Air Doctor, the well being tech startup that connects travellers with native docs, has raised $7.eight million in Sequence A funding. The spherical is led by Kamet Ventures (the AXA-backed enterprise builder), and The Phoenix Insurance coverage Firm.
Based in 2016, Air Physician goals to empower travellers who get sick when overseas and want non-emergency recommendation or therapy. It has created a community of native personal physicians that travellers can entry, sometimes by way of journey insurance coverage or perks. The platform is out there throughout 42 nations in 5 continents, and allows you to search by location, language, specialty, and price.
“Air Physician was born out of the founding crew’s personal travelling experiences, out of that horrible feeling you get once you fall in poor health in another country and don’t know who to show to or find out how to get the quick response you want,” says Jenny Cohen Derfler, CEO and co-founder of Air Physician.
“Yam [Derfler, Head of Product Innovation] got here up with the concept after eight months of travelling round South America, wherein each he and his associates at completely different instances felt utterly helpless after they received sick and, most of the time, couldn’t discover English-speaking docs”.
Derfler says Air Physician’s preliminary focus was that of the travelling affected person, however the crew rapidly realised that this can be a drawback that impacts a whole ecosystem round medical look after travellers.
“Native docs don’t have any dependable means of accessing an entire new group of personal prospects, insurance coverage corporations waste big quantities of cash on tedious and questionable medical providers, and in addition wish to enhance the client expertise of being linked to healthcare, and journey brokers need a dependable service to bundle up as a part of their packages. It grew to become clear we wanted to construct a platform that may advantages all events,” she says.
By combining a world community of medical professionals with a digital platform, Air Physician is ready to decrease prices for insurance coverage corporations, and provide value-added options for bank card corporations and cell operators. On the availability finish, it additionally claims to extend physicians’ revenue and digital presence, whereas offering “the best stage of healthcare” for worldwide travellers of their native languages.
“Our intention is to offer each traveler on the planet entry to skilled native docs and specialists after they want it, and by doing so to assist them keep away from having to go to hospitals or vacationer clinics,” provides Derfler.
The that finish, Air Physician’s first buyer was The Phoenix, considered one of Israel’s main insurance coverage corporations, which has subsequently invested as a part of this Sequence A spherical. By providing Air Physician to its prospects, The Phoenix was in a position to cut back its loss ratio by decreasing declare prices, reorienting sufferers to outpatient clinics relatively than emergency providers, and streamlining funds.
“Our large promoting level for the travellers themselves is management,” underlines the Air Physician CEO. “If you’re sick whereas away from house, you wish to really feel like you might be accountable for your state of affairs. Our on-line platform helps sufferers discover rapid options, by offering them with a wealth of details about a wider vary of native practitioners to allow them to select essentially the most acceptable physician for his or her wants and preferences. Most significantly, we assist them entry medical care of their native language, which is likely one of the largest issues on the subject of feeling accountable for your state of affairs”.
In the meantime, this newest spherical follows Air Physician’s seed spherical of $3.1 million in July 2018. The brand new funding can be used to bolster Air Physician’s medical community and R&D capabilities and for worldwide enlargement throughout the insurance coverage, telecom, and bank card industries.