StageSeries C | Alive
HealthTap is a digital health company. It offers a mobile application that connect doctors with patients, giving patients access to medical experts and health advice anytime and anywhere. It was founded in 2010 and is based in Sunnyvale, California.
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ESPs containing HealthTap
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The virtual primary & specialty care market offers a solution for individuals who want to access healthcare services from the comfort of their own homes. This market provides virtual consultations with doctors and specialists, eliminating the need for in-person visits. It also offers a more affordable and accessible option for underserved populations, such as women. With the rise of telehealth sol…
HealthTap named as Challenger among 9 other companies, including TytoCare, Included Health, and Maven.
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Research containing HealthTap
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CB Insights Intelligence Analysts have mentioned HealthTap in 2 CB Insights research briefs, most recently on Apr 28, 2021.
Expert Collections containing HealthTap
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
HealthTap is included in 3 Expert Collections, including Medical Devices.
Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.
HealthTap has filed 13 patents.
The 3 most popular patent topics include:
- Healthcare occupations
- Healthcare quality
- Medical specialties
Data management, Healthcare occupations, Medical specialties, Health informatics, Information technology management
Data management, Healthcare occupations, Medical specialties, Health informatics, Information technology management
Latest HealthTap News
Apr 20, 2023
| Membership (fee-based) getty As technology continues to evolve, so does its impact on the healthcare industry. Real-time communication (RTC), namely audio or video remote communication technologies in the general public's conventional understanding, has emerged as a transformative force in healthcare, enabling remote access to medical services and bridging gaps in healthcare access. With the rise of telehealth and the increasing demand for accessible and timely healthcare services, RTC technology has become essential in addressing industry expectations. Covid-19 Impacts Telehealth apps have become a significant source of global trade, and the global telehealth industry has grown exponentially during Covid-19 times. The global pandemic tested healthcare systems worldwide as they attempted to maintain services remotely. Telemedicine applications in the U.S. experienced substantial growth, with a 35% increase from 11% in 2019 to 46% in 2020, according to a McKinsey & Company analysis . In 2020, the telehealth market had a worth of $61.40 billion globally, and it is projected to achieve a value of $559.52 billion by 2028, according to a report by Fortune Business Insights . Capital investments have been a significant growth driver in the telehealth industry as companies and investors seek to capitalize on its potential. A Hampleton Partners' Healthtech M&A Market Report from 2022 showed that telehealth investment totaled $57.2 billion in 2021, up 79% from 2020. MORE FOR YOU • Mental health and well-being. • Clinical trials technology. The demand for telehealth services is expected to keep increasing gradually, making RTC technology critical in addressing industry expectations. Real-Time Communication Technology In Telehealth The gap between traditional healthcare and telehealth primarily concerns accessibility and convenience. Telehealth addresses the challenges by allowing patients to receive medical care remotely through video conferencing, the most commonly used RTC technology in telehealth apps. Amwell and Teladoc are popular telehealth providers that offer real-time video visits with licensed doctors and therapists. Remote monitoring is also becoming popular, utilizing real-time data transmission technologies for doctors to monitor and assess patients. This use scenario allows for real-time diagnosis, prompt action, and time-saving. HealthTap, TytoCare and Eko are all players in this category. HealthTap offers online consultations with licensed doctors and a health library, and TytoCare provides remote examination capabilities. Eko offers a digital stethoscope for real-time heart sound analysis. Advantages Of Telehealth Access to healthcare services in underprivileged and rural areas is one of the most significant advantages of telemedicine. Patients can communicate with healthcare practitioners via telehealth apps using RTC technology, regardless of location, which reduces transit expenses and waiting times. The tech makes healthcare more accessible and convenient for patients who would otherwise face barriers to healthcare access. Telehealth apps have been found to improve patient engagement by offering interactive tools, personalized treatment plans and educational materials. Patients are motivated to participate actively in their healthcare experience, leading to better health outcomes than in traditional healthcare, where patients are often passive care recipients. In addition, telehealth can reduce healthcare costs for patients and healthcare providers. It can lower overhead expenditures and lead to more effective resource utilization for healthcare practitioners in both public and private settings. It makes the healthcare system more efficient and sustainable, benefiting patients and providers. Leverage RTC For Innovative Healthcare Solutions Telehealth applications and services are constantly advancing to keep up with the growing use of RTC technologies. These technologies include: • Artificial intelligence through chatbots, speech recognition and automated health warnings. • Augmented, virtual and mixed reality functionalities for remote diagnosis and medical education. • Remote physical therapy programs that use video conferencing and motion sensors to guide patients through exercises and track their progress. • Virtual reality therapy for patients with mental health conditions, such as PTSD or anxiety disorder. These technologies allow developers and RTC solution vendors to create innovative, user-friendly telehealth apps that leverage real-time interaction technologies. However, some challenges need to be addressed in this rapidly growing industry. Challenges Telehealth services deal with significant volumes of sensitive data, making security, privacy and app safety the first concern. Telehealth reimbursement policies and technological impediments are other challenges. Some individuals, like older people, may need help with internet access, device compatibility or user interface difficulties. Technical issues like bandwidth restrictions and network latency impact the quality of audio and video transmission, affecting face-to-face interaction between physicians and patients over time. The telehealth industry has exciting prospects, but opportunities come alongside significant challenges. Although healthcare organizations have many legal requirements, these challenges apply mainly to telemedicine software and services developers who must be well on their way to a HIPAA (Health Insurance Portability and Accountability Act)-compliant development environment. Furthermore, the technical aspects must thrive for excellent quality services. And it is mainly in this particular area that RTC solution providers and vendors compete fiercely. Their solutions ultimately influence the success of telehealth apps and services. Conclusion The telehealth industry presents exciting prospects as it continues to expand and RTC technologies become increasingly important for business and technical advancement. However, significant challenges remain within the sector. While healthcare organizations have many legal requirements, telemedicine software and service developers must ensure compliance with HIPAA regulations. Technical aspects must also thrive for high-quality services, and RTC solution providers and vendors compete fiercely in this area. The success of telehealth apps and services ultimately depends on the quality of their solutions. Therefore, selecting a good provider is crucial for healthcare providers and patients.
HealthTap Frequently Asked Questions (FAQ)
When was HealthTap founded?
HealthTap was founded in 2010.
Where is HealthTap's headquarters?
HealthTap's headquarters is located at PO Box 209 East Java Drive, Sunnyvale.
What is HealthTap's latest funding round?
HealthTap's latest funding round is Series C.
How much did HealthTap raise?
HealthTap raised a total of $37.85M.
Who are the investors of HealthTap?
Investors of HealthTap include Mohr Davidow Ventures, Mayfield, Khosla Ventures, The Perkins Fund, Asset Management Ventures and 11 more.
Who are HealthTap's competitors?
Competitors of HealthTap include Tia, Pursuant Health, Wellframe, Mediktor, Doximity, Doctor On Demand, MDLIVE, Zocdoc, AmWell, Spring Rain Software and 18 more.
Compare HealthTap to Competitors
Heal offers a healthcare platform. It provides patients with access to quality healthcare services by connecting them with vetted and licensed pediatricians. It was founded in 2014 and is based in Pacific Palisades, California.
Zocdoc is a digital healthcare marketplace for in-person or virtual care. It provides in-network doctors, books in-person or virtual appointments, reviews from verified patients, reminders for upcoming appointments, and preventive checkups. The company was founded in 2007 and is based in New York, New York.
HealthHero offers technology solutions for remote health monitoring and management. It provides a virtual suite of medical consultations and appointments to resolve inefficiencies and increase the accessibility and convenience of care for patients.
Sensentia automates complex tasks and processes in the health care administration domain that previously could only be done by humans, driving higher efficiency, better quality of service, at much lower cost. Sensentia is developing a whole platform and ecosystem of applications addressing a multitude of pains in this space. Their first product is providing a fully automated system to answer the billion of phone calls insurers receive from providers and members every year.
Firefly Health provides a web portal and mobile application so patients can access care for most wellness, chronic, and urgent needs online or over the phone.
Tactio builds remote patient monitoring systems using mobile apps and off-the-shelf connected health devices. The company aims to bring the health and lifestyle industry a series of proactive applications that help people manage a healthy lifestyle.
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