News 8/8/14

ringadoc

Practice Fusion acquires Ringadoc, which offers an after hours call service for providers. I have a few friends that use Ringadoc and seem to like it, at least after using for about six months. Ringadoc will be integrated into Practice Fusion’s EHR product, though it already announced a year ago that it had integrated with Practice Fusion’s API. The CEO of Practice Fusion, Ryan Howard, was one of the seed/angel investors for Ringadoc. Howard was also one of the co-founders of 100Plus, the behavioral change app that was also acquired by Practice Fusion.

Figure1

Figure1, which some call “Instagram for doctors,” announces a $4 million Series A. The round is led by well known VCs Union Square Ventures (USV). Figure1 is based in Toronto and has pretty impressive stats – 125,000 registered users and 60,000 comments. I wonder how those engagement metrics compares with Doximity? If we’re following the non-health social networks, Doximity will be acquiring Figure1 relatively soon.

dod

Telemedicine startup Doctor on Demand raises $21 million. The startup is less than a year old but has Dr. Phil as a founder, which I suppose helps. The pricing is pretty low at $40 for a person to see (via video call) a provider, although the appointments are only 10 minutes long. Doctors on Demand is targeting individual consumers, but recently signed Comcast as a partner to promote the service to employees. My guess is that Doctors on Demand is going to use the money to undercut prices in the market and grow without too much concern for margins and profitability.

healthtap

HealthTap is getting more deeply into telemedicine with its new $99 per month service called Prime. It offers 24/7 access to a provider, "prioritized" answers to questions asked on HealthTap, and personalized care plans and checklists. The site says it’s concierge medicine for the masses, but I think a lot of the value of concierge medicine is lost when you are crowdsourcing telemedicine consults to save money. I can’t imagine this being that popular at that price and for that service.

A large national telehealth initiatives in Australia has failed massively. Specialists were given cash incentives to sign up and deliver virtual care. Apparently they signed up but aren’t using it. It’s a cautionary example of incentive payments to implement practice changes.

maxwell

Maxwell Health announces product enhancements it calls Health as a Service (HaaS). Maxwell offers easy benefits enrollment and has now integrated additional health services for employers and employees. We use Maxwell Health for benefits and love the product and service.

Two house call services are tagged as “Uber for doctors,” Medicast and Pager. I’m curious to hear about first-hand experience.

23andMe_Logo_blog

23andMe secures a $1.4 million NIH grant to open up its stores of genetics data to researchers. The company came under fire last year by the FDA for issues related to marketing health services directly to consumers.

proteus

Proteus raises another $172 million in a G round, bringing its total to $300 million. It makes digital pharmaceuticals that can be integrated into existing devices and medications. It’s very cool technically and probably expensive.

validic

Frost and Sullivan awards Validic its Best Practices Award for Customer Value Leadership.

TGphoto

Travis Good, MD/MBA, is co-founder of Catalyze. More about me.

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