25 Healthcare Technology Companies That Just Might Save Your Life Someday
In the fall of 2018, corporate finance advisory firm Hampleton published a report titled, “The healthtech sector is currently one of the most dynamic in technology M&A.” As a summary of the report notes, “aging populations, increasing patient demands and the rise of lifestyle diseases, coupled with pressure on the costs for delivering care are forcing healthcare providers to innovate to improve the quality of their services and lower their prices.”
Top Healthcare Technology Companies
- Flatiron Health
- Collective Health
- Verge Genomics
- Strata Decision Technology
Those innovations are made possible by technologies that range from blockchain and artificial intelligence to big data analysis and advanced sensors. IoT connectivity plays a key role, too. And data is central, but not on its own.
As Eric Topol, director of the Scripps Translational Science Institute, told Forbes, “Up until three-to-five years ago, all that data was just sitting there. Now it’s being analyzed and interpreted. It’s the most radical change happening in health care.”
Employing a wealth of digital information, these 25 healthtech companies are harnessing powerful technologies to create healthcare products and services that benefit patients and providers alike.
What it does: Tempus creates data-harnessing technology to personalize cancer treatment using genomic sequencing, clinical data structuring, image recognition, biological modeling and other means. It’s stated goal is for each patient to benefit from the treatment of others who came before.
Location: Santa Monica, Calif.
What it does: PatientPop aims to overhaul and improve the entire provider-patient experience with services ranging from digital booking and 24/7 scheduling to appointment confirmation and follow-up. It even emails and texts reminders to patients and sends out post-appointment surveys. Key metrics that include online search rankings and appointment requests are visible via a practice growth dashboard.
What it does: Flatiron connects community oncologists, academics, hospitals and life science researchers to improve cancer care. Its Flatiron Platform gives users an integrated view of patient population while providing business intelligence analytics and many other services. The company’s OncoCloud suite includes OncoEMR, OncoAnalytics, OncoTrials and OncoBilling.
What it does: bswift streamlines HR, benefits and payroll processes via intuitive software that was developed by benefits experts and incorporates such things as decision support tools, wellness incentives and defined contributions. Other services include a call center, dependent verification, COBRA administration and FSA administration.
Strata Decision Technology
What it does: Strata develops SaaS solutions several areas of the healthcare industry, including finance analytics and business intelligence. It’s StrataJazz platform was designed to simplify and streaming planning, budgeting, forecasting and the management of operating and capital spending.
What it does: VillageMD aims to be an additional support tool for physicians who want to provide their patients with even better care, whether it’s disease education, psychological counseling or upgraded living conditions. Benefits include provider-led integrated care teams, patient-centric support, proactive care and post-hospitalization services. The company’s DocOS is a proprietary system for bolstering primary care.
What it does: RealSelf provides an online platform for cosmetic surgery patients and providers to share personal stories, get recommendations, see before and after photos, ask and answer questions and receive special offers.
What it does: QuiO provides wireless injection devices and cloud-based monitoring software. Its web portal lets healthcare providers monitor patients and offer timely support — no setup, syncing or smartphone necessary.
Location: San Francisco
What it does: Collective Health’s integrated, cloud-based platform benefits self-insured employers and their workers by merging HR needs such as claims adjudication, administration and financial operations with member support and integrated analytics. Advantages include waste control waste, more effective cash flow management and more accurate financial reporting.
Location: San Francisco
What it does: Modern Fertility makes fertility tests cheaper and more convenient by taking them out of the lab so women can do them at home or a nearby clinic with a finger-prick or blood draw. Besides testing their fertility hormones, the company provides customized, physician-reviewed reports and offers education sessions via weekly webinars and one-on-one consults with fertility nurses.
Location: San Francisco
What it does: iRhythm’s diagnostic monitoring solutions are designed to improve health while reducing costs. Its wireless Zio Patch, for the diagnosis of cardiac arrhythmias, is applied by a doctor. Patients then simply press the patch upon feeling any irregular heart rhythms and log a description of said event in a provided booklet or via mobile app/website before returning the monitor by mail so the results can be used to make a diagnosis.
ZOLL Data Systems
Location: Broomfield, Colo.
What it does: ZOLL data management software includes EMS Dispatch solution to reduce workload, prevent errors, make predictions, offer two-way effective communication and more. Its ePCR technology for medics offers guidance for proper data collection by alerting users to missing information. The company also provides EMS billing solutions that employ “smart logic” to more efficiently and effectively provide high-quality services.
Location: Plymouth Meeting, Pa.
What it does: Accolade is a concierge service that advises users about healthcare plans and benefits through its Accolade Health Assistant and Maya Intelligence Engine. Human expertise and compassion are combined with cutting-edge technology to deliver a more personalized healthcare experience, with services provided via phone, app and website.
Location: Fort Myers, Fla.
What it does: NeoGenomics specializes in cancer testing and offers programs for pathologists and oncologists. Its labs provide genetic and molecular testing services to a variety of medical professionals, and it also offers cytogenetics testing to study chromosomal disease impact. Pathology consulting services are part of the mix, too. Clients include hospital and private pathology labs, office-based oncologists, academic institutions and many others.
Location: Campbell, Calif.
What it does: Transcend is a health management technology company that aims to provide a more proactive and coordinated approach to healthcare. Offerings include HealthLogix Populations for health system executives and care teams, and its HealthLogix Care culls a patient’s clinical, claims and wellness data from multiple sources. HealthLogix Market serves as a marketplace for third-party healthcare applications.
Location: Orlando, Fla.
What it does: CollaborateMD provides cloud-based medical billing and practice management software. Benefits include real-time claim submission, report financials and dashboard, patient processing and payment, claim control, scheduling and quick payments.
Location: Scottsdale, Ariz.
What it does: NeoLight makes phototherapy beds that provide treatment for premature and full-term infants with medical conditions like hypothermia and jaundice. The product is designed to be used in incubators, bassinets and other neonatal enclosures.
What it does: The app-based Orthly provides invisible dental aligners in a virtually human-free process. Scheduling is simple, and after an initial exam with an Orthly affiliated dentist to take images for 3D impressions, you’re on your way to a dazzling smile. According to the company, Orthly costs far less than traditional providers charge for similar products, and the quality is as good or better.
What it does: Carie Health lets users connect with board-certified physicians from their smartphones, tablets and laptops. A lower-cost solution to traditional healthcare, it’s as simple as signing up, locating your personal physician or choosing one from Carie’s network, scheduling an immediate or future consultation and visiting the doctor.
Location: Rochester, N.Y.
What it does: eHealth Technologies is in the medical records business. Its many healthcare solutions include concierge service that provides patient outreach, retrieval of medical records, images and pathology from disparate systems, record organization and image exchange that lets users access images from any connected site. Additionally, its Physician Engagement Suite of software helps patients find the right doctors and facilities.
Location: Houston, Texas
What it does: Eceptionist strives to provide better healthcare services at a lower cost via scheduling, telemedicine, e-referral and triage management, wait list and wait time management, case management, care pathways and more. It serves hospitals and other types of healthcare facilities around the world.
Location: San Diego, Calif.
What it does: Reflexion Health’s prescription software includes Vera, motion-tracking technology that acts as a virtual exercise rehabilitation assistant that prepares and educates patients for surgery, leads and records exercise performance, measures joints and limbs in motion, provides audio-visual feedback and facilitates “telehealth” visits between patients and healthcare professionals.
Location: San Francisco, Calif.
What it does: Founded by machine learning experts and neuroscience drug developers, Verge uses artificial intelligence to help pharmaceutical companies pinpoint drugs that have the highest likelihood of success so that money spent on a drug’s R&D isn’t wasted if that drug fails to be approved by the FDA.
Location: San Francisco, Calif.
What it does: Through Alector’s marriage of antibody technology and neuroimmunology, the company is striving to combat neurodegenerative disorders like Alzheimer’s by developing cutting-edge antibody therapies. Ideally, doctors will one day be able to use the body’s own immune system to more effectively fight dementia and neurodegeneration.
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