6 companies cashing in on Obamacare

QuantiaMD
Headquarters: Waltham, Mass.
Founders: Eric Schultz
Launched: 2004

Eric Schultz launched his company in 2004 as Quantia Communications, a place for those in the financial industry to share content. Two years later, a well-regarded infectious disease specialist suggested to Schultz that his platform would be perfect for connecting physicians.

Schultz reconfigured the company as QuantiaMD, a site where physicians can message each other, have private discussions, comment on presentations by peers and hold virtual consultations.

"Physicians spend about 45 minutes a week on the site, which is about seven times what a doctor spends, on average, with a patient," says CEO Mike Coyne. Revenue comes from pharmaceutical companies sponsoring content and from health care plans and hospitals that establish private channels on the platform.

Before the election, the number of physicians on QuantiaMD was growing about 25% a year, but interest from health plans and hospitals was at "a trickle," says Coyne. Now hospitals and health care systems are exploring using QuantiaMD to communicate with physicians and get them to consume Affordable Care Act-related information.

"Communicating with physicians went from a nice-to-have to a must-have," says Coyne. The company expects to double its revenue in 2013 (it won't disclose its sales), and has raised $29 million through five rounds of funding.

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