mark behl presents: 3 up-and-coming digital health companies that put patient experience first
TRANSCRIPT
An article released inTechCrunch earlier this year,mentioned that the biggestobstacle to digital healthstartups is the integration of thetechnology that these companiesprovide into larger legacysystems.
However, over the past year, we’ve seen somegreat leaps and bounds in the digital health
industry.
Over 111 deals have been documented in the digitalhealth subsector
Together these deals accounted for a total of $1.3 billion
AND
(Startuphealth.com)
Clearly, some digital health startups have beenmaking out like bandits.
And the ones that have been doing so have allkept a laser-like focus on patient experience.
Here's a look at three of them.
Practo
Based out of India, Practo offers a bookingservice for healthcare appointments. In August, it
raised $90 million in Series C funding from
Tencent SofinaGoogle CapitalSequoia IndiaAltimeter CapitalMatrix PartnersSequoia Capital Global Equitiesand Yuri Milner
With this funding, Practo isplanning to expand the amountof cities where it is currentlyoperating from 35 to 65.
What’s more, Practo hasalso begun collaboratingwith Uber.
In India, Singapore and Indonesia, users willbe able to see the closest Uber availablewhen they receive reminders for theirappointments, including:
Estimated FairEstimated time of arrival for UberAnd the destination address at the start of the trip
Omada Health
The biggest talking point with Omada Healthis the way that it’s placing priority on clinical
validation.
On their website they bill themselves as pioneersof “digital therapeutics…a new category of
medicine that sits at the intersection oftechnology, and design.”
This past year, they added a program to theirsite for patients at risk to cardiovascular
disease.
And investors must be big fans.
Omada Health raised 48 million in theirSeries C round, which they plan on using to
expand their digital therapeuticsprogramming on type 2 diabetes.
With an intersectional focus, this program willspan web, mobile engagement, and
counseling efforts based on guidelines fromthe National Diabetes Prevention Program.
Omada Heath's newest investors include:
Norwest Venture PartnersGE VenturesdRX Capital
ZocDoc
ZocDoc is already known for providingan outstanding appointment booking
service, but now they’re looking toenhance patient experience even more.
Streamlining the process of bookingappointments has been a target for many
digital health startups, but ZocDoc is lookingto set itself apart with exceptional price-
comparison tools and an aggressiveapproach to expanding its customer base.
At $130 million, ZocDoc raised one of thelargest funding rounds this year.
This past year saw Fitbit, Teladoc, andEvolvent Health go IPO.
The word on the street is that ZocDocmight be next.
Some other companies worth mentioninginclude:
Doctor on Demand - providestelemedicine servicesPager - a medical concierge serviceMedical Memory - a way for specialistphysicians to record appointments withdigital video and store recordsOscar - a streamlined health insurancecompany
Which digitalhealth companies
are you watching?
For more info,check out my
my blogMarkBehl.net
And my Twitter@MarkBehl