Doctible, a health-tech company that seeks to help medical practices acquire new patients and drive new revenue, has closed a funding round on SeedInvest raising $2 million. The offer was listed under Reg D (506b) so it was only open to accredited investors registered on the SeedInvest platform. According to information provided by Doctible, Bootstrap Incubation, a healthcare fund founded by Jean Balgrosky, the former CIO from Scripps Health lead the round with participation from Tech Coast Angels and former employees from Apple, Facebook and Google.
The company was launched when founder Ajit Viswanathan injured his knee and received a $1,300 bill for a MRI. Concerned that he was being overcharged, Ajit started calling providers and found that the same MRI would have cost him $450 if he paid cash. Realizing that it was extremely hard to select a quality doctor along with cost information the concept of Doctible was born.
Since launching out of beta earlier this year, Doctible says it has added hundreds of healthcare practices and two large health systems in 34 different states. The new funding will be used to expand its sales and product team to meet the demands of larger group practices.
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