Ikigai Law acts on Doxper’s fund raise from Alkemi & Digitisation of healthcare to see enhanced interest

Ikigai Law acted on Doxper’s US$4 million fund raise from Alkemi Ventures. [1] The round also saw participation from Rainforest Venture Network, existing investor growX Ventures and angel investors.

Doxper provides a digital pen and encoded paper-based solution to helps doctors and hospitals automatically digitise health records. Since doctors continue to use pen and paper there is a ‘zero behaviour change’ and results in higher compliance with the new processes. The solution can be fully integrated with any existing EMR systems. Nanavati Hospital and Biocon Foundation are some of Doxper’s clients, among 1600 independent clinics and 20 hospitals.

Shailesh Prithani, Co-Founder & CEO, was quoted by YourStory saying: “[With] several converging standards and regulations such as the Personal Data Protection Bill, the National Digital Health Blueprint and stricter data compliance in the amendment to the Clinical Establishments Act, digitising patient records has evolved very rapidly from a ‘good to have’ to a ‘must have’.” [2]

Further, digitisation efforts that impose minimal behaviour changes to existing health systems (and Doxper is a great example!) are gaining significance. Many doctors complain of burnout from “bureaucratic tasks and technology fatigue.” “Expect to see the use of medical scribes continue to increase, as well as the emergence of smarter voice-driven technologies (think Dr. Alexa) that help keep the focus on the patient and not on the keyboard.” [3] There is also likely to be a move towards data integration and standardisation, security and archival, and unified technologies that can tie together isolated workflows.

References:

[1] https://www.legallyindia.com/private-equity-venture-capital/anoma-ikigai-act-on-4m-series-a-into-doxper-by-alkemi-others-20190830-10818

[2] https://yourstory.com/2019/08/startup-funding-healthtech-doxper-alkemi-venture-partners

[3] https://www.managedhealthcareexecutive.com/article/five-ways-digitization-will-impact-healthcare-2019

 

 

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