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Lybrate raises $1.23 million investment

lybrate-logo-newDoctor directory and clinic management system Lybrate has secured $1.225 million investment, as per a SEC filing. The company notes in the filing that that it was looking to raise $1.325 million in this round.

Lybrate was founded in 2013 by Saurabh Arora, Vispi Daver and Sandeep Singhal. The service is free for patients, who can identify doctors based on specialty and location. Search results provided to patients are sorted by the most recommended doctors. Each result displays the doctor’s specialty, address, experience, consultation fee, recommendations by verified users and a small clickable chart displaying the date and timings available for an appointment.

Clicking on a particular time on the chart prompts the user to log in with Facebook, register a new user or log in as a member. On registration, a SMS verification is required to confirm the appointment. The doctor will then either accept, reject or propose a new time for the appointment.Doctors can use the platform to manage appointments, patient medical records, and also manage payments and billings.

At present the service is available in more than 20 cities, including Delhi, Mumbai, Bangalore, Chennai and Hyderabad.

Lybrate

Clinic Management System:

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While many websites offer doctor booking services, Lybrate’s USP is that it provides doctors with a clinic management system. The system features a calendar specifically designed for doctors, a treatment ‘diary’ to capture prescription, billing, payment and scheduling information, reminder for appointment creation, modification, cancellation, daily appointments summary and payment reminders and a dashboard with clinic performance data.

The clinic management system lets doctors accept or reject appointments in real time, generate prescriptions to print them, add follow ups for patients and sends SMS/e-mail alerts when appointments are made on the website among other things. Sign up is free for all doctors which includes website listing and a ‘starter’ pack of its clinic management system.

Pricing: The free starter pack does not have any clinic management modules and consists only of managing online patients. A Rs 249 per month ‘primo’ pack provides mobile apps, calendar sync, phone support, unlimited emails along with tools for managing one clinic and 500 SMS to patients. This can be upgraded to the ‘medio’ – a Rs 449 per month plan or ‘grande’ – a 849 per month plan for an upgrade to 3 clinics and 1100 SMS or 6 clinics and 2500 SMS respectively.

Competition:

New York based ZocDoc has apparently had a data operations head in India for over two years operating from Pune and is currently looking to hire a General Manager for the country. So, is the New York-based company looking to expand into India?

HelpingDoc, an online doctor appointment service had raised Rs 10 crore in a Series A round of funding early this month.

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Healthcare startup eVaidya had raised Rs 3.5 crore from existing investors in February this year. eVaidya also offers some kind of management system for doctors which stores patient health records and offers remote consultation. The startup had launched an Android app last year.

UberHealth, a Delhi-based startup had launched a preventive health care service for senior citizens in April. The paid service includes scheduling appointments, transportation, medical tests and check up, processing of paperwork and online reports.

DocSuggest had raised an undisclosed amount from Google India MD Rajan Anandan and other existing investors in April 2013.

Other competitors include BookMyDoctor, Practo, Eatherway and DrSupport among others. DoctorsTime in which Comp-U-Learn Tech India Ltd (CTIL) had acquired 51% stake in September 2012, seems to have shut down.

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