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	<title>VentureBeat &#187; health apps</title>
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		<title>VentureBeat &#187; health apps</title>
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		<title>HealthTap scores $24M from Khosla &amp; others, former Square COO Keith Rabois joins board</title>
		<link>http://venturebeat.com/2013/05/08/healthtap-funding/</link>
		<comments>http://venturebeat.com/2013/05/08/healthtap-funding/#comments</comments>
		<pubDate>Wed, 08 May 2013 10:40:23 +0000</pubDate>
		<dc:creator>Sean Ludwig</dc:creator>
				<category><![CDATA[Deals]]></category>
		<category><![CDATA[Health]]></category>
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		<category><![CDATA[funding]]></category>
		<category><![CDATA[health]]></category>
		<category><![CDATA[health apps]]></category>
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		<category><![CDATA[HealthBeat 2013]]></category>

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		<description><![CDATA[<p>Health Q&#38;A startup HealthTap has raised $24 million in its second round of funding and added former Square COO Keith Rabois to its board of&#160;directors.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=733011&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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This story is part of a series exploring the themes of our upcoming <a href="http://venturebeat.com/events/healthbeat2013/" data-vb-ga-outbound="VBHBboilerplate">health tech conference</a>,
May 20-21 in San Francisco.

Read the full series <a href="http://venturebeat.com/tag/healthbeat-2013/" data-vb-ga-outbound="VBHBboilerplate">here</a>.

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</div></div><p><a href="http://venturebeat.files.wordpress.com/2013/05/healthtap-iphone.jpg" target="_blank"><img src="http://venturebeat.files.wordpress.com/2013/05/healthtap-iphone.jpg?w=655&#038;h=570" alt="healthtap-iphone" width="655" height="570" class="aligncenter size-full wp-image-733027" /></a></p>
<p>Health Q&amp;A startup <a href="https://www.healthtap.com" target="_blank" target="_blank">HealthTap</a> has raised $24 million in its second round of funding and added former Square COO <a href="http://www.linkedin.com/in/keith" target="_blank" target="_blank">Keith Rabois</a> to its board of directors, the company said today.</p>
<p>Palo Alto, Calif.-based HealthTap offers a popular service for doctors to answer questions from everyday folks. More than 38,000 accredited doctors in the U.S. are on the platform and more than 8 million unique visitors connect with those doctors each month via apps for smartphones, tablets, and the web.</p>
<p>HealthTap founder and CEO Ron Gutman told VentureBeat that the average doctor on the platform uses the app a crazy &#8220;69 minutes per session.&#8221; Doctors get hooked so easily because the app provides a way to put their names out there, attract more patients, and compete to answer questions.</p>
<p>&#8220;A large number of doctors use the app every single day,&#8221; Gutman said. &#8220;I think many of them do it because they are good people.&#8221;</p>
<p>HealthTap does not make any money off its robust network at present. Gutman says the company could be profitable today if he simply allowed advertising across the applications. But he&#8217;s forgoing advertising with the promise that the apps will eventually facilitate digital doctor appointments, which could be extremely lucrative.</p>
<p>&#8220;We want to provide access to care,&#8221; Gutman said. &#8220;25 percent of doctor visits are just exchanges of information. We want to take over those appointments &#8230; and we will charge less than a traditional visit.&#8221;</p>
<p>The new funding was led by <a href="http://www.khoslaventures.com/" target="_blank" target="_blank">Khosla Ventures</a>, with participation by prior investors <a href="http://www.mayfield.com/" target="_blank" target="_blank">Mayfield Fund</a> and <a href="http://www.mdv.com/" target="_blank" target="_blank">Mohr Davidow Ventures</a>. Including the new funding, HealthTap has raised about $38 million to date. Its previous round <a href="http://venturebeat.com/2011/12/06/with-eric-schmidt-as-a-backer-healthtap-raises-11-5m-for-patient-doctor-question-and-answer-mobile-network/" target="_blank">totaled $11.5 million</a>. </p>
<p>Having Rabois onboard to help the company will come in handy since he&#8217;s known for helping early companies grow and become successful. He previously worked for PayPal, LinkedIn, and Slide. Following a <a href="http://venturebeat.com/2013/01/25/keith-rabois-left-square-due-to-sexual-harrasment-claims/" target="_blank">rough departure from mobile payments startup Square</a>, Rabois became a VC at Khosla Ventures. Vinod Khosla himself will also join HealthTap as &#8220;an adviser.&#8221;</p>
<p>HealthTap was founded in 2010 and has just over 30 employees. The new funding will allow it to hire aggressively. Gutman specifically said he plans to hire workers for &#8220;big data, engineering, product, design, and health informatics.&#8221; Looking forward, Gutman also said he&#8217;d like to take the service global, but the focus will remain on the U.S. in the near term.</p>
<p><em>Photo via HealthTap</em></p>
<br />Filed under: <a href='http://venturebeat.com/category/deals/'>Deals</a>, <a href='http://venturebeat.com/category/health/'>Health</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=733011&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" /><div class="post-meta-blurb post-meta-after blurb-cat-health"><hr />

<a href="http://venturebeat.com/events/healthbeat2013/" data-vb-ga-outbound="HB2013boilerplate"><img class="size-full wp-image-616711 alignleft" alt="HealthBeat 2013" src="http://venturebeat.files.wordpress.com/2013/02/vb_healthbeat2013_logo_boilerplate.png" width="196" height="22" /></a> HealthBeat 2013 is a new conference showcasing how technology is transforming health care. We'll explore how IT is driving out inefficiencies on the hospital, practice, and patient levels. Check out full event details <a href="http://venturebeat.com/events/healthbeat2013/">here</a>, and register <a href="http://healthbeat2013-hb2013boilerplatebottom.eventbrite.com" target="_blank">here</a>.

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	<enclosure url="http://venturebeat.files.wordpress.com/2013/04/ss-doctor-using-tablet.jpg?w=160" /><source url="http://venturebeat.com/2013/05/08/healthtap-funding/">HealthTap scores $24M from Khosla &amp; others, former Square COO Keith Rabois joins board</source>
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		<title>Practice Fusion&#8217;s first major acquisition makes health &#8216;feel like less of a chore&#8217;</title>
		<link>http://venturebeat.com/2013/02/27/hot-health-startup-practice-fusion-snaps-up-data-driven-app-maker/</link>
		<comments>http://venturebeat.com/2013/02/27/hot-health-startup-practice-fusion-snaps-up-data-driven-app-maker/#comments</comments>
		<pubDate>Wed, 27 Feb 2013 14:00:19 +0000</pubDate>
		<dc:creator>Christina Farr</dc:creator>
				<category><![CDATA[Big Data]]></category>
		<category><![CDATA[Dev]]></category>
		<category><![CDATA[Enterprise]]></category>
		<category><![CDATA[Health]]></category>
		<category><![CDATA[acquisitions]]></category>
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		<guid isPermaLink="false">http://venturebeat.com/?p=629105</guid>
		<description><![CDATA[<p>Practice Fusion has acquired 100Plus, a startup that provides personalized health predictions to consumers, for a combination of stock and&#160;cash.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=629105&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.com/2013/02/27/hot-health-startup-practice-fusion-snaps-up-data-driven-app-maker/practicefusion-2/" rel="attachment wp-att-629135"><img class="alignleft size-full wp-image-629135" alt="practicefusion" src="http://venturebeat.files.wordpress.com/2013/02/practicefusion.jpg?w=655&#038;h=411" width="655" height="411" /></a></p>
<p><a href="http://practicefusion.com" target="_blank">Practice Fusion</a> provides free web-based health records to doctors, and now it&#8217;s expanding to serve the general public, too. The company has just acquired <a href="http://100plus.com" target="_blank">100Plus</a>, a mobile app maker that helps regular folks track the health impacts of their behavior.</p>
<p>The company won&#8217;t disclose the final sum, but did tell us that the acquisition was a combination of stock and cash.</p>
<p>100Plus&#8217;s mobile apps use analytics to show how minor behavioral changes like drinking a glass of water in the morning or walking to work can lead to a longer and healthier life. The startup&#8217;s first app demonstrated the impact of alcohol consumption on lifespan, and it launched at the SXSW conference in March.</p>
<p>This is Practice Fusion&#8217;s first major acquisition, but it has ample budget given that it raised $34 million in June. The relationship appears to be longstanding &#8212; Practice Fusion&#8217;s CEO Ryan Howard is <a href="http://www.crunchbase.com/company/100plus" target="_blank">listed as 100Plus&#8217;s cofounder on Crunchbase</a>, and he provided a small amount of funding in the company&#8217;s early days.</p>
<p><a href="http://venturebeat.com/2013/01/29/practice-fusion-owes-its-success-and-its-culture-to-a-motorcycle-crash/">In a recent interview</a> at the San Francisco headquarters, Howard revealed that Practice Fusion plans to roll out consumer health products in the coming months, so the acquisition is in line with the broader strategy.</p>
<p>Practice Fusion is best known for its free web-based electronic health record (EHR) for doctors, which became big business in 2009 when Congress passed the Health Information Technology for Economic and Clinical Health Act, a mandate that pushes doctors to adopt an EHR by a fixed deadline of 2015.</p>
<p>The 100Plus apps will likely be rebranded, and the 100Plus team will be brought into the Practice Fusion fold.</p>
<p>The existing apps are an impressive technical feat, but it did not gain a strong foothold with consumers (it&#8217;s a similar story to<a href="http://venturebeat.com/2013/02/04/jawbones-grand-design-acquisitions-all-about-the-beauty-of-getting-healthy/"> design-focused health app maker Massive Health</a>).</p>
<p>According to Practice Fusion&#8217;s associate vice president of corporate development Patrick Dugan, these insights should be made available to physicians. The goal is to keep doctors informed about a patient&#8217;s health in between visits. &#8221;100Plus was interesting for us because they make it easy for people to engage with their health on a daily basis,&#8221; he said in an interview.</p>
<div id="attachment_629134" class="wp-caption alignleft" style="width: 199px"><a href="http://venturebeat.com/2013/02/27/hot-health-startup-practice-fusion-snaps-up-data-driven-app-maker/chris-headshot-3/" rel="attachment wp-att-629134"><img class=" wp-image-629134" alt="" src="http://venturebeat.files.wordpress.com/2013/02/chris-headshot-3.jpg?w=189&#038;h=227" width="189" height="227" /></a><p class="wp-caption-text">Chris Hogg, CEO and cofounder of 100Plus</p></div>
<p>Through the strategic acquisition, Practice Fusion will also gain an analytics expert in the form of 100Plus CEO Chris Hogg, who will assume a new role as the vice president of data science. &#8220;We were trying to make health feel like less of a chore,&#8221; Hogg told me, adding that in his new role he&#8217;ll &#8220;create a link between the doctor and patient between visits.&#8221;</p>
<p>Practice Fusion is accumulating a vast store of information about the patient experience, which may prove to be a valuable revenue stream. &#8220;We have more calendars, reviews about doctors, and records of visits than anyone else,&#8221; Howard told me.</p>
<p>The company has about 150,000 users, including doctors, nurses, and hospital admins, which accounts for about 6 percent of the addressable market.</p>
<p>100Plus was founded in 2011 and raised $750,000 in funding from Founders Fund, Greylock Partners, Felicis Ventures, and Band of Angels Acorn Fund, among others.</p>
<br />Filed under: <a href='http://venturebeat.com/category/big-data/'>Big Data</a>, <a href='http://venturebeat.com/category/dev/'>Dev</a>, <a href='http://venturebeat.com/category/enterprise/'>Enterprise</a>, <a href='http://venturebeat.com/category/health/'>Health</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=629105&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" /><div class="post-meta-blurb post-meta-after blurb-cat-health"><hr />

<a href="http://venturebeat.com/events/healthbeat2013/" data-vb-ga-outbound="HB2013boilerplate"><img class="size-full wp-image-616711 alignleft" alt="HealthBeat 2013" src="http://venturebeat.files.wordpress.com/2013/02/vb_healthbeat2013_logo_boilerplate.png" width="196" height="22" /></a> HealthBeat 2013 is a new conference showcasing how technology is transforming health care. We'll explore how IT is driving out inefficiencies on the hospital, practice, and patient levels. Check out full event details <a href="http://venturebeat.com/events/healthbeat2013/">here</a>, and register <a href="http://healthbeat2013-hb2013boilerplatebottom.eventbrite.com" target="_blank">here</a>.

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	<enclosure url="http://venturebeat.files.wordpress.com/2013/02/christina-headshot.jpeg?w=104" /><source url="http://venturebeat.com/2013/02/27/hot-health-startup-practice-fusion-snaps-up-data-driven-app-maker/">Practice Fusion&#8217;s first major acquisition makes health &#8216;feel like less of a chore&#8217;</source>
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