FastMed

FastMed is a US-based healthcare provider specializing in urgent care, occupational health, and primary care services, ensuring timely access to medical attention for a variety of non-life-threatening conditions. Founded in 2001 and headquartered in Raleigh, US, FastMed operates as a healthcare service provider focused on urgent care. The company has undergone significant growth, now serving a diverse clientele throughout North Carolina. FastMed was co-founded by Andriy Zhylinsky, who has a history of entrepreneurship in the healthcare sector.

Under the leadership of CEO MPH Ayensu-Danquah, the company has successfully expanded its services and partnerships, particularly with organizations like TriWest. FastMed Urgent Care Centers offer a comprehensive range of healthcare services including urgent care, occupational health, primary care, and wellness programs. Their urgent care services address various non-life-threatening medical conditions such as sprains, fractures, respiratory infections, and dehydration, ensuring immediate medical attention without appointments. FastMed Occupational Health Services focus on coordinated workers’ compensation injury care, emphasizing accessible treatment to facilitate timely employee return to work.

The company effectively engages patients through the MyChart system, enhancing access to medical records and appointment scheduling. FastMed generates revenue through direct service provision, billing patients or their insurance providers for urgent care visits, primary care consultations, and occupational health services. The business model is based on fee-for-service transactions, serving both individual consumers and businesses, especially in employee health programs and workers' compensation. This model allows FastMed to secure consistent revenue from both direct-to-consumer services and business partnerships.

FastMed has plans to expand its service offerings and geographic presence, targeting new markets in the southeastern US by the end of 2024. Recent funding will be utilized to support these initiatives, particularly after ABRY Partners exited its stake in the company, though specific financial terms were not disclosed.