New York City-based has raised $1.7 million in a round led by iSeedVC, with participation from Rock Health, which announced its share of the investment in April, Asset Management, Great Oaks Venture Capital, and Waterline Ventures.
The company, which was founded in 2011, has developed a telepsychiatry network to connect hospitals with community health centers, skilled nursing facilities, military bases, critical access hospitals, and other underserved care settings to offer patients mental health services. Care is delivered through a browser-based videoconferencing tool that can be used on smartphones, tablets, and desktops. The service also offers physicians a scheduling feature and a medical record to store health data.
"We’re not a direct to consumer application," 1DocWay CEO Samir Malik told Babyforyou.net.ua. "Instead what we’re doing is helping hospitals who have access to a psychiatrist connect with nursing homes and smaller hospitals who don’t. In doing so, what we’re doing is really taking providers from places where they already exist and using technology to have them deliver services into settings where psychiatry is terribly needed but unavailable today."
In the first half of 2015, 1DocWay's offering has helped treat 20,000 patients across 11 states -- Arkansas, California, Colorado, Illinois, Indiana, Kansas, Minnesota, Missouri, Nevada, New Mexico, North Carolina, Oregon, Pennsylvania, Texas, and Washington. Some of the company's customers include Community Health Systems, Acadia Healthcare, Strategic Behavioral Health, and BJC HealthCare.
“We admire 1DocWay’s focus on a vulnerable (and enormous) population of the 80 million Americans living in rural communities with limited access to local psychiatric professionals,” Rock Health Founder and Managing Director Halle Tecco said in a statement. “The company’s founding team has an impressive background and expertise in the psychiatric field, well-positioning them to make a huge impact on behavioral health."