Ben Mansouri Co-Founder Ben@magnabid.com (888) 559-1112, x102 (310) 210-7247
A MARKETPLACE FOR PATIENTS AND DOCTORS www.magnabid.com
Magnabid is the NAME YOUR PRICE, doctor-direct, medical procedure site and app
Opportunity Magnabid is seeking to raise $1MIL
The company will provide preferred shares equal to 20% of the issued stock This proposes a $5M post money valuation
Minimum investment is $25,000 The board is open to another type of arrangement including convertible debt or a royalty per transaction, with a cap and no equity
Our Team
Mr. Ben Mansouri
Dr. Anita Sabeti
Mr. Pez Zarifian
CEO
President
CTO
She is a prestigious board certified pediatrician having her own private practice in Beverly Hills, CA. She is also president of Luminix-Teen Skin Center which focuses on skin health for adolescence. Anita’s vision is to help high quality medical professionals and patients connect through MagnaBid’s online marketplace.
He is a systems engineer at NASAJPL, leading design of interplanetary small spacecraft. He has led a number of complex software development projects at JPL, for use in designing modern spacecraft. Pez specializes in managing teams of experts to analyze, synthesize, and triage solutions to atypical problems.
He is a technology veteran with over 25 years of experience in developing tech solutions to the world’s biggest brands, creative agencies and technology startups. Ben is a specialist in strategic thinking, managing technology teams and building client relationships.
What Is The Issue? Healthcare costs are out of control Doctors margins are being squeezed by insurance companies and are now doing “self-pay cash pricing” Self-pay is always less, but the docs don’t want it public Millions of patients don’t get “elective” procedures because they think they can’t afford a quality doctor.
Given the cost most people now carry “High-Deductible” Insurance policies Elective procedures like cosmetic surgery and dentistry have little to no insurance coverage
What Is Magnabid?
FOR PATIENTS • A marketplace for patients to find QUALITY doctors and survey the market to find the most affordable price.
FOR DOCTORS • An online lead-generation tool to attract “Self-Pay” patients
• Quality care and lower pricing
• An innovative tool for doctors who are looking for more patients to fill their schedule gaps, low-activity periods, etc.
• No consumer charge and no credit card entry barrier
• Pay a very reasonable subscription for high quality leads and new patients
• Updated quality scores through AI
How Does It Work?
Patients “name their own price� for predetermined procedures Doctors create offers for predetermined set of procedures
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2
3
Magnabid matches the patient with the best available doctor
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Patient schedules her appointment at doctors office with a simple click or uses our call operation to fulfill
Product
Product
Product
Product
Product
Where Are We Right Now?
We have started marketing to doctors in Los Angeles
Launched the App
Over140 doctors and 500+ procedure offers are active in Los Angeles area
We are preparing to start modest consumer marketing – mostly social media, SEO and SEM, as well as PR
Competition
ZocDoc
MediBid
ZendyHealth
A Geolocation based referral company cost $3,000 per year per doctor
Usually used for High priced medical tickets such as hip replacement, etc.. (Subscription base for patients)
Patients find doctors by bidding on price of the procedures. Patients must use their Credit Card before get matched.
5 Year Proforma
Proforma Revenues & Expenses in $1,000 Revenue
Expenses
EBITDA
2019
$74
$701
$(626)
2020
$1,120
$1,520
$(400)
2021
$7,300
$3,759
$3,540
2022
$20,700
$6,130
$14,570
2023
$42,200
$8,200
$34,000
This assumes only a 1.4% penetration of all US doctors in 4 years
Investment Amount Technology 15% $150,000
Admin 5% $50,000
We are seeking an investment of
$1M
Doctor’s Marketing 15% $150,000
Patient’s Marketing 65% $650,000
