Best Doctors Raises $45.5M for Second-Opinion Service

Boston-based Best Doctors, which was founded by Harvard physicians in 1989, has brought in $45.5 million in new funding, according to an SEC filing. Brown Brothers Harriman & Co. provided the funding, vice chairman Evan Falchuk told VentureWire. The company previously raised $20 million.

Best Doctors maintains a database of 50,000 doctors, who can be called upon to provide second opinions on diagnoses and treatment plans. The company provides access to the medical consultations via health plans and large employers. Best Doctors provides in-depth tailored reports on specific medical conditions, a physician matching service, phone sessions with health experts, and other services.

Best Doctors reports that its services have produced an altered diagnosis in more than 29 percent of cases, and a new treatment plan for more than 60 percent of cases. According to VentureWire, the company’s previous investors include Munich Re Group, Coleman Swenson Booth, Polaris Venture Partners, Psilos Group Managers, Southeastern Technology Fund, and Toronto Dominion Partners.

Author: Arlene Weintraub

Arlene is an award-winning journalist specializing in life sciences and technology. She was previously a senior health writer based out of the New York City headquarters of BusinessWeek, where she wrote hundreds of articles that explored both the science and business of health. Her freelance pieces have been published in USA Today, US News & World Report, Technology Review, and other media outlets. Arlene has won awards from the New York Press Club, the Association of Health Care Journalists, the Foundation for Biomedical Research, and the American Society of Business Publication Editors. Her book about the anti-aging industry, Selling the Fountain of Youth, was published by Basic Books in September 2010.