DrDoctor has secured £10 million in investment through a funding round led by YFM Equity Partners, supported by existing investors, Ananda Impact Ventures and 24 Haymarket.
The company, which supplies a patient engagement platform, said it will use the funding to accelerate its plans for delivering patient-initiated models of care to integrated care systems.
The funding will also support “extensive product development” including patient engagement tools, remote data collection and a new predictive AI tool to identify and respond to patients that could potentially miss their outpatient appointments.
Co-founder and chief executive of DrDoctor, Tom Whicher, commented: “The NHS backlog includes more than 7 million appointments. We need to see a wholesale shift in the way we approach healthcare if we are going to tackle this number and relieve the pressure on stretched NHS services.
“This latest investment means we can move faster on our journey to digital-first, personalised care, which will help release clinical capacity and improve productivity across regional footprints, rather than just individual acute trusts.”
Helen Villiers, investment director at YFM Equity Partners, added: “The company has demonstrated exciting growth and we have been really impressed with the team and their deep understanding of the NHS -knowing how to meet new system demands without sacrificing patient care quality. The company have a well-defined plan to ensure they continue on this trajectory – we are looking forward to working with them to help them reach their goals.”
Tom added: “In the next few years, the health service will be transformed by digital first models, and end to end pathways across care boundaries. This funding will play an important part in our journey to helping the NHS work better. We’re incredibly grateful for the support.”
