What Happened to RoloDoc after Shark Tank?
What is RoloDoc?
RoloDoc is a web-based firm dedicated to making healthcare more convenient. Our objective is to create a network of physicians, medical professionals, and patients to ease communication.
Dr Albert and Dr Richard Amini created RoloDoc. They both attended the University of Arizona College of Medicine in Tucson.
Dr. R. Amini is an assistant professor in the Department of Emergency Medicine at the University of Arizona and the ultrasonography director at the UA Medical Center. Dr. Amini, the founder of RoloDoc, is a surgeon who works with critically ill patients. He is currently a clinical instructor and hepatobiliary surgery fellow at the Medical College of Wisconsin’s Froedtert Hospital.
Who is the founder of RoloDoc?
RoloDoc, a social networking site for medical professionals, was founded by Dr. Albert Amini and Dr. Richard Amini. The objective was to create a network of doctors, nurses, and patients that would enable communication while staying secure and HIPAA-compliant.
Patients would friend Dr. Amini on Facebook and inquire about post-operative medication, according to Dr. Amini. This prompted him to investigate a more efficient technique of connecting with patients after they had been discharged from the hospital.
As a result, he and his brother began working on an app that would allow patients to safely ask medical questions, make appointments, and send direct SMS, similar to how existing social networking sites do.
The brothers rushed to build the website with the help of local and international software specialists, and they sought financial assistance to see RoloDoc through to completion. They accomplish it all while balancing their training, family life, and professional advancement.
What Happened to RoloDoc at Shark Tank pitch?
In Shark Tank episode 505, which acts as the season 5 opener, Drs. Albert Amini and Richard Amini introduce their “social networking platform for physicians.”
Albert and Richard Amini went on Shark Tank in seeking of $50,000 in exchange for a 20% stake in their firm, which valued at $250,000.
They’ve learnt over time that communication in medicine isn’t on pace with 21st-century technologies.
RoloDoc facilitates secure email communication between patients, physicians, and other medical professionals, effectively acting as a mobile instant messaging platform for healthcare and patients.
Albert claims that RoloDoc was distinguished by its targeted advertising, however Mark claims that there was no possibility of a safe atmosphere since the Amini brothers lack a security solution.
Physician-to-physician networks already exist, according to Albert, but they follow a different set of security requirements than physician-to-patient communication.
Lori claims that RoloDoc was a liability nightmare, that communication was dangerous, and that she was the first Shark to back out of the deal.
Mark also criticizes the presentation, arguing that no social media was displayed; only profiles, despite Albert’s answer being an example of “social media.” Barbara, on the other hand, agrees with Mark and also adds that she was completely unimpressed by RoloDoc confusing business model and so quits.
Robert, on the other hand, was unable to discern commercialization and exits. Kevin likes the concept but finds it depressing, but at the end of the day, he cannot see a way to benefit from the deal and exits as well.
None of the sharks will invest, and Richard and Albert Amini were forced to leave Shark Tank without a deal.
What Happened to RoloDoc After Shark Tank?
Without a Shark deal, the Amini brothers abandoned their RoloDoc dreams and returned to their own specialties of medicine.
Certain opportunities outperform others. The Sharks regarded this idea for a new social media network as dead on arrival, and even a few of doctors couldn’t revive their interest.
Competitors of RoloDoc
RoloDoc, a physician social media network, is a healthcare business that sought approval from medical professionals and patients. UrgentMD, which is now part of iCHCX, a health information firm, is another startup with a similar concept to RoloDoc.
Net worth of RoloDoc
During and after the pitch, the firm was valued at $250,000. Since then, the company has gone out of business; hence the net worth of the company is unknown.
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RoloDoc FAQs
What is RoloDoc?
RoloDoc is a social networking platform for medical professionals that allows patients, physicians, and other medical professionals to communicate safely.
Who is the founder?
RoloDoc, a social networking site for physicians, was developed by Dr. Albert Amini and Dr. Richard Amini. The objective was to create a network of doctors, nurses, and patients that would enable communication while staying secure and HIPAA-compliant.
How much were they seeking on Shark Tank?
They were looking for $50,000 in exchange for 20% stake of their firm, which was worth $250,000 at the time.
Did they have the deal?
No, no deal was concluded.
Is RoloDoc still in operation?
No, they are no longer in business.
Where could I get RoloDoc?
RoloDoc was a Wisconsin-based healthcare startup.
What is RoloDoc’s net worth?
RoloDoc’s net worth is unknown.
What did the RoloDoc app do?
Patients may use the app to book appointments with doctors, ask questions, and send direct text messages to doctors.
Was RoloDoc a scam?
No, the app is not a scam.
How did RoloDoc’s business model fare?
The business idea is to get doctors to download and install the program on their hospital PCs.
Was RoloDoc using Facebook to advertise?
There were no advertising on Facebook for the firm.
Where has RoloDoc gone these days?
Dr. Amini, the founder of RoloDoc, is a surgeon who works with critically ill patients. He is currently a clinical instructor and hepatobiliary surgery fellow at the Medical College of Wisconsin’s Froedtert Hospital.
RoloDoc appears on which Shark Tank episode?
In Shark Tank episode 505, which acts as the season 5 opener, Drs. Albert Amini and Richard Amini introduce their “social networking platform for physicians.” According to the RoloDoc website, they are working on creating a database of physicians for patients to enable the sharing of ideas.
RoloDoc made money in a variety of ways.
RoloDoc earns money by selling its app to hospitals. RoloDoc was obtained through the Google Play Store. RoloDoc is not yet available on Google Play.
Was RoloDoc available for purchase at TechCrunch Disrupt?
RoloDoc was not available for purchase at TechCrunch Disrupt.
What is the history of RoloDoc?
Drs. Albert Amini and Richard Amini are urologists who have been operating as partners in their own clinic for over 20 years.
What were RoloDoc’s risks?
RoloDoc faces competition from other services such as UrgentMD and applications that provide similar functions. Furthermore, social networking networks might be dangerous.
Was RoloDoc useful?
RoloDoc was functional.
Was the RoloDoc App available for free downloading?
The program was not available for free download.
Where did I put RoloDoc to use?
In the United States, Canada, and the United Kingdom, RoloDoc was utilized.
What was RoloDoc’s operating system?
Android is the operating system used by RoloDoc.
How did RoloDoc function in the absence of Wi-Fi?
The RoloDoc app used push notifications to function without Wi-Fi.
Where might I get the RoloDoc App?
The software was only available on the Apple App Store, not the Google Play Store. Users may only get it via the Apple App Store for $29.99 for a single user or $39.99 for a family of four.
