# Giffen Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/giffen-solutions

- Industry: Software
- Headquarters: Bedminster, US
- Website: www.medx.com/terms
- Latest round: Seed (Apr 13, 2015)
- Investors on record: 1

## About

Giffen Solutions, Inc. is a healthcare technology company focused on enhancing patient-provider communication through automated medical answering services and electronic medical records integration.Founded in 2012 by Michael Fasmbs and Michael Rothkopf in Bedminster, US, Giffen Solutions, Inc. specializes in medical communication services. The company has completed 2 deals, with its most recent deal occurring on April 13, 2015, when it raised USD 1.66 mn in a Seed funding round. The total amount raised by the company stands at USD 1.66 mn.MedXCom, operated by Giffen Solutions, Inc., primarily offers medical communication services designed to enhance healthcare provider-patient interactions. Central to their offerings is an automated medical answering service that enables healthcare providers to manage patient communications efficiently. This service is integrated with electronic medical records (EMR), allowing doctors and nurses to access and update patient health information seamlessly. The platform supports various end-use cases, such as facilitating urgent medical consultations, streamlining appointment scheduling, and enhancing emergency response through immediate access to health information. MedXCom's products cater to a diverse client base, including hospitals, clinics, and individual healthcare practitioners across the United States, the United Kingdom, and select markets in Canada, focusing on improving overall healthcare delivery and patient engagement.MedXCom generates revenue primarily through subscription models for its automated medical answering services and EMR integration solutions. Clients, including healthcare facilities and individual practitioners, pay a recurring fee based on the level of service and features utilized. For instance, a healthcare provider may subscribe to the Doctor-Full Access Account, which allows for comprehensive management of patient health information, while a Doctor-Limited Access Account offers a more restrictive, read-only capability. The revenue structure is designed to accommodate various sizes of healthcare operations, providing flexibility in pricing plans that reflect the scale of services needed. These transactions are structured to foster long-term partnerships, enhancing customer retention through reliable service and support.In April 2015, Giffen Solutions, Inc. raised USD 1.66 mn from Startup Health to support its growth. The company aims to develop new products that enhance its medical communication services, with plans to launch these innovations by the end of 2023. Additionally, Giffen Solutions is targeting expansion into new markets, particularly in Europe and Canada, to increase its client base and service offerings by 2024.

## Funding rounds

- Seed, Apr 13, 2015 — StartUp Health

## Investors

- StartUp Health (https://capitalatlas.ai/funds/startup-health) — Seed