SkyMD nets $800K for provider-based telemedicine service

By Aditi Pai
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SkyMDNew York City-based SkyMD, which has developed a telemedicine service for providers to use with their patients, raised $800,000 from angel investors including Blue Apron founder Matt Salzberg and Livestar founder Fritz Lanman.

"At SkyMD, we’re developing the virtual extension of the brick and mortar medical practice,” SkyMD CEO Eric Price, former SVP of Product at Fab.com, said in a statement. "The prevalent telemedicine model --- connecting patients with healthcare providers online and referring them out to local doctors if the problem cannot be solved virtually -- fragments care delivery and can make treatment more inefficient.  With SkyMD, healthcare providers can quickly and efficiently direct their patients between virtual and office visits and deliver continuity of care between those online and offline encounters.”

Healthcare providers can invite patients to use SkyMD's offering, available via smartphones, tablets, and desktop computers, or schedule a virtual appointment. The patient is then notified over text message and email. Patients are then asked to complete a disease specific questionnaire and takes photos of their condition. Healthcare providers can use this information to create and send patients a treatment plan and e-prescription. After the evaluation, the patient’s credit card is automatically charged.

SkyMD, which was founded in 2014, launched with one specialty, dermatology, which the company said represents 17 percent of all visits to US medical practices. In the future, though, the company plans to add other specialties to the tool.

This year, a number of telemedicine startups have made news. From large investments in Doctor on Demand and MDLive to Teladoc’s recent IPO. Find a list of 13 other companies working on virtual visit offerings here.