From at-home diagnostics to virtual consultation platforms, these startups are reshaping traditional healthcare models.
After raising a record-setting $3.3B in 2018, telehealth startups are on pace to pull in another $2.6B from investors this year on record deal volume.
The space has continued to draw attention with multiple $100M+ investments, such as Babylon Health‘s $550M Series C; startup M&A activity, including Medici’s acquisition of Chiron Health; and high-profile corporate partnership announcements, such as Walmart teaming up with Doctor on Demand. News mentions of telehealth are trending up, and discussions of the space on earnings calls hit a record high in Q3’19.
However, telehealth companies are still facing technological and structural barriers — such as insufficient infrastructure, regulatory governance, and interoperability capabilities. Startups in the space will need to continue to make significant R&D investments and forge strategic partnerships over the next few years to help overcome them.
Using CB Insights data, we identified 120+ startups driving telehealth forward. CB Insights treats “telemedicine” and “telehealth” as synonyms, referring to the use of modern telecommunication technology to provide clinical health services from a distance. Services may include consultations, diagnostics, prescriptions, therapy, preventative care/coaching, remote monitoring, and more.
Our definition only includes solutions that involve a human health professional (e.g. clinicians, nurses, caregivers, therapists, health coaches, etc.) as part of the information exchange.
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