A tech platform designed to directly compare the costs of elective procedures in the private healthcare sector has agreed a fresh round of funding worth more than £400,000.
Birmingham-based Get Well Soon has secured £201,000 from the West Midlands Co-Investment Fund which has been matched by the Midlands Engine Investment Fund.
Get Well Soon is part of the Quinton-based Medmin Group and is led by chief executive and colorectal surgeon Simon Radley.
The website launched earlier this year and has been inspired by brands like Airbnb and Uber, with the aim of providing a single place to compare, choose and book consultations with clinicians.
If a patient decides to go to surgery, the price that has been quoted to them will be guaranteed by Get Well Soon if it is booked through the platform.
This new funding will provide Get Well Soon with the resources to further expand its platform linking self-pay patients with private hospitals, clinics and surgeons to help tackle the growing demand for self-pay surgery in the º£½ÇÊÓƵ.
Sign up for your free West Midlands newsletter and follow us on LinkedIn
Email newsletters
BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire.
Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates.
We will also send out 'Breaking News' emails for any stories which must be seen right away.
For all the latest stories, views and polls, follow our
It said it planned to expand its range of procedures and roster of clinicians to add to the 500 already onboard, offering treatments such as orthopaedics, urology and general surgery.
West Midlands Co-Investment Fund, which is managed by Birmingham-based venture capital firm Midven, was set up by the West Midlands Combined Authority and the West Midlands Pension Fund last year.
It was created to support SMEs that offer high-growth potential in sectors such as green tech and digital and Medmin was actually the first company to receive capital from it after a £1.45 million deal was agreed.
Mr Radley said: "We're thrilled to have successfully closed our funding round and want to extend our thanks to Midven for believing in Get Well Soon's vision.
"With this investment, we'll be able to continue enhancing the healthcare industry, providing an accessible, transparent and completely patient-centric platform that empowers patients with the most vital thing - choice.
"Since going live earlier this year, Get Well Soon has had a huge impact for people in the Midlands who have had their lives clipped by injury and discomfort - removing the hoops that patients are expected to jump through when trying to book self-pay diagnostics and elective surgery.
"Now, as we grow, we'll be able to give even more patients access to the information they need to make the best choice for them."
Daniel Gaize, investment associate at Midven, added: "Get Well Soon offers an exciting opportunity to disrupt the delivery of elective private healthcare in the º£½ÇÊÓƵ.
"Their direct-to-consumer model, with a strong emphasis on information, speed and convenience, is poised to facilitate faster and more accessible private medical procedures while meeting the growing demand from self-pay patients."
