Yelp Goes Public
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Yelp made it’s initial public offering today, and it made a whole lot of money. Their stock, originally offered at $15 a share, closed almost 64% higher at $24.58. Their IPO brought in over $107M and the closing stock price gives the company a market value of around $1.47B (with a B). Not a bad for a company that only a couple years ago turned down an offer from Yahoo to be bought outright for a ‘mere’ $1B.
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Technology as a Tool
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Researchers from IBM recently found themselves in an Atlantic article (available here) on how they’ve used Watson, the Jeopardy-winning computer, in the exam room to help diagnose patients. It’s not a new idea, as many have theorized on how technology can improve healthcare. It has also renewed a recurring theme that we see here at DoctorBase – the threatened feeling that some healthcare providers deal with when faced with the role of technology in healthcare.
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Email Part II: The Mobile Sequel
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Recent metrics from comScore (available here) showed a 28% growth in mobile email usage over the past year. Like the growth in text & instant messaging, patients are communicating in ways that remove space & time constraints. With this resurgence in email, there comes a renewed opportunity to engage with patients. But, since it is the same old email with a new set of clothes, there are some of the same old issues that you need to be aware of – specifically the issue of delivery.
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The Biz of Healthcare
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Twitter founder Biz Stone gave the keynote presentation this week to kickoff the Healthcare Information & Management System Society’s HIMSS12 conference . As one of Time magazines “most influential people in the world” and a founding father of the social media movement, his presentation dealt with the changes the healthcare industry is facing in the Internet-age. He touched on a few concepts that we also hold very dear here at DoctorBase. So, we’d like comment on a few of the tasty nuggets of insight he shared with the crowd and the healthcare industry as a whole…
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Yelp Moves Closer to Raising $100M from IPO
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Yelp filed additional paperwork with the SEC this week in advance of their upcoming IPO slated for March 2nd. The filing sets their IPO of over 7M million shares at a price of $12-$14 per share. This would give Yelp a valuation of around $800M and raise $100M for the company. While it’s no Facebook IPO, it will serve to greatly validate online reviews and give Yelp a lot more money to generate even more reviews of doctors & private practices.
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Google Gets Okay to Buy Motorola
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The U.S. Department of Justice just approved Google’s purchase of Motorola’s mobile division. This will allow Google to assume control of not only the U.S.’s 3rd largest mobile device manufacturer, but also their 17k patents. Google’s reasoning behind this $12.5B purchase is certainly driven by a defensive need to protect against patent lawsuits. There’s also a potential to make significant money off of these patents through licensing deals – which is why the DoJ approved the deal in spite of “significant concern” in the light of antitrust issues. But, there may be an additional motive behind this move by El Goog.
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5,000 Doctors Using DoctorBase
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Right on the heels of a half-million patients being referred to a doctor on DoctorBase last week, we’re proud to announce the 5,000th doctor using our Panda platform. Thanks to our 5,000th doctor – Maria Pesheva, MD – and to all of the 4,999 doctors before her who trust Panda to automate their patient communications and online outreach. We can’t wait to bring you a slew sleuth (panda joke!) of new features to improve the care & satisfaction of your patients in the months to come.
The first 5,000 onboard, the next 5,000 to go…
The (Un)truth & Nothing but the (Un)truth?
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A study published this week on doctors’ honesty with their patients brought to light an unsettling trend amongst healthcare providers. While the majority of doctors did adhere to telling their patients the unfiltered truth, there were varying degrees of “untruth” that many physicians did not feel violated doctor-patient trust.
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A Half-Million Patient Referrals on Facebook
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A big word of thanks to the patients & doctors using DoctorBase. You’ve just referred your doctors to the 500,000th friend on Facebook through DoctorBase. We couldn’t have become the largest patient referral network on Facebook without the doctors who use our services or the patients who trust us with making healthcare transparent – thank you!!!
The first half-million down, the next half-million to go…
Patient Use of Smartphones Increasing
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Along with all the money Google makes from the online advertising you see on your computer when searching for the video of your favorite Super Bowl ads, they also sell advertising for display on smartphones. This gives them access to some great data on smartphone usage. And that data shows that smartphone usage is growing.
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Facebook Finally Files for IPO
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In case you missed it earlier this week, Facebook has finally filed for their initial public offering. The company filed to raise $5B (as in billion-with-a-B) but optimistically hopes to raise as much as $10B when it IPOs in the next few months. This would dwarf the largest Internet-IPO of all time, which was the $1.9B Google raised in 2004. And, it would give the 7-year old company a value of as much as $100B. (Not bad for the 27-year old son of a dentist!)
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HIPAA with a Capital ‘P’
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When it comes to HIPAA rules and your patients’ information, most of the focus is on keeping this information private and secure from prying eyes. While this is a very important aspect to the law, we sometimes forget what HIPAA actually stands for – both in name and idea.
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