Clinician network
Doximity runs a digital network and mobile app for doctors and other clinicians to connect, read medical news, share updates, and use everyday workflow tools such as messaging and faxing.
Customers and revenue model
Doximity Inc
NYSE:DOCS
Doximity Inc
NYSE:DOCS
Price:
32.26
USD
-1.86%
Market Cap:
$5.8B
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Company Overview
Business Description
- Sector
- Health Care
- Industry
- Health Care
- Headquarters
- United States of America US
- Employees
- 830
- IPO date
- Jun 24, 2021
Doximity is a digital network for medical professionals in the United States, especially doctors, nurses, and other clinicians. Its main products are a professional social network, messaging and telehealth tools, electronic faxing and workflow apps, and a news and reference feed tailored to healthcare workers. The company’s platform helps clinicians communicate with one another, manage patient-related tasks, and stay connected to medical information in one place.
Doximity makes money mainly by selling access to its audience and workflow tools. Pharmaceutical companies, health systems, and other healthcare businesses pay to reach verified clinicians with targeted advertising, sponsorships, and recruiting or communications products. In effect, Doximity sits between the healthcare workforce and the companies that want to market to, hire, or communicate with that workforce.
What makes the business unusual is that it is not a hospital system, insurer, or drug maker; it is a professional utility built around trusted identity and daily use by clinicians. That gives it a specialized role in healthcare communications and physician engagement. Its value comes from being a closed, credentialed network where the users are medical professionals and the customers are organizations that need direct access to them.
