Healthy companies
Akido is solving a big problem in healthcare. The founding team got so frustrated with IT integration queues and data governance issues at hospitals that they started Akido. Akido provides a turn-key solution for application developers and hospitals to significantly compress the typically excruciating lag of working together.
Anagram removes the pain from the otherwise very painful process of submitting out-of-network claims to get reimbursed by your insurance company. This is possible because of the team's deep understanding of the technical and workflow friction points associated with both the claims adjudication and point of sale processes. Their solutions help all of us use our their insurance plan's offerings more robustly - with none of the typical hassle.
The US healthcare system is besieged by low quality, poor experience, high cost, and poor outcomes. One of the biggest reasons: lack of incentive alignment. Arbital Health is building an industry utility to make it simple to adjudicate contracts and accelerate the $1 trillion shift to value-based care in the country.
While a specific analysis might take minutes or hours, getting data cleaned and organized, to the point where it's possible to analyze - takes days or weeks. In healthcare, this data architecture problem is even more acute. Carta was founded by a mathematician and a physicist who understand how to solve very difficult data problems. In Carta, they've productized that insight and have already built out use-cases that customers are buying.
Therapeutics are getting more and more targeted. As a result, the number of small clinical trials performed each year is exploding. Whether it's pre-approval clinical trials or late-phase trials, the market is asking for modular electronic data capture systems with features that will enable real-world evidence generation. ClinCapture's team are experienced clinical trial software executives who have positioned ClinCapture to uniquely go after these rapidly expanding markets.
The primary care physician (PCP) is the main interface with the health system for about half of the population. PCPs often see warning signs for behaviors that adversely affect health outcome (e.g., behavioral health, addiction, etc) but don't have the time to address it with their patients. Concert Health is an outsourced service provider for those PCPs. It is a turn-key solution allowing their customers to immediately offer those services to their patients.
Companies commonly point to data as their most valuable asset. Yet, data in healthcare is so dirty that it can only be used very narrowly. Cleaning it is a slow, expensive, mostly manual effort. CornerstoneAI is solving the fundamental problem for today’s data-intensive organizations: how to turn data into actionable insights. Cornerstone programmatically cleans customers' data and offers low-code/no-code data science enabling customers to generate insights.
Analytics and workflow optimization for pharmacies.
Health insurance plays a critical central role in supporting healthy lives for all. Yet, it remains an all-too inscrutable purchase decision and user experience for so many of us. Decent offers a markedly different type of insurance that puts members first.
In the US, everyday 20,000 Americans turn 65 years old and become eligible for healthcare coverage from Medicare. But there are SO many options and decisions to make - with very little clear information. EasyHealth serves as an understandable, trusted guide for a patient's health journey.
Acquired by mPulse Health plans and providers have a hard time engaging with patients in an effective way. HealthCrowd uses the same best practices of multivariate optimization found in ad tech to power messaging on their behalf. HealthCrowd’s analytics identify the best mode and style of communication to get messages across which are important for people's well-being.
Acquired by Sphere Driven by high deductible plans and by a shift to co-insurance, patients are bearing more and more direct financial responsibility for healthcare payments. Currently, patients pay less than half they owe. HealthiPass's product allows patients to understand their obligation, pay, and create payment plans resulting in payment rates above 90%!
Inbox powers the payment pipe for healthcare costs that patients directly have to pay. This is a $1 trillion unmet market need. Till now, there's been no scale infrastructure for patient pay because historically there hasn't been the need need for it. This is quickly changing as consumers are increasingly on the hook to pay for healthcare costs out-of-pocket. Inbox provides software that is intuitive and intelligent to finally serve well both the billing service providers that work with doctor practices and patients like you and me.
LighthouseAI is an AI-driven SaaS that powers supply chain regulatory compliance for the life science industry. They provide a continuous, automated solution for pharma and med tech manufacturers and distributors to seamlessly navigate the highly complex and ever-changing landscape of federal and state requirements.
Macro Trials focuses on distributed clinical trials, especially in the fast growing and operationally difficult rare disease space. They provide infrastructure to reduce the complexity of distributed trials in what's dubbed as "Site Optimization Organization.” This currently includes new site activation and site monitoring. In the future, they'll build products to help design trials, business intelligence to ensure they’re being executed appropriately, recommend amendments, and power the intelligence behind synthetically powering control arms.
Acquired by Invitae As the price of genomic data decreases, its applications multiply. Yet, bio-informatics continues to be a bottleneck. One Codex focuses on the microbial genomics market and allows users to go from 'data to answer,' and 'answer to analysis' instantaneously. This is useful in chronic disease diagnostics, infectious disease, agriculture, and food and environmental safety.
Acquired by Change PokitDok offers one of the most extensive open API marketplaces available for healthcare transactions. Their APIs add new capabilities for digital health, telemedicine, and other new, disruptive care models that support value-based, patient-centric healthcare. Additionally, PokitDok was the leader in blockchain for healthcare, enabling Change to become the first healthcare IT company to deploy blockchain at enterprise scale.
Season uses existing rails in food supply chains to drive proper nutrition to consumers and reduce healthcare costs. They do this while leveraging the cost-intensive aspect of the actual physical delivery of food which others have invested in already. Josh and the team are targeting a multi-billion food-as-medicine market via an insurance payer distribution channel that unlocks scale access to patients.
Sprockets creates a “fit” score to best match job seekers with companies, allowing employers to level-up their talent. What this means: Sprockets tech enables employers to hire more employees who are very much like their already known top-performers. The result is better employees, higher retention, and a more productive culture.
In clinical trials, missing important protocol deviations until the end of the study leads to delayed timelines and data loss. studyOS (formerly Butterfly Labs) is solving for this real-time to save study timelines and budgets.
Over 90% of clinical trials are plagued by costly delays, with failure to recruit enough patients as the biggest culprit by far. SubjectWell inverts the broken patient recruitment paradigm. Instead of fire drill campaigns to chase down the last patients for delayed trials, SubjectWell powers real-time patient matches through an ever-growing marketplace. This fundamentally, and permanently, changes the reach and economics of clinical trials.
Every part of a business is increasingly run by data. Yet, the majority of employees aren't data savvy and most companies can't afford armies of data scientists. Whiz.ai is a next generation advanced analytics company, focusing on the life-sciences vertical.
Acquired by Netskope WootCloud not only automatically detects and characterizes all devices on a network, but it also types devices, risk stratifies devices and, in the case of breaches, customizes the necessary remediation. WootCloud sells its technology into all industries, but the problem is more prevalent in healthcare than in other verticals.
Acquired by HSB Cybersecurity breaches are increasingly common. Healthcare leads all industries in the value (penalty) of a breached record. Small and medium businesses (SMBs) are especially vulnerable as they're unable to invest significantly in security. Zeguro offers SMBs a SaaS product that effectively serves as an outsourced CISO. In addition, Zeguro understands its customers' needs and tailors cybersecurity insurance for them.