KUALA LUMPUR, Malaysia, Feb. 12, 2019 /PRNewswire/ — About 85% – 90% of startups failed in the first and second year. This is a hard and bleak truth. BookDoc, a medtech startup, has not only celebrated its third year anniversary but has been growing by leaps and bounds with 700% growth, year over year and continue to spread its wings in regional expansion. The company is present in 5 countries and 20 cities.
“BookDoc started as a business-to-consumer (b2c) player, backed by a versatile team and encouraged by its highly accelerated growth, it is now ventured into both business-to-business (b2b) and business-to-government (b2g). Most start-ups failed because they ran out of cash. We recognized discipline is vital in financial management, also with the recent signing of a multi-million million contract with a government agency for 5 years has not only turned our cash flow positive but also paved a visible path for future sustainability and profitability,” said founder and CEO of BookDoc, Dato’ Chevy Beh.
“BookDoc is serving diversified customer segments such as insurance companies (e.g. AXA, Sunlife, Prudential, RHB Insurance), over 20 corporate clients which include Fortune 500 companies with 300,000 employees collectively subscribing to BookDoc’s services. We are thrilled that there are another 3-5 big and highly significant deals in the pipeline within the next 12 months and the recent government contact which will operationalize in august 2019 will bring in additional two million active users to our platform. We are also excited and humbled by the opportunities to work with various government agencies,” said Dato’ Chevy Beh.
BookDoc is backed by a diverse group of investors from entrepreneurs to seasoned healthcare and insurance professionals, banker, regulators as well as ICT professionals. Its strategic investors include the Royal Family of Brunei, The King of Gaming, Dr Stanley Ho’s family of Macau/Hong Kong, the billionaire Hamami family of Indonesia and Groupon founders of Asia Pacific. It has been awarded by Frost & Sullivan as the most innovative e-mobile healthcare company in Southeast Asia for 3 consecutive year, 2016 to 2018.
BookDoc, with presence in Malaysia, Singapore, Hong Kong, Thailand and Indonesia, is an online platform that operates across the healthcare continuum connecting patients to healthcare professionals anytime and anywhere, while incentivising all to stay active. It has established an integrated online ecosystem for local and overseas health travellers. The ecosystem allows users to search and book healthcare professionals anytime and anywhere, and integrates seamlessly with navigation (Google Map, Waze), transport (Grab, Uber, AirAsia), accommodation (Agoda and Airbnb) and recommended restaurants & attractions (TripAdvisor) for a hassle-free and enjoyable experience to healthcare appointments. In addition, through BookDoc Activ, its rewards users for maintaining high level of activity by partnering major retailers and service providers that offer users discounts for achieving reward tiers based on activity level.
BookDoc have recently partnered with Special Olympics Asia to monitor its athletes in this region. “We hope that through this partnership, athletes with intellectual disabilities will be able to perform at their best with more advanced monitoring and intervention programs,” said Dato’ Chevy Beh.
The BookDoc app can be downloaded for free from the App Store or Google Play Store. BookDoc currently has more than 80 partner merchants including Zalora, Fave (formerly known as Groupon), ShopBack, MCL Cinema Chain in Hong Kong, V Hotel in Singapore, Uniqlo, Coffee Bean, Ajisen Ramen in Hong Kong, OldTown White Coffee, Petron, Digi, and Secret Recipe. BookDoc users get to redeem rewards on a monthly basis if they achieve an average-daily-step threshold.
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Ms Nurul Ain