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Venture Capital News: DocASAP Raises Financing

2020-06-17
HERNDON, VA, DocASAP announced it has raised a round of funding, led by Optum Ventures.
DocASAP, an advanced patient access and engagement platform for health systems, health plans and physician groups, today announced it has raised a round of funding, led by Optum Ventures.

DocASAP's co-founder and CEO, Puneet Maheshwari, announced that the round of funding will fuel growth of the company's unique payer-provider network to advance its platform for matching consumers with optimal care, supporting patient access and expanding engagement channels.

Accessing care has been one of healthcare's biggest challenges over the last several years, creating rising costs, gaps in care and frustrating consumer experiences. In fact, a recent healthcare consumer survey found that 53% of Americans had missed a healthcare provider or hospital appointment within the last year.

With the rise in healthcare consumerism, patients have come to expect a more convenient, end-to-end, seamless experience. DocASAP's platform helps streamline and expand patient and health members' access to care, enabling them to use online tools and mobile devices to navigate to the right care provider and setting at the right time throughout their healthcare journey. It is also helping healthcare organizations meet the growing demand for streamlining the scheduling and creation of telemedicine virtual visits. Backed and supported by a growing list of top health system clients, DocASAP delivered 100% growth in 2019. DocASAP's partnerships with leading payers has led to the platform's increased adoption across health plan member portals and apps.

"Convenience and frictionless access not only mean a better experience for patients and members, but also create opportunities to improve patient outcomes and drive down the cost of healthcare," said Maheshwari. "Payers and health systems alike are seeing enhanced access to care as a way to change how healthcare is delivered and experienced. Our patient access and engagement platform puts us at the center of this transformation."

About DocASAP

DocASAP provides the leading patient access and engagement platform for health systems, health plans, and physician groups. The platform addresses one of healthcare's biggest challenges - access to care - by helping navigate patients and members to the right provider and care setting at the right time. Backed and promoted in the market by leading healthcare organizations, DocASAP builds unique payer-provider connections with an eye towards simplified access, increased care compliance and improved population risk management. DocASAP's provider search and profiles, consumer-facing, point of care and access center appointment scheduling, provider data management, and care driven reminders help optimize access throughout the healthcare journey to improve outcomes, reduce costs, and create a better experience. For more information, visit http://docasap.com or follow on Twitter @DocASAP.

About Optum Ventures

Optum Ventures is the independent venture fund of Optum, a leading information and technology-enabled health services business dedicated to helping make the health system work better for everyone, and part of UnitedHealth Group. Optum Ventures invests in digital health companies that use data and insights to help improve consumers' access to health care services and how care is delivered and paid for, and that make the health care system more reliable and easier to navigate. For more information, visit www.optumventures.com.
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