Singapore-based DocDoc, a virtual network of physicians and hospitals supporting patients to find quality medical care in Asia, today announced a partnership with Kaitaiming Technology (KTM) to expand its reach into China. KTM is an insurance risk control company founded in May 2015 in Beijing, China and focuses on combining insurance expertise with information technology, big data and AI.
The collaboration will see DocDoc offering its doctor discovery services to the policyholders of China’s top insurance companies on KTM’s platform.
DocDoc, which calls itself the world’s first patient intelligence company, will be the exclusive supplier of doctor discovery services to KTM and its affiliates for doctors in Southeast Asia, Hong Kong, and South Korea. Under the agreement, KTM, which operates the world’s leading insurance risk control platform for insurers will integrate DocDoc’s doctor discovery service into their insurance agent application. The application empowers agents to expand their customer base as well as improve engagement with existing customers.
Policyholders of KTM’s insurance partners also will gain access to a medically trained concierge team which leverages DocDoc’s AI-powered doctor discovery platform, HOPE (Heuristic for Outcome, Price and Experience), to match policyholders to the right doctors. According to DocDoc, HOPE processes information collected by the company on each doctor’s practice patterns at a procedure and condition level of granularity and uses predictive analytics to find a best match between a doctor’s expertise and the policyholder’s unique needs.
THE LARGER TREND
Last August, DocDoc raised $13M in its latest institutional capital round led by Adamas Finance Asia Limited (ADAM), a London-listed investment company, alongside leading regional family offices, a fund managed by a global investment firm specializing in financial services and the Cyberport Macro Fund, MobiHealthNews reported.
ON THE RECORD
“China is the world’s most exciting insurance market. KTM is China’s leading insurance technology company with an exceptional track record of serving the country’s largest insurance companies. DocDoc’s AI-powered doctor discovery service is ideally suited to serve China’s massive unmet need for consumers looking for high quality affordable care. This partnership has the potential to impact the entire ecosystem. We are delighted to be partnering with KTM to be its exclusive doctor discovery service provider in Asia and to improving the delivery of care for policyholders throughout China,” said Cole Sirucek, Chief Executive Officer and Co-Founder of DocDoc.
Wang Hui, Founder and Chairman of Kaitaiming, commented: “COVID-19 has highlighted to us the importance of having the right support system in place so policyholders can find the right care wherever they are, and whenever they need it. With its healthcare network spanning over 23,000 doctors across Asia and a unique approach to identifying the right care for each policyholder, DocDoc stood out as the partner of choice to us for doctor discovery services.”