Joanna Strober - Midi Health

Quick Overview

Midi Health is the fastest-growing AI-powered women's healthcare platform, focused on closing the significant care gap for women's health issues, particularly those related to hormones, by providing virtual, expert-based, and longitudinal care across all 50 states.

Key Points: Midi Health is the fastest-growing AI-powered women's healthcare platform, designed specifically for women's health issues, often related to hormones. The company addresses a major 'Women's Care Crisis' where 35% of women leave a doctor in under 5 years, 120K women are without PCP coverage, and the average wait time for an OB/GYN appointment is 31 days. Midi operates as an AI-first healthcare platform that personalizes healthcare at scale, ensuring clinical quality and operational efficiency. The platform provides longitudinal care with expert-based protocols, meaning patients see the same person every time, which is crucial for complex issues. Midi has raised $250 million to change women's healthcare and currently serves over 25,000 people a week with national insurance coverage across all 50 states. The company is growing quickly, achieving a $200M revenue run-rate in under four years, with company-leading gross margins improving from 35% to 59%.

Context: Joanna Strober, CEO and Co-Founder of Midi Health, presents at a Founders You Should Know Startup Showcase, detailing the critical need for better women's healthcare access and how Midi Health's AI-powered virtual platform is addressing systemic failures in the current system, especially concerning hormonal health.

Detailed Analysis

Joanna Strober introduces Midi Health as an AI-powered women's healthcare platform addressing a significant care gap that she personally experienced through misdiagnoses and delays in care for issues related to hormones. She highlights statistics illustrating this crisis: 35% of women leave a doctor within 5 years, 120K women lack adequate PCP coverage, and the average wait for an OB/GYN appointment is 31 days. Midi's solution is an end-to-end holistic women's care platform that utilizes expert-based protocols delivered virtually and longitudinally, ensuring patients see the same provider consistently. This approach contrasts with typical models where providers might just sell a product. Midi has raised $250 million to scale this model nationally, covering all 50 states, and serves over 25,000 people weekly. The company is experiencing rapid growth, hitting a $200M revenue run-rate in under four years, while simultaneously improving gross margins from 35% to 59% and accelerating balance sheet efficiency. The platform's core is AI, which personalizes healthcare at scale, ensuring high clinical quality and operational efficiency. The presentation concludes by emphasizing the mission-driven culture and inviting the audience to join the team in making a societal difference.