PLEASANTON, Calif.--(BUSINESS WIRE)--CharmHealth, a leader in healthcare technology solutions for providers, and Bioverge, a leading Silicon Valley venture firm and investment platform specializing in emerging healthcare technology, today announced an investment in Boston-based startup UBERDOC. The recent recipient of Startup and Founder of the Year honors, UBERDOC aims to democratize access to affordable healthcare by building a nationwide network of physicians spanning more than 50 specialties.
With its latest funding, the company can accelerate growth, adding more doctors and geographies to make it faster and easier than ever before for patients to connect with the best providers for their needs.
“UBERDOC is transforming the healthcare landscape by providing a much-needed direct-pay patient model, offering a complementary platform to current insurance and direct primary care (DPC) models,” said Venky Chellappa, vice president at CharmHealth and managing partner of the CharmHealth Digital Transformation Fund. “UBERDOC gives patients, private companies, and government agencies direct access to a broad network of specialists outside the insurance network — an option that has long been overdue. This approach helps balance the growing demand for physician services with the need for timely and affordable patient access.
“We welcome UBERDOC to the CharmHealth (Bioverge) Digital Transformation Fund portfolio, a company founded by clinicians with deep domain expertise and a passion for better care,” added Chellappa. “We are excited to support UBERDOC’s mission, and we look forward to its continued impact on the healthcare industry.”
UBERDOC is delivering a new, patient-centric model of care. The company provides priority access to the best doctors through in-person or telemedicine appointments. Patients can choose from a wide variety of highly qualified doctors in their area without worrying about whether the physicians are in-network or if they need a referral. They simply make an appointment with the doctor of their choice for an affordable, transparent price.
Because there are no referral restrictions, patients don’t have to see multiple doctors, which means fewer appointments, fewer co-pays, and fewer bills. Booking through UBERDOC typically costs less than a patient would pay out of pocket with insurance.
UBERDOC’s network currently consists of 5,000 doctors across all 50 states. With the funding provided by CharmHealth and Bioverge, UBERDOC aims to significantly grow the number of physicians on its platform.
One of the benefits of joining the UBERDOC network is access to thousands of direct patients through exclusive contracts. UBERDOC drives new direct-pay patients to member practices, supports online scheduling, manages payment processing, and offers a host of additional capabilities that can amplify a practice’s success. When a doctor joins, he/she can offer appointments for direct-pay patients. These doctors take insurance but will also gain a “seat” for direct-pay patients. This way, UBERDOC can help fill all time slots and effectively alleviate the strain of cancellations and no-shows.
“UBERDOC is where direct-pay patients go to find the care they need without the barriers that limit choice, cause delay, and cost more. We help them be ‘seen’ even if the appointment desk says there is no availability,” said Paula Muto, M.D., FACS, founder and CEO of UBERDOC. “We look forward to working very closely with CharmHealth and Bioverge to scale our platform. The funding puts us one step closer toward our ultimate goal of having a seat in every doctor’s waiting room as we create an efficient walk-in system for specialty care.”
About CharmHealth
CharmHealth is a leading provider of innovative healthcare technology solutions that empower healthcare organizations to deliver efficient, high-quality care. With a focus on interoperability, patient engagement, and streamlined workflows, CharmHealth offers a comprehensive suite of solutions designed to meet the evolving needs of modern healthcare. To learn more about CharmHealth and its mission to back innovative health-tech solutions, visit www.charmhealth.com. To get breaking news, follow the company on LinkedIn, Facebook and @charmhealth.
About Bioverge
Bioverge is an investment platform specializing in innovative healthcare startups. Their highly curated investment opportunities include emerging healthcare companies, operating at the convergence of biology and technology. Founded in 2016, it is an investment platform that funds visionary entrepreneurs with the aim of transforming healthcare and bringing science fiction to life. Visit www.Bioverge.com.
About UBERDOC
UBERDOC is a healthcare platform where patients can schedule priority appointments with a specialist. Patients pay a single, transparent price to bypass referrals, delays and insurance authorizations. By paying cash and going outside insurance for the initial consultation, we provide patients with an appointment within 12 hours, versus the average wait time of about 24 days. With UBERDOC, individuals bypass insurers’ bureaucratic policies and processes to take back control of their healthcare. We believe everyone should have access to the healthcare they want from the doctors they choose, whenever they choose. Learn more at https://uber-docs.com/.
All brand names and solution names are trademarks or registered trademarks of their respective companies.
Tags: CharmHealth, Bioverge, UBERDOC, healthcare marketplace, healthcare, health care, healthcare innovation, health tech, healthcare technology, AI, artificial intelligence, generative AI, digital health, electronic health record, EHR, healthcare entrepreneur, healthcare funding, healthcare investment, patient engagement, healthcare startup, telemedicine, telehealth
