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Validic company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Healthcare
validic.com

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Founded Year

2010

Stage

Series B | Alive

Total Raised

$19.54M

Valuation

$0000 

Last Raised

$12.5M | 7 yrs ago

About Validic

Motivation Science is the developer of Validic, a digital health platform that provides a simple connection to secure, standardized data from specialized digital health technologies, such as wellness applications, wearables, fitness equipment and clinical devices.

Validic Headquarter Location

300 W Morgan Street Suite 1200

Durham, North Carolina, 27701,

United States

800-495-7934

Latest Validic News

Outlook on the Personal Health Record Software Global Market to 2027 - by Component, Architecture Type, Deployment Mode and Region - ResearchAndMarkets.com

Dec 17, 2021

Validic, Inc. Personal Health Record Software (PHR software) refers to a solution developed for patients to manage their health records along with insurance documents. A complete view of the medical and the current health records is shown in the software for the patient & doctors to get access to these records at the time of the treatment management process. Some of the basic information that is updated in the PHR software is a doctor's name, prescribed medications with dosage details; patient & doctor address details, medical history, and crucial information on allergies and drug reaction data. In addition, some more information like the detailed information and analytical representation of any lifestyle disease such as CVD, high blood pressure, diabetes, etc., genetic & hereditary disease information, past & upcoming surgery details, and detailed history of immunization and ill effects, are displayed in the PHR software. The surge in the number of government initiatives to promote paperless data integration in the healthcare industry and increasing awareness among patients living in urban areas about medical information management and storage are anticipated to bolster the growth of the global personal health record software market. There are several concerns attached to individual health data security, which is expected to possess a challenge for the market players. It is expected to further impact patient engagement initiatives and restricting the adoption of PHR solutions among the patients. COVID-19 Impact Analysis The outbreak of the global COVID-19 pandemic has put more pressure on healthcare organizations from the initial phases of the pandemic. The pandemic has negatively impacted the sales and revenues of key market players owing to the slowdown in new business bookings since some client purchasing decisions and projects were postponed to obtain important medical supplies, treating patients, and managing their organizations in the crisis. Additionally, enterprises like Allscripts, experienced some delays in dealing with direct software revenue & professional services deployments across their outpatient & inpatient base. The pandemic has collapsed the condition of work and life, creating an instant requirement for digital tools since companies across all the industries and regions surged their digital revolution efforts and shifted their products & services to the online platform. However, this pandemic has positively impacted the growth of the market due to the high acceptance of advanced technologies to fulfill the growing customer requirements. Market Growth Factors: Increasing government initiatives across the globe There are growing government initiatives across various regions to promote the paperless healthcare mechanism, which is estimated to accelerate the growth of the personal health record software market. In addition, the burden of carrying multiple papers or prescriptions for availing any healthcare facilities has led patients to opt for personal health record software, which is expected to further augment the growth of the market in the coming years. Growing digitalization in the healthcare industry The increasing digitalization across the globe, especially in the healthcare sector is creating demand for more advanced, compact, and convenient technologies and solutions, which is estimated to fuel the demand for personal health record software. This software helps in keeping the health record of a person that includes a wide variety of information like doctor and patient's address, an allergy to the patient, etc., which improves the healthcare management. Market Restraining Factor: Privacy and security concerns As all the health-related information of a person is updated in the personal health record software, it becomes extremely important to protect this information from getting into the wrong hands. Misuse of this information by criminals for illegal purpose has a high probability. With the improvements in technology and the growing adoption of smart technologies and solutions by patients, the chances of security and data breaches are relatively higher than earlier. Criminals are getting more advanced with time and have found new ways to carry out their plans for data theft. Key Topics Covered: Chapter 2. Market Overview

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Expert Collections containing Validic

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Validic is included in 8 Expert Collections, including Clinical Trials Tech.

C

Clinical Trials Tech

318 items

Companies developing products and services to streamline drug R&D, from drug discovery, pre-clinical testing, and clinical trials.

I

Insurtech

1,697 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

H

Health IT

2,198 items

Companies partnering with healthcare stakeholders to improve operational efficiency across payment, supply chain, data mgmt, and more.

C

Conference Exhibitors

5,302 items

D

Digital Health

12,254 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

T

Telehealth

2,732 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

Validic Patents

Validic has filed 3 patents.

The 3 most popular patent topics include:

  • Cloud standards
  • Computer access control protocols
  • Federated identity
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/27/2016

9/25/2018

Optical character recognition, Artificial intelligence applications, Diagrams, Diabetes, Personal computers

Grant

Application Date

7/27/2016

Grant Date

9/25/2018

Title

Related Topics

Optical character recognition, Artificial intelligence applications, Diagrams, Diabetes, Personal computers

Status

Grant

Validic Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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