I have never been more proud of the Zocdoc team or more excited about our future." From our rapid expansion into telehealth to our efforts in helping cities and health systems distribute vaccines, our work remains focused on giving power to the patient. "The last year has demonstrated that Zocdoc is poised to have a transformative impact on healthcare in this country. "Today, Zocdoc is the rarest type of private technology company: We are profitable with accelerating growth, and we are a business that does real good for the world," said Oliver Kharraz, M.D., Zocdoc founder and CEO. The company plans to use the new funds to invest in its sales and marketing teams, and to grow its product line. The company works with providers to help fill in openings in their schedule and strengthen their online reviews. It charges providers on a fee-per-booking model. In January it also announced a new service for COVID-19 vaccine administration called the Zocdoc Vaccine Scheduler. Originally the company worked with doctors to schedule in-person visits, but during the pandemic the company expanded its services to include the telehealth market. Once a user has found a provider they would like to see, the platform lets them book in an appointment.
Users are able to review the provider’s ratings and feedback before booking and appointment. The tool covers a range of providers, including primary care, dentists, OB-GYNs, psychiatrists and eye doctors. Patients can use the platform to search for a provider that takes their insurance and is close to their location. This isn’t the company’s first major raise. Zocdoc was first founded in 2007, which as digital health companies go makes it a veteran in the space. This morning Zocdoc, a health tech company best known for its appointment-booking and doctor-search tool, announced a whopping $150 million raise, led by Francisco Partners.
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