Becker's Healthcare June 29, 2021
Hannah Mitchell

Thousands of physicians purchased stock in health IT and telehealth networking platform Doximity during its initial public offering, according to a June 24 CNBC report.

Eight things to know:

  1. The platform, often referring to itself as “LinkedIn for doctors,” filed its initial public offering May 28. For the offering, Doximity reserved 15 percent of the shares for physicians in the network.
  2. Doximity co-founder and CEO Jeff Tangney said more than 10,000 physicians participated in the offering, purchasing up to $24,000 worth of shares. As a group, they own more stock than any single new investor, he added.
  3. Mr. Tangney said more than 80 percent of physicians are on the network and it is poised to get stronger...

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Topics: Health IT, Investments, Physician, Provider, Technology, Telehealth, Trends
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