A name between docs 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 one among his friends in the USA, they usually got here up with an alternate therapy plan that labored. Docquity was created to assist docs collaborate in the identical method, at scale, even when they stay in several international locations.
The Singapore-based firm introduced immediately it has raised $44 million in Sequence 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, International Mind, KDV and Infocom.
Roychowdhury instructed DailyTech that after his father’s expertise, he and his co-founders, Amit Vithal and Abhisek Wadhwa, puzzled why “in immediately’s day of social media, it took a cellphone name to avoid wasting somebody’s life.” Docquity was based in 2015 so docs and different healthcare professionals have a neater method of working with each other.
The brand new capital brings Docquity’s complete raised to $57.5 million. It says it’s the largest group of healthcare professionals in Southeast Asia, with greater than 350,000 docs on board. The funding might be used to develop Docquity in its present 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 docs have signed up to date. The corporate claimed two-fold income development in 2021.
The corporate now has a workforce of 300 folks and other than 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 docs 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 schooling (CME) credit. The corporate says that to date, its platform has enabled docs 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 docs. The second, Docquity Clinic, permits docs to have follow-up consultations with their sufferers. Lastly, Docquity Insights takes information about person engagement on the platform to grasp what they want.
Roychowdhury stated that on common, about 50,000 docs take programs on its platform each month, and that it was one of many first firms to launch on-line lectures and symposiums when the pandemic began in 2020. It now hosts about 500 lectures a month. Docs taking the programs may be a part of non-public teams to debate actual world instances and the very best therapy plans.
“Whereas educating and exam-style schooling is a key element, we imagine that experiential studying by case discussions amongst friends in a significant studying supply for docs,” stated Roychowdhury.
Docquity ensures affected person privateness by a number of measures. It’s a closed, GDPR and HIPAA-compliant community that solely permits in docs verified by medical associations. It has additionally arrange inner compliance and pharma co-vigilance workforce to make sure privateness and safety. It lets pharmaceutical and medical system firms to have interaction with docs, however no ads are allowed on the platform.
One other Docquity initiative is making healthcare extra inexpensive. It just lately launched its Affected person Adherence Program (PAP) to assist docs convey care to underserved sufferers. “Making remedies extra inexpensive is a key goal of the platform and we have now began working in breast most cancers as a therapeutic space with one among our shoppers, and have already served near 600 breast most cancers sufferers within the Philippines,” stated Roychowdhury.