Overview

DrChrono offers a platform that modernizes medical practices by providing tools for telehealth, electronic health records (EHR), practice management, medical billing, and revenue cycle solutions. The platform allows healthcare providers to manage patient appointments and billing efficiently, serving thousands of physicians and millions of patients. It features an extensible API and a marketplace for additional applications and services, which enhances its functionality. Unlike many competitors, DrChrono focuses on creating a highly integrated experience that combines various aspects of healthcare management into one platform. The goal of DrChrono is to make healthcare more informed, interactive, and personalized for both providers and patients.

Simplify's Take

What believers are saying

• Increased telehealth adoption boosts demand for DrChrono's integrated solutions.
• The shift to value-based care supports DrChrono's comprehensive EHR capabilities.
• Growing digital health marketplaces enhance DrChrono's customizable service offerings.

What critics are saying

• Competition from companies like NexHealth could challenge DrChrono's market position.
• EverCommerce acquisition may disrupt existing customer relationships or service offerings.
• Open FHIR API launch could expose DrChrono to cybersecurity risks.

What makes DrChrono unique

• DrChrono offers a comprehensive platform integrating EHR, telehealth, and billing solutions.
• The platform's open API and marketplace allow extensive customization for medical practices.
• DrChrono's focus on interoperability aligns with industry standards like FHIR.

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Funding

Total Funding

$35.1M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:

General CatalystY Combinator

Notable Investors:

General CatalystY Combinator

$12,000,000

Debt

Jun 2021

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Debt Funding Comparison

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