Physician finder app BetterDoctor raises $10M

By: Aditi Pai | Jul 1, 2014        

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BetterDoctorSan Francisco-based patient education tool BetterDoctor raised $10 million, according to an SEC filing. The company told MobiHealthNews the round is not yet complete. This brings the company’s total funding to at least $13 million to date.

Existing investors include Jeff Clavier from SoftTechVC, Dirk Lammerts from Burrill & Co, and 500 Startups.

The service, available via iPhone app or online, helps patients find better doctors based on specialty and insurance. To prescreen the doctors, BetterDoctor analyzes their experience, education, medical licensing, board certification, judicial sanctions and professional and referral network.

Once they are listed on the site, users can rate the doctors and write reviews, but BetterDoctor provides its own rating for doctors based on their credentials, experience, and network.

Earlier this year, BetterDoctor integrated Medicare provider and payment data into its database after the federal government made the data publicly available. With the update to the app, patients can now search for more information on procedures and specific pricing based on the doctors’ 2012 Medicare claims. Patients can also access a doctor-to-doctor referral network.

In October 2013, BetterDoctor raised $2.6 million to expand its staff. At the time, MobiHealthNews reported that the company had grown from 10,000 monthly users to close to 1 million monthly users. On its Apple App Store page, BetterDoctor reports that it now has helped 10 million people find new doctors.

New York City-based ZocDoc, which offers a similar service, is also in the middle of a funding round. The company aims to raise $152 million, valued at $1.6 billion. ZocDoc not only offers a doctor finding feature, but it also lets users book appointments, and since October 2012, the company started offering a check-in feature so that patients can send over a basic medical history before they arrive instead of filling out the medical history clipboard. ZocDoc aims to make its service available in all 48 contiguous states by the end of 2014.