INSUBCONTINENT EXCLUSIVE:
biggest names in finance led by Goldman Sachs are investing $74 million in a technology startup they see as a potential solution.The
company is Doctor On Demand, and its solution is video-based telemedicine.The new funding, led by Goldman Sachs and Princeville Global
healthcare should be no different
of the consultations that happen every day in urgent-care facilities and for $300 less than insurers currently pay out.While the service
started out as something that consumers had to pay out of pocket, it has now transitioned to a more seamless (and cheaper) option for
its video consultation service 24 hours a day, seven days a week, Ferguson says
readmission rate (a standard measure of effective diagnoses) is on par with brick and mortar services, Ferguson says.Roughly 5 percent of
the consultations involve patients who need to be referred to specialists, according to Ferguson.The service also can refer patients to
diagnostics and testing facilities to get blood work and other tests that can supplement an initial diagnosis.Through its agreements with
insurers, Doctor On Demand stipulates what kinds of conditions its video consultations can cover, and which ailments and maladies require
immediate medical attention
introduced, according to Ferguson.Mental health is one growth area for the company, and its testing services provide another
the new financing still sees the company valued under $1 billion, but Ferguson is confident about the future
