The startup provides a platform that enables medical device manufacturers and aesthetic medical practices to access real-time visibility and remote management of their device inventories. This solution allows physicians to utilize the latest technology and data analytics, enhancing their operational efficiency and competitiveness in the aesthetic market.
Funding
$419M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Medical device manufacturers and aesthetic medical practices often lack real-time visibility into their device inventories, leading to inefficiencies in operations, sales, and marketing. The lag time between deal submission and approval, coupled with manual processes, hinders the ability to quickly adapt to market demands and capitalize on sales opportunities.
Solution
MedShift provides a suite of software solutions designed to streamline operations, accelerate sales, and enhance connectivity for medical device manufacturers and aesthetic medical practices. The Velocity Enterprise platform automates order processing, commission calculations, and shipping, while integrating with existing ERP and financial systems. Velocity Lending offers a salesforce-friendly app that enables real-time pricing, financing approvals, and automated documentation delivery directly from the customer's office. Pulse IoT solutions add intelligence to medical devices, enabling real-time utilization tracking, remote software management, and two-way communication. Velocity Marketplaces, including the MedShift Store and Be Her community, provide access to a curated collection of top-selling products and devices, along with training and business mentorship opportunities.
Target Audience
MedShift serves medical device manufacturers, aesthetic medical practices, and distributors seeking to optimize connectivity, improve profitability, and drive accelerated growth.
Features
- Velocity Enterprise: Automates order processing, commission calculations, subscription management, and shipping.
- Velocity Lending: Mobile app for instant pricing quotes, financing approvals in 15 seconds, and automated documentation.
- Pulse IoT Board & Cord: Adds real-time utilization tracking, data location, and remote software management to medical devices.
- Velocity Unified Commerce: Integrates e-commerce, field sales, and customer service into a single platform with virtual payments and subscription management.
- Velocity Marketplaces: Access to the MedShift Store and Be Her community for curated products, training, and networking.
- Digital Inventory: Provides real-time visibility into inventory levels and product locations.
- Automated Commissions: Calculates sales representative commissions automatically and consistently in real-time.
- Integrates with existing ERP and financial systems for seamless data synchronization.