Top Doctors, a health technology group, has announced its results for 2023, the year in which it achieved success Annual recurring revenue of $23.9 million, representing 37% year-over-year growth..
Growing organically and through strategic technology acquisitions to create a connected, intelligent and secure ecosystem
The Top Doctors Group companies work on the development and integration of high-end technology with the aim Creating a connected and intelligent ecosystem for the healthcare sector. Specifically, they concentrate their efforts on Development of artificial intelligence systems for health and blockchain technology through its subsidiary THT (Top Health Tech). In this sense, the main projects in which the group is involved are:
- Global Electronic Health Report (Global EHR), a secure and interoperable data storage system that can communicate with any public and private HIS (hospital system). By leveraging the features of the HIS, Global EHR facilitates the secure and anonymized collection of patient data, ensuring data security and facilitating future management. In addition, the implementation of artificial intelligence (AI) solutions in the Top Doctors ecosystem allows optimizing data analysis, improving health predictions and personalizing patient treatment. This enables the patient to manage their medical history and pass it on with peace of mind thanks to blockchain technology. It also enables AI development studies to be conducted with the aim of improving both clinical and hospital management outcomes. In the development area, work is being done on AI to generate synthetic data that enables the development of digital twins for training deep learning algorithms.
- VA4U & Qylo, Virtual avatars that provide support and care to the patient and provide 24/7 service. They are developed by combining spatial design and 3D virtualization techniques, audio interpretation and hearing algorithms with natural language algorithms and the construction of empathic responses through large language models. Virtual avatars provide assistance in resolving doubts about medications, dosage and prescription, they are used to provide accurate information about medical procedures, provide a space of comfort and supervision for patients with mental illnesses, and resolve doubts regarding the interpretation of analysis.
- Ape “Medical-On-Site-Assistant”, a device at the bedside of the intensive care unit to equip them with artificial intelligence. Mona makes this possible through state-of-the-art AI and machine learning, an analysis of the patient’s clinical data is carried out, focusing on the most relevant ones, so that the doctor and nursing staff can decide on the best treatment and devote more time to the patient. Mona automatically verifies laboratory data, vital signs and laboratory values. Currently, this device is already in more than 30 hospitals in Europe and its distribution is expected to continue in 2024 in both Spain and the United Kingdom.
Thanks to these cutting-edge technologies, the group plans to cover and support all areas of the nursing process in an agile, reliable and completely safe way to improve the quality of medical care and develop prevention models. “Part of our care improvement strategy focuses on implementing PREMs (Patient-Reported Experience Measures) and PROMs (Patient-Reported Outcome Measures), important tools that allow us to measure patient-reported experiences and outcomes . In this context, the Group’s recent acquisition of the British company I Want Great Care (IWGC) is particularly significant, as IWGC is a leader in the collection of reviews from doctors, clinics and hospitals and is characterized by its ability to record accurately these types of data (PREMs and PROMs). Top Doctors’ technology and IWGC’s specialization come together to facilitate the collection and analysis of this important information, enabling more effective treatments and therapies and paving the way to more personalized and patient-centered medicine,” he said.Signature Alberto E. Porciani, CEO and co-founder of Grupo Top Doctors.
Top Doctors Group is growing both organically thanks to industry knowledge and through acquisitions and integrations of companies that develop healthcare software, such as: E.g. IWGC. “We continue to explore M&A opportunities for clinical software companies in the UK and Italy, strengthening our presence and ability to deliver innovative solutions in these key markets. We have developed into a large technology group that offers solutions and systems for patients, doctors, specialists, hospitals, clinics, laboratories and pharmacies in the public and private sectors. Our forecast and vision for the future are ambitious and we expect further growth of 35% this year.. But we are convinced that we have all the keys to achieve our goals,” Complete the CEO and co-founder of Grupo Top Doctors.
Top Doctors Group is consolidating its B2C model and expanding its B2B offering
Since its founding in 2013, the group has achieved a leading position as a quality brand recognized as Thanks to its selection process, the company is influential in the medical sector and a leader in identifying doctors, clinics and hospitals at the highest level worldwide. With a presence in eight countries: Spain, Italy, Great Britain, Mexico, Colombia, Chile, Argentina and Saudi Arabia. In terms of traffic volume, the platform reached in 2023 250 million visits annually and increased the number of specialists registered in the directory to over the number of 100,000 medical professionals. Patient opinions have also increased by 39% on the TD platform alone over the last year, reaching 3 million combined with comments received on IWGCwith a satisfaction rating of 4.84. This has led to Grupo Top Doctos consolidating its position among the population as a reference platform for health management.
In addition, the Top Doctors Group strengthens its B2B business model. One of the group’s subsidiaries, Top Health Technology (THT), delivers innovative IT solutions for digitizing and optimizing important processes in clinics, laboratories and hospitals. This technology is present in European and Latin American countries and more than 3 million patients have benefited from these innovations. Recently Top Health Tech is the winner of a public competition run by the UK government for the development of an occupational health portal. The tender amounts to 100,000 pounds, around 115,500 euros.
Top Doctors Group is growing in human capital, the company’s other major internal commitment
Since its founding in 2013, Top Doctors’ human capital has grown annually 450 people. In addition, the company covers many internal programs to nurture and develop talentsome have already started in 2023. The aim is Shift to a leadership style that is more attuned to talent needs and expectations, but with a lot of control over operational management, and introduce new performance and welfare plans that ensure talent commitment to the organization. “This year, some of this growth in the team is due to the inclusion of talent from new companies that joined the group in 2023. We have prioritized ensuring the employability and knowledge retention of all employees in the acquired companies, and today 100% of these employees remain with the company. After a year of such strong growth, we want to stabilize the teams in 2024.” insured Porciani.