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Doctolib is now used by 300,000 doctors and medical workers

French startup Doctolib held a (virtual) press conference this morning to share some metrics, look back at the company’s recent product launches and give a hint about future investments. Doctolib started as a booking platform for doctors and has expanded.

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French startup Doctolib held a (virtual) press conference this morning to share some metrics, look back at the company’s recent product launches and give a hint about future investments. Doctolib started as a booking platform for doctors and has expanded to other services for doctors and medical workers in general.

With its software-as-a-service strategy, medical workers pay a monthly subscription to use Doctolib’s tools and use them with their patients. And it’s been working well as 300,000 medical workers currently pay Doctolib every month — general practitioners, dentists, pharmacies, psychologists, etc. With a subscription price starting at €129 per month, the startup has a monthly recurring revenue ranging in the tens of millions of euros.

2021 has been a pivotal year for the company as the platform has reached a critical mass in France. For instance, when you want to get vaccinated against Covid-19 in France, many people visit Doctolib’s website to find the nearest vaccination center, pharmacy or doctor with free slots. Vaccination places can use other platforms, but in reality most of them use Doctolib to handle bookings.

Doctolib currently operates in France, Germany and Italy. France is still the company’s main market. 60 million people have used Doctolib so far — most of them have interacted with the service to book an appointment. In 2022, the company predicts that it’ll work with an additional 100,000 medical workers.

Creating a suite of products

Now that Doctolib has a commercial relationship with a ton of doctors, it can release new products and build its suite of services. In many ways, Doctolib is following Salesforce’s strategy. It has a very sticky main product that acts as a springboard for other products.

A couple of years ago, the company launched remote appointments with a telemedicine add-on. Doctors who choose to pay a bit more can start video calls and use Doctolib’s payment systems for remote appointments.

Last year, Doctolib launched Doctolib Médecin. It’s a back-office tool for administrative tasks. For instance, it lets you centralize documents for each patient, see a patient’s history, take notes and issue invoices.

“We started working on it three years ago. We thought we would start from scratch compared to what’s available,” Doctolib’s Managing Director of France Arthur Thirion said. “It is being used by a bit more than 2,000 doctors right now.”

Of course, this isn’t the first product that helps you manage your work as a doctor. But it integrates nicely with the rest of the Doctolib ecosystem.

Similarly, Doctolib wants to increase the network effects of its platform with a new service called Doctolib Team. This time, the company doesn’t want to create a new revenue stream, it wants to make Doctolib essential.

Doctolib Team is an instant messaging service that lets you find specialists and chat with them. You can also securely send documents about your patients.

For health professionals already using Doctolib, it’s a nice-to-have feature. For health professionals who aren’t using Doctolib already, they can create a free Doctolib Team account and start using it — and maybe they might subscribe to Doctolib’s other products down the road.

Image Credits: Doctolib

Operating with a high level of scrutiny

Doctolib isn’t your average startup as the company handles sensitive, medical data. There have been a lot of reports on the company’s hosting stack and design decisions.

And the company is well aware that it can’t act like other startups. For instance, the startup reached unicorn status, but it has stopped sharing funding details since then. You don’t want to talk too much about money when you’re trying to improve everyone’s health.

“We have stopped communicating on funding rounds for the past several years,” co-founder and CEO Stanislas Niox-Chateau said. “Every quarter, every year, investors invest once again or invest for the first time based on our long-term project.”

Doctolib now wants to become a mission-driven company — it’s a special status that you can get if you comply with certain rules. And Stanislas Niox-Chateau founds multiple arguments to position his company as a company that improves society.

For instance, he said that Doctolib’s business model is quite clear — the company relies exclusively on subscriptions from health professionals. The company doesn’t monetize patient data.

According to him, the platform is also used widely and doesn’t create a digital divide. Many users don’t live in major cities for instance. And the product is supposedly easy enough that even elderly people can use it.

But that doesn’t mean that the company plans to stand still. It has ambitious expansion plans for 2022. Doctolib will grow its team from 2,300 employees to 3,000 employees. And starting today, all employees will become Doctolib shareholders. Everyone will get at least €20,000 in stock grants.

In 2022, the company plans to invest €300 million to improve its products and grow its platforms in France, Germany and Italy — it mostly means new hires and new offices. There won’t be any new market launch in 2022, but that might come later down the road.

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Economics

Legal Services Sourcing and Procurement Market by 2025| COVID-19 Impact & Recovery Analysis | SpendEdge

Legal Services Sourcing and Procurement Market by 2025| COVID-19 Impact & Recovery Analysis | SpendEdge
PR Newswire
NEW YORK, Aug. 18, 2022

NEW YORK, Aug. 18, 2022 /PRNewswire/ — The “Legal Services Market” report has been added to SpendEdge’s…

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Legal Services Sourcing and Procurement Market by 2025| COVID-19 Impact & Recovery Analysis | SpendEdge

PR Newswire

NEW YORK, Aug. 18, 2022 /PRNewswire/ -- The "Legal Services Market" report has been added to SpendEdge's library which is trusted by more than 100 CPOs and 500 category managers who use our insights daily.

The Legal Services market is poised to grow by USD 187.38 Billion, progressing at a CAGR of almost 3.64% during the forecast period

https://spendedge.com/sample-report/process-instrumentation-sourcing-and-procurement-intelligence-report

Key Highlights Offered in the Report:

  • Information on how to identify strategic and tactical negotiation levels that will help achieve the best prices.
  • Gain information on relevant pricing levels, and a detailed explanation of the pros and cons of prevalent pricing models.
  • Methods to help engage with the right suppliers and discover KPIs to evaluate incumbent suppliers.

Fetch actionable market insights on the post-COVID-19 impact on each product and service segment.

Some of the Top Legal Services suppliers listed in this report:

This Legal Services procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

  • Latham and Watkins
  • Allen and Overy
  • Hogan Lovells

Fetch actionable market insights on the post-COVID-19 impact on each product and service segment:

https://spendedge.com/sample-report/process-instrumentation-sourcing-and-procurement-intelligence-report

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  1. Asset Recovery Services - Forecast and AnalysisThe asset recovery services will grow at a CAGR of 9.49% during 2021-2025. Asia Asset Recovery Pte Ltd., TES-Amm Singapore Pte Ltd., and Iron Mountain Inc. are among the prominent suppliers in the asset recovery services market. Click the above link to download the free sample of this report.
  2. Vulnerability Management Sourcing and Procurement ReportVulnerability Management Procurement Market, prices will increase by 4%-6% during the forecast period and suppliers will have moderate bargaining power in this market. Click the above link to download the free sample of this report.
  3. Business Process Outsourcing Services- Sourcing and Procurement Intelligence ReportThis report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their Legal Services. Click the above link to download the free sample of this report.

To access the definite purchasing guide on the Legal Services that answers all your key questions on price trends and analysis:

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Table of Content

  • Executive Summary
  • Market Insights
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  • Category Ecosystem
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  • Category Management Enablers
  • Suppliers Selection
  • Suppliers under Coverage
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About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

Contacts:

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Anirban Choudhury
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SOURCE SpendEdge

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Economics

Only 14% of Consumers with Federal Student Loans on Pause Can Afford Payments, ScoreSense Survey Finds 62% of survey respondents say they are delaying major life purchases

Only 14% of Consumers with Federal Student Loans on Pause Can Afford Payments, ScoreSense Survey Finds 62% of survey respondents say they are delaying major life purchases
PR Newswire
DALLAS, Aug. 18, 2022

DALLAS , Aug. 18, 2022 /PRNewswire/ — A s…

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Only 14% of Consumers with Federal Student Loans on Pause Can Afford Payments, ScoreSense Survey Finds 62% of survey respondents say they are delaying major life purchases

PR Newswire

DALLAS , Aug. 18, 2022 /PRNewswire/ -- A survey of consumers with federal student loans on pause, which went into effect during the COVID-19 pandemic, reveals that only 14% of respondents say they can afford the payments with no issues when the forbearance period ends, according to a consumer survey by ScoreSense®, a credit score monitoring product. The survey also revealed that 42% of respondents aren't sure how they will add loan payments back into their budget. The most recent extension to the payment pause, which began in March 2020, continues to August 31, 2022, with payments currently scheduled to restart in September.

18% of survey respondents say they will need to cut budgets or rely on family to help to resume loan payments.

The survey, focused on the resumption of federal student loan payments and implications, included these highlights:

•       To resume payments, 18% of survey respondents say they will need to cut their budgets or rely on family to help to add these loan payments back into their budgets. About one of four respondents between the ages of 18-34 will need help from family members to help with student loans.

  • During the pause, nearly 25% of respondents used their money to pay off debts/loans. Loan holders between 18-34 in age indicated they were more likely to invest the money compared to the older age groups.
  • The resumption of payments will delay major life events for some loan holders, including the purchase of a home (30% of respondents) or having a child (18% of respondents).
  • Loan holders plan to cut expenses to make payments, including groceries (25% of respondents) and children's activities (19% of respondents).

"Unfortunately, we're seeing the perfect storm of economic stress on households where higher prices, interest rates, property assessments, and more is making it very difficult for many people to live within their means. For many student loan holders, making payments in 2020 was much easier than it will be when they resume," said Carlos Medina, senior vice president at One Technologies, LLC., which offers ScoreSense.

ScoreSense serves as a one-stop digital resource where consumers can access credit scores and reports from all three main credit bureaus—TransUnion®, Equifax®, and Experian®—and understand what is most affecting their credit.

About One Technologies

One Technologies, LLC, harnesses the power of technology, analytics, and its people to create solutions that empower consumers to make more informed decisions about their financial lives. The firm's consumer credit products include ScoreSense®, which enables members to seamlessly access, interact with, and understand their credit profiles from all three main bureaus using a single application. The ScoreSense platform is continually updated to give members deeper insights, personalized tools and one-on-one customer care support that can help them make the most sense of their credit. One Technologies is headquartered in Dallas and was established in October 2000. For more information, please visit onetechnologies.net.

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SOURCE ScoreSense

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Economics

Latest Eastbridge report sees continued growth in voluntary market

Latest Eastbridge report sees continued growth in voluntary market
PR Newswire
AVON, Conn., Aug. 18, 2022

Inflation could slow rather than stop industry bounce-back
AVON, Conn., Aug. 18, 2022 /PRNewswire/ — The voluntary benefits market will likel…

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Latest Eastbridge report sees continued growth in voluntary market

PR Newswire

Inflation could slow rather than stop industry bounce-back

AVON, Conn., Aug. 18, 2022 /PRNewswire/ -- The voluntary benefits market will likely continue its trend of healthy sales growth for the next several years, according to a new report from Eastbridge Consulting Group. However, lingering concerns about the impact of inflation could hold growth well below 2021's strong double-digit results.

Eastbridge's Forecasting Voluntary Sales Spotlight™ Report analyzes the current sales environment and projects future sales potential in the voluntary market. It offers several different scenarios dependent on the industry's rate of recovery from the pandemic, inflation and other factors based on Eastbridge' longstanding expertise in the industry. The report is designed to help carriers develop their own predictions for future opportunities, update their business plans and determine what investments to make.

Despite the uncertain economy, the report shows continued opportunity for carriers and producers in the voluntary market.

"After more than two decades of near-continuous growth, the voluntary benefits market is still only half tapped," said Nick Rockwell, Eastbridge president. "Even during previous economic downturns, we've seen strong demand and need for the added protection voluntary benefits provide employees."

About 54 million employees work in businesses that have yet to offer them voluntary benefits, and another 14 million employees have access to voluntary benefits at work but haven't yet purchased coverage. The continuing move away from employer-funded benefits also could help fuel voluntary growth, the report states.

Information about purchasing the Forecasting Voluntary Sales Spotlight™ Report is available on Eastbridge's website. Those interested can email info@eastbridge.com or call (860) 676-9633. 

About Eastbridge Consulting Group
Eastbridge Consulting Group, Inc. is a marketing advisory firm serving companies focused on the voluntary/worksite benefits market in the United States and Canada.

CONTACT: Ginger Bates
EMAIL: gbates@eastbridge.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/latest-eastbridge-report-sees-continued-growth-in-voluntary-market-301607901.html

SOURCE Eastbridge Consulting Group

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