What MedSpeed does

MedSpeed is a private healthcare logistics company founded in 1999 and headquartered in Elmhurst, Illinois, that provides same-day, last-mile movement of medical specimens, pharmaceuticals, supplies, and other operations-critical items for healthcare organizations. The company operates a national hub-and-spoke network of 150+ locations across 33 states, covering more than 60% of the US population, and serves 29 of the top 100 US health systems alongside laboratories, pharmacies, home health agencies, blood centers, and veterinary labs. All deliveries are executed by 3,000+ W-2 employees rather than independent contractors, a structural choice that supports consistent training, chain-of-custody discipline, and a reported error rate of 1 in 20,000 stops compared to an industry norm of 1 in 1,000.

The company's core technology stack centers on the Gen4 platform, which integrates proprietary scan-and-track capabilities, AI-enhanced routing software that analyzes millions of data points, and purpose-built temperature-controlled transport systems with NIST-calibrated data loggers. Revenue is generated through managed-services contracts sold via an enterprise field-sales motion and structured as multi-year agreements with custom quote-based pricing. The sales process is anchored by the Transportation Evaluation and Design (TED) network analysis, which the company reports uncovers unknown couriers or duplicative spend in 70%+ of engagements and non-optimized specimen or pharmaceutical flows in 90%+ of engagements.

MedSpeed is a privately held Delaware-style LLC backed by Water Street Healthcare Partners following an investment announced in August 2024. The firm has expanded its leadership bench with a Chief Product and Technology Officer (December 2025) and a Chief Financial Officer (March 2026), and has been recognized on the Inc. 5000 and Crain's Fast 50 lists and by EY as Entrepreneur of the Year Midwest. Value propositions emphasize 25% average mileage reduction, 26% lower on-demand use, and specimen recollection cost avoidance that averages more than $1 million annually for a typical 3-4 hospital health system.

Name

MedSpeed

Legal name

MedSpeed, LLC

Website

https://medspeed.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

MedSpeed is a private healthcare logistics company that delivers medical specimens, pharmaceuticals, and supplies via a 150+-hub national network for health systems, laboratories, pharmacies, and home health agencies.

Ownership category

akta.pro rank

Product category

Healthcare Logistics Services

NAICS

Couriers and Express Delivery Services (492110), Local Messengers and Local Delivery (49221)

SIC

Transportation Services (4700), Services-Health Services (8000)

akta.pro primary industry

Pharmaceutical Cold-Chain Delivery (2–8°C / CRT) (TLAAAJAC)

Keywords

• Healthcare logistics services
• Medical courier transport
• Specimen delivery services
• Pharmaceutical cold chain transport
• Health system route optimization

Headquarters

HQ city

Elmhurst

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Healthcare Logistics Services: MedSpeed provides same-day logistics services to healthcare organizations including health systems, laboratories, pharmacies, and home health agencies. Services include scheduled route-based deliveries, on-demand/rush/STAT deliveries, and the Transportation Evaluation and Design (TED) network analysis service.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

MedSpeed provides contracted, same-day last-mile healthcare logistics services, moving specimens, pharmaceuticals, supplies, and other physical materials between hospitals, labs, pharmacies, and patient homes. Operations run on a hub-and-spoke network of 150+ locations across 33 states, powered by MedSpeed's proprietary Gen4 platform, AI-enhanced routing software, custom scan-and-track technology, and purpose-built temperature-controlled totes monitored by NIST-calibrated data loggers. All drivers are W-2 employees, and the service is supported by a Transportation Evaluation and Design (TED) network analysis process and a web-based customer portal.

Product overview

MedSpeed is a market-leading healthcare same-day logistics company offering a unified platform of services that connect patients, providers, and their communities. The core offering is the Healthcare Logistics Service powered by the Gen4 Technology Platform, which integrates custom scan and track technology, temperature control solutions, and AI-enhanced routing optimization. MedSpeed serves healthcare organizations through specialized solutions for Health Systems, Laboratories, Pharmacies, and Home Health, all supported by a hub-and-spoke network of 100+ locations across 33 states. The Transportation Evaluation and Design (TED) service provides strategic network analysis and design, while the Customer Portal and On-Demand/Rush/STAT services enable operational management and urgent delivery needs. The company's W-2 employee-based model ensures consistent quality, training, and accountability across all service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Healthcare Logistics Service Same-day, last-mile healthcare logistics service for medical specimens, pharmaceuticals, supplies, and related physical materials across hospitals, labs, pharmacies, and home health sites.
• National Logistics Service Coast-to-coast logistics service for national healthcare organizations, supported by 100+ hubs in 30+ states and more than 3,000 MedSpeeders, with 60%+ of the U.S. population living near a MedSpeed hub.
• Gen4 Technology Platform MedSpeed's latest proprietary technology platform that ensures the right item, location, temperature, and time for every patient- and operations-critical item MedSpeed transports; part of the company's custom technology suite including scan-and-track, AI routing, and real-time tracking.
• Health System Solutions Integrated logistics solution for health systems spanning supply chain, lab, pharmacy, and IT asset management, delivered through MedSpeed's W-2 employee-based team.
• Laboratory Solutions High-quality specimen transport services for clinical laboratories, with temperature-controlled delivery systems and real-time tracking to ensure specimen integrity from pickup to delivery.
• Pharmacy Solutions Safe medication delivery service for pharmacies, supporting both scheduled and on-demand/rush/STAT delivery requirements for temperature-sensitive and controlled pharmaceuticals.
• Home Health Solutions Logistics services for home health agencies, including secure temperature-controlled facilities enabling safe next-day delivery of critical pharmaceuticals directly to patient homes.
• Transportation Evaluation and Design (TED) Network Analysis Consultative network evaluation and design service that analyzes healthcare organizations' existing transportation networks to identify hidden courier spend and optimization opportunities before a MedSpeed contract is signed.
• MyMedSpeed Customer Portal Secure web-based portal for placing orders, tracking shipments, managing on-demand/STAT service requests, and recording temperature state for each delivery in real time.
• On-Demand / Rush / STAT Delivery Service Urgent, time-critical medical delivery service option available 24/7/365 for STAT specimens, medications, and supplies that cannot wait for the next scheduled route.
• Cold Chain Temperature Control Validated cold-chain transport service using purpose-built insulated totes with over an inch of polyurethane insulation, refrigerated vehicles, and NIST-calibrated temperature data loggers with audible alerts for specimens and pharmaceuticals.

Quantifiable outcome

• 20x quality improvement vs. industry standards
• +7 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and secondary.

• L.E.K. ConsultingcoreStrategic or Co-development PartnerCollaborative white paper research partnership on the true value of last-mile logistics in healthcare. L.E.K. Consulting conducted in-depth research and interviews with industry experts, producing a white paper that documents the financial and clinical impact of medical courier errors and how top-tier logistics partners can reduce costs.
• SMI (Supply Chain Marketplace)coreStrategic or Co-development PartnerMedSpeed has been a member of SMI for 10+ years. SMI is a non-profit, member-driven community of healthcare supply chain organizations with over 140 provider and industry partner members. MedSpeed participates in SMI Forums twice yearly and contributes to thought leadership councils.
• American Nurse JournalcoreStrategic or Co-development PartnerAnnual survey partnership with American Nurse Journal (official journal of American Nurses Association) to document the impact of medical courier failures on nursing workflows and patient care. Survey results generate ongoing thought leadership content.
• College of American Pathologists (CAP)coreStrategic or Co-development PartnerAnnual survey partnership with College of American Pathologists to assess laboratory professionals' perspectives on courier performance and its impact on lab operations and patient care.
• Modern HealthcaresecondaryGTM or Marketing PartnerWebinar partnership with Modern Healthcare to discuss healthcare logistics performance, care quality, operational efficiency, and financial outcomes across health systems.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• UPS Healthcare (Marken): UPS Healthcare, including Marken for clinical trials and direct-to-patient, is a global logistics giant with a dedicated healthcare vertical offering specimen, pharma, and medical device transport. A broad incumbent that competes with MedSpeed for enterprise health system accounts and provides global scale MedSpeed lacks.
• World Courier (Cencora): World Courier, part of Cencora (formerly AmerisourceBergen), is a global specialty logistics provider focused on biopharmaceutical, cell and gene therapy, and clinical trial supply chains. Competes with MedSpeed in higher-value pharma logistics and clinical trial specimen transport.
• CEVA Logistics Healthcare: CEVA Logistics operates a global healthcare and life sciences vertical offering transport, warehousing, and distribution for medical devices, pharma, and biotech. Broad incumbent that competes with MedSpeed for large enterprise healthcare logistics contracts and offers international scale.
• FedEx Custom Critical: FedEx Custom Critical provides time-sensitive, temperature-controlled ground and air transport for healthcare, including medical specimens and pharmaceuticals. Competes with MedSpeed on urgent/STAT medical deliveries and serves many of the same large hospital systems and laboratory customers.
• DHL Supply Chain Healthcare: DHL Supply Chain operates a dedicated life sciences and healthcare logistics division covering warehousing, transport, and clinical trial logistics globally. A broad incumbent competing for enterprise healthcare logistics contracts with international reach that MedSpeed does not have.

Direct peers

• Cavalier Logistics: Cavalier Logistics provides medical courier and healthcare logistics services including STAT, routine, and on-demand specimen and pharmaceutical deliveries. A smaller but direct competitor in the U.S. medical courier market serving hospitals, labs, and blood banks.
• BioTouch: BioTouch is a national medical courier and healthcare logistics provider offering specimen, pharmaceutical, and supply transport to hospitals, labs, and research institutions. Direct competitor to MedSpeed in the B2B healthcare logistics space with similar temperature-controlled capabilities and enterprise health system customers.
• Network Medical Logistics: Network Medical Logistics provides medical specimen and pharmaceutical courier services to hospitals, reference labs, and research organizations. A direct peer in the medical courier category with comparable offerings for clinical lab and health system clients.
• Medical Couriers Inc. Medical Couriers Inc. provides medical specimen and pharmaceutical delivery services to hospitals, laboratories, and clinics across multiple U.S. states. A direct competitor in the regional/national medical courier space with overlapping customer base in clinical labs and health systems.
• R Courier: R Courier is a regional medical courier serving Ontario and broader Canada with specimen, blood, and pharmaceutical transport. Regional peer that competes for cross-border healthcare logistics work where MedSpeed's 33-state U.S. footprint meets Canadian demand.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/user/MedSpeedLLC
• Facebookfacebook.com/Medspeed-LLC-167397659940209
• LinkedInlinkedin.com/company/medspeed
• Xx.com/MedSpeed

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MedSpeed