A name between medical doctors can save lives. That’s what Docquity co-founder Indranil Roychowdhury realized when his father was hospitalized with a life-threatening situation in India. An emergency room physician initially instructed him that there was no probability of survival, however then one other physician referred to as certainly one of his friends in the US, and so they got here up with another therapy plan that labored. Docquity was created to assist medical doctors collaborate in the identical manner, at scale, even when they reside in several nations.
The Singapore-based firm introduced at this time it has raised $44 million in Collection C funding led by returning traders Itochu Company, which put in $32 million. The remainder of the spherical got here from traders together with iGlobe Companions, Alkemi, World Mind, KDV and Infocom.
Roychowdhury instructed TechCrunch that after his father’s expertise, he and his co-founders, Amit Vithal and Abhisek Wadhwa, questioned why “in at this time’s day of social media, it took a telephone name to avoid wasting somebody’s life.” Docquity was based in 2015 so medical doctors and different healthcare professionals have a neater manner of working with each other.
The brand new capital brings Docquity’s whole raised to $57.5 million. It says it’s the largest group of healthcare professionals in Southeast Asia, with greater than 350,000 medical doctors on board. The funding will likely be used to develop Docquity in its current markets, like Indonesia and the Philippines, and enter new ones, together with Japan, the United Arab Emirates, Saudi Arabia and Egypt. It just lately launched in Taiwan, the place greater than 2,000 medical doctors have signed up to date. The corporate claimed two-fold income progress in 2021.
The corporate now has a group of 300 individuals and except for its Singapore headquarters, additionally has a tech and engineering hub in Gurgoan, India, and different workplaces in Indonesia, the Philippines, Malaysia, Thailand, Vietnam and Taiwan.
Along with giving medical doctors instruments to attach and collaborate, Docquity has partnered with greater than 250 medical associations in Southeast Asia to develop studying modules, which can be utilized to earn obligatory persevering with medical training (CME) credit. The corporate says that to date, its platform has enabled medical doctors to earn a complete of 4.2 million CME credit.
Docquity has three core options. The primary, Docquity Academy, companions with universities and senior medical practitioners to create studying instruments for medical doctors. The second, Docquity Clinic, permits medical doctors to have follow-up consultations with their sufferers. Lastly, Docquity Insights takes knowledge about consumer engagement on the platform to grasp what they want.
Roychowdhury mentioned that on common, about 50,000 medical doctors take programs on its platform each month, and that it was one of many first corporations to launch on-line lectures and symposiums when the pandemic began in 2020. It now hosts about 500 lectures a month. Medical doctors taking the programs may also be part of personal teams to debate actual world instances and the very best therapy plans.
“Whereas instructing and exam-style training is a key element, we imagine that experiential studying by case discussions amongst friends in a serious studying supply for medical doctors,” mentioned Roychowdhury.
Docquity ensures affected person privateness by a number of measures. It’s a closed, GDPR and HIPAA-compliant community that solely permits in medical doctors verified by medical associations. It has additionally arrange inner compliance and pharma co-vigilance group to make sure privateness and safety. It lets pharmaceutical and medical system corporations to have interaction with medical doctors, however no ads are allowed on the platform.
One other Docquity initiative is making healthcare extra reasonably priced. It just lately launched its Affected person Adherence Program (PAP) to assist medical doctors deliver care to underserved sufferers. “Making therapies extra reasonably priced is a key goal of the platform and we’ve began working in breast most cancers as a therapeutic space with certainly one of our shoppers, and have already served near 600 breast most cancers sufferers within the Philippines,” mentioned Roychowdhury.
