Docquity, a group for healthcare professionals, raises $44M Sequence C

A name between medical doctors can save lives. That’s what Docquity co-founder Indranil Roychowdhury discovered when his father was hospitalized with a life-threatening situation in India. An emergency room physician initially instructed him that there was no likelihood of survival, however then one other physician known as considered one of his friends in the US, they usually got here up with another remedy plan that labored. Docquity was created to assist medical doctors collaborate in the identical manner, at scale, even when they dwell in several international locations.

The Singapore-based firm introduced right now 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 TechCrunch that after his father’s expertise, he and his co-founders, Amit Vithal and Abhishek Wadhwa, puzzled why “in right now’s day of social media, it took a cellphone 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 present markets, like Indonesia and the Philippines, and enter new ones, together with Japan, the United Arab Emirates, Saudi Arabia and Egypt. It lately launched in Taiwan, the place greater than 2,000 medical doctors have signed up to this point. The corporate claimed two-fold income development in 2021.

The corporate now has a group of 300 individuals 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 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 schooling (CME) credit. The corporate says that to this point, its platform has enabled medical doctors to earn a complete of 4.2 million CME credit.

Docquity has three new initiatives. 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 person engagement on the platform to know 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 firms 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 be part of personal teams to debate real-world instances and the most effective remedy plans.

“Whereas educating and exam-style schooling is a key part, we consider that experiential studying by way of case discussions amongst friends in a significant studying supply for medical doctors,” mentioned Roychowdhury.

Docquity ensures affected person privateness by way of 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 firms to interact with medical doctors, however no ads are allowed on the platform.

One other Docquity initiative is making healthcare extra reasonably priced. It lately launched its Affected person Adherence Program (PAP) to assist medical doctors carry care to underserved sufferers. “Making remedies extra reasonably priced is a key goal of the platform and we now have began working in breast most cancers as a therapeutic space with considered one of our shoppers and have already served near 600 breast most cancers sufferers within the Philippines,” mentioned Roychowdhury.

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