From automated record keeping with Google Glass to computers that read medical images, startups are working to transform hospital care.
Digital health continues to be on investors’ minds, as funding to the industry hit a record last year of over $6.7B. At the current run rate, 2017 is on track to reach a new high of $9B.
Startups in the digital health sector vary widely, from heart rate tracking wearables to chronic care monitoring technology to specialist referral platforms. Using the CB Insights database, we identified 105 private digital health companies that have a direct impact on hospital care and mapped them according to 14 categories within the space. Among other initiatives, these companies are changing the way referrals are processed, medication is delivered, and medical records are stored.
Click image to enlarge. This market map is not meant to be exhaustive of companies in the space.
Here are the digital health categories in our map:
Care Management: Companies creating tools to aid in the development of, and compliance with, treatment plans. One example is HealthLoop, a cloud-based platform that automates follow-up care and tracks patient progress.
EMR/Practice Management: Companies focused on replacing or complementing conventional health record systems, such as Augmedix, which uses Google Glass to push information to Electronic Health Records.
Communication: Companies developing tools to facilitate intra-hospital communication between healthcare workers with one another and/or between healthcare workers and patients. Florida-based Voalte developed a secure messaging service for nurses and physicians.
Diagnostics: Companies developing diagnostic solutions that have a digital component. Examples include Genalyte, which developed a rapid, point-of-care blood diagnostics platform, and Freenome, a next-gen cancer diagnostics company applying AI to liquid biopsies.
Surgery: Companies developing digital tools designed to be used by surgeons or in the operating room. Gauss Surgical has developed a surgical blood-loss monitoring system that runs on an iPad.
Appointments & Referrals: Companies focused on platforms that help physicians identify and recommend specialists for the transfer of care. AristaMD, for instance, has developed a software intelligence platform to help primary care physicians.
Clinical Decision Support: Companies in this category develop wide-ranging solutions that aid physicians in determining a proper course of action for a particular patient. Examples include Lumiata, a predictive analytics company that calculates the likely progression of chronic disease in a patient, and Oncora Medical, developers of big data and machine learning software that enables the design of personalized radiation treatments for oncology patients.
Patient Experience: Companies such as NarrativeDx are working to either measure or improve the patient experience within the hospital.
Infection Control: Companies developing tools to help maintain proper hygiene, such as Swipe Sense, which develops sensors that track hand hygiene dispenser usage throughout hospitals.
Readmissions / Emergency Department: Companies like operations-focused data analysis company Qventus are working to optimize patient intake and experience in the emergency department.
Hospital Navigation: Companies such as Gozio Health, a smartphone-based indoor positioning and wayfinding platform, develop digital tools designed to help patients and staff better find their way around the hospital.
Pharmacy: Companies working in inventory management, prescription delivery, and/or prescription verification. Talyst, for example, develops medication inventory software, while others include PillPack and Capsule, two prescription delivery platforms.
Patient Monitoring: Companies working on continuous bedside or remote monitoring of patient status. One such company is Missouri-based MediBeacon, which offers real-time tracking of kidney function.
|AidIn||New York Digital Health Accelerator, General Catalyst Partners, HLM Venture Partners||Appointments & Referrals|
|Amino||Accel Partners, CRV, Highland Capital Management, Rock Health, Aspect Ventures||Appointments & Referrals|
|AristaMD||Avalon Ventures, Correlation Ventures||Appointments & Referrals|
|Doctolib||Accel Partners, BPI France||Appointments & Referrals|
|eVariant||Lightspeed Venture Partners, McKesson Ventures, Salesforce Ventures, Dignity Health||Appointments & Referrals|
|Grand Rounds||Greylock Partners, Venrock, Harrison Metak||Appointments & Referrals|
|Healthify||New York Digital Health Accelerator, Kapor Capital, Milestone Venture Partners||Appointments & Referrals|
|Kyruus||F-Prime Capital, Highland Capital Management, Lux Capital||Appointments & Referrals|
|Practo Technologies||Matrix Partners India, Thrive Capital, Sequoia Capital India, Tencent Holdings||Appointments & Referrals|
|Solera Health||BlueCross BlueShield Venture Partners, Sandbox Industries||Appointments & Referrals|
|Alignment Healthcare||Warburg Pincus, General Atlantic||Care Management|
|Caremerge||Arsenal Venture Partners, GE Ventures, Insight Venture Partners||Care Management|
|Dash MD||University of Toronto Early-Stage Technology, Spark Innovation Centre||Care Management|
|Health Gorilla||Data Collective, True Ventures, Orfin Ventures||Care Management|
|HealthLoop||Summation Health Ventures, Canvas Ventures, Founders Fund||Care Management|
|LumiraDx||Undisclosed Investors||Care Management|
|Medisas||Khosla Ventures, Andreessen Horowitz, SV Angel, Y Combinator||Care Management|
|PatientPing||Andreessen Horowitz, First Round Capital, Google Ventures, SV Angel||Care Management|
|Pieces Technologies||Childrens Medical Center, Jump Capital, OSF HealthCare, Pacific Advantage Capital||Care Management|
|SilverVue||Epic Ventures, GE Ventures, Pritzker Group Venture Capital||Care Management|
|Wellframe||Rock Health, Draper Fisher Jurvetson, Formation 8, QueensBridge Venture Partners||Care Management|
|Fabric Genomics||Roche Venture Fund, Ping An Ventures, Artis Ventures||Clinical Decision Support|
|Health Catalyst||Kaiser Permanente Ventures, Leerink Partners, Sands Capital, Sequoia Capital, Norwest Venture Partners||Clinical Decision Support|
|Human Longevity||Amino Capital, Celgene, Draper Fisher Jurvetson, GE Ventures, Illumina||Clinical Decision Support|
|Lumiata||Khosla Ventures, BlueCross BlueSheild Venture Partners, Sandbox Industries, Intel Capital||Clinical Decision Support|
|OM1||7wire Ventures, General Catalyst, Glikvest, Wanxiang Healthcare Investments||Clinical Decision Support|
|Oncora Medical||BioAdvance, iSeed Ventures, Science Center, Dreamit Ventures, Dorm Room Fund||Clinical Decision Support|
|Syapse||Ascension Ventures, GE Ventures, Safeguard Scientifics, Social Capital||Clinical Decision Support|
|Cureatr||Cardinal Partners, JMI Services, Milestone Venture Partners||Communication|
|DrFirst||Goldman Sachs, SunTrust Banks, Savano Capital Partners||Communication|
|PatientSafe Solutions||TELUS Ventures, EDBI, Camden Partners, Menlo Ventures||Communication|
|Stitch Technologies||Y Combinator||Communication|
|TigerText||Norwest Venture Partners, Shasta Ventures, OrbiMed Advisors||Communication|
|Voalte||Ascension Ventures, Bedford Funding, Cerner Capital||Communication|
|Basil Leaf Technologies||Qualcomm Ventures||Diagnostics|
|BlueBee||CDH Solutions, Clearwell Group, Tullis Health Investors||Diagnostics|
|Freenome||Andreessen Horowitz, Founders Fund, Third Kind Venture Capital||Diagnostics|
|Mindstrong Health||ARCH Venture Partners, Foresite Capital Management, Optum Ventures, One Mind Brain Health Impact Fund||Diagnostics|
|Genalyte||Claremont Creek Ventures, BioMed Ventures, Khosla Ventures, Redmile Group||Diagnostics|
|Grail||ARCH Venture Partners, Illumina, Sutter Hill Ventures, Amazon, Johnson & Johnson Innovation||Diagnostics|
|Guardant Health||Khosla Ventures, Lightspeed Venture Partners, OrbiMed Advisors, Sequoia Capital||Diagnostics|
|Singulex||OrbiMed Advisors, GE Capital, Silicon Valley Bank, Fisk Ventures||Diagnostics|
|Two Pore Guys||Khosla Ventures||Diagnostics|
|Connexient||Undisclosed Investors||Hospital Navigation|
|Gozio Health||Rutherford Seydel, Undisclosed Investors||Hospital Navigation|
|Locatible||Dynamo Accelerator||Hospital Navigation|
|HandInScan||DBH Investments, Perion Investment Fund||Infection Control|
|SwipeSense||BlueCross BlueShield Venture Partners, Eclipse Ventures, New Ground Ventures||Infection Control|
|Xenex Disinfection Services||Battery Ventures, RK Ventures Group, Targeted Technology||Infection Control|
|Bivarus||Excelerate Health Ventures, NueCura Partners, Halteras Venture Partners||Patient Experience|
|MedStatix||Ben Franklin Technology Partners, Aspire Ventures||Patient Experience|
|NarrativeDx||DreamIt Ventures, LiveOak Venture Partners||Patient Experience|
|Outcome Health||Goldman Sachs, Leerink Transformation Partners, Pritzker Group Venture Capital||Patient Experience|
|PatientsLikeMe||Robert Wood Johnson Foundation, iCarbonX, Invus Group, Omidyar Network||Patient Experience|
|AliveCor||Mayo Clinic Ventures, Qualcomm Ventures, Omron Healthcare||Patient Monitoring|
|EarlySense||Samsung Ventures, ProSeed Venture Capital, Welch Allyn||Patient Monitoring|
|Endotronix||Aperture Venture Partners, BioVentures Investors, SV Life Sciences||Patient Monitoring|
|Glytec||Equity Resource Investments, Standard Pacific Capital, Sea Dragon Healthcare Partners||Patient Monitoring|
|MediBeacon||BioGenerator, HC2 Holdings||Patient Monitoring|
|OptiScan Biomedical||MedVenture Associates, Morgenthaler Ventures, Wexford Capital||Patient Monitoring|
|Ornim Medical||GE Ventures, OrbiMed Advisors, Agate Medical Investments||Patient Monitoring|
|VitalConnect||Perceptive Advisors, MVM Life Science Partners, Baxter International||Patient Monitoring|
|Capsule||Thrive Capital, Sound Ventures, Virgin Group||Pharmacy|
|Myra Labs||Slack Fund, Floodgate||Pharmacy|
|PerceptiMed||Easton Capital, New Science Ventures, Latterell Venture Partners||Pharmacy|
|Phil||Eniac Ventures, Forerunner Ventures, SoftTech VC, SV Angel||Pharmacy|
|PillPack||Accel Partners, Sherpa Capital, QueensBridge Venture Partners, CRV, Menlo Ventures||Pharmacy|
|Proteus Digital Health||Novartis, Medtronic, Oracle, Kaiser Permanente Ventures, Otsuka Holdings||Pharmacy|
|RxRevu||Nat Turner, Arnold Schaeffer, Galvanize, Vivek Garipalli, Zach Weinberg||Pharmacy|
|Talyst||AIG Investments, Ignition Partners, OVP Venture Partners||Pharmacy|
|ZappRx||Atlas Venture, SR One, Life Science Angels||Pharmacy|
|Augmedix||Rock Health, DCM Ventures, Emergence Capital Partners||Practice Management|
|CareCloud||Intel Capital, Norwest Venture Partners, Adams Street Partners||Practice Management|
|Cedar||Founders Fund, Thrive Capital||Practice Management|
|DrChrono||Maxfield Capital, Box, Silicon Valley Bank, General Catalyst, CRV||Practice Management|
|ESO Solutions||Austin Ventures, Accel-KKR||Practice Management|
|Flatiron Health||Google Ventures, Roche Venture Fund, First Round Capital, Casdin Capital||Practice Management|
|medCPU||Merck Global Health Innovation Fund, University of Pittsburgh Medical Center||Practice Management|
|Modernizing Medicine||IBM Watson Group, Sands Capital, Summit Partners, Pentland Group||Practice Management|
|PointClickCare||Dragoneer Investment Group, JMI Equity||Practice Management|
|Pokitdok||McKesson Ventures, New Atlantic Ventures, Lemhi Ventures, Healthy Ventures||Practice Management|
|Practice Fusion||Artis Ventues, Kleiner Perkins Caufield & Byers, Salesforce Ventures||Practice Management|
|Aidence||Haaglanded Hospital Group, Health Innovations, henQ, Northzone Ventures||Radiology|
|Ambra Health||Canaan Partners, Mayo Clinic, CHL Medical Partners||Radiology|
|Arterys||AME Cloud Ventures, Asset Management Ventures, Emergent Medical Partners, GE Ventures||Radiology|
|Butterfly Network||Aeris Capital, Stanford University||Radiology|
|Enlitic||Capitol Health Partners, Data Collective, Amplify Partners||Radiology|
|HeartFlow||BlueCross BlueShield Venture Partners, Capricorn Healthcare, Sandbox Industries, US Venture Partners||Radiology|
|LifeIMAGE||Zaffre Investments, Cardinal Partners, Galen Partners, Long River Ventures||Radiology|
|Lunit||InterVest, Formation 8, Softbank Ventures Korea, Mirae Asset Ventures||Radiology|
|Trice Medical||BioStar Ventures, Safeguard Scientifics, HealthQuest Capital||Radiology|
|Zebra Medical Vision||NVIDIA GPU Ventures, Deep Fork Capital, Khosla Ventures, Intermountain Healthcare||Radiology|
|Ambient Clinical Analytics||Social Capital, Rock Health, Mayo Clinic Ventures, Bluestem Capital Partners, Waterline Ventures||Readmissions/ Emergency Department|
|jvion||Mayo Clinic, Eastside Partners||Readmissions/ Emergency Department|
|Qventus||Fenox Venture Capital, Y Combinator, FundersClub||Readmissions/ Emergency Department|
|Auris Surgical Robots||Lux Capital, Mithril Capital Management, Highland Capital Partners||Surgery|
|Cambridge Medical Robotics||Cambridge Innovation Capital, Escala Capital, LGT Capital Partners, ABB Technology Ventures||Surgery|
|Gauss Surgical||Jump Capital, LifeForce Ventures, Promus Ventures, Summation Health Ventures||Surgery|
|Intellijoint Surgical||Georgian Angel Network, MaRS Investment Accelerator Fund||Surgery|
|OrthoSensor||Ziegler Meditech Equity Partners, Bridger Healthcare, Tullis Health Investors||Surgery|
|Osso VR||Anorak Ventures, SignalFire||Surgery|
|Surgical Theater||HTC, Shanghai Creation Investment||Surgery|
|TouchSurgery||Blueprint Health, AO Invest||Surgery|
*Note this is an expansion of our Digital Hospital infographic published October 11, 2016. This updated market map contains an additional 22 companies.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity