Docquity is a platform for health professionals, has raised $44 million in Series C

A quick call to a doctor can save lives. This is exactly the lesson Docquity co-founder Indranil Roychowdhury found out after his father was admitted to the hospital suffering from a serious illness in India. The doctor at the emergency room initially advised him it was unlikely to surviving, however, a different doctor contacted one of his peers from America. United States, and they developed a new treatment that was successful. Docquity was designed to let doctors collaborate in a similar method, in a large the same scale, even though they are in different countries. The company based in Singapore announced today it had raised $44 million from Series C capital led by former investor Itochu Corporation, which put in $32 million. The remainder of the funding came from investors like iGlobe Partners, Alkemi, Global Brain, KDV and Infocom. Read more  “Climate tickets” scheme, which promotes public transport is taking off throughout Europe Roychowdhury revealed to Business Headers that, following his father’s death the co-founders of Docquity, Amit Vithal and Abhisek Wadhwa wondered what it was that “in today’s day of social media, it took a phone call to save someone’s life.” Docquity was created in 2015 to help doctors and other health professionals can have a more efficient method of working together. The new funding brings Docquity’s total of raised funds up to $57.5 million. It claims it is the largest network of health specialists within Southeast Asia, with more than 350,000 doctors in its network. The funds is intended to increase the size of Docquity within its current markets, such as Indonesia and Philippines and to expand into new markets, such as Japan as well as in the United Arab Emirates, Saudi Arabia and Egypt. The company recently opened in Taiwan with more than 2500 medical professionals have signed on to date. The company has claimed to see two-fold revenue growth by 2021. The company currently has 300 employees and, in addition to it’s Singapore headquarters, they also have an engineering and technology headquarters situated in Gurgoan, India, and additional offices in Indonesia and in the Philippines, Malaysia, Thailand, Vietnam and Taiwan. Alongside providing doctors with tools to collaborate and connect, Docquity has partnered with more than 250 medical organizations in Southeast Asia to develop learning modules that are able to be used for earning CME (CME) credit. Docquity says that to date, its platform has helped doctors earn an aggregate of 4.2 millions CME credits. Docquity is a platform with three main features. One of them, Docquity Academy, partners with top medical institutions and universities to create practitioners to develop educational equipment for medical professionals. Another, Docquity Clinic, allows doctors to conduct follow-up consultations with patients. Additionally, Docquity Insights takes data about the user’s engagement on the platform in order to comprehend what they require. Roychowdhury stated that, in the average, around 10,000 doctors use its platform each month, in addition, it was among the very first businesses to start offering online seminars and online lectures after the outbreak began in the year 2020. The platform hosts around 500 lectures each month. Doctors who attend the classes are also able to be part of private groups that discuss actual cases and the best treatment options. “While teaching and exam-style education is a key component, we believe that experiential learning through case discussions among peers in a major learning source for doctors,” said Roychowdhury. Docquity protects the privacy of its patients with numerous methods. It’s a private to GDPR, HIPAA and GDPR-compliant networks that allows only doctors who have been verified with medical association. The company has also established an the internal compliance as well as a pharma Co-Vigilance teams to protect privacy and ensure security. It allows pharmaceutical and medical device manufacturers to communicate with doctors, however, no ads are permitted to be displayed on its platform. An additional Docquity initiative is to make healthcare affordable. The company recently announced the Patient Adherence Program (PAP) to assist doctors in providing care to patients who aren’t being served. “Making treatments more affordable is a key objective of the platform and we have started working in breast cancer as a therapeutic area with one of our clients, and have already served close to 600 breast cancer patients in the Philippines,” said Roychowdhury. Read more In 30 years? The Welsh village caught in the crosshairs climate change



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