Grand Rounds raises $40 million

Posted Jun 24, 2014

Grand Rounds is a health care startup that focuses on building a consulting network of some of the best physicians in the U.S. Grand Rounds has raised $40 million in funding. Based in San Francisco, Grand Rounds previously operated as ConsultingMD. Grand Rounds sells companies a service that gives employees access to healthcare advice and treatment from specialists across the U.S.

This round of funding was led by Greylock Partners with participation from Venrock and Harrison Metal Capital. Grand Rounds will be using the funding to extend the reach of its services to 5 million people.

?The premise is exceedingly simple. Better doctors provide better results for treatments,? stated Owen Tripp, the co-founder of Grand Rounds. ?We have the ability to solve really complex medical problems no matter where [the patients] are.?

The idea behind Grand Rounds ties back to a tradition started at John Hopkins University in the days of the 19th century when doctors would get together to discuss their most difficult cases. Grand Rounds will be combining clinical treatment, virtual consultations, and follow-up care to ensure successful outcomes for patients. This could lead to lower costs for the toughest cases.

Grand Rounds will help set up appointments and organize diagnostic procedures. Grand Rounds has around 1 million people covered under its service through partnerships with companies like Jamba Juice.