ConsultingMD Raises $10 Million From Venrock to Change the Practice of Medicine

ConsultingMD Raises $10 Million From Venrock to Change the Practice of Medicine 
Funds to Drive Patient-Centered Care Through Expansion of Most
Prestigious Physician Network; Cutting Edge "Virtual Clinic"
Technology 
SAN FRANCISCO, CA -- (Marketwired) -- 05/21/13 --  Consumers and
businesses are reimagining healthcare through a technology that's
changing the practice of medicine. ConsultingMD announces a $10
million round of funding from Venrock to further develop its
breakthrough technology enabled service platform -- bringing the
patients together digitally with doctors and to expand its network of
prestigious medical experts.  
"We chose Venrock because they are far and away the leading venture
firm for healthcare IT and they share our commitment to advancing
patient-centered care," said Owen Tripp, CEO and co-founder of
ConsultingMD. "We have already established the most exclusive network
of experts in their fields. With Venrock's support, we will grow our
team to provide more online and mobile solutions to enable these
doctors to provide lifesaving opinions and care." 
ConsultingMD created a completely new technology platform that
creates a "virtual clinic" where experts in the network find a
comprehensive 360-degree digital profile of a patient's history and
medical records. Once a patient starts a case, the ConsultingMD
platform collects and digitizes all medical records, and pages a
request to the best expert for the case. The records are presented in
reverse chronological order and annotated to convey the full picture
of the patient's care and diagnosis to date. These profiles slash the
research and assessment time for doctors to provide a conclusive
opinion. While a normal in-person consultation might take as many as
three months to conduct, the ConsultingMD experts return an opinion
in an average of 48 hours.  
The ConsultingMD physician network is comprised of top 0.1 percent of
experts in each field including the chiefs and chairs of many of the
major medical research universities. Physicians must be invited by an
existing ConsultingMD physician and are thoroughly vetted by an
internal panel of doctors. The ConsultingMD virtual clinic provides
the most leveraged way for a physician to spend time on a case and
provides specialized physicians with access to unique cases that
benefit their research.  
"The ConsultingMD physician network is comprised of the 'who's who'
of the medical community and represent a collective state-of-the-art
knowledge base for patient care. Combining this network with
proprietary technology, ConsultingMD has liberated this vast store of
medical expertise, making it available to all consumers on demand,
thereby improving the lives and health of their customers," said
Bryan Roberts, partner at Venrock and new board member of
ConsultingMD.  
Businesses are tapping ConsultingMD as a unique benefit offering for
employees. More than half of all corporate executives (55 percent)
named healthcare benefits as their biggest business challenge,
according to Adecco SA. Ten percent of employer-provided healthcare
costs are due to misdiagnosis and improper treatment. Top physicians,
like the network of experts at ConsultingMD, are known to offer more
accurate diagnoses, leading to cost savings for both the patient and
their employer. 
Owen Tripp and Bryan Roberts will take the stage as the opening
keynote at HealthBeat on Tuesday, May 21 at 8:50am PT at the Grand
Hyatt in San Francisco, Calif. For more information, please visit,
http://venturebeat.com/events/healthbeat2013/agenda/.  
About ConsultingMD
 ConsultingMD is dedicated to providing access to
state-of-the-art medical information and opinions from the world's
top physicians to the people who need it most and to the businesses
that want to provide the best care for their employees. By presenting
the whole patient digitally, ConsultingMD streamlines the diagnosis
process and enables anyone to reach the experts for the most current
medical expertise saving time, money and lives. For more information,
please visit www.consultingmd.com and follow @ConsultingMD.  
About Venrock
 Venrock is a leading venture capital firm with offices
in Palo Alto, CA; New York, NY; and Cambridge, MA. Originally
established as the venture capital arm of the Rockefeller family,
Venrock continues an eight-decade tradition of partnering with
entrepreneurs to establish successful, enduring companies. With a
primary focus on technology and healthcare, portfolio companies have
included Adify, Adnexus Therapeutics, Apple Computer, Athenahealth,
Centocor, Check Point Software, DoubleClick, Gilead Sciences, Idec
Pharmaceuticals, Illumina, Intel, Millennium Pharmaceuticals, Sirna
Therapeutics, StrataCom, and Vontu. For more information, please
visit Venrock's website at www.venrock.com and follow the firm on
Twitter at @venrock. 
For more information, contact:
Dana Bedessem
(415) 963-4714 x12 
dana (at) bordersgratehouse.com