MedFormatix main venture is Waseel, which was built in partnership with the largest Saudi insurance company; it currently dominates the Saudi health insurance transaction market, electronically connecting most of the Saudi health insurance payers with over 2,000 health care providers. Waseel also expanded beyond the Saudi market helping health insurance regulators and corporate partners building their own transaction systems.


MedFormatix also established the Excellence, which is a licensed health training center, registered in Riyadh. Although it offers training services in the fields of health insurance, management, and policy, and dentistry, its main current business focuses on the training of ICD10AM clinical classifications/coding in partnership with the leading health information management association in Australia (HIMAA)