STAT Health
- Industry
- Healthcare Services
- Founded Year
- 2005
- Headquarters
- Bay Shore, New York, United States
- Employee Count
- 0
Key People
- Dr. Paolo Coppola - Co-founder
- Dr. Marc Salzberg - Co-founder
Assessment
- Team
-
Aspect: First-time physician innovator
Summary: Founded by two board-certified Emergency Medicine physicians.
The founders' medical expertise is evident; however, their entrepreneurial experience in MedTech is limited, which may pose challenges in navigating the business aspects of the industry.
- Clinical Need
-
Aspect: Strong
Summary: Addressed the need for accessible urgent care services on Long Island.
The establishment of 12 centers indicates a significant demand for urgent care services in the region, suggesting a strong clinical need.
- Competition
-
Aspect: Very crowded
Summary: Operated in a competitive urgent care market.
The urgent care sector is highly competitive, with numerous providers offering similar services, making differentiation challenging.
- Technical Challenge
-
Aspect: Low-minimal Risk
Summary: Provided standard urgent care services without significant technical innovation.
The services offered were standard in the industry, implying minimal technical challenges in implementation.
- Patent
-
Aspect: None
Summary: No known patents associated with the company's services.
The absence of patents suggests a lack of proprietary technology, which could impact competitive advantage.
- Financing
-
Aspect: Well-funded
Summary: Secured Series A funding from two private investors.
The involvement of private investors indicates financial backing, but the extent of funding and its sufficiency for expansion is unclear.
- Regulatory
-
Aspect: 510k/PMA
Summary: Operated within standard healthcare regulations for urgent care centers.
Compliance with healthcare regulations is standard for urgent care centers, suggesting no significant regulatory hurdles.
Opportunity Rollup
- Odds of Success
- 3.4
- Peak Market Share
- 4.75
- Segment CAGR
- <em>Unknown</em>
- Market Segment
- Healthcare Services
- Market Sub Segment
- Urgent Care Centers
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.24 |
| 2 | 0.71 |
| 3 | 1.66 |
| 4 | 3.32 |
| 5 | 4.75 |
Key Takeaway
STAT Health successfully addressed a strong clinical need in a competitive market, leading to its acquisition by CityMD.