# BetterDoctor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/betterdoctor

- Industry: Healthcare IT
- Headquarters: San Francisco, US
- Website: www.betterdoctor.com
- Total disclosed funding: $26M
- Latest round: Series B (Jun 20, 2017)
- Investors on record: 16

## About

BetterDoctor, Inc. is a healthcare technology company focused on provider data verification and validation solutions, ensuring accurate provider information for healthcare networks and improving compliance with healthcare regulations.Founded in 2011, BetterDoctor, Inc. operates out of San Francisco, US, specializing in healthcare provider data management. In June 2018, the company was acquired by Quest Analytics, L.L.C., a portfolio company of Vestar Capital Partners. The firm has successfully completed a total of 9 deals. In its latest funding round, the Series B, which raised USD 11.00 mn, the company was backed by investors including Health Catalyst Capital Management and Lifeline Ventures.BetterDoctor, a division of Quest Analytics®, specializes in provider data verification and validation solutions, primarily aimed at healthcare provider networks. Their core offering includes a comprehensive platform that enables healthcare professionals to verify and manage their provider directory data efficiently. This service addresses persistent challenges in maintaining accurate provider information, which is critical for compliance with healthcare regulations and enhancing relationships between providers, patients, and health plans. With over 700,000 healthcare professionals from more than 360,000 locations utilizing BetterDoctor, the platform facilitates seamless attestation of provider information with participating health plans, optimizing the verification process for large groups and health systems via the BetterDoctor Exchange.BetterDoctor generates revenue through a subscription-based model targeted primarily at healthcare providers, large groups, and health systems. Their transactions typically involve partnerships with health plans, where providers use the platform to attest their data, thereby fulfilling compliance requirements and enhancing service delivery. The company’s flagship offerings, including the BetterDoctor Exchange, often feature no-cost services for large groups and health systems, effectively promoting widespread adoption while enabling a streamlined verification process. As organizations subscribe to BetterDoctor’s services, they access integrated solutions that not only ensure compliance but also improve operational efficiency within their networks.Moving forward, BetterDoctor aims to leverage its recent funding to enhance its platform capabilities and explore potential new products designed to further streamline provider data management. The company is also focused on expanding its geographical reach, particularly within untapped US markets, to enhance service accessibility. The acquisition by Quest Analytics is expected to bolster these initiatives, providing a solid foundation for growth and innovation in healthcare data solutions.

## Funding rounds

- Series B, Jun 20, 2017, $11M — TEXO Ventures, Uncork Capital, Vision+, Lifeline Ventures, Health Catalyst Capital Management, SeedInvest, B-Fore Capital
- Series A, Jun 27, 2014, $9.9M — New Enterprise Associates, Uncork Capital, Lifeline Ventures, Commerce Ventures
- Seed, Oct 22, 2013, $2.6M — Burrill & Company, 500 Global, Uncork Capital, Kima Ventures, Initial Capital, Lifeline Ventures, Commerce Ventures, Biomark Capital, Mesa Ventures
- Seed, Mar 1, 2013, $2.1M — 500 Global, Uncork Capital, Kima Ventures, Initial Capital, Commerce Ventures, MESA+, Biomark Capital

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Seed, Series A, Series B
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Initial Capital — Seed
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Seed, Series A
- MESA+ (https://capitalatlas.ai/funds/mesa) — Seed
- Biomark Capital (https://capitalatlas.ai/funds/biomark-capital) — Seed
- Burrill & Company (https://capitalatlas.ai/funds/burrill-company) — Seed
- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Seed, Series A, Series B
- Mesa Ventures — Seed
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A
- TEXO Ventures (https://capitalatlas.ai/funds/texo-ventures) — Series B
- Vision+ — Series B
- Health Catalyst Capital Management (https://capitalatlas.ai/funds/health-catalyst-capital-management) — Series B
- SeedInvest — Series B
- B-Fore Capital — Series B