Category
- Band stories
Written by
Karl Shin (CEO)
Date
Empty
The phrase 'medical services centered on hospitals and clinics' actually has a very broad meaning. It covers a wide range of things. Especially in recent times, beyond medical services solely for treating diseases, the types and scope of services aimed at improving quality of life have been expanding rapidly. While we tend to refer to both of these as 'medical services', for both users and providers, they are essentially quite different in nature as service goods.
If we narrow our focus to medical services that aim to enhance quality of life, consumers have recently experienced many groundbreaking cases. For example, the price, speed, and quality of LASIK/LASEK surgeries today have all improved exponentially compared to a decade ago. Various medical fields that offer 'beauty and youth' to improve life quality have also grown, providing high-quality services on a larger scale through continuous innovation and improvement. All the remarkable advancements mentioned above begin with the rising productivity and expertise of those medical services.
This is exactly where Medibuilder's business begins. Medibuilder is already actively contributing to elevating both the productivity and expertise of medical services. We see major potential in applying this approach more structurally across diverse areas that relate to quality-of-life medical services, believing it can truly change the game. We've actually tested hypotheses in the cosmetic procedure space and have seen productivity increase by three to four times compared to the previous model, giving us strong confidence that benefits can rise for both hospitals/clinics and consumers. This is why the company decided to commit to working with our base even though it was already generating profits.
Of course, what must not be overlooked is that any medical service, regardless of type, must be firmly based on safety, health, legality, and social ethics. We believe that structuring these aspects within a business framework actually allows for even stricter compliance. Medibuilder, eager to take on a big game, is naturally held to even higher standards because of this.
Of course, what must not be overlooked is that any medical service, regardless of type, must be firmly based on safety, health, legality, and social ethics. We believe that structuring these aspects within a business framework actually allows for even stricter compliance. Medibuilder, eager to take on a big game, is naturally held to even higher standards because of this.
From the standpoint of a VC reviewer, when the company we're investing in isn't based on a zero-sum game in the industry, but is pursuing a business that increases benefits for all players, you feel a strong desire to help them succeed together. It's not easy, and it's a new endeavor, but our base is there for their growth, every step of the way.
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