Founder. Talented and dependable administrator, skilled in all aspects of management in profitable companies.
THE MARKET
45%Out of pocketpatients
5Mannual lab tests
$3.3B Pharmaceutical market size
UKRAINE
RUSSIA
KAZAKHSTAN
37%out of pocketpatients
36Mannual lab tests
$22B Pharmaceutical market size
36%out of pocketpatients
4Mannual lab tests
$1.7B Pharmaceutical market size
