At first glance, Doximity appears to be just another social networking site, albeit targeted at healthcare professionals. Diving deeper, we see that there is much more to it than that. Founded in 2010 by Jeff Tangney, Shari Buck, and Nate Gross, the company claims to have over 50% of all physician assistants and over 80% of all U.S. doctors registered on the platform.
What does Doximity provide its users?
Being a dedicated app for the medical world, this allows professionals to connect and share “practice pain points” with one another to make processes easier. This includes providing mobility for the physician, allowing collaboration on patient treatment, and even sending or receiving electronic fax while on the go.
While not a unique offering in a connected world, telemedicine is a large part of Doximity. Providers can connect to patients via video calls for immediate, in-depth consultations or audio-only calls for quick updates. Should the need arise, Doximity allows an individual provider to search for an additional specialist. They can then speak directly to them and hand over all relevant information to give the patient a seamless experience. This seamlessness can not only save time but quite possibly save lives too.
Another thing to note is that Doximity is compliant with the U.S. Health Insurance Portability and Accountability Act (HIPAA) act which is why it has a variety of offerings. This includes a built-in directory that gives platform users the ability to search for doctors, nurses, or pharmacists anywhere within the U.S.
For hospitals and clinics that have staffing requirements, the platform allows them to connect easily to potential candidates. According to the published Doximity numbers, every 30 seconds, a healthcare professional clicks on an advertised job on their platform.
It also offers a feature called Residency Navigator. This feature allows medical students to browse almost 5,000 programs in 28 specialties. However, the most exciting option for many students is a newly launched feature in Doximity called the Couples Matching Tool. Many students find their significant other in medical school. This feature simplifies the search for residency programs in close physical proximity, helping minimize the students’ stresses in terms of finding the best possible options for work-life balance.
The platform is currently backed by multiple investors such as Morgan Stanley, Emergence Capital Partners, and InterWest Partners. Just this year, Doximity has also announced its initial public offering of Class A common stock and has seen steady growth since then. Their most recent financial results saw that they’ve had grown over 330,000 active providers.
Building a compliant platform with so much functionality puts Doximity in a unique position in the highly competitive U.S. healthcare market. Both iOS and Android applications also allow secure faxing of patient files or scripts.
YouTube: Doximity Product Demo
Photo credit: The images used are owned by Doximity and provided for press usage.
