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SaaS Interviews with CEOs, Startups, Founders

1568 Why This Medical Tech CEO Is Considering 50% Sale of His Company for $3m

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 9 November 2019

⏱️ 13 minutes

🧾️ Download transcript

Summary

Andre D. Etherly is the Founder of eMedicalFusion, LLC. He holds a Masters of Science, Information Systems Technology, from George Washington University. Seeing the unmet needs of Direct-pay medical practices, he founded eMedicalFusion to design and build solutions that enable Direct-pay practices to succeed and excel both clinically and financially.

Transcript

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0:00.0

Launch this company back many years ago, bootstrapped it, then raised about a million bucks.

0:05.1

This was back in 2011.

0:06.1

Now about 10 people, again, helping and selling to small physicians across maybe one, two,

0:11.3

three locations helping them and really becoming their payment provider and running many,

0:14.7

many different parts of their business.

0:15.6

100 customers today, 700 bucks a month.

0:17.3

We're doing about 700 grand per month on revenue, less than 5% revenue churn per year, growing 20 to 30% year over year.

0:24.4

Hello, everybody. My guest today is Andre Etherly. He is the founder of E-Medical Fusion LLC.

0:29.3

He holds a master's of science information system technology from George Washington University.

0:34.0

Seeing the unmet needs of direct pay medical practices, he founded the company to design and build

0:38.1

solutions that enable direct pay practices to succeed and excel both clinically and financially.

0:43.3

Andre, are you ready to take us to the top?

0:45.5

Absolutely, sir.

0:46.3

Thank you.

0:46.7

All right.

0:47.2

E-medical fusion.

0:48.7

So first thing, what's the revenue model here?

0:50.7

Is it a SaaS company?

0:52.6

It is a SaaS company, yes. We have a couple of other

0:54.9

revenue streams as well, but principally we're a SaaS company. Okay, that's great to understand.

0:58.6

And then take us back to the product. So give me an example of a customer that's using you guys and

1:01.9

how they use you. So a customer that's using us would typically be some form of a direct pay

...

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