London-based startup DrDoctor has secured £3m in Series A investment from venture capital firms, Ananda Impact Ventures and 24Haymarket.
The funding will be used to expand its digital services platform and increase its reach across the United Kingdom.
The startup will also help partner trusts to break the backlog in care caused by COVID-19, including cancer care, which is now over 10 million appointments across the NHS.
WHY IT MATTERS
The investment will allow DrDoctor to expand its remote patient management and data solutions, reducing face-to-face appointments and helping improve clinical risk stratification.
Results from these products have shown a 40-60% reduction in face-to-face appointments while maintaining or improving clinical standards and providing more convenient services for patients.
THE LARGER CONTEXT
DrDoctor is currently partnered with 27 NHS Trusts and Health Boards across England and Wales.
During the pandemic, DrDoctor offered its COVID-19 toolkit free of charge to any NHS trust who wished to use it.
The toolkit helped oversubscribed hospitals and clinics broadcast messages to their patients, ensuring appointments that had to be cancelled were rescheduled.
The company is now helping clients break the backlog in patient appointments by implementing recovery programmes built on remote assessments, patient-initiated follow-ups, and video-consultations.
ON THE RECORD
DrDoctor co-founder and CEO Tom Whicher said: “The team at DrDoctor have never been busier as we work to help our NHS Trusts break the backlog in care that has been created by the havoc of COVID-19. Having the backing of Ananda Impact Ventures and 24Haymarket will help us meet the tremendous demand that now exists for our services as care and patient communication goes digital. We are delighted to have their support.”