Telemedicine company Doctor On Demand has closed a $21 million round of Series A financing. Led by Venrock and joined by Shasta Ventures and angel investor Sir Richard Branson, the funding will be used to expand the team, build a network of physicians, and add new offerings. As part of the deal, Bryan Roberts, Partner at Venrock, joined the company’s Board of Directors.
Comcast Corporation will offer the popular telemedicine service to all of its U.S. employees.The same press release talks about Doctor on Demand’s new desktop offering, enabling video visits with physicians on computers. Plus, they announced a major client – Comcast Corporation, which will offer the popular telemedicine service to all of its U.S. employees. Comcast will integrate Doctor On Demand into its health and wellness offerings and will, for certain plans, fully subsidize employees’ video visits with Doctor On Demand physicians. Using Doctor On Demand, employees will be able to receive high-quality medical care from their homes and offices.
“We hear every day from patients, health networks, and companies like Comcast that they want easier, faster, and more cost-effective access to high-quality healthcare,” said Adam Jackson, co-founder and CEO of Doctor On Demand. “More than 85% of emergency room visits involve conditions that can easily be handled through video such as colds, flus, UTIs, and upper respiratory infections. Employers only pay when their employees use our service – we’ve eliminated PE / PM (per-employee, per-month) fees, which had been standard in this industry. This lets employers reduce their costs while dramatically expanding access to top quality care.”
Doctor On Demand is now available in 46 states across the U.S. Patients simply download the Doctor On Demand app on a smartphone or tablet, or starting today by visiting www.doctorondemand.com on their desktop computer. Patients provide a list of their symptoms and can instantly connect to a board-certified doctor in their state. Each video visit costs just $40; there are no other fees. There’s the option of paying with a Health Care Spending Account (HSA), Flexible Spending Account (FSA), or major credit card.