Best Doctors Raises $45.5M for Second-Opinion Service
Boston-based Best Doctors, which was founded by Harvard physicians in 1989, has brought in $45.5 million in new funding, according to an SEC filing. Brown Brothers Harriman & Co. provided the funding, vice chairman Evan Falchuk told VentureWire. The company previously raised $20 million.
Best Doctors maintains a database of 50,000 doctors, who can be called upon to provide second opinions on diagnoses and treatment plans. The company provides access to the medical consultations via health plans and large employers. Best Doctors provides in-depth tailored reports on specific medical conditions, a physician matching service, phone sessions with health experts, and other services.
Best Doctors reports that its services have produced an altered diagnosis in more than 29 percent of cases, and a new treatment plan for more than 60 percent of cases. According to VentureWire, the company’s previous investors include Munich Re Group, Coleman Swenson Booth, Polaris Venture Partners, Psilos Group Managers, Southeastern Technology Fund, and Toronto Dominion Partners.