Grand Rounds, Inc.

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Grand Rounds, Inc.
Private
Industry Healthcare clinical navigation
Founder Lawrence "Rusty" Hofmann
Owen Tripp
Headquarters San Francisco, California, U.S.
Area served
Worldwide
Key people
Owen Tripp, Chief Executive Officer
Kathleen Sebelius, Board Member
Bryan Roberts, Board Member
Website www.grandrounds.com

Grand Rounds is a healthcare company that connects patients with local and remote specialty care. Based in San Francisco, California, the company also has operations in Reno, Nevada.[1] It covers more than one million users across the United States and elsewhere, with service available in 120 countries.[2] It has gained notability as a fast-growing and well-funded (over $100 million[3]) private healthcare IT companies, its partnerships with hospitals include Boston Children's Hospital,[4] Massachusetts General Hospital,[5] the Hospital for Special Surgery,[6] and New York Presbyterian Hospital, and for its Glassdoor "best places to work" awards.

Overview[edit]

The company offers two major services, "Grand Rounds Expert Opinions"[7] and "Grand Rounds Office Visits." The first service connects users' local physicians with remote specialists for a collaborative team approach to tough cases.[8] The second identifies the top local experts (for both surgical and non-surgical specialties) based on quantiative analysis.[9] Services are generally purchased by large US-based and multinational employers (including Comcast, Target, Costco, and others).[10] The company claims[11] that its implementations generally pay for themselves by reducing infections, complications, readmissions, and other negative outcomes.[12] Services can be accessed by phone, web, mobile application, and text chat.

Unlike ER-avoidance companies like Teladoc, the company does not remotely prescribe medications or perform treatments. Instead, the company focuses on specialty expertise in the high-acuity cases that drive the largest change, and on connecting patients to the right local experts.

The company also powers global second/remote opinion services for US academic medical centers with worldwide reach. Hospital partners offering worldwide services powered by Grand Rounds include Boston Children's Hospital, the Hospital for Special Surgery, New York Presbyterian, Weill Cornell Medical Center, Columbia Medical Center, and others. Through its partnership with Grand Rounds, each partner has made available expert medical opinions on a worldwide basis, bringing expertise to markets around the world. Grand Rounds performs fulfillment and each hospital provides its physicians and performs marketing of the platform.

Venture backers include Venrock, Greylock,[13][14] Harrison Metal Capital,[13] and an unnamed mutual fund.[15]

Grand Rounds' executives and notable board members include:

  • Owen Tripp, Chief Executive Officer and co-Founder
  • Lawrence "Rusty" Hofmann, Co-Founder
  • Kathleen Sebelius (Former Secretary of U.S. Dept. of Health and Human Services), Member of Board of Directors
  • Bryan Roberts (Venrock), Member of Board of Directors

History[edit]

Hofmann's original idea for the company came when his son, Grady, was hospitalized with aplastic anemia.[16] Although Hofmann is a professor at Stanford University School of Medicine, he did not have the experience to know whether his son was getting the best possible care. He called upon his own network of doctors and ultimately connected teams at two different hospitals to apply a new bone marrow transplant technique.[13] After this experience, he realized that most patients do not have the ability to call on their friends and family for expertise, and sought to start a company that puts top medical expertise in reach of everyday people.[17]

The firm's name pays homage to medical educational grand rounds.

Awards[edit]

  • Glassdoor "Best Places to Work", #2 in the United States (2016)[18]
  • Forbes "Next Billion Dollar Startups" (2015)[19]
  • Goldman Sachs "100 Most Intriguing Entrepreneurs" (CEO Owen Tripp) (2016)[20]

References[edit]

  1. ^ "Grand Rounds expands into Reno, plans to create 200 jobs". 
  2. ^ "Owen Tripp's Grand Rounds Is On A Mission To Revolutionize Healthcare". 
  3. ^ "Grand Rounds Raises $55M to Connect Patients With Specialists". 
  4. ^ "Boston Children's Hospital partners with digital health company Grand Rounds to offer expert second opinions" (Press release). 
  5. ^ "Q&A: Sarah Sossong and Tony James, Massachusetts General Hospital". 
  6. ^ "Can a virtual specialist consult program help hospitals break down geographic barriers?". 
  7. ^ "Is There a Better Way to Get a Second Opinion?". 
  8. ^ "Grand Rounds offers link to an expert 2nd opinion". 
  9. ^ "Grand Rounds Wants To Find The Right Doctor For You". 
  10. ^ "Next Billion Dollar Startups: Grand Rounds". 
  11. ^ "Investors bet big on apps that promise to improve health — and cut costs". 
  12. ^ "Tech company connects patients with docs for second opinions". 
  13. ^ a b c "Grand Rounds, a health tech startup, raises $40 million". 
  14. ^ "The Daily Startup: Greylock Backs 'Second Opinion' Doctor Service in $40M Round". 
  15. ^ "With $55 million more, Grand Rounds aims to make health care more efficient". 
  16. ^ "Los Altos youngster comes out swinging after bone marrow transplant". 
  17. ^ "Start-Up Grand Rounds: The US Has Two Tiers of Medical Care, the Insiders and Everyone Else". 
  18. ^ "Grand Rounds Named Second Among 2016 Best Places to Work Nationwide" (Press release). 
  19. ^ "The Next Billion Dollar Companies -- Where Are They Now?". 
  20. ^ "Grand Rounds Honored by Goldman Sachs for Entrepreneurship" (Press release). 

See also[edit]