Doctors need other doctors. And talking through patient bottlenecks over a game of squash (or whatever doctors do) just doesn’t cut it anymore. Enter Singapore-based Docquity and a handful of other startups like it that are creating peer-to-peer social networks for physicians to learn from each other.
Docquity is just the latest startup of this kind to receive funding. Earlier this week it announced $44 million in Series C funding to onboard more doctors so they may consult each other when dealing with complicated or emergency treatments for patients. The round was led by Japan-based Itochu Corp., with additional funding from Infocom, Global Brain Corp. and India’s Alkemi Venture Partners, and brings total funding to $57.7 million, according to Crunchbase data.
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After a would-be doctor emerges from what amounts to a 10-year-long training program parsing through the ins and outs of the human body, some of that knowledge inevitably becomes obsolete or replaced by new discoveries or better practices.
It’s part of the reason doctors need to be recertified every few years. But for those years in between, as doctors continue seeing patients, platforms like Docquity may be able to fill the gap.
A social network for physicians
Fast-paced advancements in medical technology have made chunks of painstakingly long and thorough medical training programs outdated. What a doctor learns for their Medical College Admission Test may not be accurate once they actually enter the medical field.
Doctors also often have different strategies when it comes to treating the same patient, which is why patients will seek second opinions before following through on a surgery or invasive procedure.
Docquity joins a niche group of startups tackling the issue of physician collaboration. Curofy, an India-based startup, allows doctors to engage with each other and ask for second opinions on treatments. Another, Canada-based The Rounds, has an app that allows doctors to access free training programs and consult colleagues. There’s also Sermo, a New York-based startup billed as a forum that allows doctors to ask for career and patient advice.
The fresh funding will expand Docquity’s market, which is largely in Southeast Asia, and grow its network of 300,000 doctors.
Illustration: Dom Guzman
Note: This story has been updated to clarify Docquity raised $57.7 million in total, not $56.2 million as previously reported.
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