RepeatMD
RepeatMD provides a mobile app platform that integrates rewards, patient financing, and ecommerce for aesthetic practices, serving over 3,000 practices and 1,000,000 patients across the United States.
Company Overview
RepeatMD is a platform that integrates rewards, patient financing, and e-commerce into a mobile app tailored for aesthetic practices. The company serves more than 3,000 practices and 1,000,000 patients across all 50 states in the USA. Founded in February 2021, RepeatMD has generated $950 million in revenue for its users.
Services
RepeatMD offers several services to aesthetic practices, including Medcommerce™ which enables patients to shop for treatments anytime, anywhere. Additionally, the platform provides patient financing with a consistent practice fee of 3.99%, allowing financing up to $22,500 per patient. The platform also consolidates various software within a practice to ensure a unified patient experience.
Medcommerce™ Feature
RepeatMD's Medcommerce™ feature allows practices to sell treatments 24/7, providing patients the convenience of shopping anytime and anywhere. The feature significantly boosts practice revenue, with 86% of in-app purchases being made outside the practice. Additionally, 48% of initial treatments come from unlocked rewards within the platform.
Market Impact
RepeatMD has made a significant impact in the aesthetic industry, with practices experiencing a 22% average increase in revenue after adopting the platform. Members tend to spend 44% more than non-members, and patient spend increases by 167% with Affirm financing. Furthermore, 46% of app users are referred by a friend.
Awards and Recognition
RepeatMD has received notable recognition in the industry, winning the Technology Innovation of the Year award at the Aesthetics Awards in both 2021 and 2023. The company, headquartered in Houston and New York City, also raised $50 million in a Series A funding round, underlining its growth and industry impact.