Doximity

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Doximity Inc.
Doximity.svg
Type of businessPrivate
Type of site
Professional network service
Headquarters
CEOJeff Tangney (co-founder of Epocrates)[1]
IndustryInternet
LaunchedMarch 2011
Current statusActive

Doximity is an online social networking service for medical professionals. Launched in March 2011, Doximity had over one million verified members as of March 2018.[2][3] Doximity became the largest HIPAA-secure medical network in the United States in 2014.[4][5][6] Doximity offers its members curated medical news, case collaboration, and messaging capabilities.[7]


History[edit]

The company was launched in 2011 by co-founders Nate Gross,[8] Jeff Tangney[9] and Shari Buck.[10]

Two years following the company's launch, Doximity became one of the largest networks for U.S. healthcare professionals, with approximately 10 percent of U.S. doctors as members. By the beginning of 2014, 40 percent of U.S. physicians became members on the Doximity platform.[11]

In 2016, the company was ranked #6 on the Deloitte Fast 500 North America list.[12]

A report released by Doximity in 2017 revealed a gender pay gap among physicians. Female doctors earned an average of 27.7% less than their male counterparts in 2017.[13]

Investors[edit]

In April 2014, the company announced it had raised a $54 million financing round led by the venture capital firm Draper Fisher Jurvetson and the mutual fund company T. Rowe Price. Morgan Stanley Investment Management also invested. This investment brought Doximity's total funding to $81 million.[14]

Doximity received $10.8 million in venture capital funding from Emergence Capital Partners and Interwest Partners in March 2011 and $17 million in Series B funding led by Morgenthaler Ventures in September 2012.[15][16]

Residency Navigator[edit]

In 2014, Doximity launched Residency Navigator, a tool to help medical students find residency programs that fit their professional needs. The Residency Navigator uses user-submitted evaluations and collected data to create a database of US residency programs, which students can then search and compare programs through.[17][18]

References[edit]

  1. ^ "Venturebeat.com - Facebook for Doctors Network Doximity Tackles America’s 5th-leading Cause of Death"
  2. ^ "Doximity Reaches One Million Members". www.doximity.com. Retrieved 2019-04-19.
  3. ^ Freyer, Felice J. "Boston-area doctors among lowest paid in nation - The Boston Globe". BostonGlobe.com. Retrieved 2019-04-19.
  4. ^ "Doximity — the 'LinkedIn for doctors' — has signed up more than half of U.S. physicians". VentureBeat. 2014-12-09. Retrieved 2019-04-19.
  5. ^ "Washington Post: Doximity, the social network for physicians, continues impressive growth
  6. ^ Montini, Laura (2014-12-09). "Half of All Doctors Use This Social Network You've Never Heard of". Inc.com. Retrieved 2019-04-19.
  7. ^ "Doximity's physician social network adds new features to enable more meaningful interactions". iMedicalApps. 2012-06-14. Retrieved 2019-04-19.
  8. ^ "Doximity: A social media platform doctors can trust". Modern Healthcare. 2011-09-07. Retrieved 2019-04-19.
  9. ^ CEO, Doximity (2017-10-18). "Jeff Tangney". Crain's. Retrieved 2019-04-19.
  10. ^ Buck, Shari; Buck, Shari. "Forbes Technology Council". Forbes. Retrieved 2019-04-19.
  11. ^ "Doximity: Financing a Social Network for Physicians". Stanford Graduate School of Business. Retrieved 2019-04-19.
  12. ^ "2016 Winners by rank" (PDF). Deloitte. Retrieved 23 September 2017.
  13. ^ Kavilanz, Parija (2018-03-14). "The gender pay gap for women doctors is big -- and getting worse". CNNMoney. Retrieved 2019-04-19.
  14. ^ Alden, William. "Doximity, an Online Network for Doctors, Raises $54 Million". New York Times. Retrieved 29 April 2014.
  15. ^ "Doximity Raises $10.8M, Helps Physicians Connect On The Web – And On The Go". TechCrunch. Retrieved 2019-04-19.
  16. ^ "PRNewswire.com - Doximity Raises $17 Million Series B Led by Morgenthaler Ventures"
  17. ^ "Doximity Announces 2014 Residency Program Rankings". Business Wire. Retrieved 15 June 2016.
  18. ^ Harder, Ben; Heilbrunn, Evi. "Doximity's 'Residency Navigator' Injects Transparency into GME". U.S. News & World Report. Retrieved 15 June 2016.

External links[edit]