Discovering the right care the first time
through patient intelligence
Empowering the
Global Healthcare Revolution
1
Introductory presentation
CONFIDENTIAL
DocDoc stakeholder video: insurance company
2
CONFIDENTIAL
Click on the image or play button to play the video
Watch the video to learn more about how DocDoc helps insurers
generate a positive ROI while delighting policyholders
Medical inflation is out of control globally
Rising healthcare costs will affect
patients and insurers alike…
At the lack of relevant information, patients default to the most expensive hospital in town, assuming
higher prices correlate with higher quality. Unfortunately, it does NOT!
Sources:
https://healthresources.aon.com/resources/2020-global-medical-trend-rates-report
https://www.businesstimes.com.sg/government-economy/singapore-2018-healthcare-
cost-inflation-hits-10-10-times-the-economic-inflation
https://www.nytimes.com/2007/06/14/health/14insure.html
https://www.vox.com/2014/7/21/5922835/half-of-americans-think-expensive-medical-
care-is-better-theyre-wrong
3
In 2018, Singapore healthcare inflation was
25x adjusted CPI
4.9%
8.0%
The global average medical
trend rate for 2020 is 8.0%.
Up from 7.8% in 2019
Medical trends continue to
grow over general inflation,
with the average net medical
trend being 4.9%, same as in
2019
Higher cost does not necessarily translate to
higher quality care
We pay an enormous price for the lack of transparency in healthcare
CONFIDENTIAL
Currently, consumers in healthcare rely on arbitrary
recommendations to find the right care
Insurers
Existing doctors
Friends and family
Recommendations based
on directory lists
Recommendations based on personal networks
or referral systems, often with incentives not
aligned with patients’ interests
Recommendations based on
anecdotal evidence
Upon detection of a medical condition,
policyholders have various avenues from
which to seek medical advice, none of
which provide the information necessary
to empower the patient to find the right
care
Consumers need help in healthcare
92% of interviewed insurance agents cited the need for doctor discovery support
4
CONFIDENTIAL
…most often resulting in lower quality healthcare and a feeling of helplessness
Due to a lack of data-driven
recommendations, doctors
selected are most often
not an ideal fit for
policyholders’ unique needs
1. Higher complication and re-admission
rates
2. Increased anxiety and psychological
discomfort
3. Higher medical costs and/or
overcharging
Policyholders without access to the right doctor
discovery tools are placed at higher risk of:
Source: https://bigthink.com/robby-berman/the-3rd-leading-cause-of-death-in-the-us-is-medical-errors
Medical error is the 3rd leading cause of death in the US, with over 250,000 deaths each year
5
Consumers need help in healthcare
CONFIDENTIAL
“Why we took this fight on”
DocDoc Co-Founders
6
Grace Park
President & Co-Founder
Cole Sirucek
CEO & Co-Founder
CONFIDENTIAL
https://www.theice.com/insights/conversations/slice
Global thought leading institutions recognise that DocDoc’s approach is uniquely
positioned to disrupt the status quo:
Doctor discovery
report
In-person
GP visit
Telemedicine GP
consultation
Patient journey
Specialist discovery
via HOPE
Specialist
authorisation
In-person
specialist visit
Discovery
consultation
Fully integrated digital
TPA services available
Ecosystem
DocDoc combines AI-powered doctor discovery,
telemedicine, and cashless services on a unified platform
Data flows across the platform in an
integrated and self-reinforcing manner
Reimagining the patient journey:
delivering value across all pathways of care
Doctor discovery
Claims
management
&
fraud detection
Telemedicine
CONFIDENTIAL
DocDoc has built the world’s first scalable
doctor discovery product: HOPE
HOPE is DocDoc’s AI-powered doctor discovery engine
HOPE stands for heuristic for outcome, price, and experience
HOPE will select the top three recommended physicians based on the patient's unique needs. The
three recommended physicians suggested will each be scored based on healthcare quality as it
pertains to the patient's unique needs at a condition and procedure level of granularity.
Age: 43 |
Allergies: None
Condition: Deep
Vein Thrombosis
Budget: $8,000
Patient: Jason Lim
Price
Prices compared to
doctors performing similar
procedures in the region
Experience
The way the doctor and
healthcare system made
the patient feel
Outcome
A measure of the doctor’s
expertise at performing a
procedure or treating a
condition
Healthcare quality defined as a function of:
8
HOPE
CONFIDENTIAL
DocDoc is the only company in Asia collecting and coding data in a medically relevant machine readable way
Proprietary
provider data
Knowledge
management system
Recommended
doctors
Procedure &
condition volume
Procedure
price
Blind peer
references
Additional
training &
awards
Treatment
philosophy
Hospital
accreditation
Patient
feedback
Educational background
& residency
Equipment
in use
Local history of
ethics
Languages
spoken
Insurances
accepted
Data
science
Clinical
informatics
Medical quality
measurements
Patient’s unique needs
HOPE (Heuristic for Outcome,
Price & Experience) compares
doctors at a condition and
procedure level of granularity
Dr Lim
Practitioner
Dr Ma
Practitioner
Dr Thompson
Practitioner
HOPE
9
How HOPE works
CONFIDENTIAL
Cost savings
A partnership with DocDoc generates a positive return on investment, builds a trusted
relationship with policyholders, and offers a differentiated product in a crowded market
Engagement
Top line growth
DocDoc’s value proposition to insurers
Steering based on
quality & cost:
Reduces upfront medical
payout
Improves quality of care
which reduces complication
and readmission rates
Reduces price sensitivity
and attract new customers
via ecosystem services
Improves Net Promoter
Score
Delivering
superior value:
Delighting
customers:
Improves customer
retention by improving
loyalty
Expands policyholder base
by tapping on the millennial
population
Empowers agents to deliver
exceptional customer
support
CONFIDENTIAL
Improves efficiency of care
delivery
Gains a competitive edge
with a high-touch model
10
DocDoc’s methodology has proven to reduce cost and
delight customers
Cost savings and steerage
11
Customer recommendation score
88 As demonstrated via our
pilots in 2020, on average,
88% of customers
recommend DocDoc’s
services
In 2020, in multiple markets across Asia, DocDoc has
demonstrated the following through pilots with insurers
and bancassurance partners:
97.6% of
the doctors
approached in
2020 signed up
Doctor sign up rate
87.5%
Policyholder
steerage rate
43.6%
Estimated
average overall
cost reduction
23,000
DOCTORS
793
HOSPITALS &
CLINICS
500+
DATA POINTS
on doctors, clinics, or hospitals, individu
contracted and collected
Asia’s largest doctor network
88
CONFIDENTIAL
88%
Recommendation
score
Chad Parsons
Director of
Finance and
Operations
• Serial entrepreneur with 21+ years of experience in start-
up specific management, finance, and human resources
• Founder & CEO Cold Clean Inc.
• CFO, lead investor Justuno Inc.
Cole Sirucek
CEO & Co-
Founder
Dr. Dan Riskin
Executive
Chairman
• Serial entrepreneur, trauma surgeon, critical care
physician, and clinical informaticist
• Member of Obama Healthcare Advisory Committee
• Adjunct Professor of Surgery and Adjunct Professor of
Biomedical Informatics Research at Stanford University
Grace Park
President & Co-
Founder
• 15+ years founding and leading healthcare companies in
Asia
• Former Managing Director of Medtronic ASEAN
• Former Brand Manager of Bristol-Myers-Squibb
Dr. Ari Widodo
Director of
Consumer Sales
• 18.5+ years of managing medical evacuation and crisis
management companies
• 10+ years of managing healthcare provider network
relationships for insurance companies and corporates
• Built and managed Asia’s largest doctor contact center
DocDoc is headed by a team with extensive experience in
healthcare, entrepreneurship, technology and management
• 15+ years investing in and founding technology companies
in Asia
• 7 years as a TMT investment professional for Temasek
Holdings
• Held executive positions in Hawaii’s state government
12
CONFIDENTIAL

The Digital Innovation Award - DocDoc

  • 1.
    Discovering the rightcare the first time through patient intelligence Empowering the Global Healthcare Revolution 1 Introductory presentation CONFIDENTIAL
  • 2.
    DocDoc stakeholder video:insurance company 2 CONFIDENTIAL Click on the image or play button to play the video Watch the video to learn more about how DocDoc helps insurers generate a positive ROI while delighting policyholders
  • 3.
    Medical inflation isout of control globally Rising healthcare costs will affect patients and insurers alike… At the lack of relevant information, patients default to the most expensive hospital in town, assuming higher prices correlate with higher quality. Unfortunately, it does NOT! Sources: https://healthresources.aon.com/resources/2020-global-medical-trend-rates-report https://www.businesstimes.com.sg/government-economy/singapore-2018-healthcare- cost-inflation-hits-10-10-times-the-economic-inflation https://www.nytimes.com/2007/06/14/health/14insure.html https://www.vox.com/2014/7/21/5922835/half-of-americans-think-expensive-medical- care-is-better-theyre-wrong 3 In 2018, Singapore healthcare inflation was 25x adjusted CPI 4.9% 8.0% The global average medical trend rate for 2020 is 8.0%. Up from 7.8% in 2019 Medical trends continue to grow over general inflation, with the average net medical trend being 4.9%, same as in 2019 Higher cost does not necessarily translate to higher quality care We pay an enormous price for the lack of transparency in healthcare CONFIDENTIAL
  • 4.
    Currently, consumers inhealthcare rely on arbitrary recommendations to find the right care Insurers Existing doctors Friends and family Recommendations based on directory lists Recommendations based on personal networks or referral systems, often with incentives not aligned with patients’ interests Recommendations based on anecdotal evidence Upon detection of a medical condition, policyholders have various avenues from which to seek medical advice, none of which provide the information necessary to empower the patient to find the right care Consumers need help in healthcare 92% of interviewed insurance agents cited the need for doctor discovery support 4 CONFIDENTIAL
  • 5.
    …most often resultingin lower quality healthcare and a feeling of helplessness Due to a lack of data-driven recommendations, doctors selected are most often not an ideal fit for policyholders’ unique needs 1. Higher complication and re-admission rates 2. Increased anxiety and psychological discomfort 3. Higher medical costs and/or overcharging Policyholders without access to the right doctor discovery tools are placed at higher risk of: Source: https://bigthink.com/robby-berman/the-3rd-leading-cause-of-death-in-the-us-is-medical-errors Medical error is the 3rd leading cause of death in the US, with over 250,000 deaths each year 5 Consumers need help in healthcare CONFIDENTIAL
  • 6.
    “Why we tookthis fight on” DocDoc Co-Founders 6 Grace Park President & Co-Founder Cole Sirucek CEO & Co-Founder CONFIDENTIAL https://www.theice.com/insights/conversations/slice Global thought leading institutions recognise that DocDoc’s approach is uniquely positioned to disrupt the status quo:
  • 7.
    Doctor discovery report In-person GP visit TelemedicineGP consultation Patient journey Specialist discovery via HOPE Specialist authorisation In-person specialist visit Discovery consultation Fully integrated digital TPA services available Ecosystem DocDoc combines AI-powered doctor discovery, telemedicine, and cashless services on a unified platform Data flows across the platform in an integrated and self-reinforcing manner Reimagining the patient journey: delivering value across all pathways of care Doctor discovery Claims management & fraud detection Telemedicine CONFIDENTIAL
  • 8.
    DocDoc has builtthe world’s first scalable doctor discovery product: HOPE HOPE is DocDoc’s AI-powered doctor discovery engine HOPE stands for heuristic for outcome, price, and experience HOPE will select the top three recommended physicians based on the patient's unique needs. The three recommended physicians suggested will each be scored based on healthcare quality as it pertains to the patient's unique needs at a condition and procedure level of granularity. Age: 43 | Allergies: None Condition: Deep Vein Thrombosis Budget: $8,000 Patient: Jason Lim Price Prices compared to doctors performing similar procedures in the region Experience The way the doctor and healthcare system made the patient feel Outcome A measure of the doctor’s expertise at performing a procedure or treating a condition Healthcare quality defined as a function of: 8 HOPE CONFIDENTIAL
  • 9.
    DocDoc is theonly company in Asia collecting and coding data in a medically relevant machine readable way Proprietary provider data Knowledge management system Recommended doctors Procedure & condition volume Procedure price Blind peer references Additional training & awards Treatment philosophy Hospital accreditation Patient feedback Educational background & residency Equipment in use Local history of ethics Languages spoken Insurances accepted Data science Clinical informatics Medical quality measurements Patient’s unique needs HOPE (Heuristic for Outcome, Price & Experience) compares doctors at a condition and procedure level of granularity Dr Lim Practitioner Dr Ma Practitioner Dr Thompson Practitioner HOPE 9 How HOPE works CONFIDENTIAL
  • 10.
    Cost savings A partnershipwith DocDoc generates a positive return on investment, builds a trusted relationship with policyholders, and offers a differentiated product in a crowded market Engagement Top line growth DocDoc’s value proposition to insurers Steering based on quality & cost: Reduces upfront medical payout Improves quality of care which reduces complication and readmission rates Reduces price sensitivity and attract new customers via ecosystem services Improves Net Promoter Score Delivering superior value: Delighting customers: Improves customer retention by improving loyalty Expands policyholder base by tapping on the millennial population Empowers agents to deliver exceptional customer support CONFIDENTIAL Improves efficiency of care delivery Gains a competitive edge with a high-touch model 10
  • 11.
    DocDoc’s methodology hasproven to reduce cost and delight customers Cost savings and steerage 11 Customer recommendation score 88 As demonstrated via our pilots in 2020, on average, 88% of customers recommend DocDoc’s services In 2020, in multiple markets across Asia, DocDoc has demonstrated the following through pilots with insurers and bancassurance partners: 97.6% of the doctors approached in 2020 signed up Doctor sign up rate 87.5% Policyholder steerage rate 43.6% Estimated average overall cost reduction 23,000 DOCTORS 793 HOSPITALS & CLINICS 500+ DATA POINTS on doctors, clinics, or hospitals, individu contracted and collected Asia’s largest doctor network 88 CONFIDENTIAL 88% Recommendation score
  • 12.
    Chad Parsons Director of Financeand Operations • Serial entrepreneur with 21+ years of experience in start- up specific management, finance, and human resources • Founder & CEO Cold Clean Inc. • CFO, lead investor Justuno Inc. Cole Sirucek CEO & Co- Founder Dr. Dan Riskin Executive Chairman • Serial entrepreneur, trauma surgeon, critical care physician, and clinical informaticist • Member of Obama Healthcare Advisory Committee • Adjunct Professor of Surgery and Adjunct Professor of Biomedical Informatics Research at Stanford University Grace Park President & Co- Founder • 15+ years founding and leading healthcare companies in Asia • Former Managing Director of Medtronic ASEAN • Former Brand Manager of Bristol-Myers-Squibb Dr. Ari Widodo Director of Consumer Sales • 18.5+ years of managing medical evacuation and crisis management companies • 10+ years of managing healthcare provider network relationships for insurance companies and corporates • Built and managed Asia’s largest doctor contact center DocDoc is headed by a team with extensive experience in healthcare, entrepreneurship, technology and management • 15+ years investing in and founding technology companies in Asia • 7 years as a TMT investment professional for Temasek Holdings • Held executive positions in Hawaii’s state government 12 CONFIDENTIAL