HeyDoctor company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

heydoctor.co

Stage

Acquired | Acquired

Total Raised

$120K

About HeyDoctor

HeyDoctor is the online prescription service for startups and services that pitch medications and prescriptions online.

HeyDoctor Headquarter Location

41 Waller St. Unit #310

San Francisco, California, 94102,

United States

415-237-1378

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Research containing HeyDoctor

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned HeyDoctor in 1 CB Insights research brief, most recently on Nov 20, 2019.

Expert Collections containing HeyDoctor

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

HeyDoctor is included in 4 Expert Collections, including Pharma Supply Chain.

P

Pharma Supply Chain

1,258 items

D

Digital Health

12,800 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

T

Telehealth

2,800 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

B

Biopharma Tech

401 items

Latest HeyDoctor News

GoodRx snaps up tech-backed pharmacy platform vitaCare for $150M

Mar 7, 2022

This news comes just after GoodRx announced it had missed its Q4 earnings expectations. Photo courtesy of GoodRx  Medication price transparency tool GoodRx is scooping up tech-backed pharmacy platform vitaCare for $150 million in cash, with an additional $7 million contingent based on performance. Currently owned by TherapeuticsMD, vitaCare was designed to give patients information about their benefits and medication coverage options. It also has a tool that helps payers and providers communicate. Patients can use the tool to get their prescriptions filled at a network of third-party pharmacies. The deal is expected to close in mid-2022. GoodRx is pitching this M&A as a way to help extend its reach and tackle issues surrounding medication adherence. The company also plans to use vitaCare to help expand its services for pharma manufacturers. "Over the past decade, GoodRx has helped millions of Americans afford generic medications, but brand medications remain too expensive for too many people," Doug Hirsch, co-CEO and cofounder of GoodRx, said in a statement. "Pharma manufacturers want to help patients find affordable options, but too many consumers still face affordability challenges or complex reimbursement processes. "With vitaCare, we aim to grow our reach and provide new tools for both consumers and providers to help ensure that more patients can access relevant savings programs and navigate prior authorization requirements," he continued. "We're excited about the potential to help patients from the point of prescribing through their ongoing refills to ensure they can stay healthy.” WHY IT MATTERS  As the digital health industry continues to expand, so does its number of M&As. In fact, in 2021 Rock Health  estimates there were, on average, 23 digital health exits through M&A each month. The vitaCare deal is aimed at building out GoodRx's digital pharmacy business. "Upon joining the GoodRx team, we hope to expand our network of pharmaceutical manufacturers and put even more therapies within reach for consumers," John Milligan, ​​CEO at vitaCare Prescription Services, said in a statement. THE LARGER TREND This isn't GoodRx's first acquisition. In 2021, the company purchased RxSaver , which gives users discounts on prescription medications, for $50 million. The Santa Monica, Calif.-based company also purchased health education company HealthiNation  and telehealth company HeyDoctor . Following the acquisition of HeyDoctor, the company rolled out a new virtual health offering. GoodRx was founded in 2011 and debuted on the public markets in 2020 . Recently, its stock has taken a tumble after missing its Q4 earnings expectations .

  • Where is HeyDoctor's headquarters?

    HeyDoctor's headquarters is located at 41 Waller St., San Francisco.

  • What is HeyDoctor's latest funding round?

    HeyDoctor's latest funding round is Acquired.

  • How much did HeyDoctor raise?

    HeyDoctor raised a total of $120K.

  • Who are HeyDoctor's competitors?

    Competitors of HeyDoctor include Simple Health.

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