"CrowdMed was designed to help people in need who have nowhere to turn, no options and no answers, which is the same reason I founded The Patrick Dempsey Cancer Center for Hope & Healing," said Dempsey. "After meeting with several Silicon Valley healthcare startups, I was immediately drawn to CrowdMed's mission of helping those who have run out of alternatives. I remember being overwhelmed when my mother was diagnosed with ovarian cancer almost a decade ago, and I know how challenging it can be trying to make the best medical decisions for oneself or a loved one. The patients who are turning to CrowdMed can't even begin to think about treatment options because they haven’t been able to find an accurate medical diagnosis yet – but hopefully we can change that."
CrowdMed allows patients to anonymously post their real-world, difficult-to-solve medical cases online, including information about their symptoms, health history, diagnostic test results and more. The company then shares the case with its community of thousands of medical experts and fellow patients, dozens of whom collaborate on solving the case online using the company’s patented prediction market technology. The patient is then encouraged to discuss the community’s diagnostic suggestions with their physician.
Dempsey's investment will support CrowdMed’s mission of harnessing the wisdom of crowds to help solve even the world’s most difficult medical cases online, enabling further development and marketing of the company’s technology. Key product features include a Cash Reward system to incentivize the company’s Medical Detective community, and a “solutions” feature that supports the collection of actionable next steps for patients to discuss with their physician, including treatment ideas, diagnostic tests and dietary or lifestyle changes.