HealthcareMagic

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HealthcareMagic
Type Private
Headquarters Bangalore, Karnataka, India
Area served Worldwide
Founder(s) Kunal Sinha,[1] Abhilash Thirupathy
Key people Kunal Sinha (CEO), Abhilash Thirupathy (VP-Sales), Krishnan Ramaswami (VP - Product & Marketing)
Industry Healthcare
Employees 40
Parent Rx Doctor Healthcare
Website www.healthcaremagic.com
Written in Java
Alexa rank positive decrease 18258 (January 2014)[2]
Type of site Electronic Commerce, Question and Answer (Q&A) Site
Registration Required
Launched Feb 2008
Current status Active

HealthcareMagic is a question-and-answer website which provides answers to medical questions for a fee. A user is required to register to post a question in HealthcareMagic, paying a variable fee to receive the answer.

History[edit]

HealthcareMagic was launched in January 2008 by Kunal Sinha and Abhilash Thirupathy. Kunal Sinha founded this company after he left Unified Technologies, an internet technology company based in New York.[1][3] In 2009, the company collaborated with Atom Telecom to launch an IVR-based payment service.[4] The website provides answers to health queries from qualified medical practitioners registered with it from around the world. It currently gains around 1,900 new users a day and receives 4.5 million unique visits per month.[3] In September 2013 they released an App for their service on Android and iOS, named Ask a Doctor.[5]

Funding[edit]

HealthcareMagic received $2.5 million in seed funding from Accel Partners in 2009 in exchange for ~40-45% equity, separated into $0.5 million tranches.[6][7][8] HealthcareMagic was acquired by Ebix Inc. on May 27, 2014.[9][10]

Controversy[edit]

NextBigWhat author Ashish Sinha described the company as previously being "a spammy one", stating that they "used to flood pluGGd.in's forums with tons of health related content".[8] The Wall Street Journal was provided a misdiagnosis during their review in 2012,[11] and The Washington Post found their answers "too broad to be helpful".[12]

References[edit]

  1. ^ a b "Kunal Sinha - Profile". Crunchbase. Retrieved January 2014. 
  2. ^ "HealthcareMagic.com Site Info". Alexa Internet. Retrieved 2014-01-21. 
  3. ^ a b Preethi, J (2011-05-04). "Online Health Takes Off: Healthcaremagic.com Adds 1,900 Registered Users A Day". Techcircle.in. Retrieved 2014-01-22. 
  4. ^ "HealthcareMagic inks alliance with Atom Telecom to launch IVR-based payment service". India Telecom. HighBeam. 2009-06-01. Retrieved 2013-01-22.  (subscription required)
  5. ^ Murali, Anand (2013-09-10). "With Ask A Doctor App, the Doc Will Come to Your Smartphone". NextBigWhat. Retrieved 2014-01-24. 
  6. ^ "$2.5 Million funding for HealthcareMagic". NextBigWhat. Retrieved January 2014. 
  7. ^ "HealthcareMagic Receives $2.5 Million from Accel. Expansion Plans". MediaNama. Retrieved January 2014. 
  8. ^ a b "HealthCareMagic secures funding from Accel India". NextBigWhat. Retrieved January 2014. 
  9. ^ "Ebix Fueling Growth by Going Back To Its Bread and Butter". GuruFocus.com. 2014-08-15. Retrieved 2014-08-19. 
  10. ^ "Ebix Acquires Healthcare Magic". NASDAQ.com. Retrieved 2014-08-19. 
  11. ^ Dizik, Alina (2012-08-06). "A Review of Telemedicine Websites". The Wall Street Journal. Retrieved 2014-01-22. 
  12. ^ Fard, Maggie Fazeli (2013-07-30). "Beyond WebMD: Magazine Rates Services That Offer Online Access to Doctors". The Washington Post. HighBeam. Retrieved 2013-01-22.  (subscription required)