By Anna Lin
Murphy News Service
Retrace Health CEO Thompson Aderinkomi launched his virtual-based clinic in August because of his inconvenient and expensive experience with the traditional clinics.
Retrace Health is a full-service primary health clinic without a physical location that involves live video diagnoses and visits to patients’ home.
Aderinkomi started Retrace Health after his son got a very aggressive cough, fever last December and was first diagnosed with virus then pneumonia, but it turned out it was neither and the fever eventually went away on its own.
Aderinkomi “left (the clinic) very unsatisfied” after four visits and more than $600 spent on top of his health insurance premium.
“I do not think it was worth more than $100 (per clinic visit),” Aderinkomi said. He paid $164 on his son first visit to a clinic.
Retrace Health is a web-based clinic that offers a package for uninsured patients including virtual diagnoses and follow-up, normally lasts 10 to 30 minutes, and in-house visit for $91.80 after tax per visit.
There was 54 members signed up prior to the launch of Retracehealth.com, Operation Manager Kendra Allen said.
Each of the members pledged $300 to help launch Retrace Health and in return, those members receives lifetime membership with unlimited access to everything the clinic offers, Anderinkomi said.
“Thompson and I shared goals and objectives for healthcare,” Elizabeth Jones, Retrace Health family nurse practitioner, said.
Jones and Aderinkomi wanted to drive preventative healthcare in America and reach their mutual goal of creating “affordable, convenient, personal” visit experience.
According to the World Health Report 2000, the World Health Organization ranked United States to be the worst overall health system performance; therefore, Retrace Health focus on “preventative health care” as well as education because of United States’ poor healthcare system in comparison to other country, Jones said.
Retrace Health has made just under $100,000 in revenue since its launch in August and requires roughly 400 visits per month to break even, Anderinkomi said.
Anderinkomi’s projection for his company is to provide people all across the Midwest of this country to have access to the “cheapest, most convenient healthcare.”
Anna Lin is studying journalism at the University of Minnesota.