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Doctolib – History, Founders, Business Model, Investors & Funding

Doctolib Business Model | The Brand Hopper

Doctolib is a French healthcare technology startup that provides a software-as-a-service platform for doctors and medical workers. The company’s main product is an online appointment booking system that allows patients to find and book appointments with doctors and other healthcare providers. Doctolib also offers a variety of other services, such as telehealth, patient management, and back-office tools.

Doctolib was founded in 2013 by Stanislas Niox-Chateau, Ivan Schneider, Steve Abou Rjeily, and Jessy Bernal. The company is headquartered in Paris, France, and has offices in Germany, Italy, Spain, Belgium, and the Netherlands. Doctolib has raised over $815 million in funding from investors such as Bpifrance, Eurazeo, and General Atlantic.

Doctolib is one of the leading healthcare technology companies in Europe. The company has over 300,000 health professionals on its platform and over 60 million patients have used its services. Doctolib is used by hospitals, clinics, and private practices across Europe.

The company’s mission is to “make healthcare more human.” Doctolib’s goal is to simplify the lives of patients and healthcare providers by providing them with a convenient and easy-to-use platform for booking appointments, managing patient records, and communicating with each other.

Doctolib has been praised for its innovative technology and its commitment to improving the healthcare experience for patients and providers. The company has won numerous awards, including the EY Entrepreneur Of The Year Award in France in 2019.

In 2022, Doctolib raised €500 million ($549 million) in funding, which valued the company at €5.8 billion, or $6.4 billion. This makes Doctolib the most valuable startup in France. The company plans to use the funding to expand its operations in Europe and to develop new products and services.

Doctolib is a leading example of how technology can be used to improve the healthcare experience. The company’s platform has made it easier for patients to find and book appointments, and it has also helped healthcare providers to improve their efficiency. Doctolib is well-positioned to continue to grow in the years to come.

Founding History of Doctolib

The founding story of Doctolib begins in 2013, when four ambitious entrepreneurs—Stanislas Niox-Chateau, Ivan Schneider, Jessy Bernal, and Steve Abou Rjeily—came together in Paris, France, with a shared vision to revolutionize healthcare through technology.

Doctolib founders | The Brand Hopper
Founders, Doctolib

Stanislas Niox-Chateau, a former McKinsey consultant, had observed the challenges patients faced in accessing medical care. He recognized the need for a digital platform that would simplify the process of scheduling appointments and improve the overall patient experience. This realization became the driving force behind the creation of Doctolib.

Ivan Schneider, an experienced entrepreneur with a background in e-commerce, brought his expertise in business development and strategy to the table. He saw the opportunity to leverage technology to bridge the gap between patients and healthcare providers, making healthcare more accessible and efficient.

Jessy Bernal, a skilled software engineer, joined the founding team, bringing his technical expertise and passion for building innovative solutions. His deep understanding of software development and system architecture was crucial in shaping Doctolib’s technology infrastructure.

Steve Abou Rjeily, another talented software engineer, completed the founding team. With his technical acumen, Abou Rjeily played a key role in developing the robust and scalable platform that would serve as the backbone of Doctolib’s digital healthcare solutions.

Together, these four founders shared a common goal: to disrupt the traditional healthcare system and introduce a comprehensive digital platform that would transform how patients access medical care and how healthcare providers manage their practices.

In the early stages, the founders conducted extensive research, immersing themselves in the healthcare ecosystem and engaging with patients, doctors, and healthcare institutions. They sought to gain a deep understanding of the pain points and inefficiencies in the existing healthcare system.

Armed with insights from their research, the founders began developing the Doctolib platform. They focused on creating an intuitive and user-friendly interface that would enable patients to easily search for doctors, view their availability, and book appointments online. Simultaneously, they built tools and features that would empower healthcare providers to manage their practices more efficiently, such as digital medical records, appointment reminders, and billing integration.

However, launching a healthcare startup came with its own set of challenges. The founders faced skepticism from some healthcare professionals who were resistant to adopting new technology and disrupting traditional workflows. Nevertheless, they persisted, driven by their unwavering belief in the potential of their platform to improve healthcare delivery.

In 2013, Doctolib officially launched its platform in France, starting with the Paris region. The startup gained early traction as patients quickly embraced the convenience and simplicity of online appointment scheduling. Doctors and healthcare providers also recognized the value of Doctolib’s tools, which streamlined their administrative tasks and improved practice management.

The success in France laid the foundation for Doctolib’s expansion into other European markets. In 2016, the company expanded its services to Germany, introducing its digital healthcare solutions to a new audience. This marked the beginning of Doctolib’s international growth, as it continued to expand its presence into other countries, including Spain and Italy.

Over the years, Doctolib has secured substantial funding from investors, enabling the company to fuel its expansion and invest in continuous innovation. It has formed strategic partnerships with healthcare institutions, clinics, and hospitals, integrating its platform with existing healthcare systems to ensure seamless data exchange and interoperability.

The founding story of Doctolib showcases the entrepreneurial spirit, technological expertise, and unwavering determination of its founders. Through their collective vision and hard work, they have disrupted the healthcare industry, making healthcare more accessible, efficient, and patient-centric. Doctolib stands as a testament to the power of technology to drive positive change in the world of healthcare.

Business Model of Doctolib

Doctolib operates on a subscription-based business model, providing healthcare professionals and institutions with access to its comprehensive digital platform and a range of services. The platform facilitates the seamless integration of patients, doctors, and healthcare providers, offering tools for appointment scheduling, telemedicine, and practice management.

Key components of Doctolib’s business model include:

Subscription Fees

Healthcare professionals and institutions pay a subscription fee to access and utilize Doctolib’s platform and services. The subscription fee structure typically varies based on the size of the practice or institution and the specific services required.

Doctolib Agenda: This is the basic subscription plan for doctors and medical professionals. It costs €139 per month.

Doctolib Téléconsultation: This is an add-on subscription plan that allows doctors to offer telehealth appointments. It costs €79 per month

Doctolib Médecin: This is a more advanced subscription plan for doctors and medical professionals. It costs €135 per month.

Doctolib also offers discounts for annual subscriptions. For example, an annual subscription to Doctolib Agenda costs €1,668, which is a 20% discount on the monthly price.

The subscription fees for Doctolib vary depending on the country and the type of subscription plan. For more information, please visit the Doctolib website.

Appointment Booking Revenue

Doctolib generates revenue through appointment bookings made through its platform. When patients schedule appointments with healthcare professionals using Doctolib, the platform receives a percentage of the consultation fee as a commission. This revenue stream incentivizes Doctolib to continuously drive patient traffic and facilitate seamless appointment scheduling.

Telemedicine Services

Doctolib offers telemedicine services that enable virtual consultations between healthcare professionals and patients. These services often involve an additional fee, either as a separate subscription or on a per-consultation basis. Telemedicine services have gained significant importance, especially in the wake of the COVID-19 pandemic, as they allow patients to access medical care remotely.

Practice Management Solutions

Doctolib provides practice management solutions that help healthcare professionals streamline their administrative tasks and optimize their practice operations. These solutions may include features such as digital medical records, patient management tools, billing integration, and reporting capabilities. The integration of these services within the platform may be included in the subscription fee or offered as add-on services for an additional cost.

Partnerships and Integrations

Doctolib forms partnerships with healthcare institutions, clinics, and hospitals to integrate its platform with existing healthcare systems. Through these collaborations, Doctolib ensures seamless data exchange and interoperability, enabling the sharing of patient information, test results, and medical records. These partnerships may involve revenue-sharing arrangements or collaborations on specific projects.

Value-added Services

Doctolib may offer value-added services to its subscribers, such as marketing support, online visibility enhancement, and patient acquisition tools. These services aim to help healthcare professionals attract new patients and expand their practices. Value-added services often come with an additional cost on top of the standard subscription fee.

Doctolib’s business model revolves around providing a comprehensive and user-friendly platform that addresses the needs of both patients and healthcare professionals. By offering a range of services and subscription options, Doctolib generates revenue while improving access to healthcare, enhancing patient experiences, and optimizing practice management for healthcare providers.

Investors and Funding of Doctolib

Doctolib has raised over $866 million in funding from investors such as Bpifrance, Eurazeo, and General Atlantic.

  • Series A: In November 2014, Doctolib raised $4.9 million in Series A funding from Bpifrance, Eurazeo, and Kerala Ventures.
  • Series B: In October 2015, Doctolib raised $20 million in Series B funding from Bpifrance, Eurazeo, and Accel.
  • Series C: In January 2017, Doctolib raised $28 million in Series C funding from Bpifrance, Eurazeo, and Idinvest Partners.
  • Series D: In November 2017, Doctolib raised $42 million in Series D funding from General Atlantic, Bpifrance, Eurazeo, and Accel.
  • Equity and Debt: In March 2022, Doctolib raised $549 million in Equity and Debt funding from General Atlantic, Bpifrance, Eurazeo, and others.

This funding has helped Doctolib to expand its operations in Europe, develop new products and services, and acquire other companies.

In 2022, Doctolib was valued at €5.8 billion, or $6.5 billion, making it the most valuable startup in France. The company plans to use the funding to expand its operations in Europe and to develop new products and services.

Here are some of the benefits of having investors and funding for Doctolib:

  • Access to capital: Investors can provide Doctolib with the capital it needs to grow and expand its operations.
  • Expertise: Investors can provide Doctolib with access to their expertise and experience in the healthcare technology industry.
  • Network: Investors can help Doctolib to build its network of contacts and partners.

Overall, the investors and funding of Doctolib have been a significant factor in the company’s growth and success. The company is well-positioned to continue to grow in the years to come.

FAQs regarding Doctolib

Here are some frequently asked questions (FAQs) regarding Doctolib:

What is Doctolib?

Doctolib is a digital healthcare platform that connects patients, doctors, and healthcare providers. It offers services such as online appointment scheduling, telemedicine consultations, and practice management solutions to improve the patient experience and optimize healthcare delivery.

How does Doctolib work?

Doctolib provides an intuitive platform where patients can search for doctors, view their availability, and book appointments online. Healthcare professionals can manage their practice, access digital medical records, and offer telemedicine consultations through the platform.

Is Doctolib available in my country?

Doctolib operates in several European countries, including France, Germany, Spain, and Italy. You can check the availability of Doctolib’s services in your specific location on their official website.

How much does Doctolib cost for healthcare professionals?

The cost of Doctolib’s services for healthcare professionals varies based on factors such as the size of the practice, the specific services required, and the country of operation. It is best to contact Doctolib directly or visit their website to get detailed pricing information.

How do I book an appointment with a doctor on Doctolib?

To book an appointment with a doctor on Doctolib, you can visit their website or download the Doctolib mobile app. Enter your location, select the specialty or doctor you need, and browse available appointment slots. Once you find a suitable time, you can book the appointment online.

Can I have a telemedicine consultation through Doctolib?

Yes, Doctolib offers telemedicine services that allow you to have virtual consultations with healthcare professionals. You can connect with your doctor remotely through video calls or secure messaging, depending on the capabilities offered by the healthcare provider.

Is my personal information secure on Doctolib?

Doctolib takes data security and patient privacy seriously. They employ robust security measures to protect patient information and comply with relevant data protection regulations, such as GDPR. However, it’s always recommended to review the platform’s privacy policy and terms of use for specific details.

Can I access my medical records on Doctolib?

Doctolib provides healthcare professionals with tools for digital medical records. Depending on the practices you visit and their use of the platform, you may be able to access your medical records through Doctolib’s patient portal. Check with your healthcare provider for more information.

How can healthcare professionals benefit from using Doctolib?

Doctolib offers practice management solutions that can streamline administrative tasks, improve appointment scheduling efficiency, and enhance patient communication. It helps healthcare professionals optimize their practices, save time, and provide better patient care.

Can I use Doctolib for specialized medical services?

Yes, Doctolib covers various medical specialties, including primary care, dermatology, gynecology, cardiology, and more. You can search for doctors across different specialties and find the specific expertise you need through the platform.

Also Read: Caris – Founders, History, Business and Revenue Model, Growth

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