Medibank backs health startup Medinet with $10 million

- March 17, 2022 2 MIN READ
Medinet's My Practice GP consultation app.
Health insurance fund Medibank Private has taken a minority stake in telehealth app Medinet with a $10 million investment.

The app offers 24/7 telehealth consultations with a GP as well as door-to-door prescription delivery.

The funds will be used to scale and develop the platform’s technology.

Founded in 2019 by a group health care professionals, Medinet is now used by an average of 10,000 Australians daily in collaboration with GP clinics nationally.

Using Medinet’s MyPractice app, GPs can offer consults with their patients over video, audio and chat, and generate digital referrals to specialists, pathology and imaging.

Medibank Private had already partnered with Medinet so international students from non-English speaking backgrounds had access to a GP.

Medianet previously raised $3 million in angel funding.