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2 Healthcare Analytics Report, July 2016
3
Contents
Topic
Page No.
Scope of Report
05
Entrepreneur Activity
07
Investment Trend
09
Who is Investing
17
Exit Outlook - IPO, Acquisitions
21
Sub Sector Analysis
24
Interesting Companies
39
Useful Links
54
Company List
56
Team
204
3 Healthcare Analytics Report, July 2016
Illustrative Sectors We Track
ENTERPRISE
INFRASTRUCTURE
HEALTH
CONSUMER
ENTERPRISE
APPLICATIONS
SECURITY
BIOPHARMA
MARKETPLACES
SAAS
STORAGE
DIAGNOSTICS
SUBSCRIPTION COMM.
MOBILE-FIRST ENT. APPS
NETWORKING
MEDICAL DEVICES
UBER FOR X
INTELLIGENT ENT. APPS
MOBILITY
HEALTHCARE ANALYTICS
INTERNET FIRST BRANDS
OPEN SOURCE
IT OPS
FITNESS AND WELLNESS
FOOD TECH
RETAIL TECH
CLOUD INFRASTRUCTURE
HEALTH IT
GROCERY TECH
MARKETING TECH
API MANAGEMENT
CONSUMER HEALTHTECH
TRAVEL
STEALTH MODE
BIGDATA INFRASTRUCTURE
MOBILE HEALTH
GAMING
VERTICAL SAAS
TECH
FINTECH
EDUCATION
MOBILE
INTERNET OF THINGS
BITCOIN
EDUCATION IT
MOBILE COMMERCE
3D PRINTING
PAYMENTS
SELF LEARNING
MOBILE PAYMENTS
4 Healthcare Analytics Report, July 2016
Sector Overview
Scope of report
Healthcare analytics is defined as the use of data, information technology and computer-based mathematical models to gain insights
that support healthcare professionals in decision making. This report covers B2B companies that offer healthcare analytics solutions to
Providers, Payers, Employers and Accountable Care Organizations (ACOs). The companies have been classified based on their application
- Clinical, Financial, Operational and Suite Solutions. Examples include companies that offer analytics for Population Health Management,
Clinical Decision Support Systems, Patient Engagement, Revenue Cycle Management and Workflow Management. It excludes those
companies that offer analytics in the form of consultancy, B2C solutions and companies that offer analytics for drug development,
drug discovery or research. This report also does not cover companies that offer their solutions to multiple industries (Oracle, SAS)
and companies whose non-analytics products and solutions span the entire healthcare sector (Cerner, McKesson).
The scope of this report includes equity as well as debt funding received by the companies.
Business Model
Description
Clinical Analytics
Solutions that help gain insight into clinical operations, aid decision making, predict patient health deterioration,
prevent hospital readmissions and improve the quality of patient care.
Financial Analytics
Solutions aimed at streamlining and improving the revenue cycle process, identifying cost containment
opportunities
Operational Analytics
Suite Solutions
Solutions that support administrative and operational decision making in areas such as customer acquisition,
workflow management and market intelligence
Solutions with multiple use cases that support overall performance improvement
5 Healthcare Analytics Report, July 2016
6
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
6 Healthcare Analytics Report, July 2016
YoY – Number of companies founded
Modernizing Medicine
Evolent Health
Flatiron Health
Alignment Healthcare
Centauri Health Solutions
Lyra Health
SurgeonCheck
Kyruus
Butterfly Network
MD Insider
XG Health Solutions
PatientPop
Pieces Tech
Scribe.AI
120
103
100
Number of Companies
89
80
69
58
60
58
40
28
20
8
0
2010
2011
7 Healthcare Analytics Report, July 2016
2012
2013
2014
2015
2016
8
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
8 Healthcare Analytics Report, July 2016
YoY – Number of Rounds and Total Funding
1800
200
$1.6B
182
168
160
$1.2B
133
1080
120
$829M
83
720
85
51
360
56
$192M
$111M
14
$475M
$350M
34
80
40
$222M
$129M
0
0
2008
2009
2010
2011
2012
Funding Amount
2013
Number of Rounds
Note: The funding includes debt rounds also.
9 Healthcare Analytics Report, July 2016
2014
2015
2016
Number of Rounds
Funding Amount (in Millions)
1440
YoY – Number of Rounds by Stage
180
24
144
Number of Rounds
19
12
108
68
64
44
12
72
4
36
14
38
40
25
21
0
2011
68
64
63
29
2012
19
2013
Seed
10 Healthcare Analytics Report, July 2016
2014
Early
Late
2015
2016
YoY – Funding by Stage
1600
Total Funding Amount (in Millions)
1280
$754M
960
$655M
640
$502M
$592M
$109M
320
$110M
$28M
$166M
0 $23M
2011
$215M
$13M
2012
$451M
$247M
$42M
$56M
$43M
2013
2014
2015
Seed
11 Healthcare Analytics Report, July 2016
$217M
Early
Late
$18M
2016
Average Ticket Size – Early Stage
30.0
Funding Amount (in Millions)
25.0
$24.0M
20.0
$14.4M
15.0
$13.0M
$11.5M
$10.8M
10.0
$8.5M
$7.2M
$5.9M
$6.1M
$5.5M
$7.9M
$6.3M
5.0
$1.2M
$0.6M
$0.6M
2012
2013
$1.8M
$1.5M
2015
2016
$1.0M
0.0
2011
Seed
12 Healthcare Analytics Report, July 2016
2014
Series A
Series B
Top investments in last one year
Company
Funding
Amount
Round
Name
Date
flatiron.com
Flatiron Health
(New York City, 2012)
$175M
Series C
Jan-2016
heartflow.com
HeartFlow
(Redwood City, 2007)
$100M
Series D
May-2016
healthcatalyst.com
Health Catalyst
(Salt Lake City, 2008)
$70M
Series E
Feb-2016
Norwest Venture Partners, UPMC
remedypartners.com
Remedy Partners
(Darien, 2011)
$60M
Series B
Nov-2015
Bain Capital Ventures
centaurihs.com
Centauri Health Solutions
(Phoenix, 2014)
$50M
PE
May-2016
Silversmith Capital
proteus.com
Proteus Digital Health
(Redwood City, 2001)
$50M
Series H
Apr-2016
welltok.com
Welltok
(Denver, 2009)
$45M
Series E
Dec-2015
Georgian Partners, EDBI, Flare Capital Partners
evariant.com
Evariant
(Farmington, 2008)
$42M
Series C
Nov-2015
Lightspeed Venture Partners, Health Enterprise Partners,
Salesforce, Dignity Health, Goldman Sachs
13 Healthcare Analytics Report, July 2016
Investors
Roche, Baillie Gifford, Casdin Capital, Allen and Company
Top investments in last one year
Company
Funding
Amount
Round
Name
Date
modmed.com
Modernizing Medicine
(Boca Raton, 2010)
$38M
Series E
Sep-2015
Pentland, Sands Capital Ventures, Summit Partners
lyrahealth.com
Lyra Health
(Burlingame, 2015)
$35M
Series A
Oct-2015
Greylock Partners, Venrock, Breyer Capital, Origin Capital Partners,
Castlight Health
medcpu.com
medCPU
(New York City, 2008)
$35M
Series C
Feb-2016
UPMC, Merck
earlysense.com
EarlySense
(Ramat Gan, 2004)
$25M
Series G
June-2016
Bank Hapoalim, Pitango Venture Capital, JK and B Capital
kyruus.com
Kyruus
(Boston, 2010)
$25M
Series C
Sep-2015
New Leaf Ventures, Fidelity Biosciences, Highland Capital Partners,
Leerink Partners, Lux Capital, Mckesson ventures, Providence
Health & Services, Venrock
syapse.com
Syapse
(Palo Alto, 2008)
$25M
Series C
Jan-2016
Ascension Ventures, Social Capital, Safeguard Scientifics
mdrevolution.com
MD Revolution
(San Diego, 2011)
$23M
Series C
Dec-2015
Jump Capital
launchpointcorporation.com
LaunchPoint
(Rolling Meadows, 2008)
$23M
Series C
Aug-2015
Carrick Capital Partners
14 Healthcare Analytics Report, July 2016
Investors
Funnel view of Sector
Percent of
Previous
Founded
633
Funded
377
Series A
60%
262
Series B
69%
101
Late
39%
57
M&A & IPO
74
0
140
280
420
Number of Companies
15 Healthcare Analytics Report, July 2016
560
700
6
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
16 Healthcare Analytics Report, July 2016
Most Active Investors in Sector
Change Healthcare Change Healthcare
12
WellDoc
Evidation
Assurex Health
CloudMedx
Syapse
Remedy Partners
NarrativeDx
Sentrian
Notable Labs
Glooko
MedHOK
Oncora Medical
Penzata
7
7
7
Bain Capital
Ventures
Dreamit Ventures
Frost Data
Capital
ZeOmega
OnShift
medCPU
Ginger.io
Health Catalyst
11
11
11
11
11
10
9
8
Number of Companies
8
6
4
2
0
BlueCross
BlueShield
Venture Partners
HLM Venture
Partners
Merck
17 Healthcare Analytics Report, July 2016
Rock Health
Sequoia Capital
Y Combinator
Social Capital
Where are Top Investors investing
BlueCross
HLM Venture
BlueShield
Partners
Venture Partners
Clinical
Change Healthcare
ZeOmega
Lumiata
Change
Healthcare
MedVentive
Medicalis
Merck
Rock Health
WellDoc
medCPU
Healthsense
Ginger.io
Wildflower
Health
Ambient
Clinical
Assurex
Health
Y
Social Bain Capital Dreamit
Combinator Capital
Ventures
Ventures
CloudMedx
Notable Labs
EnsoData
Health
Catalyst
SCIO Health
Analytics
ZirMed
Suite
Solutions
OnShift
Binary Fountain
Operational
Financial
Sequoia
Capital
ArroHealth
ArroHealth
Horizontal
18 Healthcare Analytics Report, July 2016
Evidation
Sensentia
Syapse
Glooko
Ambient
Clinical
MedHOK
Humedica
Oncora
Medical
Tissue
Analytics
Somatix
Remedy
Partners
MedeAnalytics
NarrativeDx
Kermit PPI
analyticsMD
Enclarity
Frost Data
Capital
Sentrian
Penzata
Top Investor by Stage of Entry
Seed
Series A
Rock Health
8
GE Ventures
Y Combinator
6
Dreamit Ventures
Series B
Merck
4
HLM Venture Partners
4
BlueCross BlueShield Venture
4
Partners
Bain Capital Ventures
3
Bain Capital Ventures
3
5
Google Ventures
3
Kaiser Permanente Ventures
3
Ascension Ventures
2
Healthbox
5
Health Enterprise Partners
3
New Leaf Ventures
3
BlueCross BlueShield Venture
2
Partners
Blueprint Health
4
Khosla Ventures
3
BlueCross BlueShield
Venture Partners
2
Bregal Sagemount
2
Startupbootcamp
3
Sandbox Industries
3
Cambia Health Solutions
2
CHV Capital
2
Techstars
3
Sequoia Capital
3
Easton Capital
2
Flare Capital Partners
2
Aging2.0
2
Asset Management Ventures
2
First Round Capital
2
General Atlantic
2
Analytics Ventures
2
BDC
2
Flare Capital Partners
2
Great Point Partners
2
BFTP
2
Cambia Health Solutions
2
GE Ventures
2
Highland Capital Partners
2
19 Healthcare Analytics Report, July 2016
5
Later Stage
0
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
20 Healthcare Analytics Report, July 2016
Top IPOs in last three years
IPO Date
Company
Volpara Solutions
(Wellington, 2009)
Apr-2016
Jun-2015
Feb-2015
evolenthealth.com
epocrates.com
Evolent Health
(Arlington, 2011)
Inovalon
(Bowie, 1998)
21 Healthcare Analytics Report, July 2016
Overview
Investors
Quantitative breast imaging tools to assess breast imaging density
Provides clinical and operational technology solutions to healthcare organizations
Advisory, TPG Growth, TPG Global, UPMC Health Plan
Cloud-based data analytics platform that helps improve clinical, financial and
payment integrity outcomes
Funding
Amount
IPO Price
Exch:Ticker
$5.5M
$10M
ASX:VHT
$121.28M
$195M
NYSE:EVH
$600M
NASDAQ:INOV
Major Acquisitions since Jan 2016
Date
Company
Acquirer
Deal Size
Overview
Jun-2016
originhs.com
Equation Health
(Layton, 2006)
MedassetsPrecyse
Undisclosed
May-2016
healthdatainsights.com
MultiPlan
(New York City, 1980)
Hellman &
Friedman
Undisclosed
Apr-2016
Verisk Health
(Waltham, 1997)
Veritas Capital
$820M
Data analytics, risk assessment, payment accuracy, and revenue
integrity solutions to the healthcare industry
Feb-2016
Truven Health Analytics
(Ann Arbor, 1997)
IBM
$2.6B
Delivers analytic tools, benchmarks and services
Invest Michigan Fund, Veritas Capital
Feb-2016
Hark
(London, 2013)
Google Deep
Mind
Undisclosed
Feb-2016
QPID Health
(Boston, 2012)
eviCore
Jan-2016
CVInfosys
(Westlake Village, 2016)
SCIO Health
Analytics
Undisclosed
Jan-2016
Agilum Healthcare
(Franklin, 2005)
Sentry Data
Systems
Undisclosed
22 Healthcare Analytics Report, July 2016
Total
Funding
Clinical and Financial business intelligence
Technology driven Fraud, Waste and Abuse solutions for
Healthcare Payers
Stockwell Capital, Peloton Equity, BC Partners, WCAS
Clinical task management app using advanced analytics
Undisclosed
Clinical insights platform for healthcare providers
Matrix partners, Cardinal Partners, New Leaf Venture Partners,
Partners Healthcare innovation
$16.7M
Risk adjustment analytics and quality measure reporting
SaaS based business intelligence suite solution
Trinity Capital Investment, Relevance Capital
$7.65M
3
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
23 Healthcare Analytics Report, July 2016
July 2016
Tracxn BlueBox : Healthcare Analytics
690+ companies in the sector, 350+ funded in last 5 years, $2.05B invested in 2015 / 2016
Most Active Investors: Rock Health, Bain Capital Ventures, Blue Cross Blue Shield Venture Partners
Suite Solutions
$1.4B
CLINICAL
$3.1B
Care Quality
Flatiron Health (2012, $314M)
MD Insider (2012, $24.3M)
OPERATIONS
$464M
Marketing
eVariant (2008, $68.5M)
Health Catalyst (2008, $237M)
Population Health Analytics
Welltok (2009, $151.5M)
FINANCIAL
$286M
Strategic
Binary Fountain (2003, $22M)
Clinical Decision Support
Imaging Advantage (2007, $295M)
Revenue Cycle Management
MediGain (2002, $40M)
Materials Management
Health Engagement
Cohealo (2012, $11M)
Proteus Digital Health (2001, $404M)
Fraud, Waste and Abuse
Apixio (2009, $42M)
Precision Health
Assurex Health (2006, $92.5M)
Practice Area: Health - Enterprise | Analyst: Arun Palaniappan| Twitter: @TracxnHealth
24 Healthcare Analytics Report, July 2016
Workflow
OnShift (2008, $30M)
Cumulative funding in the sector
Top Business Models by Funding
Total Funding Amount (in Millions)
3500
Proteus Digital Health
Flatiron Health
Evariant
Apixio
Imaging Advantage
Health Catalyst
Kyruus
MediGain
$3.1B
2800
2100
$1.4B
1400
700
$450M
$280M
0
Avg. Age
# Cos.
Clinical
Suite Solutions
Operational
Financial
2010.5
2006.8
2009.7
2004.5
423
68
93
48
25 Healthcare Analytics Report, July 2016
Clinical – Business Model Description
Includes companies which offer solutions that help gain insight into clinical operations, aid decision making and improve the quality of patient
care. These solutions are primarily used by hospitals. However, Payers and employers also use clinical data to understand and monitor member
health. Data Sources: Electronic Health Records (EHRs), Medical Claims, Audit records, Pharmacy Claims, Laboratory records, Radiology records,
Wearables data, Sensors data, Genomic and Molecular data, Lifestyle and Environment data.
Decision Support
Point of care decision
support tools used by
clinicians, radiologists and
doctors.
Includes
intelligent alerts, medical
imaging diagnosis
Population Health
Analytics
Solutions that help in risk
stratification, care gap
identification
and
predicting
illnesses.
Caters to Providers,
Payers and Employers
26 Healthcare Analytics Report, July 2016
Health Engagement
Precision Health
Care Quality
Analytical tools that
support
remote
monitoring, medication
adherence
and
personalized
care
management.
Precision
medicine
tools
used
by
clinicians to provide
the right treatment,
the right medication,
at the right dosage to
the right patient.
Solutions that help in
physician assessment,
clinical benchmarking,
quality improvement
and
help
improve
patient safety
Clinical – Entrepreneur Activity and Investment
Trend
Distribution of Companies across Countries
90
350
77
67
72
Number of Companies
Number of Companies Founded
YoY – No. of Companies Founded
50
54
40
37
31
36
20
18
18
318
280
210
140
70
24
17
11
8
6
5
5
Canada
India
UK
Israel
China
France
Singapore
0
0
2008
2009
2010
2011
2012
2013
2014
US
2015
$926M
133
800
94
140
122
$751M
600
112
84
59
400
200
21
10
$52M
$81M
2008
2009
34
37
$160M
$139M
2010
2011
56
$338M
$247M
28
0
0
2012
2013
27 Healthcare Analytics Report, July 2016
2014
2015
Funding Amount (in Millions)
1000
BM wise Investment
No. of Rounds
Funding Amount (in Millions)
YoY – Total Funding and No of Rounds
1200
$983M
$885M
960
$861M
720
480
$217M
240
$86M
0
Decision Support
Health
Engagement
Population
Precision Health
Health Analytics
Care Quality
Clinical – Most Funded Companies
Company
Overview
Business Model
Funding
Amount
proteus.com
Proteus Digital Health
(2001, Redwood City)
Medical adherence monitoring system
Oracle, SVB Financial Group, Adams Street Partners, Kaiser Permanente Ventures, Asset
Clinical > Health Engagement
Management Ventures, Essex Woodlands, The Carlyle Group, Medtronic, Novartis, Oxford
> Patient Engagement >
Finance, Fletcher Spaght, Helix Ventures, Itochu, St. Jude Medical, ON Semiconductor, Otsuka Medication Adherence
America Pharmaceutical, Spring Ridge Ventures, Sailing Capital
imagingadvantage.com
Imaging Advantage
(2007, Santa Monica)
Evidence based CDS tools for radiology
Goldman Sachs, CRG, Bregal Sagemount, innovation.cms.gov
Clinical > Decision Support >
Radiology and Imaging
$295M
heartflow.com
HeartFlow
(2007, Redwood City)
Provides cardiovascular diagnostic support using analytics.
U.S.Venture Partners, Emergent Medical Partners, Capricorn Investment Group, Sandbox
Industries and HealthCor Partners Management and Johnson & Johnson.
Clinical > Decision Support >
Radiology and Imaging
$226.84M
Platform which provides personalized incentive based Patient engagement services for
Population health managers
Qualcomm, IBM, Bessemer Venture Partners, New Enterprise Associates, Qualcomm
Clinical > Population Health
Ventures, Emergence Capital Partners, InterWest Partners, Flybridge Capital Partners, EDBI,
Analytics
Miramar Venture Partners, Georgian Partners, HLM Venture Partners, Okapi Venture Capital,
Hearst Communications, The Entrepreneurs' Fund, Catholic Health Initiatives, Miramar
Ventures, Flare Capital Partners
$151.5M
welltok.com
Welltok
(2009, Denver)
butterflynetinc.com
Butterfly Network
(2011, Guilford)
assurexhealth.com
Assurex Health
(2006, Mason)
Ultrasound based low cost, portable imaging devices that use machine learning technology
Stanford University, Aeris Capital
Clinical > Decision Support >
Radiology and Imaging
Personalized neuropsychiatric medicine.
Sequoia Capital, Mayo Clinic, SVB Financial Group, Four Rivers Group, CincyTech, North Coast
Angel Fund, Claremont Creek Ventures, Allos Ventures, Alafi Capital, Cincinnati Children’s Clinical > Precision Health
Hospital Medical Center, Cross Creek Advisors, GE Capital, jVen Capital, QCA First Fund,
Claremont Creek Ventures
28 Healthcare Analytics Report, July 2016
$404M
$100M
$92.47M
Suite Solutions – Business Model Description
Includes companies whose product offerings impact more than one core application area. That is solutions with clinical, financial
and operational impact.
Volume to Value Transition
Solutions that help healthcare organizations to shift from a fee for service model to a value based payment programs. Analytics and decision
support tools that support bundled payments, risk adjustments, patient risk stratification and care management
Performance Improvement
Analytics and business intelligence tools that help bring an overall improvement in workflow management, operational decision making and
revenue cycle management
29 Healthcare Analytics Report, July 2016
Suite Solutions – Entrepreneur Activity and
Investment Trend
Distribution of Companies across Countries
10
9
70
9
8
6
5
Number of Companies
Number of Companies Founded
YoY – No. of Companies Founded
5
4
4
4
3
2
2
61
56
42
28
14
2008
2009
2010
2011
2012
2013
2014
United States
2015
YoY – Total Funding and No of Rounds
1
Canada
India
United Kingdom
17
560
20
18
$576M
16
420
16
12
8
280
3
$54M
0
2008
5
9
$262M
6
$23M
$6M
2009
2010
$53M
$47M
2011
2012
8
4
$80M
0
2013
30 Healthcare Analytics Report, July 2016
2014
2015
Funding Amount (in Millions)
700
BM wise Investment
No. of Rounds
Funding Amount (in Millions)
3
0
0
140
3
1000
$865M
800
$543M
600
400
200
0
Performance Improvement
Volume-to-Value
Suite Solutions – Most Funded Companies
Company
flatiron.com
healthcatalyst.com
alignmenthealthcare.com
Overview
Cloud-based oncology platform offering analytics, billing and EHR
Flatiron Health
First Round Capital, IA Venttures, SV Angel, Google Ventures, Allen and Company, Stripes
(2012, New York City) Group, Great Oaks Venture Capital, Casdin Capital, Roche, Baillie Gifford, Laboratory
Corporation of America Holdings, BoxGroup
Health Catalyst
(2008, Salt Lake City)
Business Model
Funding
Amount
Suite Solutions >
Performance Improvement >
Practice Management
$314.4M
Provides analytics platform to improve quality and reduce costs of healthcare organizatons
Sequoia Capital, Norwest Venture Partners, Tenaya Capital, EPIC Ventures, Sorenson Capital, Suite Solutions >
Kaiser Permanente Ventures, CHV Capital, Partners HealthCare, Next Wave Health, Leavitt
Performance Improvement
Partners, UPMC, Sands Capital Ventures
Alignment Healthcare Providing population health management to health systems and provider groups.
(2013, Orange)
General Atlantic
$237M
Suite Solutions > Volume-toValue
$125M
evolenthealth.com
Evolent Health
(2011, Arlington)
Provides clinical and operational technology solutions to healthcare organizations
Advisory, TPG Growth, TPG Global, UPMC Health Plan
Suite Solutions > Volume-toValue
$121.28M
citiustech.com
CitiusTech
(2005, Princeton)
Offers a range of analytical solutions and technology services for Healthcare providers
General Atlantic
Suite Solutions > Volume-toValue
$112M
Suite Solutions >
Performance Improvement >
Practice Management
$97.74M
modmed.com
Modernizing Medicine Provides specialty-specific EMR with machine learning technology
(2010, Boca Raton) IBM, Summit Partners, SVB Financial Group, Pentland, Sands Capital Ventures
31 Healthcare Analytics Report, July 2016
Operational – Business Model Description
Includes solutions that support administrative and operational decision making. Applications include Marketing, Workflow Management,
Materials Management and Strategy. The solutions offered are used by hospital administrators and physician offices. Data Sources: Hospital
Information Management Systems (HIMS), Appointment management systems, Supply Chain Management Database, Staff and patient hospital
records, Consumer demographics data and Patient feedback
Strategic
Workflow
Marketing
Materials Management
Business Intelligence and
analytical tools that help
hospital administrators in
understanding
market
intelligence
and
patient
feedback
Solutions that offer patient
flow
automation
and
optimization, staff scheduling
and resource utilizations
Analytics used for lead
generation,
customer
segmentation,
referral
management and patient
acquisition
Tools that support hospital
supply
chain
logistics,
demand prediction and
procurement analysis
32 Healthcare Analytics Report, July 2016
Operational – Entrepreneur Activity and
Investment Trend
Distribution of Companies across Countries
16
90
14
12
13
12
Number of Companies
Number of Companies Founded
YoY – No. of Companies Founded
10
10
8
7
7
6
3
3
79
72
54
36
18
3
2
2
2
1
1
1
India
Brazil
Canada
Israel
Australia
Belgium
Iceland
0
0
2008
2009
2010
2011
2012
2013
2014
United
States
2015
22
$154M
22
144
108
11
$75M
36
$19M
10
7
5
$26M
20
15
13
9
72
25
$37M
$30M
2012
2013
$20M
5
0
0
2008
2009
2010
2011
33 Healthcare Analytics Report, July 2016
2014
2015
Funding Amount (in Millions)
180
BM wise Investment
No. of Rounds
Funding Amount (in Millions)
YoY – Total Funding and No of Rounds
250
$210M
200
150
100
$75M
$60M
$38M
50
0
Marketing
Workflow
Strategic
Materials
Management
Operational – Most Funded Companies
Company
Overview
Business Model
Funding
Amount
Evariant
(2008, Farmington)
Provides platform for digital marketing solutions
Lightspeed Venture Partners, Salesforce, Goldman Sachs, Health Enterprise Partners,
McKesson, Enterprise Partners Venture Capital, Dignity Health
Operational > Marketing >
Consumer Engagement
$68.5M
kyruus.com
Kyruus
(2010, Boston)
Referral management solutions for healthcare organizations
Highland Capital Partners, Gerson Lehrman Group, Venrock, Lux Capital, New Leaf
Ventures, Leerink Partners, Fidelity Biosciences, GLG, McKesson Ventures, Mckesson
ventures, Providence Health & Services, F-Prime Capital Partners
Operational > Marketing >
Referral Management
$55.8M
healthmarketscience.com
Health Market Science
(1999, King Of Prussia)
Enables healthcare organizations to improve operational efficency
BFTP, Mediphase Venture Partners, Cross Atlantic Capital Partners, Edison Partners
Operational
$51.93M
onshift.com
OnShift
(2008, Cleveland)
Staff scheduling software for healthcare
W Capital Partners, North Coast Angel Fund, Draper Triangle, Early Stage Partners,
Jumpstart, HLM Venture Partners, Glengary, VelocityHealth, West Capital, DTVC
Operational > Workflow
$30.3M
patientpop.com
PatientPop
(2014, Santa Monica)
Marketing platform for healthcare providers
SVB Financial Group, Toba Capital, athenahealth
Operational > Marketing >
Consumer Engagement
$23.8M
binaryfountain.com
Binary Fountain
(2003, McLean)
Extracts insights from customer feedback using a cloud based platform
HLM Venture Partners, Providence, Pioneer Venture Partners, Pioneer Ventures
Associate
Operational > Strategic >
Patient Feedback
$21.7M
evidation.com
Evidation
(2014, Menlo Park)
Uses data analytics to evaluate digital health technologies
Rock Health, Asset Management Ventures, GE Ventures, Fresco Capital, B Capital Group
Operational > Strategic
$17.66M
evariant.com
34 Healthcare Analytics Report, July 2016
Financial – Business Model Description
Includes companies which offer solutions aimed at streamlining and improving the revenue cycle process. These solutions cater
either to hospitals or payers. Data Sources: Medical claims, Pharmacy claims, Billing and Payment data, Coding data, Denial
information.
Revenue Cycle Management
Analytics used for revenue integrity, financial reporting and benchmarking, care pricing analytics, adjudication outcomes comparison and analysis
of provider utilization patterns
Fraud, Waste and Abuse
Solutions that help in identifying revenue leakages and provide insights into cost containment opportunities. Includes solutions that offer risk
adjustment, coding error identification and claims validation.
35 Healthcare Analytics Report, July 2016
Financial – Entrepreneur Activity and Investment
Trend
Distribution of Companies across Countries
7
6
50
6
6
Number of Companies
Number of Companies Founded
YoY – No. of Companies Founded
4
3
3
3
2
3
2
1
1
44
40
30
20
10
2008
2009
2010
2011
2012
2013
2014
United States
2015
1
1
1
Australia
India
United Kingdom
Venezuela
9
$69M
64
10
9
8
8
$52M
48
6
32
4
3
$7M
2008
2009
0
4
$27M
$19M
2
1
$5M
4
2
$10M
$0.2M
2010
0
2011
2012
2013
36 Healthcare Analytics Report, July 2016
2014
2015
Funding Amount (in Millions)
80
BM wise Investment
No. of Rounds
Funding Amount (in Millions)
YoY – Total Funding and No of Rounds
16
1
0
0
180
$171M
144
108
$83M
72
36
0
Fraud, Waste and Abuse
Revenue Cycle Management
Budgeting
Financial – Most Funded Companies
Business Model
Funding
Amount
Providing solutions for healthcare organization by optimizing costs and
outcomes.
SSM Partners, Bain Capital, First Analysis
Financial > Fraud, Waste
and Abuse
$41.88M
Provides revenue management solutions to healthcare providers
investor.prudentialcapitalgroup.com
Financial > Revenue Cycle
Management
$40.26M
HealthTech Analytics and Validation platform
First Round Capital, Canaan Partners, Tribeca Venture Partners, New Leaf
Ventures, NAV
Financial > Fraud, Waste
and Abuse
$27M
Company
Overview
apixio.com
Apixio
(2009, San Mateo)
medigain.com
MediGain
(2004, Plano)
truveris.com
Truveris
(2009, New York City)
launchpointcorporation.com
LaunchPoint
(2008, Rolling Meadows)
Provides cloud-based Business Intelligence solutions and services
Carrick Capital Partners
Financial
$26M
digitalharbor.com
Digital Harbor
(1997, Vienna)
Provides Compliance and Intelligent Risk Management Solutions
Insight Venture Partners, FTVentures
Financial > Fraud, Waste
and Abuse
$21M
recondotech.com
Recondo Tech
(2006, Greenwood Village)
Revenue Cycle Management for Healthcare Providers
Lemhi Ventures, Bregal Sagemount, Bregal Sagemount
Financial > Revenue Cycle
Management
$20M
healthfidelity.com
Health Fidelity
(2011, San Mateo)
NLP and analytics based risk adjustment solutions for providers and payers
The National Science Foundation, Charter Life Sciences, UPMC
Financial > Fraud, Waste
and Abuse
$19.26M
remitdata.com
RemitDATA
(2000, Memphis)
Providing reimbursement, utilization, and productivity solutions to healthcare
providers.
Noro Moseley Partners, SSM Partners
Financial > Revenue Cycle
Management
$16.45M
37 Healthcare Analytics Report, July 2016
8
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
38 Healthcare Analytics Report, July 2016
Interesting Unfunded Companies
Company
1datapoint.com
1Datapoint
(2012, Toronto)
wandahealth.com
Wanda Health
(2011, San Francisco)
clemetric.com
CleMetric
(2013, Madison)
deepdiagnostics.com
Deep Diagnostics
(2014, Toronto)
curatehealth.me
Curate.Health
(2012, Nashville)
gotafi.com
TAFi
(2015, Chicago)
salusity.com
Salusity
(2015, Boston)
veedata.io
Veedata
(2015, Toronto)
Overview
Diagnostic tools for mental health
Machine learning based remote patient management
solutions
Suite of analytics software for improving hospital
care quality
AI for clinical decision support.
Patient engagement platform offering patient
satisfaction
Real time decision support platrom
Chronic disease management using remote
monitoring and biometric data
Software for Health and Life insurance to track their
members.
Business Model
Clinical > Precision Health
Clinical > Health Engagement > Patient Engagement > Devices >
Wearables
Clinical > Care Quality
Clinical > Decision Support > Radiology and Imaging
Operational > Strategic > Patient Feedback
Clinical > Decision Support
Clinical > Health Engagement > Patient Engagement > Devices >
Wearables
Clinical > Health Engagement > Member Engagement
Curated list of companies by the sector analyst are defined as Interesting
39 Healthcare Analytics Report, July 2016
Interesting Unfunded Companies
Company
scribe.ai
Scribe.AI
(2016, Seattle)
prescient-healthcare.com
Prescient Healthcare
(2015, Charlottesville)
kinolaihealth.com
Overview
Business Model
Amazon Echo for healthcare
Clinical > Decision Support
Uses predictive models and analytics to provide
clinical decision support
Clinical > Decision Support
Kinolai Health
(2015, Wyncote)
Helps clinicians to utilize their patients’ genetic
information to produce custom-tailored care plans
Clinical > Precision Health
triventishealth.com
Triventis
(2015, Neptune City)
Population health management solution provider
Clinical > Health Engagement > Patient Engagement > Devices >
Wearables
magentiq.com
Magentiq Eye
(2015, Haifa)
Computer vision technology in endoscopic
procedures
Clinical > Decision Support > Radiology and Imaging
avatardss.com
Avatar DSS
(2015, Tampa)
Precision treatment support for cancer patients
Clinical > Precision Health
tempus.com
Tempus
(2015, Chicago)
Oncology platform for sequencing, analytics and
informatics
Clinical > Precision Health
vitacloud.io
VitaCloud
(2016, Bangalore)
Electronic health record and analytics platform
Clinical > Health Engagement > Patient Engagement > Devices >
Wearables
40 Healthcare Analytics Report, July 2016
Interesting Unfunded Companies
Company
algosurg.com
rayhealthcare.org
carecds.com
Algosurg
(2016, Mumbai)
Ray Technologies
(2016, Bangalore)
CareCDS
(2016, Detroit)
Overview
Technology solution for surgeries.
Business Model
Clinical > Decision Support > Radiology and Imaging
IoT startup focused on delivering healthcare
solutions
Clinical > Health Engagement > Patient Engagement > Devices >
Contactless
Cloud-based pain management CDS system for
healthcare providers
Clinical > Decision Support
41 Healthcare Analytics Report, July 2016
Interesting Seed Companies
Company
Overview
Business Model
Total
Funding
ensodata.io
EnsoData
(2015, Madison)
Automated sleep data analysis using machine learning
Y Combinator, HealthX Ventures
Clinical > Decision Support
$562k
getfitsense.com
FitSense
(2015, Singapore)
Developer of fitness apps for healthcare and Insurance Industry
Startupbootcamp
Clinical > Health Engagement >
Member Engagement
$17k
sensentia.com
Sensentia
(2011, San Francisco)
Automatic inquiry system using natural language
Rock Health
Operational > Workflow
insight-rx.com
InsightRx
(2015, San Francisco)
Analytics platform for precision dosing
Plug and Play Ventures, Launchpad Digital Health
Clinical > Precision Health
densitas.ca
Densitas
(2011, Halifax)
Breast density assessment software using imaging analytics
Innovacorp
Clinical > Decision Support >
Radiology and Imaging
hindsait.com
Hindsait
(2013, Englewood)
A big data platform employing AI & predictive analytics for population health
management
Healthbox, GuideWell
Clinical > Decision Support
somatixinc.com
Somatix
(2015, Herzliya)
Analytics software for scanning smoking pattern
Dreamit Ventures
Clinical > Health Engagement >
Member Engagement
curemetrix.com
CureMetrix
(2014, Rancho Santa Fe)
Detection of breast cancer in mammograms using medical image analytics
Analytics Ventures
Clinical > Decision Support >
Radiology and Imaging
42 Healthcare Analytics Report, July 2016
$160.75K
$250k
$750K
Interesting Seed Companies
Company
sigtuple.com
SigTuple
(2015, Bangalore)
wellright.com
WellRight
(2013, Chicago)
Overview
Business Model
Data driven intelligence for health care diagnostics
Accel Partners
Clinical > Decision Support >
Radiology and Imaging
Population health management solutions for employers
Clinical > Population Health
Analytics > Employee Health
43 Healthcare Analytics Report, July 2016
Total
Funding
$4.62M
Interesting Series A Companies
Company
Overview
Business Model
Total
Funding
$40M
xghealth.com
XG Health Solutions
(2013, Columbia)
Population health management solutions for healthcare organizations
Oak Investment Partners, Geisinger, Oak Investment Partners
Clinical > Population Health
Analytics > Member & Patient
lyrahealth.com
Lyra Health
(2015, Burlingame)
Behavioral health management solution for healthcare organizations
Greylock Partners, Venrock, Castlight Health, Breyer Capital, Origin Capital
Partners
Clinical > Population Health
Analytics > Employee Health
$38.1M
Clinical > Population Health
Analytics > Community Health
$33.4M
$23.8M
metabiota.com
Metabiota
(2008, San Francisco)
Risk analytics to predict and control epidemic outbreaks
Google Ventures, Data Collective, Undercurrent, Capricorn, Industry Ventures,
Obvious Ventures, SharesPost, HVF Labs, Rosemont Seneca Partners, Tao Capital
Partners, Global Asset Limited, WP Global Partners
patientpop.com
PatientPop
(2014, Santa Monica)
Marketing platform for healthcare providers
SVB Financial Group, Toba Capital, athenahealth
Operational > Marketing >
Consumer Engagement
zebra-med.com
Zebra
(2014, Ramat HaSharon)
Medical image based decision support tools
Khosla Ventures, OurCrowd, Deep Fork Capital, Intermountain Healthcare, Dolby
Family Ventures
Clinical > Decision Support >
Radiology and Imaging
sentrian.com
Sentrian
(2012, Aliso Viejo)
Remote patient intelligence company
TELUS, Reed Elsevier Ventures, Tech Coast Angels, Frost Data Capital
Clinical > Health Engagement >
Patient Engagement > Devices
> Wearables
arterys.com
Arterys
(2012, San Francisco)
SaaS analytics platform for Medical Image Analysis
AME Cloud Ventures, Morado Ventures, Asset Management Ventures, Emergent
Medical Partners, Norwich Ventures, GE Ventures, Startx
Clinical > Decision Support >
Radiology and Imaging
44 Healthcare Analytics Report, July 2016
$20M
$19.72M
$12M
Interesting Series A Companies
Company
Overview
Cohealo
(2012, Boca Raton)
Platform for renting out medical equipment
Romulus Capital, Krillion Ventures
Analytics4Life
(2011, Toronto)
Non-invasive cardiac monitoring technology
analytics4life.com
jvion.com
Jvion
(2011, Suwanee)
mediquire.com
Mediquire
(2013, New York City)
lunit.io
Business Model
Total
Funding
Operational > Materials
Management
$11.35M
Clinical > Decision Support
$9.02M
Deep Learning for Predicting illness
Eastside Partners, Martin Ventures
Clinical > Population Health
Analytics > Patient Health
$8.9M
Transforming hospital data into clinician quality improvement
Clayton Associates, Blueprint Health, Volcano Capital
Suite Solutions > Volume-toValue
$4.88M
Lunit
(2013, Seoul)
Provides medical diagnosis support using machine learning and algorithms
Formation 8, SoftBank Ventures Korea, K Cube Ventures
Clinical > Decision Support >
Radiology and Imaging
$2M
narrativedx.com
NarrativeDx
(2014, Austin)
Provides actionable insights from patient narratives
Floodgate, Silverton Partners, LiveOak Venture Partners, Capital Factory, Dreamit
Ventures, Dreamit Ventures
Operational > Strategic >
Patient Feedback
$1.8M
pulse8.com
Pulse 8
(2012, Annapolis)
Provides risk adjustment and quality analytics for healthcare providers
Maryland Department of Business & Economic Development, Maryland
Department of Business and Economic Development
Financial > Fraud, Waste and
Abuse
$1.14M
45 Healthcare Analytics Report, July 2016
Interesting Series B Companies
Company
Overview
Business Model
Total
Funding
Remedy Partners
(2011, Darien)
Tech-enabled care coordination platform
Bain Capital Ventures, TomorrowVentures, Bain Capital, Spring Lake Equity
Partners
Suite Solutions > Volume-toValue > Bundled Payments
$96.15M
welldoc.com
WellDoc
(2005, Baltimore)
Mobile health products for chronic disease management
Windham Venture Partners, Merck, Excel Venture Management, Adage Capital
Management, Samsung Ventures, JNJ Innovation, TCP Venture Capital,
hudrivcap.com
Clinical > Health Engagement >
Patient Engagement > Self-care
$64.78M
valencehealth.com
Valence Health
(1996, Chicago)
Clinical integration and health plan services.
North Bridge, Heritage Group, GE Ventures, Flare Capital Partners
Clinical > Population Health
Analytics > Patient Health
A behavior analytics company aiding people to cope depression
Khosla Ventures, True Ventures, Kapor Capital, Eniac Ventures, Romulus Capital,
LaunchCapital, Techstars, Rock Health, Kaiser Permanente Ventures, Eniac
Ventures
Clinical > Health Engagement >
Patient Engagement > Self-care
$28.2M
Physician performance scores
Lucas Venture Group, Maiden Lane, Summation Health Ventures
Clinical > Care Quality
$24.3M
Helping providers deliver optimized care using medical science-based graph
analytics
Khosla Ventures, Intel Capital, Sandbox Industries, BlueCross BlueShield Venture
Partners, AmeriHealth Caritas District of Columbia
Clinical > Population Health
Analytics > Patient Health
remedypartners.com
ginger.io
Ginger.io
(2011, Cambridge)
mdinsider.com
MD Insider
(2012, Santa Monica)
lumiata.com
Lumiata
(2013, San Mateo)
46 Healthcare Analytics Report, July 2016
$45M
$20M
Interesting Series B Companies
Company
Evidation
(2014, Menlo Park)
Overview
Business Model
Uses data analytics to evaluate digital health technologies
Rock Health, Asset Management Ventures, GE Ventures, Fresco Capital, B Capital
Group
Operational > Strategic
Total
Funding
$17.66M
enlitic.com
Enlitic
(2014, San Francisco)
Machine learning for diagnostic healthcare
Amplify Partners, Data Collective, Seven Peaks Ventures, Capitol Health
Clinical > Decision Support >
Radiology and Imaging
basehealth.com
BaseHealth
(2011, Redwood City)
Personalized health management platform driven by genomics
Thinkplus
Clinical > Precision Health
$9.01M
wildflowerhealth.com
Wildflower Health
(2012, San Francisco)
App to identify high risk pregnancies & assistance
Rock Health, Cambia Health Solutions, HealthTech Capital, Easton Capital, Hatteras
Venture Partners, KMG Capital Partners
Clinical > Health Engagement >
Member Engagement
$6.8M
47 Healthcare Analytics Report, July 2016
$15M
Interesting Late Stage Companies
Company
Overview
Business Model
Total
Funding
Proteus Digital Health
(2001, Redwood City)
Medical adherence monitoring system
Oracle, SVB Financial Group, Adams Street Partners, Kaiser Permanente Ventures, Asset
Management Ventures, Essex Woodlands, The Carlyle Group, Medtronic, Novartis,
Oxford Finance, Fletcher Spaght, Helix Ventures, Itochu, St. Jude Medical, ON
Semiconductor, Otsuka America Pharmaceutical, Spring Ridge Ventures, Sailing Capital
Clinical > Health
Engagement > Patient
Engagement >
Medication Adherence
$404M
flatiron.com
Flatiron Health
(2012, New York City)
Cloud-based oncology platform offering analytics, billing and EHR
First Round Capital, IA Venttures, SV Angel, Google Ventures, Allen and Company,
Stripes Group, Great Oaks Venture Capital, Casdin Capital, Roche, Baillie Gifford,
Laboratory Corporation of America Holdings, BoxGroup
Suite Solutions >
Performance
Improvement > Practice
Management
$314.4M
imagingadvantage.com
Imaging Advantage
(2007, Santa Monica)
Evidence based CDS tools for radiology
Goldman Sachs, CRG, Bregal Sagemount, innovation.cms.gov
Clinical > Decision
Support > Radiology and
Imaging
$295M
Health Catalyst
(2008, Salt Lake City)
Provides analytics platform to improve quality and reduce costs of healthcare
organizatons
Sequoia Capital, Norwest Venture Partners, Tenaya Capital, EPIC Ventures, Sorenson
Capital, Kaiser Permanente Ventures, CHV Capital, Partners HealthCare, Next Wave
Health, Leavitt Partners, UPMC, Sands Capital Ventures
Suite Solutions >
Performance
Improvement
$237M
HeartFlow
(2007, Redwood City)
Analytics based cardiovascular diagnostic support
U.S.Venture Partners, Emergent Medical Partners, , Capricorn Investment Group,
Sandbox Industries and HealthCor Partners Management and Johnson & Johnson
Clinical > Decision
Support > Radiology and
Imaging
proteus.com
healthcatalyst.com
48 Healthcare Analytics Report, July 2016
$226.84M
Interesting Late Stage Companies
Business Model
Total
Funding
Personalized incentive based Patient engagement services for Population health
managers
Qualcomm, IBM, Bessemer Venture Partners, New Enterprise Associates, Qualcomm
Ventures, Emergence Capital Partners, InterWest Partners, Flybridge Capital Partners,
EDBI, Miramar Venture Partners, Georgian Partners, HLM Venture Partners, Okapi
Venture Capital, Hearst Communications, The Entrepreneurs' Fund, Catholic Health
Initiatives, Miramar Ventures, Flare Capital Partners
Clinical > Population Health
Analytics
$151.5M
Company
Overview
welltok.com
Welltok
(2009, Denver)
butterflynetinc.com
Butterfly Network
(2011, Guilford)
Ultrasound based low cost, portable imaging devices that use machine learning
technology
Stanford University, Aeris Capital
Clinical > Decision Support >
Radiology and Imaging
$100M
modmed.com
Modernizing
Medicine
(2010, Boca Raton)
Provides specialty-specific EMR with machine learning technology
IBM, Summit Partners, SVB Financial Group, Pentland, Sands Capital Ventures
Suite Solutions >
Performance Improvement
> Practice Management
$97.74M
Personalized neuropsychiatric medicine.
Sequoia Capital, Mayo Clinic, SVB Financial Group, Four Rivers Group, CincyTech, North
Coast Angel Fund, Claremont Creek Ventures, Allos Ventures, Alafi Capital, Cincinnati
Children’s Hospital Medical Center, Cross Creek Advisors, GE Capital, jVen Capital,
QCA First Fund, Claremont Creek Ventures
Clinical > Precision Health
$92.47M
Assurex Health
(2006, Mason)
49 Healthcare Analytics Report, July 2016
Interesting Late Stage Companies
Business Model
Total
Funding
Contact free patient monitoring solution
Pitango Venture Capital, The Challenge Fund-Etgar, JK and B Capital, ProSeed
Venture Capital Fund, Docor International, Bank Hapoalim, Bridge Investment
Fund, Noaber Services, Mitsui, Welch Allyn, Samsung Ventures
Clinical > Health Engagement >
Patient Engagement > Devices
> Contactless
$85M
SaaS platform for payers to identify member disease risk and improve quality and
compliance
Bain Capital Ventures, Spectrum Equity, Bain Capital, Growth Capital Fund
Clinical > Population Health
Analytics > Member Health
$77.5M
Provides platform for digital marketing solutions
Lightspeed Venture Partners, Salesforce, Goldman Sachs, Health Enterprise
Partners, McKesson, Enterprise Partners Venture Capital, Dignity Health
Operational > Marketing >
Consumer Engagement
$68.5M
Referral management solutions for HCOs
Highland Capital Partners, Gerson Lehrman Group, Venrock, Lux Capital, New Leaf
Ventures, Leerink Partners, Fidelity Biosciences, GLG, McKesson Ventures,
Mckesson ventures, Providence Health & Services, F-Prime Capital Partners
Operational > Marketing >
Referral Management
$55.8M
MedCPU provides clinical decision and advisory support platform.
SVB Financial Group, Merck, Easton Capital, UPMC, New Richmond Ventures
Clinical > Decision Support
$50.9M
Population health analytics.
Cambia Health Solutions, Celgene, Alexandria Real Estate Equities, Mitsui, Horizon
Healthcare Services, Heritage Provider Network
Clinical > Population Health
Analytics > Member & Patient
$43.06M
Company
earlysense.com
EarlySense
(2004, Ramat Gan)
medhok.com
MedHOK
(2009, Tampa)
evariant.com
Evariant
(2008, Farmington)
kyruus.com
Kyruus
(2010, Boston)
medcpu.com
medCPU
(2008, New York City)
gnshealthcare.com
GNS Healthcare
(2000, Cambridge)
Overview
50 Healthcare Analytics Report, July 2016
Interesting Late Stage Companies
Company
Apixio
(2009, San Mateo)
Overview
Business Model
Total
Funding
Providing solutions for healthcare organization by optimizing costs and outcomes.
SSM Partners, Bain Capital, First Analysis
Financial > Fraud, Waste and
Abuse
$41.88M
Provides revenue management solutions
investor.prudentialcapitalgroup.com
Financial > Revenue Cycle
Management
$40.26M
medigain.com
MediGain
(2004, Plano)
syapse.com
Syapse
(2008, Palo Alto)
Molecular profiling platform for diagnosing and treating patients
S23P, Safeguard Scientifics, Ascension Ventures, Social Capital
Clinical > Precision Health
$39.5M
mdrevolution.com
MD Revolution
(2011, San Diego)
SaaS based predicitive analytics platform for patient engagement and outcomes
improvement
Bootstrap Incubation, Jump Capital, LLC, Jump Capital
Clinical > Health Engagement >
Patient Engagement >
Personalized Care
$33.6M
sophiagenetics.com
Sophia Genetics
(2011, Lausanne)
SaaS platform designed to perform routine diagnostic testing using genomic data
analytics
Swisscom, Endeavour Vision, A3 Angels, Invoke Capital
Clinical > Precision Health
$31.75M
onshift.com
OnShift
(2008, Cleveland)
Staff scheduling software for healthcare
W Capital Partners, North Coast Angel Fund, Draper Triangle, Early Stage Partners,
Jumpstart, HLM Venture Partners, Glengary, VelocityHealth, West Capital, DTVC
Operational > Workflow
$30.3M
arbormetrix.com
ArborMetrix
(2011, Ann Arbor)
Clinical analytics platform to measure and improve outcomes, quality and cost.
RPM Ventures, Arboretum Ventures, Michigan Venture Capital Association,
Renaissance Venture Capital Fund, Detroit Innovate, Wolverine Venture Fund
Clinical > Care Quality
$11.78M
51 Healthcare Analytics Report, July 2016
Top Funded Deadpooled Companies
Company
betterfit.com
BetterFit
(2011, Cambridge)
epy.io
Epy
(2013, Brooklyn)
insample.com
InSample
(2013, San Francisco)
medivantix.com
Medivantix Technologies
(2011, Miami)
Overview
Personalized drug recommendation
Highland Capital Partners, Techstars
Customized community health forecasting application
SaaS platform for healthcare performance analytics
SaaS based tools to manage post-acute care
52 Healthcare Analytics Report, July 2016
Business Model
Funding
Amount
Clinical > Precision Health
$443k
Clinical > Population Health
Analytics > Community
Health
$120k
Clinical > Care Quality
Clinical > Health
Engagement
$100k
3
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
53 Healthcare Analytics Report, July 2016
Useful Links
Slide Title
Content
Platform Link
List of All Companies in readable format
Companies
Link
Large Upcoming Sectors
Entrepreneur Activity
Link
Niche Upcoming Sectors
Entrepreneur Activity
Link
Top investments in last one year
Investment Trend
Link
Top IPOs in last three years
Exit Outlook - IPO, Acquisitions
Link
Major Acquisitions in last one year
Exit Outlook - IPO, Acquisitions
Link
Clinical – Most Funded Companies
Sub Sector Understand
Link
Suite Solutions – Most Funded companies
Sub Sector Understand
Link
Operational – Most Funded Companies
Sub Sector Understand
Link
Financial – Most Funded Companies
Sub Sector Understand
Link
Top Funded Deadpooled Companies
Companies
Link
54 Healthcare Analytics Report, July 2016
5
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
55 Healthcare Analytics Report, July 2016
Healthcare Analytics – Company List
DETAILS 630+ COMPANIES
(409 FUNDED AND 223 UNFUNDED COMPANIES)
COVERS THE FOLLOWING SECTORS
Suite Solutions
Clinical Analytics
56 Healthcare Analytics Report, July 2016
Financial Analytics
Operational Analytics
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (1/18)
Company
Performance
Improvement
Performance
Improvement
Details
Funding
Investors
Flatiron Health [New York City, 2012]: Flatiron Health offers healthcare providers and cancer centers a
common technology platform for organizing and analyzing real-world oncology data. The company's
OncologyCloud platform includes the electronic medical record for oncology, an analytics section for business &
$314.4M
clinical intelligence, patient portal, and integrated billing management which allows cancer care providers and
life sciences companies to track metrics related to cancer care, match patients to clinical trials and automate
data collection.
First Round Capital, IA Venttures, SV
Angel, Google Ventures, Allen and
Company, Stripes Group, Great Oaks
Venture Capital, Casdin Capital,
Roche, Baillie Gifford, Laboratory
Corporation of America Holdings,
BoxGroup
Health Catalyst [Salt Lake City, 2008]: Health Catalyst provides multiple analytical products, services and
applications like population health management, patient injury prevention, operational efficiency, performance
monitoring and financial management for healthcare organizations. The company also designs, develops and
delivers multiple data warehouse software and processes to help hospitals manage operational, financial,
clinical, and research data.
Sequoia Capital, Norwest Venture
Partners, Tenaya Capital, EPIC
Ventures, Sorenson Capital, Kaiser
Permanente Ventures, CHV Capital,
Partners HealthCare, Next Wave
Health, Leavitt Partners, UPMC, Sands
Capital Ventures
$237M
IBM, Summit Partners, SVB Financial
Group, Pentland, Sands Capital
Ventures
Performance
Improvement
Modernizing Medicine [Boca Raton, 2010]: Modernizing Medicine is a practice management tool development
company. The product, Electronic Medical Assistant (EMA), is a cloud-based, specialty-specific electronic
medical record (EMR) system which thinks like a physician. The EMR technology is powered by deep learning
and Machine Learning to extract information from patient data. with a library of built-in medical content, $97.74M
designed to save physicians time. It is available as an iPad application or through web. The company claims to
provide services to over 1,300 physician practices across the country. In 2013 Modernizing Medicine was listed
on Forbes’ annual ranking of America’s Most Promising Companies.
Performance
Improvement
MedeAnalytics [Emeryville, 1994]: MedeAnalytics analytics platform delivers intelligence to improve financial,
operational and clinical performance. It helps HCOs detect their greatest areas of risk and identify opportunities
to improve their financial health. Providers can segment patients by their ability to pay, determine which lines of
service are most profitable, find cash that's been mis-allocated, move bad debt to charity care, avoid lawsuits
and more.
Emergence Capital Partners, Bain
Capital Ventures, Industry Ventures,
Kennet, Bain Capital
57 Healthcare Analytics Report, July 2016
$57M
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (2/18)
Company
Details
Funding
Investors
Great Point Partners
Performance
Improvement
iVantage Health [Portland, 2011]: iVantage Health Analytics' information products integrate market
intelligence, quality and performance benchmarking with delivery platforms to help customers pinpoint key
tactical advantages. It's analytics platform connects executive dashboards, hospital-and system-level market $24.18M
analytics, GIS mapping, clinical benchmarking, physician scorecards and off-quality cost analysis to deliver new
perspectives on critical business drivers.
Pritzker Group, Baird Capital, GE
Ventures, Math Venture Partners
Performance
Improvement
Apervita [Chicago, 2011]: Apervita enables health professionals and enterprises upload health data on patients,
performance, utilization, medication, billing, and claims to their platform. Users can secure, share, publish data
in the Apervita marketplace for anyone to purchase. Institutes and Researchers can turn their paper-based
medical algorithms into computable insights on readmission, compliance and disease specific insights, then $19.4M
share or commercialize them. It also allows providers, payers & pharma players to take control of safety, quality,
and enterprise performance. Users can see all their metrics at one place, monitor public reputation, share
performance across teams, and access tools to drive improvement.
Sante Ventures, Spindletop Capital,
Square 1 Bank, Trinity Capital
Investment
Performance
Improvement
HNI Healthcare [Austin, 2009]: HNI Healthcare, formerly known as Hospitalists Now, is a technology-enabled
physician practice management company that delivers physician programs with other solutions and services
customized to client needs. The company's technology suite, VitalSigns, offers real time dashboards and
analytics that support documentation integrity, helps improve operational and financial performance, provides $16.3M
clinical communication that enhances clinical outcomes and operational results. Its recruiting program includes
sourcing, interviewing, credentialing, hiring, and onboarding of new physicians. The company also focuses on
the development of hospitalist leadership; and hospitalist infrastructure and administrative support services.
Performance
Improvement
SCIO Health Analytics [West Hartford, 2007]: SCIO's consumer analytics provide actionable insights on
consumers, helping healthcare organizations gain insight into consumer preferences and drivers affecting their
behavior to streamline their experience and improve engagement. The company also offers SCIOMine, a
$15.9M
payment integrity analytics and audit workflow and reporting software suite that enables health managers to
make informed decisions by identifying, investigating, and monitoring claims payment issues, errors,
overpayments & others.
Sequoia Capital, Saama Capital, SVB
Financial Group, Health Enterprise
Partners
58 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (3/18)
Company
Details
Funding
Investors
$15M
BDC, Yaletown, BC Discovery Fund,
CTI Life Sciences Fund
Performance
Improvement
PHEMI Health Systems [Vancouver, 2013]: Phemi Health Systems offers Phemi Agile, a big data repository for
single departmental implementations ranging from laboratory reports to patient information to gene
sequences; Phemi Clinical, a customizable care management platform that improves clinic productivity and
patient outcomes by automating ambulatory care processes; and Phemi Central, a big data warehouse that
transforms data into analytics-ready digital assets for researchers, analysts, and administrators in healthcare
and public sector organizations.
$13M
Peloton Equity, Zaffre
Performance
Improvement
Arcadia Healthcare Solutions [Burlington, 2002]: Arcadia offers an analytics platform that integrates data from
EHR platforms and uses that data to drive improvements in patient care quality, practice efficiency, and financial
performance. Arcadia supports providers with benchmark data, quality improvement solutions to reduce care
gaps. The company's analytics engine also offers patient and utilization management solutions to identify care
gaps and high risk patients respectively. The company also helps in spotting claims & EHR documentation gaps
and risk management factors to drive full value-based payments.
$12M
Noro Moseley Partners, Great Point
Partners
Performance
Improvement
Streamline Health [Atlanta, 1989]: Streamline Health (formerly known as LanVision Systems), through its
Looking Glass platform, captures, aggregates and translates structured and unstructured data to deliver insights
to its clients. The company claims its solutions help organization make smarter decisions by sifting through and
analyzing masses of data from disparate systems. It offers solutions, such as Patient Engagement, Patient Care,
Health Information Management, Coding and Clinical Documentation Improvement (CDI), and Financial
Management. The Company sells its solutions and services in North America to hospitals and health systems,
including physician practices. The company went pubic in 1996.
$8M
AME Cloud Ventures, Morado
Ventures, Canvas Ventures
Performance
Improvement
Viewics [Sunnyvale, 2009]: Viewics Health Insighter (VHI), a visualization and analytics solution provides clinical,
operational, sales, and marketing teams with interactive dashboards for making day-to-day decisions. The
company also offers Viewics Pulse, a Web-based data transparency and sharing platform that serves various
data requirements of clients and their patients, payors, and providers. Its VHI is used for operational insights,
financial management, clinical business intelligence, payor analytics, quality and compliance and performance
management analysis.
59 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (4/18)
Company
Performance
Improvement
Details
Funding
Agilum Healthcare [Franklin, 2005]: Agilum Healthcare Intelligence provides business intelligence (BI) solutions
created exclusively for small to mid-sized hospitals and health systems. Solutions include productivity
management, revenue cycle management, service line costing and profitability. Features include daily
$7.65M
integration of patient transactions, ADT, HIM, and contract modeling data, full-fledged cost allocation module,
role based dashboards, BI to support case management and utilization management, volume indicators such as
admissions and procedure counts.
Investors
Relevance Capital, Trinity Capital
Investment
Cogitativo [Berkeley, 2014]: Cogitativo uses analytical and machine learning methods to offer a Data Scienceas-a-Service platform for the healthcare industry. The company does not offer tools or dashboards to their
clients but uses a challenge based learning approach to assist clients in discovering and analyzing healthcare
system behaviors. The company caters to payers and providers.
$7M
$6.1M
Performance
Improvement
QualMetrix [Miami, 2012]: QualMetrix offers QM(x) Enterprise Analytics platform that refines, integrates, and
delivers enterprise, legacy & claims data; and QM(x) Actionable Cost Metrics tool for actionable items, reports,
and care cost discovery. It also offers QM(x) Provider Deviation Analytics that enables medical directors to deal
with deviation and patient care across providers, payers, and employers. The company also provides ICD-10
Impact Analytics that delivers a cogent risk assessment of data, showing the most impacted specialties, member
and provider groups, diseases and conditions, and overall revenue risk.
$5M
Summation Health Ventures
Performance
Improvement
Health Care Dataworks [Columbus, 2008]: Through KnowledgeEdge product suite, including its enterprise data
model & analytic dashboards, Health Care DataWorks (HCD) delivers an Enterprise Data Warehouse necessary
for hospitals and health systems to effectively and efficiently gain deeper insights into their operations. The
benefit to hospitals and health systems is that they are provided with a broad and seamless view of financial,
administrative, clinical and research data for easy analysis and timely decision making.
Medusa Medical [Halifax, 1996]: Medusa's Siren suite is a software solution that enables paramedics to capture
patient's pre-hospital data, chart patient care and share information in real-time, manage electronic Patient
Care Reporting (ePCR) workflow and analyze patient data. Siren helps healthcare organizations realize clinical
and operational benefits to improve performance and quality.
$3.5M
Innovacorp, Technology Ventures,
Canadian International Capital
Performance
Improvement
Performance
Improvement
60 Healthcare Analytics Report, July 2016
Marble Bridge Funding Group
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (5/18)
Company
Details
Funding
Investors
$3M
SCASurgery
Performance
Improvement
Arrowlytics [Charlotte, 2014]: Arrowlytics dashboard helps healthcare organizations by aggregating data from
various platforms into one system and analyzing it with a single tool. It creates Key Performance Indicators (KPI)
across an organizations data, to help them monitor the clinical, financial and operational aspects of their
business. Using the KPI’s, a company can set measurable goals and objectives to benchmark and drive
performance within the organization.
Performance
Improvement
Aridhia [Edinburgh, 2008]: Aridhia offers a data and analytics platform, AnalytiXagility, which is an on-demand
collaborative workspace for healthcare, precision medicine and biomedical research communities. The software
platform developed by Aridhia allows large amounts of health data to be analysed to help support treatment of
$1.64M
patients. The company claims that by partnering with Aridhia, healthcare providers, payers and academic
research organisations can leverage their data to improve patient care, reduce cost and target investments
based on evidence. The platform is offered as a monthly subscription.
Performance
Improvement
ABILITY Network [Seattle, 1997]: OCS HomeCare (originally a product Outcome Concept Systems) enables
home health and hospice providers with patient experience and outcomes analytics. The company claims the
software helps in reducing readmission, identifying data performance opportunities that increase revenue,
reduce costs, boost referrals and improving clinical outcomes. Features include: Clinical Management, Strategic $506.58K
Benchmarks, Executive Dashboards, Hospitalization Insights, Operational Reporting, Strategic Reporting, Risk
Management. National Research Corporation acquired OCS in 2010 and in 2015 OCS HomeCare was bought by
ABILITY Network
Performance
Improvement
Performance
Improvement
PYA Analytics [Knoxville, 2013]: PYA Analytics is a data analytics company that links Electronic Health Records
and insurance claims data to provide data analytic insights and simulation modeling. The company also offers
big data architecture and management consulting. The company aims to help healthcare providers, health plans,
and healthcare organizations understand strategies to reduce total costs and improve quality and efficiency.
$500k
Real Time Medical Systems [Coraopolis, 2011]: Real Time Medical Systems (RTMS) offers real-time, predictive
clinical and financial analytics dashboards that help skilled nursing facilities to improve outcomes, reduce
readmissions and maximize reimbursements. Products include: TranSights Clinical, a CDSS that provides care
staff with clinical alerts and intervention recommendations; and TranSights Financial, a dashboard that displays
real-time ADL scoring metrics highlighting opportunities for increased reimbursements.
$435k
61 Healthcare Analytics Report, July 2016
Scottish Equity Partners
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (6/18)
Company
Details
Grotech Ventures, Welsh, Galen
Partners
Performance
Improvement
MedAssets [Alpharetta, 1999]: MedAssets is a healthcare performance improvement company that provides
technology-enabled products and services to healthcare organizations. Offers clinical, operational and revenue
cycle analytics. Its Spend and Clinical Resource Management (SCM)segment delivers market insight,
performance improvement advisory and cost management capabilities to healthcare providers. Its Revenue
Cycle Management (RCM) segment provides revenue cycle management solutions to healthcare providers,
primarily hospitals and health systems. The company offers its technological solutions in a SaaS model.
MedAssets was acquired by Pamplona Capital Management for $2.7B in 2015.
InvestMichigan, Conrad N. Hilton
Foundation, Veritas Capital
Performance
Improvement
Truven Health [Ann Arbor, 2012]: Truven Health Analytics provides healthcare data integration and analytics
solutions and services. It offers population health and cost analysis, performance management, payment
integrity and compliance, patient care, market analysis, claims management, and research solutions. It serves
various customers, including state and federal government agencies, hospitals, health systems, employers,
health plans, and life sciences companies and consumers. The company was formerly the Healthcare Business of
Thompson Reuters (started in 1985) and was acquired in 2012 by Veritas Capital for $1.25 Billion. In February
2016, IBM announced plans to acquire Truven Health Analytics for $2.6B, to support its Watson Health unit.
Keiretsu Forum
Performance
Improvement
WhiteSpace Health [Durham, 2014]: WhiteSpace Health is a provider of data analytics and cloud-based
healthcare intelligence. The company’s main product offering is WhiteSpace Cloud, a healthcare intelligence
platform for integrating structured and unstructured data generated within a physician practice or hospital. The
features offered by the platform are: Practice Engagement—provides visibility into patient communication
modes and engagement techniques; Practice Performance—provides operations metrics in customized
dashboards; Practice Financial—provides near real-time information about cash flow and revenue cycle
management; Practice Survey—provides the option of using standard CAHPS surveys or deploying the practice’s
own customized surveys for obtaining feedback; Physician View – provides the ability to establish a unique set
of metrics specifically for clinicians to give them access to the information administrators need them to have.
The company claims its solutions help healthcare providers improve patient engagement, reduce cost, improve
productivity and also meet the reporting of core measures. Has offices in Seattle and Durham. Strategic
partnership with Medfusion.
62 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (7/18)
Company
Details
Marlin Equity
Performance
Improvement
SigmaCare [New York City, 2005]: SigmaCare partners with long-term and post-acute care (LTPAC), senior
living, home health and hospice providers to achieve success in their local markets by delivering a technology
platform featuring: electronic health record (EHR) with clinical decision support, analytics, financial and referral
source management solutions. The EHR platform provides real-time clinical and business intelligence and the
Referral Source Management solution, delivers tools and intelligence to discover hidden referral sources,
improve census and optimize reimbursement.
OMERS Private Equity
Performance
Improvement
Logibec [Montreal, 1982]: Logibec offers solutions for development, marketing, implementation and support of
clinical and administrative information systems. Offers Clinibase, which captures, analyzes, and manages patient
information; Artefact, an emergency, pharmacy, and radiology information management system; Espresso, a
solution for human resources, and financial and materials management; business intelligence solution for data
integration, transformation, and analysis across clinical and operational systems and platforms; and consulting
services to assist healthcare facilities. Also offer a suite solution named Med-GPS for Managing patient flow,
Activity based costing, major user management (identification, prioritization and tracking of cohorts),
performance analysis (reports, alerts, gap analysis, key performance indicators), Demographic and management
of public health analysis, Process mapping (workflow, analysis of delays). Claim to be one of Canada's largest
companies specialized in this sector.
Sequoia Capital, Poplar Ventures
Performance
Improvement
ZirMed [Louisville, 1999]: ZirMed provides a suite of cloud based solutions that help healthcare organizations
optimize patient outcomes and reimbursement. ZirMed uses predictive analytics technology to extract
actionable insights and improve
revenue cycles, support population health management, streamline
workflows, increase operational efficiencies. The company also provides cloud based claims management
solutions and clinical and performance management solutions The company caters to mainly provider
organizations, billing and medical services companies.
Performance
Improvement
Inovalon [Bowie, 1998]: Inovalon provides data-driven healthcare solutions to help identify gaps in care,
quality, and data accuracy at patient-specific levels. Inovalon combines cloud-based analytics and data driven
intervention platforms to gain insights that drive clinical, quality and financial performance. The company also
offers data warehousing and business intelligence solutions. Inovalon caters to health plans, ACO's, hospitals,
physicians and consumers
63 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (8/18)
Company
Performance
Improvement
Details
Temporal Health [Brooklyn, 2014]: Temporal Health offers a data aggregation and analytics platform for
deriving insights from large healthcare databases. Temporal Health also enables communication of insights
derived from the datasets to clinicians, patients and researchers.
Performance
Improvement
Healthcare Enterprise Metrics [Saint Louis, 2015]: Health Enterprise Metrics is a web based analytics provider
of enterprise systems for healthcare insurance companies. Its technology offers cost reduction and improves
communication across multiple healthcare insurance company departments to achieve strategic company goals.
The offering includes solutions for provider contracting, underwriting, post claim investigation unit and
complaince. The founder also founded one of the most notable anti-fraud systems named AppIntelligence.
Performance
Improvement
eRx Solutions [Bangalore, 2015]: eRx Solutions provides SaaS products for imprving patient-doctor
engagement. eRx Appointments allows to book an appointment online or by calling with doctors at multi doctor
clinic/hospital with email/SMS confirmation. Reminders and summaries are sent on daily basis to the doctor and
patients. eRx Prescription allows doctor to write and send error-free, accurate, and understandable
prescriptions electronically to patients, pharmacy, labs etc from anywhere. software hosted on amazon cloud
platform. Other solutions such as eRx HealthAnalytics help organizations to reduce costs, improve coordination
& outcomes, and be more patient centric.
Performance
Improvement
Healthnx [Pune, 2015]: HealthNX is an open healthcare platform which lets small and medium healthcare
enterprises setup their cloud based hospital services. Patients can store and access the medicals records on the
go, while the platform offers EMR/EHR interoperability for better workflows and data transfer. The platform will
also feature and AI and machine learning capabilities to provide actionable insights to doctors.
64 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (9/18)
Company
Details
Performance
Improvement
MDLytix [San Francisco, 2011]: MDLytix provides a cloud-based platform through which it offers health
analytics and professional services. The company claims to leverage data science, machine learning, and
predictive analytics to provide actionable insights for patients, physicians, providers, and payors. Currently,
MDLytix is focused on building data science platform for cancer and diabetes conditions. Solutions it offers
include: EMR Analytics, Practice Management, Physician Productivity, Patient Experience, Claims Analytics,
Revenue Cycle Management, Readmission Risks, and Clinical Data Analytics. Services offered include: Population
Healthcare Analytics, Health Predictive Analytics, Health Data Science and Machine Learning, Health Data
Ontology and Taxonomy, A/B and Multivariate Test Platform, Advanced Data Analytics, Performance
Management / Process Improvements, Agile analytics development & productization
Performance
Improvement
AllegianceMD [Tulsa, 1996]: AllegianceMD offers a web-based solutions that includes EMR, practice
management and medical billing software. The company claims that its solution uses Artificial Intelligence.
Features include: Electronic Medical Record, E-Prescription, Evidence-based clinical knowledge, E-Lab,
Automated Transcriptionist, Advanced Scheduling, Electronic Appointment Reminder, Patient Portal, Medical
Billing Software, Electronic Statement, Electronic Eligibility, Electronic Claims & Remittance, Claim Scrubbing,
Electronic Remittance Advice, Dashboard and HIPAA certification.
Performance
Improvement
Performance
Improvement
Cedar Gate [Greenwich, 2014]: Cedar Gate Technologies It offers value based healthcare, prescriptive
analytics, and enterprise management solutions. It provides solutions in the areas of revenue improvement,
clinical pathways, network optimization, patient populations, referrals, and others. The company serves ACOs,
IDNs, hospital and physician groups, and others.
Health Data and Management Solutions [Chicago, 1995]: Health Data and Management Solutions (HDMS)
offers web-based analytics and reporting tools for employers, health plans, providers and consultants. It offers
DART, an online data analysis and reporting tool to analyze and detect trends and opportunities. Analysis tools
include: CareShield, for analyzing Plan performance against benchmarks; Forecast, a benefit modeling module
for comparing existing plans; and Periscope for delivering timely information. Reporting tools include Arrow, a
reporting package that includes customizable standard reports and charts; Catapult, for performance reports
and Compass, a cost and utilization dashboard tool. The company is currently part of Healthagen, an Aetna
Company. Prior to acquisition by Aetna, HDMS was a subsidiary of ActiveHealth.
65 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (10/18)
Company
Details
Performance
Improvement
dashboardMD [Miami, 2006]: dashboardMD is a cloud provider of integrated clinical analytics, financial
analytics, and operational business-intelligence reporting solutions for provider organizations. The company's
plug-n-play reporting suite includes: enterprise roll-up reporting, daily interactive dashboards, scheduled
reports via email, performance scorecards, user-defined alerts, predictive analytics, and ad-hoc analysis tools.
Also offers it solution using smartphones. Claims that its turnkey-management model provides insights that
simplify revenue cycle monitoring, report distribution, and one-off analysis reporting.
Performance
Improvement
CUBIT [Nashville, ]: Cubit offers a customized Healthcare Business Intelligence and Data Analytics solution to
hospitals, practices, payers, and ACOs. Features include: Finance Analytics - Understand reimburesementsm
Identify potential documentation issues, compare payers and analyze services lines for profitability; Case
Management Analytics - Length of Stay, Case Mix Index, Readmissions, Hospital acquired conditions and
infections and ED frequent flyers.
Performance
Improvement
Vantage Point HIS [Danbury, 1989]: Vantage Point Healthcare Information Sytems (currently known as
Indegene Smartcare) offers Smart Care, a health analytics and business intelligence platform. The platform uses
predictive analytics to help healthcare organizations manage and execute pay-for-performance, finacial risk
analysis, clinical quality and risk management, contract negotiations, resource utilization, provider profiling, and
benchmarking capabilities. Its data warehouse and BI/analysis/reporting suite is delivered either as a licensed
set of modules or as a subscription based service model. The company serves health plans, providers and ACOs.
The company was acquired by Indegene Healthcare in 2015. Indegene SmartCare operates as a subsidiary of
Indegene Healthcare.
Performance
Improvement
PotentiaMetrics [Austin, 2007]: PotentiaMED is a cloud-based platform that provides a suite of analytics and
big data tools, to payers, providers and medical technology companies. The company uses comparative
effectiveness analysis and predictive analytics to provide insights. The tools are designed to bring about clinical,
business and market related outcomes to their clients. PotentiaMED is part of PotentiaMetrics.
66 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (11/18)
Company
Performance
Improvement
Details
Analytical Informatics [Baltimore, 2011]: Analytical Informatics offers a suite of web-based analytical tools
which are available as part of the AI Application Marketplace. Tools include: AI Quality, AI Productivity, AI
Report Search, AI Resource Utilization and Resident Worklist, The tools offered by Analytical Informatics are
created by universities, the company's partners and their own in-house developers.
Performance
Improvement
channel(H) [San Francisco, 2015]: Channel(H) is a personalized healthcare interface platform that helps patients
to manage their health records at one place and provides healthcare service providers with patient revenue
management solutions. It's platform's API support the accessibility and use of electronic health information by
individuals. Current services within the platform include direct payments, real time appointments, insurance
eligibility & benefits, population analytics, patient service revenue analytics, automated marketing, medical
content aggregation, nutritional education, and recipe recommendations. Providers can publish daily content or
"to-do's"channel(H) patient activation graph (H) INSIGHT provides access to patient claims, device use, and
behavior, across multiple data sources. Their graph technology maps events, transactions, and interactions for
the entire patient population and for the individual patient. Channel(H) collects individual personal health
information from multiple data sources and links those events to micro-services. Each micro-services is a
transaction, and with their point of sale system, they earn a commission or wholesale spread on each completed
transaction. A subscription-based service for clients.
Performance
Improvement
CareFacets [Atlanta, 2014]: CareFacets’ offerings provide insights on business and administrative functions to
its payer and provider customers. Through the use of CareFacets’ solutions, customers manage and provide
better care to the patients, reduce costs, increase cash flow and more efficiently manage the complex revenue
and payment cycle processes. For insurers, it supports in managing the claims process with tremendous insights
based on the customer data.
67 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (12/18)
Company
Details
Performance
Improvement
IntrinsiQ Specialty Solutions [New York City, 1990]: IntrinsiQ Specialty Solutions is the leading provider of
electronic health records, financial management solutions, and pharmaceutical analytics in the independent
physician specialty market. They claim to provide software solutions to over 6,000 specialty physicians across
the United States and provide analytic services to the majority of major pharmaceutical and biotech companies
with specialty drug products. IntrinsiQ Specialty Solutions utilize real-world market intelligence to transform
complex healthcare data into actionable business intelligence, which healthcare stakeholders use to enhance
overall patient care and create efficiencies within their particular business. The company offers IntelliDose, a
clinical software application that tracks and manages chemotherapy treatments and workflows; IntelliDose TxM
is a Web based platform that provides chemotherapy order management, nurse charting, and charge capture as
well as the capability to integrate with an electronic health record (EHR) application; and meridianSPECIALTY
System, an oncology electronic medical record (EMR) with an integrated chemotherapy management module.
Volume-to-Value
Alignment Healthcare [Orange, 2013]: Alignment Healthcare provides a framework for population health
transformation by combining an advanced clinical model, IT and enablement platform, risk experience, and
capital. IT & enablement platform help in optimizing and predicting healthcare outcome opportunities with big
data in real time and population initiatives. Risk Experience includes solutions for revenue optimization, care
management, claims adjustment etc. The company serves hospitals, physician groups, and health plans. They
also have Alignment Healthcare Centers within the communities they serve.
Volume-to-Value
Funding
Investors
$125M
General Atlantic
Evolent Health [Arlington, 2011]: Evolent Health, founded in 2011 and offered IPO in 2015, provides healthcare
technologies and services that improve clinical, operational and business outcomes. The company’s services
$121.28M
include providing customers with a population management platform, integrated data and analytics capabilities,
pharmacy benefit management services, and comprehensive health plan administration services.
68 Healthcare Analytics Report, July 2016
Advisory, TPG Growth, TPG Global,
UPMC Health Plan
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (13/18)
Company
Details
Funding
Investors
$112M
General Atlantic
Volume-to-Value
CitiusTech [Princeton, 2005]: CitiusTech offers a range of analytical solutions that include: BI-Clinical, the
healthcare analytics platform of CitiusTech, offers capabilities for shared risk management, population health
management and care co-ordination; provides predictive analytics tools such as Readmission Management,
Claim Analytics, Bundled Payments, Population Viewer and Value-Based Purchasing; and Offers clinical,
financial, operational and regulatory reporting. CQ-IQ, a cloud-hosted clinical rules engine that offers Clinical
Quality Measures computation capabilities. H-scale, A SaaS based delivery model dor big data processing and
analytics. Also offers services such as: healthcare software development, healthcare interoperability,
Meaningful Use compliance, BI / analytics, care management and consumer health.
Volume-to-Value
Remedy Partners [Darien, 2011]: Remedy Partners provides a tech-enabled care coordination platform. It
addresses the public health issues that arise when transitioning patients between providers and sites of care by
developing and managing episode programs with hospitals and health systems, healthcare payers, and ACOs.
Remedy Partners enables healthcare providers in developing and operating patient-centric episodic payment $96.15M
programs, by leveraging an integrated approach relying on communication technology, health intelligence and
financial analytics. The team includes executives from HealthMarket, a commercial insurance episode program
launched in 2000 that was the first health insurance plan to rely upon episodes to define and manage risk.
Volume-to-Value
Centauri Health Solutions [Phoenix, 2014]: Centauri Health Solutions’ offers a suite of products with a
technology platform, consisting of data integration, data analytics, workflow software and reporting / business
intelligence software. From this core technology platform, they offer medical record retrieval, medical record
coding, health risk assessments and quality measure gap closure. They deliver data-driven services, private
cloud-based software solutions, and comprehensive data management designed specifically for risk adjustment
and quality-based revenue programs. They claim to improve member outcomes and financial performance for
health plans and at-risk providers by supporting initiatives in risk adjustment, RADV risk mitigation, HEDIS®, and
Star Ratings.Centauri Health Solutions focuses on revealing care opportunities through our suite of products and
services.
69 Healthcare Analytics Report, July 2016
$50M
Bain Capital Ventures,
TomorrowVentures, Bain Capital,
Spring Lake Equity Partners
Silversmith Capital
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (14/18)
Company
Details
Funding
Investors
Volume-to-Value
StartUp Health, Heritage Group,
Aver [Ohio, 2010]: Aver provides predictive pre-payment scoring technology. The company provides bloom, a
Angels on the Water, Wisconsin
platform that consumes data sources, such as administrative claim, clinical, pharmacy, as well as provides
Investment Partners, Silicon Pastures,
visibility into data by allowing the payor and provider to design, model, and implement cost and quality
$24.4M Cardinal Health, NCT Ventures, Hearst
interventions to improve member care. It also offers payment validation services, such as pre and post-payment
Communications, U.S. Oil, ZyQuest,
validation, episodic payments, and clinical collaboration and management services, which comprise ACO,
Drive Capital, GE Ventures, HealthX
episodes of care, medical review strategy, population and utilization management.
Ventures
Volume-to-Value
Mediquire [New York City, 2013]: MediQuire is a performance management platform that leverages data
(clinical, claims, demographic and others) to derive powerful insights about operational and clinical performance
gaps of individual clinicians and provides the tools to clinicians and patients in order to close those care gaps $4.88M
daily. Healthcare organizations are empowered to meet their ultimate goals of healthier patients, manage risk
and realize opportunities for revenue generation and improved operational efficiency.
Volume-to-Value
Healthagen [New York City, 2008]: Healthagen offers population health management, clinical care
management, and value-based risk solutions to HCOs. PHM solutions include: Advanced analytics, patient
engagement, network management, data exchange and organization. Clinical care management solutions
include: clinical insight, care collaboration, care management, social caregiving and wellness and engagement.
Value-based risk solutions includes: patient and member growth, and health plan administration services. It
serves enterprise health systems, community-based healthcare markets, independent physician groups,
employers, provider organizations, payers, and consumers. Healthagen were the developers of iTriage mobile
app. The company was acquired by Aetna in 2011.
Volume-to-Value
HealthUnity [Bellevue, 2004]: Health Unity is an end-to-end solution provider for health information exchange.
They provide the technology and infrastructure required for connecting healthcare entities. The company's
offers solutions like HealthyReferrals (a referral management software) and HealthySite (a patient portal) that
$2.85M
enables efficient care coordination. Health Unity also offers solutions like HealthyBase (analytics and data
warehouse solution ) and Master Person Index (patient matching software) for implementing population
management solutions.
70 Healthcare Analytics Report, July 2016
Clayton Associates, Blueprint Health,
Volcano Capital
$3M
Relay Ventures
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (15/18)
Company
Details
Funding
$2.2M
Volume-to-Value
SpectraMedix [Princeton, 2009]: SpectraMedix provides solutions that enable care providers to improve
performance and outcomes while transitioning to pay for performance and risk-based payment models.The
SpectraMedix 360 platform includes eMeasures360 for quality measures calculation, and identifying gaps in
care; PredictiveCare360 for facilitating risk-based initiatives; and AccountableCare360 for collecting, analyzing
and reporting data for the ACO measure set.
Volume-to-Value
WhiteCloud Analytics [Boise, 2009]: WhiteCloud Analytics designs, develops, and implements analytic solutions
for healthcare systems. It provides clinical solutions that offer performance insights across clinical care
processes; operational solutions, which provide daily visibility into operational performance and the key metrics
$1.51M
needed to assess efficiency and effectiveness in the organization; and financial solutions that remove
unnecessary data and eliminates excess reports. The company also offers consulting services to healthcare
providers,
Volume-to-Value
MedTel [New York City, 2011]: Medtel offers a cloud-based solution for improving surgical workflow by
providing an automated surgical dashboard and analytics. Its purpose is to overcome gaps within a hospital’s IT
systems where the coordination of surgical procedures is handled via paper and telephone leading to costly
consequences. Medtel uses analytics to manage clinical and financial risks as well as track procedural costs and
results.
Volume-to-Value
Volume-to-Value
Connance [Waltham, 2007]: Connance offers cloud-based predictive analytics technology to help providers
optimize their clinical and financial workflows. Revenue cycle solutions include: Patient pay optimization, claims
optimization and vendor management. Population health solutions include: Re-admissions, care transitions and
bundled payments.
Axiom Health Intellect Systems [Bangalore, 2011]: Axiom Health Intellect Systems' flagship product BI-Focal is a
hospital analytics and BI platform supporting the needs of hospital executives and healthcare IT vendors. BIFocal has pre-built KPI’s and metrics divided into clinical, financial, operational and compliance modules
enabling hospital executives to identify and plug inefficiencies there by improving outcomes and optimizing
spending. The platform has a real-time alert engine with data mining algorithms for predictive analysis.
71 Healthcare Analytics Report, July 2016
Investors
$87k
North Bridge, KINDRED PARTNERS,
Flare Capital Partners
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (16/18)
Company
Details
Volume-to-Value
HealthVertex [Monroe, 2014]: HealthVertex, offers HealthAccord a cloud based collaboration platform to
payers and providers for enabling Value Based Care Delivery models. It offers a common data view, shared
business processes and predictable accountable care program outcomes.
Features include:
Member/Patient Attribution, Quality Manager, Financial Manager, Operations Dashboard, Patient Engagement
and Analytics, Incentive/penalty calculation. Payers will host this platform for their ACO/PCMH providers
Volume-to-Value
Conifer Health Solutions [Frisco, 2008]: Conifer Health Solutions provide a suite of solutions for value-based
care solutions to health care organizations. Provide solutions focused on managing Consumer Experience,
Revenue Management, Clinical Revenue Integrity & Health Information Management, Clinical Integration &
Physician Alignment, Population Health Management and Financial Risk Management & Health Plan Operations.
Offer product - ConiferCore Outcomes Optimization, a care coordination software suite to manage the health of
high-risk populations. Claim that their platform integrates with more than 200 fitness devices including those
manufactured by FitBit and Jawbone. Claim to partner with more than 800 health care organizations, managing
over 25 million patient interactions, and more than $28 billion in net patient revenue.
Volume-to-Value
Gennius [Waltham, 2002]: Gennius is a healthcare technology company that offers an analytics platform,
Gennius Metrics Intelligence Platform, which provides the technical readiness required by Accountable Care
Organizations. The platform is an integrated data warehouse and analytics solution that includes features like:
Quality metrics for event based outcomes measures and patient based prevention, process and outcomes
measure; Population health programs for control of chronic disease and case management of high risk/cost
individuals; Utilization for referral management and provider variations; Identify potentially avoidable
readmissions; and Contracting for tracking patients/populations to budget and tracking bundled payments . The
company serves provider networks, hospitals, managed care, payer organizations and health information
exchanges. The company was acquired by Quality Systems in 2015.
Volume-to-Value
Better Outcomes [Cambridge, 2015]: Better Outcomes is a digital health company that offers a software
platform which helps organizations manage value and outcomes-based payment models. Features include:
Actionable insights for improving clinical, financial and operational performance; Automates PRO collection with
a mobile first/consumer engaging approach; Generates condition scores for the hospital, provider and the
patient; Works standalone or fully integrated with major EMRs; and Provides predictive capabilities that will
lower risk and improve financial performance under CJR
72 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (17/18)
Company
Volume-to-Value
Details
G2 Works [Panama, 2014]: G2 Works provides packaged analytics offerings such as Recovery Audit Contractor
(RAC) audits, Value-Based Purchasing, Meaningful Use that increase revenue and maximize reimbursement. G2
works also provide broad-based analytics solutions by analyzing hospitals data to deliver solutions for a variety
of clinical, financial or operational issues.
Volume-to-Value
Avalere Health [Washington D.C., 2000]: Avalere Health is a provider of data-driven advisory services and
business intelligence solutions. It offers reimbursement and product commercialization, health economics and
outcomes research, data analytics and modeling, health insurance and reform, and financial services. The
company also provides EBM Navigator, a suite of online tools that delivers intelligence for strategic and tactical
support to help clients to anticipate market and regulatory change in evidence-based medicine. It serves health
plans, health providers, healthcare organizations and research institutions. As of September 2015, Avalere
Health operates as a subsidiary of Inovalon.
Volume-to-Value
Verisk Health [Waltham, 1997]: Verisk Health’s broad solution suite is designed to help health plans employers,
providers, and other risk bearing entities better understand the health and risk of their populations to improve
quality, reduce costs, ensure payment accuracy, and support compliance. From effective population health
management, quality reporting, revenue accuracy, and chart retrieval to tackling fraud, waste, and abuse, Verisk
Health is committed to answering the unique challenges of its clients. Verisk Health is a subsidiary of Verisk
Analytics.
Volume-to-Value
ORIZON360° [Davie, 2003]: Orizon360° is a healthcare company that offers web-based analytics solutions. The
company's Rockerbox analytics platform is designed for population management, financial performance
management and quality and compliance. It includes: disease management, quality improvement, identify costly
referral patterns, verify claims paying accuracy. It also offers solutions like HEDIS Management, Medical Risk
Scoring, Encounter Management, Risk Ledger Manager. The company caters to payer and provider markets.
73 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Suite Solutions (18/18)
Company
Details
Volume-to-Value
CECity [Homestead, 1996]: CECity is a healthcare analytics vendor that offers software which helps physician
practices with performance management, pay-for-value reporting and professional education. CECity combines
its CMS-qualified PQRS (Physician Quality Reporting System) registry and Big Data analytics platform with
education and improvement interventions. CECity was acquired for $400M by Premier in 2015. At the time of
acquisition CECity claimed to serve over 1.2 million healthcare professionals; over 5,000 practices; and 100
professional societies, quality improvement organizations and certifying boards
Volume-to-Value
Visualize Health [Brentwood, 2015]: Visualize Health provides a software that helps in visualization of a medical
practice's key performance indicators to a physician, practice administrator, or plan administrator. The HIPAA
compliant software offers interactive graphical feedback on a Provider's compliance against their quality based
and value based performance metrics and to ensure that EHR is reflecting their work. Offers insights into the
patient population and patient's health charts to identify gaps in care ad document accuracy. Claims to provide
near real-time visualization. The software can be accessed through a web-based browser or mobile device.
74 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (1/95)
Company
Details
Funding
Investors
Population Health
Analytics
Qualcomm, IBM, Bessemer Venture
Partners, New Enterprise Associates,
Qualcomm Ventures, Emergence
Capital Partners, InterWest Partners,
Welltok [Denver, 2009]: Welltok provides solution to population health managers to engage consumers along
Flybridge Capital Partners, EDBI,
with providing incentives. It provides a health optimization platform, CaféWell, is a collection of resources and
Miramar Venture Partners, Georgian
programs that drives consumer engagement through a novel combination of social, gaming and personalized $151.5M
Partners, HLM Venture Partners,
activities. Welltok provides population managers with a platform-as-a-service solution that enhances revenue
Okapi Venture Capital, Hearst
growth, improves administrative efficiency and delivers health care value.
Communications, The Entrepreneurs'
Fund, Catholic Health Initiatives,
Miramar Ventures, Flare Capital
Partners
$63M
Population Health
Analytics
Humedica [Boston, 2008]: Humedica, acquired by Optum health, provides analytics solutions for healthcare
providers to create a longitudinal view of individual patients and patient populations by gathering, normalizing,
and analyzing data from EHRs, practice management, claims data. The company offers Optum One intelligent
health platform that enables providers to manage patient populations; and Humedica’s NorthStar, a clinical
intelligence platform that is designed to offer in-depth insights into clinical drivers of care.
Bain Capital Ventures, General
Catalyst Partners, North Bridge, Bain
Capital, Leerink Partners
$45M
Population Health
Analytics
Valence Health [Chicago, 1996]: Valence Health provides clinical integration, population health, and valuebased care solutions to health systems, hospitals, ACOs. Its software solutions and services include value-based
consulting, vision platform that transform clinical and financial data into actionable insights, quality
measurement, cost and utilization, data collection, vElect for IPAs contract administration. The company also
offers value-based managed and actuarial services.
North Bridge, Heritage Group, GE
Ventures, Flare Capital Partners
Population Health
Analytics
GNS Healthcare [Cambridge, 2000]: GNS Healthcare offers MAX(Meaningful Actions Accelerator) Care
Management Architecture and patented REFS(Reverse Engineering and Forward Simulation) inference engine
allowing health plans, providers, and biopharma companies to plan, implement and measure interventions that
$43.06M
benefit individuals and drive population-level ROI. These cloud-based solutions are being deployed to improve
outcomes associated with medication non-adherence, metabolic syndrome, diabetes, pre-term birth, and
specialty care medications.
75 Healthcare Analytics Report, July 2016
Cambia Health Solutions, Celgene,
Alexandria Real Estate Equities,
Mitsui, Horizon Healthcare Services,
Heritage Provider Network
Suite Solutions
Clinical
Financial
Operational
Clinical (2/95)
Company
Details
Funding
Population Health
Analytics
Phytel [Dallas, 1997]: Phytel (acquired by IBM) offers physician-led population health management solutions.
The company provides physicians with technology that helps reduce readmissions and total cost of care,
increase patient engagement and patient satisfaction and measure quality and outcome. Phytel uses evidencebased chronic and preventive care protocols to identify and notify patients due for service, while tracking $40.35M
compliance and measuring quality and financial results. Products offered: Phytel Atmosphere, Phytel Outreach,
Phytel Insight, Phytel Coordinate, Phytel Engage, Phytel Transition and Phytel Remind. The company caters to
ACOs, physician practices, hospitals, health systems, community health centers and IDNs.
Population Health
Analytics
XG Health Solutions [Columbia, 2013]: XG Health Solutions offers care management software, population
health data analytics and propriety apps which includes cost, clinical quality, bundled payments analytics. They
offer technology for care team training and education, care management platform, clinician-designed apps that
are embedded into workflows The company also offers interpretation and reporting, patient- and populationfocused care management, health information technology optimization, and TPA services.
Population Health
Analytics
Lyra Health [Burlingame, 2015]: Lyra Health is developing a platform to identify people with behavioral health
conditions. The company works with employers and health plans to address the population of people with
underdiagnosed behavioral health conditions. It claims to use analytics technology to identify people at risk of
$38.1M
substance abuse or mental illness; software to match patients with the right providers and treatments; big data
to assess treatment outcomes and understand what works; and software on the provider end to help doctors
and therapists diagnose patients.
Population Health
Analytics
Blue Health Intelligence [Chicago, 2010]: BHI builds predictive models to support care management, identify atrisk patients and determine appropriate levels of care and effective disease management programs. BHI claims
to hold America's largest source of healthcare data and analysis. Data used for BHI analytics undergoes four
levels of certification to ensure strong foundation of statistically reliable data. BHI offers to help clients keep up $37.4M
the with latest medical trends, create market comparison reports and benchmarks, evaluate geographic
variations and comparative effectiveness studies. BHI is the trade name of Health Intelligence company, an
independent licensee of the Blue Cross Blue Shield Association.
76 Healthcare Analytics Report, July 2016
$40M
Investors
Polaris Partners, Caris Ventures
Oak Investment Partners, Geisinger,
Oak Investment Partners
Greylock Partners, Venrock, Castlight
Health, Breyer Capital, Origin Capital
Partners
Suite Solutions
Clinical
Financial
Operational
Clinical (3/95)
Company
Details
Funding
Investors
Population Health
Analytics
Google Ventures, Data Collective,
Undercurrent, Capricorn, Industry
Metabiota [San Francisco, 2008]: Metabiota delivers actionable, data-driven insights that help countries,
Ventures, Obvious Ventures,
governments and corporations manage and mitigate infectious diseases. Metabiota aims to assess and respond
$33.4M
SharesPost, HVF Labs, Rosemont
to infectious disease threats through pathogen discovery, disease detection, and threat characterization using
Seneca Partners, Tao Capital Partners,
data analytics.
Global Asset Limited, WP Global
Partners
Population Health
Analytics
Enli Health Intelligence [Beaverton, 2002]: Enli Health Intelligence, formerly Kryptiq, is a healthcare company
that provides a population health platform to care teams. The platform helps care teams to identify, stratify,
and prioritize gaps in care. The technology solutions include EMR integrated decision support tools, data
SmartForest, Voyager Capital, Shelter
$29.57M
aggregation and an analytics engine to interpret clinical and financial data. Enli analytics are delivered through a
Capital Partners
cloud-based service model. The company was acquired by SureScripts in 2012 and became independent again
in 2015.
Population Health
Analytics
MedVentive [Waltham, 1997]: MedVentive (acquired by McKesson Corporation) provides technology solutions
Core Capital Partners, HLM Venture
that enable physician groups, health plans and self-insured employers to understand and manage the quality,
Partners, Excel Medical Ventures, CHV
cost and efficiency of providing patient care. Solutions offered: MedVentive Population Manager, a clinical tool $28.4M
Capital, Long River Ventures,
clinical integration and population management; and MedVentive Risk Manager, helps to analyze an improve
Ascension Ventures, Summation
cost and quality challenges. MedVentive was formerly known Provider Service Network.
Health Ventures
Population Health
Analytics
Medivo [New York City, 2010]: Medivo is a healthcare data analytics company that analyzes lab data and shares
its findings with the medical community. Medivo claims to have access to over 150 Million patients through its
network of partner labs. The company caters to payers, labs and pharma companies. It helps payers identify
under performing providers, identify patients for interventions, and perform health risk assessment of
members. Medivo also provides a mobile app for patients so care managers are kept informed regarding patient
health. Medivo’s investors include Safeguard Scientifics and Merck Global Health Innovation Fund.
77 Healthcare Analytics Report, July 2016
$22M
Safeguard Scientifics, MentorTech
Ventures, Angel Round Capital Fund,
Merck
Suite Solutions
Clinical
Financial
Operational
Clinical (4/95)
Company
Details
Funding
Investors
Population Health
Analytics
Pieces Tech [Texas City, 2015]: Pieces Tech offers a clinical decision support software platform that uses
predictive analytics to identify and prevent adverse events such as sepsis and to prevent readmission for
patients with chronic diseases for hospitals and health systems. The company claims its Pieces platform provides
$21.6M
integrated monitoring, prediction, workflow optimization and organizational learning services and software.
Pieces Tech also offers, Pieces Iris, a cloud-based client management system for community-based. The
company is incubated at the Parkland Center for Clinical Innovation and is based on 8 years of research at PCCI.
Children's Medical Center Dallas,
Pacific Advantage Capital, OSF Health
Care, Parkland Center for Clinical
Innovation, Jump Capital
Population Health
Analytics
ZeOmega [Plano, 2001]: ZeOmega offers population health management solutions to providers, health plans,
ACOs and physician groups using Jiva, a web-based platform. The company uses analytics to identify care gaps
and readmission risks. The company also offers PHM related software services, including implementation, $21.5M
custom software development, integration, data migration, remote administration, enterprise software hosting
and administration, and end-user training.
Sandbox Industries, BlueCross
BlueShield Venture Partners, Bregal
Sagemount, Bregal Sagemount
Population Health
Analytics
Predilytics [Burlington, 2011]: Predilytics applies machine-learning analytic tools to transform clients’
structured and unstructured data, along with external data sources into actionable insights. It offers Consumer
Acquisition and Retention solutions to understand the drivers of consumer behavior to inform product design,
Highland Capital Partners, Qualcomm
as well as help users attract and retain members; Care Directions solutions to pinpoint the high-risk members
$20.5M Ventures, Google Ventures, Flybridge
most receptive to and most impactable by care management; Risk Adjustment solution to improve targeting of
Capital Partners, Flare Capital Partners
risk adjustment activities to ensure proper reimbursement and enhanced quality of care; and Quality Insight
solution to understand the drivers of quality for the organization, as well as identify gaps to guide improvement
efforts. As of May 19, 2015, Predilytics, Inc. operates as a subsidiary of Welltok, Inc
Population Health
Analytics
Healthentic [Seattle, 2008]: Healthentic offers Population Health Dashboard for measuring and analyzing
population health; and Dental Action Report for measuring and analyzing oral health. Healthentic is giving
employers the power of whole health informatics to enable them to make changes to their employee plans and
programs in order to lower costs while improving overall employee health and productivity.
78 Healthcare Analytics Report, July 2016
$20M
Corvesta, Hawaii Dental Svc.
Suite Solutions
Clinical
Financial
Operational
Clinical (5/95)
Company
Details
Population Health
Analytics
Lumiata [San Mateo, 2013]: Lumiata collects massive amounts of medical science data, organizes it in
interconnected graphs similar to Facebook’s social graph, and produces key insights for patient care. Health
providers can run anonymized medical records, genetic information or sensor data through Lumiata’s graph to
receive hyper-personalized predictions and recommendations for individual patients. Simply put, Lumiata
operationalizes health data into hyper-personalized care.
Summit Partners, Noro Moseley
Partners, Harbert Management
Population Health
Analytics
Wellcentive [Roswell, 2005]: Wellcentive offers Wellcentive Advance, a healthcare intelligence solution suite
that provides solutions including population management, clinical decision support, care management,
accountable care, chronic care management, clinical integration, enterprise-wide insights, quality-based
$18.48M
reimbursement; and solutions for reducing avoidable hospital readmissions. The company also offers Advance
Outcomes Manager, a solution that empowers physicians and their organizations to improve clinical and
financial outcomes.
Explorys [Cleveland, 2009]: Explorys software platform that allows healthcare systems to aggregate, analyze,
manage, and research their BIG DATA to provide better patient care. Its platform provides clinical integration,
$15.1M
data management, business intelligence, population analytics, population management, performance
measurement, and research and innovation solutions.
Austin Ventures, Sante Ventures,
23bell.com
wondersgroup.com
Population Health
Analytics
HBI Solutions [Palo Alto, 2011]: Healthcare Business Intelligence (HBI) Solutions is a healthcare data analytics
company headquartered in Silicon Valley. The company analyzes clinical, financial and operational data of a
healthcare organization to find cost, revenue, and quality improvement opportunities. The company also uses $12.6M
predictive modeling to predict a patient's risk of developing diseases like diabetes, hypertension, and heart
failure. The company received Series A funding of $12.6M in November 2015.
Grotech Ventures, Harbert
Management
Population Health
Analytics
Healthcare Interactive [Glenwood, 2006]: Healthcare Interactive designs and develops technology solutions for
healthcare administration and insurance. The company offers solutions that enable executives to measure and
manage healthcare costs by using real-time data. It has developed a technology and administrative platform,
$11.4M
Point to Point Healthcare, that helps employers to access, manage and evaluate healthcare and pharmacy
information. Healthcare Interactive, Inc. was founded in 2006 and operates as a subsidiary of WellNet
Healthcare Administrators, Inc.
Population Health
Analytics
79 Healthcare Analytics Report, July 2016
Funding
Investors
$20M
Khosla Ventures, Intel Capital,
Sandbox Industries, BlueCross
BlueShield Venture Partners,
AmeriHealth Caritas District of
Columbia
Suite Solutions
Clinical
Financial
Operational
Clinical (6/95)
Company
Details
Funding
Investors
Newspring Capital, Domain
Associates, Compass
Population Health
Analytics
RightCare Solutions [Philadelphia, 2011]: RightCare Solutions is a medical technology company that helps
hospitals and health systems reduce readmissions and optimize post-acute care delivery. RightCare's software
identifies the risk and needs for patients at admission, matches the patients to the right post-acute care based
$10.75M
on their score, connects them to post-acute care providers, and engages patients with personalized care plans.
The company's proprietary technology was developed at the University of Pennsylvania School of Nursing.
RightCare was acquired by naviHealth in 2015.
Population Health
Analytics
Forward Health Group [Madison, 2009]: Forward Health Group offers PopulationManager, a Web-based engine
that harvests, collects, validates data from EHRs, labs, claims, and others to identify gaps in care and manage
populations of patients. Its tool is used to evaluate individual patient information, identify at-risk patients,
$10.48M
determine outlier patients, compare physician performance & more. The company also provides The Guideline
Advantage, a quality improvement program that uses data collection, analysis, and feedback to translate the
prevention and treatment guidelines of various diseases into practice.
Triple Tree, Wisconsin Investment
Partners, BrightStar Wisconsin
Foundation, HealthX Ventures
Population Health
Analytics
Population Health
Analytics
Population Health
Analytics
Acupera [San Francisco, 2011]: Acupera offers solutions, such as: population health advisory services; an
integration engine that takes data from various types of EHRs, labs, claims; population health tools which
include analytics & devise appropriate strategies for managing these populations. The company also offers care
coordination platform, population reporting & analytics and referral network management solutions.
$10M
Lightspeed Venture Partners
IMAT Solutions [Orem, 2007]: IMAT Solutions, formerly known as Perfect Search, is a is a medical data
management and decision support company. It is a fully integrated medical informatics solution. Reports include
functionality for clinical reports, medical research, and data interoperability. Clinical Reports is targeted for $9.93M
companies doing complex cohort identification, improving patient population health management, and working
to achieve government compliance.
Jvion [Suwanee, 2011]: Jvion's RevEgis is a predictive solution that looks at the patient population and predicts
the risk of an illness or condition before symptoms occur.RevEgis is built on top of a patient-phenotype big data
platform that combines advanced statistics, evidence-based metrics, and deep machine intelligence to predict
and stop the loss of lives and waste of resources.
80 Healthcare Analytics Report, July 2016
$8.9M
Eastside Partners, Martin Ventures
Suite Solutions
Clinical
Financial
Operational
Clinical (7/95)
Company
Details
Funding
$7M
Population Health
Analytics
Health Access Solutions [San Francisco, 2000]: Health Access Solutions provides a care management technology
that improves decision-making at the point of care. The company’s technology enables diversified care teams to
serve a common patient. The company provides a cloud-based platform for enabling caregivers and payers to
join together to improve clinical outcomes and improve cost of care. The company offers performance
management, population health, patient engagement, and analytics capabilities.
Population Health
Analytics
CloudMedx [New York City, 2014]: The CloudMedx APIs integrate with existing healthcare IT workflows and use
natural language processing and machine learning on clinical notes and can process both structured and
unstructured data from healthcare workflows including medical labs, pharmacies and hospitals to capture all
$6.42M
relevant clinical and financial information at the point of care. Using predictive risk analyses, it helps physicians
identify people who are at risk for costly, debilitating illnesses in time for intervention and one-on-one support.
Also they provide patient clinical risk scoring that provides enhanced risk stratification and adjustment.
Y Combinator, AME Cloud Ventures,
Plug and Play Ventures, FundersClub,
Lux Capital, Tencent, CRCM Venture
Capital, svtechventures
Population Health
Analytics
Quire Data [Memphis, 2008]: Quire offers an artificial intelligence based data analytics technology that mines
medical records and identifies at-risk patients. The company's AI algorithms develops predictive models from
unstructured text in clinical notes and electronic medical records (EMRs). The software allows providers to $5.36M
categorize, organize, and visualize patients based on the information found in medical record and stratify and
target patients based on risk -demographics. The company was launched as Computable Genomix in 2008.
Innova Memphis, TriStar Technology
Ventures, Launch Tennessee, Start Co
Population Health
Analytics
Medalogix [Nashville, 2009]: Medalogix provides a predictive modeling toolset for the post-acute health care
agencies. It offers Medalogix that generates a daily assessment that identifies patients who are most
appropriate for hospice care. The company’s Medalogix also identifies patients that may benefit most from the
treatment of their pain rather than their disease and improves clinician efficiency through the transfer to
hospice.
Population Health
Analytics
Transcend Insights [Campbell, 2000]: Transcend Insights offers HealthLogix, a solution that integrates
interoperability with real-time analytics at the point-of-care so physicians and caregivers can improve health
outcomes, enhance the patient experience, and reduce costs; health care analytics engine that processes clinical $5.21M
and claims data; and intuitive care tools that allow physicians and care teams to improve population health
outcomes, enhance the patient experience, and reduce costs.
81 Healthcare Analytics Report, July 2016
Investors
$5.3M
Ziegler
Suite Solutions
Clinical
Financial
Operational
Clinical (8/95)
Company
Details
Funding
Investors
$5M
Kinderhook Industries
Population Health
Analytics
VitreosHealth [Plano, 2009]: VitreosHealth delivers population risk models, and predictive and prescriptive
health insights for healthcare providers. Features include: predictive clinical risk scores, non-clinical markers,
gaps-in-care, and prescriptive care recommendations.The company claims it identifies patients and members
who are going to become high risk, predict their probability of hospitalization or escalation of chronic disease,
and help determine the interventions needed to delay or avoid high-cost healthcare episodes.
Population Health
Analytics
WellRight [Chicago, 2013]: WellRight is cloud-based corporate wellness management solution. It helps
businesses engage employees through an interactive Health Reimbursement Arrangements (HRAs), health and
fitness trackers, device integration and extensive educational material with quantifiable results. Makes wellness $4.62M
easy for program administrators by providing configurable incentives, integrated biometrics, and flexible
reporting.
Aberdare Ventures
Population Health
Analytics
RxAnte [McLean, 2011]: RxAnte developed a patent-pending analytics suite that measures and targets
opportunities to improve outcomes by improving medication use, predicts medication use at the patient level,
prioritizes and targets the most cost-effective intervention(s) available for each patient, equips health-care $4.61M
professionals and other members of the care team with the information needed to engage each patient for
optimal medication use, monitors and evaluates the effectiveness of adherence programs.
Population Health
Analytics
Rise Health [Oak Brook, 2009]: Rise Health offers Ascend, an enterprise data integration platform that
aggregates clinical, operational, and financial data into population health registries that empowers clinical care
teams to deliver evidence-based care plans customized to individual patients. The company offers Stratus, a $4.54M
Population Health Analytics tool; Cirrus, an operational and clinical decision support application. It serves
payers, health systems, wellness companies, care coordination providers & others.
Sante Ventures, Abundant Venture
Partners
Springbuk [Indianapolis, 2014]: SpringBuk provides analytical solutions to employers so that they can better
manage their employees' health. The company will collect population data from employers including claims,
$3.75M
payroll, biometric and medical data and helps identify gaps in care and in predicting healthcare spending.
SpringBuk is a division of Healthiest Employers.
Lewis&Clark Ventures
Population Health
Analytics
82 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (9/95)
Company
Details
Funding
Investors
$3.5M
Mansa Capital, Kinderhook Industries
Population Health
Analytics
4 Health [Irving, 2011]: E4 Health offers behavioral health risk management for employers. HealthMap is E4’s
comprehensive care coordination solution to help employees make lifestyle decisions and employers to manage
health and productivity related risks. It provides three products LifeLync for population health analytics,
LifeChoice for sustainable behavior change and LifeScope for health resources. It claims to improve wellness,
increase productivity and ultimately reduce the demand for healthcare services.
$3.3M
Population Health
Analytics
Bjönd [Columbus, 2012]: Bjönd is a technology company that makes cloud-based subscription software that
allows users to build automated workflow, draws in data to support decisions and creates mini social networks
to modify behavior. The company's flagship product, BjöndHealth,identifies at-risk people and builds, automates
and delivers their care plans. The tool enables the care managers to go out in the field to get more compliance
with health regimens.
Draper Triangle, TriStar Technology
Ventures, Hopen Life Science
Ventures, TriStar, DTVC
Innovu [Pittsburgh, 2014]: Innovu provides cloud-based solutions that uses analytics to help employers
optimize the quality, cost, and efficacy of their healthcare and benefits programs. Innovu integrates benefits
data from multiple sources, performs validity checks and applies descriptive and predictive analytics on the
curated data to provide the employers with actionable insights.
$3M
BlueDot [Toronto, 2013]: Blue Dot uses big data analytics to track and analyze risks posed by global infectious
diseases. It is the commercial arm of an academic research program called BioDiaspora, developed at St.
Michael's Hospital, Toronto. BioDiaspora models how infectious diseases can spread and impact populations
globally by analyzing big data such as the annual movements of more than 3 billion travelers on commercial
flights; human, animal and insect population data; climate data from satellites; and news reports of disease
outbreaks. The company offers their insights to Governments and businesses. Horizon Ventures and MaRS
Innovations have invested in the company.
$2.9M
Horizon Ventures, Ontario Centres of
Excellence, MaRS Innovation, St.
Michael's Hospital
Artemis Health [Salt Lake City, 2013]: Artemis Health helps self-insured employers reduce healthcare spending
by extracting value from their healthcare benefits data. Artemis platform helps employers monitor and view
their health data at a single place, points out problem areas and quantifiable solutions and measures the impact
of wellness programs.
$2M
Blueprint Health, Kickstart Seed Fund,
Peterson Partners, Kickstart Seed
Fund, Valence Ventures
Population Health
Analytics
Population Health
Analytics
Population Health
Analytics
83 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (10/95)
Company
Details
Funding
$2M
Population Health
Analytics
NavHealth [Washington D.C., 2015]: NavHealth is a healthcare company founded in 2015 that helps health
systems to engage patients in the collection and use of health data. The company enables patients to share
health data that is accessible to them, with health systems so as to find meaning in that information and
uncover gaps in care or identify preventive services that can improve health outcomes.
The company is led
by Aneesh Chopra who was the former CTO under Obama administration and who was, in 2011, named as one
of the 100 most influential people in healthcare.
$1.8M
Population Health
Analytics
iMosphere [San Francisco, 2012]: iMOSPHERE provides iMoLYTICS, a healthcare analytics platform designed for
clinicians by clinicians and which can be used by payors, providers, practitioners, researchers and analysts. They
claim to have built a newly patented technology that aggregates data directly from multiple applications,
databases, data warehouses removing the layer of traditional BI tools and the IT department by providing the
data directly to the end user. The company aims to give complete control of information to healthcare
professionals. iMoLYTICS supports functions like population health analysis, peer group review, quality
improvement, performance measurement, clinical research, outcomes analysis, utilization and financial review
and patient satisfaction surveys.
Population Health
Analytics
EagleDream Health [New York City, 2014]: EagleDream Health offers a analytics software platform for
providers to help improve quality, increase patient engagement, and lower costs. The SaaS-based platform
includes like: registry based view of patient population; identify gaps in care; identify high-risk patients; $1.76M
measure, compare and report clinical outcomes and quality metrics; and identify overuse, underuse and misuse
of services. The company acquired Focused Medical Analytics in 2015.
Population Health
Analytics
Healthiest Employers [Fishers, 2009]: Healthiest Employer operates as a wellness technology and data research
company that focuses on corporate wellness. The company engages in collecting, analyzing, and providing
corporate wellness data to wellness and human resources industries worldwide. It supplies its clients with
$1.75M
relevant data to support their wellness programming decisions; shares prevailing trends for engaging
workforces. It also offers Springbuk, a health analytics solution that offers a complete view of employer
population.
84 Healthcare Analytics Report, July 2016
Investors
Elevate Ventures
Suite Solutions
Clinical
Financial
Operational
Clinical (11/95)
Company
Details
Funding
Investors
$950k
Zions Bank
Population Health
Analytics
Proskriptive [Boise, 2014]: Proskriptive applies machine learning capabilities on healthcare data to suggest
interventions for patients in need of care prior to the need for hospitalization or readmission. The company uses
analytics to offer services and develop solutions that identify opportunities and risks within an entire
population. The insights are used to identify issues like at-risk patients, gaps in care, risk stratification and
patient-cost predictors. The company caters mainly to providers and payers.
$750k
Confrapar
Population Health
Analytics
ePrimeCare [Belo Horizonte, 2005]: ePrimeCare is a technology company based out of Brazil that offers
population health management products and solutions to payers, providers and employers. The company offers
to identify disease risks and patterns in large populations, establish health promotion and prevention programs
and monitor medication adherence. The EPIDEMIS provides insights and intelligence on the population based on
specified criteria. The PLATIS is a platform to manage health programs.
$620k
Population Health
Analytics
Amplify Health [San Francisco, 2011]: Amplify Health analytics software links multiple data sources, including
claims data with providers, clinical EHR data to create a roadmap for pro-active patient care and gives access to
patient population insights. The company’s software also provides dashboards, reports, and analytics to pinpoint
opportunities to improve outcomes and eliminate wasteful health care spending. The company primary
customers include payers, providers & employers,
Rock Health, Lighter Capital, Healthy
Ventures
$600k
Population Health
Analytics
Loopback Analytics [Dallas, 2009]: Loopback Analytics offers SaaS based management platform that integrates
data from multiple clinical systems and organizations; applies data analytics to identify at-risk patients; enables
providers to stay connected with patients after discharge; and offers dashboard reporting to measure clinical
and economic effectiveness of care intervention strategies. In partnership with Walgreens, the company also
offers WellTransitions, a medication adherence solution.
$150k
Population Health
Analytics
eVeritas [Minneapolis, 2009]: eVeritas (formally known as Clinical Healthcare) provides a cloud-based platform
designed to help physicians manage chronic disease. The company offers real-time data reporting and analysis
to enable population management. It automates the creation of clinical progress notes and patient treatment
plans. The company also provides patient self-management tools like patient education, prescription and refill
reminders and validated self-assessments. The company focuses on Asthma, Diabetes, COPD & Heart Disease.
85 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (12/95)
Company
Details
Funding
$150K
Population Health
Analytics
HealthEC [Piscataway, 1997]: HealthEC is a health technology company that provides an end-to-end suite
solution to manage Population Health. The company offers a Population Health Management platform provides
that aggregates information from multiple sources and analyzes it to provide actionable insights for cost impact,
quality improvement and measurable outcomes. The company offers 3D analytics for: At-risk member
identification, Risk level determination for care plan members, Gaps in care Identification, Care management
optimization, Member behavior prediction, Proactive patient engagement, Utilization optimization, Real-time
care error prevention. Other solutions include: RCM, provider management, beneficiary management, audits
and reporting.
Health Data Intel [Arlington, 2014]: Health Data Intelligence (HDI), founded in 2014, provides a platform for
hospitals and health systems to make sense of data. HDI offers clients dashboards and reports accessible
through the cloud. HDI hopes to empower healthcare professionals to make better decisions that improve
quality of care for patients and eliminates waste.
$125K
$120K
Blueprint Health, NY Digital Health
Population Health
Analytics
AllazoHealth [New York City, 2011]: Allazo Health is addressing the problem of medication non-adherence
through predictive analytics and personalized interventions. Allazo Health's program includes two components.
AllazoMAP uses population data to calculate individual patient adherence levels to each of their medications,
while LIFT uses MAP data to determine whether there needs to be an intervention with a patient and finds the
most cost-effective method. Their clients include ACO's, health groups & healthcare plans
$120K
Y Combinator
Population Health
Analytics
CareSkore [Chicago, 2014]: CareSkore's web based predictive analytics driven platform helps hospitals, health
systems, and ACOs manage patient populations, optimize revenue, and reduce costs. Using risk modelling and
predictive analysis, CareSkore helps better measure and manage risk for patients and drive timely action and
intervention. The company's solution includes features such as real-time risk stratification, workflow
management, and automated patient outreach.
Population Health
Analytics
86 Healthcare Analytics Report, July 2016
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (13/95)
Company
Details
Funding
Investors
$120K
Y Combinator
Population Health
Analytics
Able Health [San Francisco, 2015]: Able Health develops and provides cloud-based pay-for-performance and
risk adjustment solutions for care managers and physicians. It aggregates patient data from one or more EHR
systems, claims databases, and other sources to ensure organizations get credit for every diagnosis, encounter,
and clinical activity. The company generates checklists, outreach lists, and automated clinician feedback reports
that inform and motivate care managers and physicians to meet improvement goals.
$120k
Population Health
Analytics
Epy [Brooklyn, 2013]: Epy.io (currently closed), was formerly known as PLOM.io. The company was developing
an online platform that helps health officials and physicians to monitor community health trends using realtime, web-based disease forecasting and decision-support widgets. Features included: transform imperfect
surveillance data into community health trends; assess the impact of policies; and forecast epidemic patterns.
The company closed its operations in 2013.
$100k
Population Health
Analytics
CliniCast [Millbrae, 2011]: CliniCast builds software tools for population management that enables healthcare
organizations to: identify high risk patients, target appropriate interventions to manage those patients, optimize
workflow to maximize productivity, and measure performance. CliniCast’s risk models has the capability to
extract insights from diverse sources, including: demographics, claims, labs, pharmacy, psychosocial
information, surveys and unstructured free text
$50K
Population Health
Analytics
Brainpan Innovations [Lucknow, 2014]: Brainpan Innovations is an healthcare company that uses machine
learning algorithms and mathematical modeling to solve healthcare challenges in the developing world. Product
offering are: "Doctor’s Diary", EHR platform for use in India and Diseaseatlas, a technology platform to records
and analyses the spread of infectious diseases. The company also collaborates with Health Express to provide
pediatric services.
$50k
Population Health
Analytics
NavigatorMD [Knoxville, 2005]: NavigatorMD offers its health claims data analytics software to employers to
manage their healthcare costs. Its product Design180 is a health care plan management system which is
designed to improve the financial health of a company along with the wellness of its employees and members
through its data analysis. It collects healthcare data of employees and combines analysis, reporting, plan
modeling and plan-performance management into one system.
87 Healthcare Analytics Report, July 2016
Rock Health
Suite Solutions
Clinical
Financial
Operational
Clinical (14/95)
Company
Details
Funding
Investors
$30k
Acceleprise Ventures
Population Health
Analytics
Bridgecrest Medical [San Francisco, 2013]: BridgeCrest Medical offers data analytics using mobile diagnostic
devices to record employee health data in the field. Helps employers monitor and track health conditions of
employees and analyze it to reduce accidents and improve worker health in real-time. The company core
offerings include Fatigue Management and Employee Wellness, to identify workers at high risk for fatiguerelated incidents using wearable technology and real-time alerts. Also provides comprehensive screening and
fitness solutions.
$20k
Invest Nebraska, Straight Shot
Population Health
Analytics
Crumb [Omaha, 2013]: Crumb, formerly known as CardioSys, is a predictive intelligence platform that enables
healthcare organizations to access healthcare data across multiple systems and generate actionable insights.
The platform also allows doctors and nurses to share the data with multiple hospitals. Crumb combines
mathematical modeling and predictive analytics along with data visualization in order to provide insights into
patient health and research. It offers two products: Paragon (for data collection) and Navel (for data analytics
and visualization).
Population Health
Analytics
Health Dialog [Boston, 1997]: Health Dialog is a healthcare service provider that offers population analytics,
interactive decision aids, and healthcare decision programs. The company also provides services like chronic
care management, wellness programs, HEDIS improvement and shared decision making. Health Dialog caters to
health plans, employers and providers. Health Dialog was initially acquired by Bupa in 2007 and later by RiteAid
in 2014
406 Ventures, Harbourvest Partners,
The Lambda Funds, Oak Investment
Partners
Acumen
Population Health
Analytics
BroadReach Healthcare [Cape Town, 2003]: BroadReach Healthcare offers a cloud-based platform for
population health analytics. The BroadReach Analytics platform combined with the company's Command Center
and Knowledge Base allows governments, donor organizations and private companies to improve the health of
underserved populations. The platform uses health system performance data, supply-chain data, socioeconomic data, benchmarks and surveys to offer reports, alerts, data visualization, forecasting and modeling,
intelligence and insights into population health.
Aging2.0
Population Health
Analytics
Life2 [Jacksonville, 2011]: Life2 is a healthcare focused predictive analytics company that helps caregivers
predict and manage future health risks by providing them information on “who” is at risk, “why” they are at risk,
and “what” can be done to mitigate the risk. The company offers a SaaS based predicitve platform that it claims
can help clients make proactive decisions and take action before adverse events occur. Features include: Preacute, analytics to help prevent hospital admissions; Acute-care, to help predict readmission risk, length of stay
risk and post-acute venue selection risk; and Post-Acute Care, to help optimize care coordination with hospitals.
88 Healthcare Analytics Report, July 2016
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Clinical
Financial
Operational
Clinical (15/95)
Company
Details
BEST Funds
Population Health
Analytics
Novus Health [Toronto, 2006]: Novus Health is a health navigation and wellness solution that helps
organizations engage and support their employees, members or customers with solutions designed to help
navigate the health care system and access health information. Using the Health navigation platform, employers
can integrate all their health programs within one platform; understand the organization’s health and health
risks using health risk assessments; enable members to make better health decisions; and offer health coaching
and member assistance to members who need help addressing critical health problems.
i2i Systems [Santa Rosa, 2000]: i2i Systems helps health care organizations improve their clinical, operational,
and financial performance. i2i’s flagship product, i2iTracks identifies patients at risk. The company's big-data
tool, PopIQ, delivers a cloud-based comparative analytics toolset which uses clients's data sets to examine crosspopulation views. The company caters to physician groups, employers, ACOs and payers
Blue Shield of California Foundation
Healthbox
Population Health
Analytics
Soma Analytics [London, 2011]: Soma Analytics develops mobile apps to reduce work related stress. Its product
Kelaa, uses inbuilt sensors of a smartphone instead of any wearable for tracking. It offers intuitive and engaging
platform to employees to manage their health through tips and feedbacks, and also manage HR benefits. It also
provides employers with Kelaa dashboard to help them understand and enhance staff's health. Kelaa's exercises
and challenges are based on cutting edge research. Its partners are leading researchers in psychology, sleep
medicine and data science.
Hearst Communications
Population Health
Analytics
Lightbeam Health [Irving, 2013]: Lightbeam Health provides a cloud-based analytics platform that facilitates
end-to-end population health management for ACOs, payers, provider groups and health systems. Platform
features include: analytics, risk stratification, care coordination, provider and member engagement solutions.
The platform aggregates data from multiple sources, applies quality measures and provides near-real-time
insights.
iCare Intelligence [Miami, 2012]: iCare Intelligence has developed a population health management tool that
measures the costs of services on a per patient, per physician, and per physician group basis. It analyzes trends,
care gaps, and risk gaps, and then aims to save money and increase quality of care. The insights are represented
in focused dashboard reports.
Incubate Miami
Population Health
Analytics
Population Health
Analytics
89 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (16/95)
Company
Details
Innovation Works
Population Health
Analytics
Health Monitoring Systems [Pittsburgh, 2006]: Health Monitoring Systems offers SaaS platform to monitor and
analyze community health. Provides Epicenter, SaaS platform to process and analyze tens of millions of patient
visits per year. Works with over 550 hospitals from New Jersey to Hawaii to efficiently and securely track health
conditions. Product portfolio also includes Epistart, which transform data into actionable knowledge through
real time monitoring and analysis and automatic issue notification; Medicenter, to offer patient medication
history and Public health consulting. Claims to operate the largest private Health Information Exchange (HIE) in
the United States between hospitals and public health.
MediKeeper [San Diego, 2003]: MediKeeper offers a suite of PHM tools intended for health plans, wellness
companies, and employer groups. The MediKeeper technology gathers and analyzes disparate health data and
provides de-identified population reporting. Offers health portals, health risk assessment, administrative portal
and third-party application integration.
Pacificap
Radius Ventures, Psilos Group
Managers
Population Health
Analytics
ActiveHealth Management [New York City, 1998]: ActiveHealth Management (independent subsidiary of
Aetna) provides solutions for analytics and insights, health and wellness engagement and care management.
The company offers its, CareEngine System, a patented technology platform that collects and analyzes data
from multiple sources including medical claims, pharmacy and lab data. The company claims its platform
assesses each member's available health information across 1,200 health monitored events and 9,000 clinical
rules. It helps healthcare organizations and providers monitor quality of patient care using 200 clinical quality
measures. The company also offers MyActiveHealth member engagement platform personalized platform to
help members better understand and manage their health.
Schooner Capital
Population Health
Analytics
Cyft [Cambridge, 2014]: Cyft offers a healthcare software system which uses machine learning and natural
language processing to make actionable predictions. The predictive and prescriptive analytics platform's
features include: helps providers and ACOS to predict patients who will most likely be readmitted, find patients
with uncoded complications and anticipate people in ICU who are at the greatest risk of acquiring an infection;
helps plans to identify which members will be of higher cost and identify interventions that are most likely to
lead to cost savings.
Population Health
Analytics
90 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (17/95)
Company
Details
Population Health
Analytics
HealthPlotter [Spartanburg, 2013]: HealthPlotter is a cloud-based platform that supports onsite clinic
practitioners. The platform integrates data from healthcare claims, pharmaceutical claims, biometric results,
and eligibility data and creates custom-build actionable reports for employer clinics. The company also claims to
be building a marketplace of healthcare products and services that allows consumers to make knowledgable
purchases using tax advantaged accounts.
Population Health
Analytics
Enlightiks [Bangalore, 2012]: Provider of data analytics platform to convert data into actionable insights and
finding its applications in healthcare, consumer insights & retail industries. Its predictive analytics platform,
Querent, helps with forecasting actionable solutions for healthcare with components such as patient similarity
analytics, readmission rate prediction, helping physicians visualize the future health of a patient etc. Has offices
in Palo Alto & Houston with R&D Centre in Bangalore.
Population Health
Analytics
Neurocern [Palo Alto, 2014]: Neurocern is a dementia population health analytics company that offers a cloudbased software platform to help health systems better manage dementia patients using predictive analytics and
best practices from geriatric neurology. Patients or care givers answer questions based on their concern,
Neurocern's algorithms analyze the answers and the system generates a unique brain profile with care solutions
tailored for each patient. Part of MATTER healthcare incubator.
Population Health
Analytics
Energy Fusion [London, 2014]: Energy Fusion aspires to help mid-size businesses create a health-focused
workplace that supports long-term staff resilience, job fulfillment and productivity. It's provides an interactive
online platform that subjectively assesses the physical and mental health of each employee to then help them
make informed lifestyle choices. An action-based report is created based on the assessment test for each
individual. It claims that the assessment & education tools are based on 30 years of clinical research. It also
offers consultants that motivate and empower employees in order to achieve a work-life balance.
Population Health
Analytics
Loop360 Solutions [Austin, 2013]: Loop 360 Healthcare Solutions partners with healthcare organizations for the
development of an IT infrastructure that supports predictive modeling. According to the company, through the
use of predictive analytics, it enables clients to identify individuals with the highest future probability for
admission and thereby prevent hospitalization through preventative care and care coordination. The company
aims to help organizations reduce excessive costs and improve quality by identifying areas of excessive care.
Loop360 solutions also facilitates the exchange, integration, sharing, and retrieval of electronic health
information. The company caters to providers and payers.
91 Healthcare Analytics Report, July 2016
Funding
Investors
The Iron Yard
Suite Solutions
Clinical
Financial
Operational
Clinical (18/95)
Company
Details
Population Health
Analytics
Trajectory HealthCare [Loveland, 2003]: Trajectory HealthCare provides a suite of analytics software products
that offer customers insights to alter member and patient health outcomes and manage financial risk. Solutions
include: Predictive Analytics, Retrospective Analytics, Event Analytics, and Program Evaluation. According to the
company claims its solutions help in predicting imminent events, provide actionable recommendations, and
assesses the impact of investments made in response to the recommendations. The company claims that its
solutions are hosted in a secure, HIPAA compliant facility.
Population Health
Analytics
InductiveHealth Informatics [Atlanta, 2012]: InductiveHealth Informatics provides public health informatics
solutions to lower the costs of integration and large-scale analysis of health data. Offer implementation,
management and support solutions to national and jurisdictional clients. InductiveHealth have been architects
of national public health infrastructure like the NEDSS Base System. Also selected, along with ICF International
and Deloitte Consulting, to support, operate, and enhance the BioSense system for the Centers for Disease
Control and Prevention (CDC), Center for Surveillance, Epidemiology, and Laboratory Services (CSELS).
Population Health
Analytics
Terra Neo Technology [Denver, 2015]: Terra Neo's Discharge Intelligence platform identifies readmission risk
before the patient leaves the facility and generates a customized patient action plan to help prevent
readmission. The company uses machine learning technology. The Terra Neo Healthcare Big Data engine
processes and correlates data generated in the healthcare delivery life-cycle.
Population Health
Analytics
Caradigm [Bellevue, 2012]: Caradigm is a joint venture of GE Healthcare and Microsoft. Caradigm offers
population health solutions that enable teams to deliver the appropriate care to patients through effective
coordination and patient engagement, helping to improve outcomes and financial results. The company's
analytics solutions provide insight into patients, populations and performance, enabling healthcare
organizations to understand their clinical and financial risk and identify the actions needed to address it.
Population Health
Analytics
Bitscopic [Redwood City, 2012]: Bitscopic specializes in applying the latest advances in the fields of distributed
computing and machine learning to bio-surveillence and related areas. The company's flagship product,
Praedico Biosurveillance is a biosurveillance toolset for early detection, monitoring, and forecasting of the
outbreak of infectious disease. In addition , Praedico Data Platform is a powerful data processing platform that
handles extraction of data from a host of Electronic Health Record (EHR) systems, processes the data which
includes cleansing, normalization, standardization, matching, and publishing of data.
92 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (19/95)
Company
Details
Population Health
Analytics
Theon [Harrisburg, 2006]: Theon, a product of Genia, is a cloud based analytics platform for population health
management. Theon’s suite of products is designed to provide meaningful and actionable information using
scalable analytics platform. Products include: Care Optimizer - for understanding the total cost of entire
population of members, tracking monthly performance at the PCP and group level, analyzing gaps in
performance to manage cost, quality and utilization, retrospective and prospective performance and
measurement tools; Care Collaborator - an integrated care management platform; Care Engager - employer
focused healthcare engagement tools; Care Modeler - an analytics development tool. The platform also
provides bi-directional collaboration between all stakeholders in the patient’s care.
Population Health
Analytics
Innovative Healthcare Teams [Lancaster, 2015]: Innovative Healthcare Teams assists employers by conducting
a clinical claims analysis. According to the company, the results of the claims analysis will help identify trends in
the clinical costs and risks as well as potential care gaps that exist in the covered member population. The
company uses information gained from the clinical and claims data to help employers create a health benefit
plan. Innovative Healthcare Teams, through its Team Based Care, also helps to implement and sustain Medicare
Wellness Programs.
Population Health
Analytics
360 Health Vectors [Bangalore, 2011]: Health Vectors is an online platform which measures and gives
suggestions for patients based on predictive analytics and cognitive computing. It follows a patented process of
data acquisition, analysis and report delivery. The company partners with local hospitals & diagnostics to collect
data and then uses predictive analysis to spot deadly combination, predict disease and lifestyle analysis. Patients
are then provided with a wellness plan, physiotherapy advice and doctor consultation. Accelerated at GenNext
Innovation Hub, a joint initiative of Reliance Industries Limited (RIL) and Microsoft Ventures.
Population Health
Analytics
Integer Health [North Richland Hills, 2015]: IntegerHealth Technologies, a healthcare analytics company
founded in September 2015, offers to lower the overall costs incurred by employers due to their self-funded
health care plans. According to the company, it uses medical claims histories, human resource and job
performance records and clinical information to analyze the health care choices employees are making and
discover better outcomes. The company claims that their proprietary algorithms identify the highest quality
providers in the network and then creates and monitors employee specific care plans when needed.
93 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (20/95)
Company
Details
Population Health
Analytics
Get It Analytics [Chicago, 2015]: Get It Analytics provides PHM analytical tools to small and medium sized
community health plans and medical groups. The company helps organization identify needs, lay out strategy,
and build or help source an appropriate platform. The company then develops analytics to make population
health initiatives successful. Get It Analytics uses its Medicare Risk Adjustment tool to help health plans identify
gaps in care between plan years at a patient, provider, and plan level. The company offers providers technology
needed to identify a target population and manage their care.
Population Health
Analytics
Disease Atlas [Lucknow, 2015]: Disease Atlas is a product of Brainpan Innovations. The initiative based out of
India, aims to record and analyse the spread of infectious diseases using machine learning algorithms and
mathematical modeling. As of January 2016, the patent pending technology is yet to be launch.
Population Health
Analytics
Intelligent Healthcare [Santa Monica, 1990]: Intelligent Healthcare provides data insights to physicians and
providers using cloud-based population health management solutions. The company was acquired by ZirMed in
2014. Through their solutions, Intelligent Healthcare help their clients improve value-based reimbursements,
clinical outcomes, quality, and efficiency. Prior to being acquired the company claims its platform was used by
over 40 hospitals, 11,000 physicians .
Population Health
Analytics
Medecision [Wayne, 1988]: Medecision provides a suite of population health management software. The
company's Aerial Insights, is an on-demand platform that offers features like: Population analytics and disease
registry; Quality measures reporting; Clinical, operational and financial performance management dashboards;
and Member- and patient-centered predictive algorithms and alerts for surveillance, detection and risk
mitigation. The company caters to payers, healthcare providers, ACOs. The company went public in 2006 and
became a wholly-owned subsidiary of Health Care Service Corporation in 2008.
Population Health
Analytics
Cerenode [Bangalore, 2015]: Cerenode is a semantic graph-based analytics company that enables healthcare
and life sciences companies to filter, analyze and gather insights. The company claims its technology helps
customers identify insights by extracting specific segments of their data and applying relevant analytics including
Machine Learning and Statistical methods. Possible insights include: patient population data, disease that have
similar pathways and identifying sponsors for relevant molecules.
94 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (21/95)
Company
Details
Population Health
Analytics
Valera Health [New York City, 2015]: Valera Health is a digitally-enabled behavioral health company that
partners with payers and providers to create new care delivery models. They leverage smartphone technology
and data analytics to enable proactive behavioral healthcare that generates cost savings. Valera Health works
with payers and providers to identify patients with co-morbid medical and behavioral health conditions using
claims data analysis. Primary care providers are then supported with trained remote case managers for
behavioral activation and coordination supervised by psychiatrists. Additionally, the app will track both passive
(distance traveled, amount of texting, etc) and active patient sentiment and use algorithms to detect change.
Valera aims to provide a scalable end-to-end solution that supports improved outcomes and cost-savings.
Population Health
Analytics
Health Analytics [Cambridge, 2009]: Health Analytics is a Cambridge based company that enables clinicians and
commissioners to analyse patient data from the National Health Services (NHS) in real time. The platform
analyses clinical and financial data to predict future health trends and provide insights needed to improve
patient care and efficiency within the NHS. Uses an integration platform and reporting modules to generate
holistic patient view.
Population Health
Analytics
Aspicio Health [Charlotte, 2014]: Aspicio Health provides powerful healthcare analytics solutions that enable
providers to improve quality care and increase perfromance-based reimbursements. The company PHM
software integrates with providers EMR software to help them manage performance based contracts, rapidly
improve quality reporting measures and enable proactive patient care. Aspicio Health enables care teams and
population analysts to assess risk in patient populations, align at-risk patients with the appropriate resources,
and measure the efficacy of interventions.
Population Health
Analytics
eDoc4U [Nashville, 1998]: eDoc4U is a patented, NCQA-certified population health management solution.
eDoc4U provides web-based services for wellness, preventive care and disease management to employers,
health care providers and health plans. The company claims its solutions help lower health management costs,
improve outcomes, increase productivity among clinicians, helps engaged and motivate employees and patients.
95 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (22/95)
Company
Details
Population Health
Analytics
DataSmart Solutions [Helena, 2008]: DataSmart provides a predictive decision support tool for employers to
offer benefit program recommendations and deploy early intervention resources and bring costs down while
improving member health. Apart from medical and Rx claim data it also analyses employee biometric lab values,
health risk assessment data, and other data sources, to achieve more predictive accuracy. Products include
clinical solution tool for population risk scoring, a HRA tool, and a provder efficienctt tool for provider
evaluations.
Population Health
Analytics
Populytics [Allentown, 2013]: Populytics is an healthcare analytics firm that provides population health
management solutions which include predictive analytics insights, strategic health plan design, benefits
administration services, and physician collaboration. Analytics tools are used on claims and clinical data to
provide actionable information. Populytics connects directly with clinicians to share data insights and assist with
care coordination. The company claims its solution closes the gap between payers and providers.
Population Health
Analytics
PluralSoft [Denver, 2004]: PluralSoft provides healthcare business intelligence platform to empower healthcare
organizations like providers, payers, federal and state government agencies. Flagship solution CareQuotient™
collects clinical, financial, and claims data from multiple systems to offer intelligence solution for managing atrisk populations, monitoring utilization and cost outliers, compliance in performance reporting, continuous
performance benchmarking and more.
Population Health
Analytics
Niles Health [Palo Alto, 2015]: Niles Health, founded in 2015, is a healthcare analytics company that uses
machine learning algorithms to help employers evaluate, monitor, and engage employees in their wellness and
prevention programs. The company assists the employer in choosing relevant metrics based on the employers
requirement. Niles Health claims that through its outreach programs it ensures the maximum participation of
population in the wellness programs.
Population Health
Analytics
Applied Health Analytics [Nashville, 2009]: Applied Health Analytics, provides software services and consulting
to hospitals and health systems to help them manage population-health within their communities. The company
offers proprietary software, BeneFactorIQ, in concert with Vanderbilt University Medical Center's Dayani Center
for Health Promotion, to provide hospitals and health systems a business process support platform for managing
the health of targeted populations. It matches and tracks individuals' health risks with the solutions provided by
hospitals and health systems locally. Applied Health Analytics helps improve population health by pinpointing
individual risks, identifying and engaging potential patients and marketing services.
96 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (23/95)
Company
Population Health
Analytics
Details
Funding
Investors
$404M
Oracle, SVB Financial Group, Adams
Street Partners, Kaiser Permanente
Ventures, Asset Management
Ventures, Essex Woodlands, The
Carlyle Group, Medtronic, Novartis,
Oxford Finance, Fletcher Spaght, Helix
Ventures, Itochu, St. Jude Medical, ON
Semiconductor, Otsuka America
Pharmaceutical, Spring Ridge
Ventures, Sailing Capital
pulseData [New York City, 2015]: pulseData is building a machine learning software tool for Health systems,
ACO's and Health insurance companies. The company claims its predictive analytics tool can help anticipate
undesirable health outcomes. The company is yet to lauch as of June 2016.
Population Health
Analytics
The Sollis Partnership [Epsom, 1994]: The Sollis Partnership offers a healthcare analytics software platform,
Sollis Clarity Patients, that helps NHS commissioners and clinicians understand patterns of multi-morbidity and
its relationship to utilization, costs and outcomes. It delivers business analytics and data management to identify
and analyse populations across the continuum of care. Features include: Population level risk stratification,
Outcomes-based commissioning, Patient level risk stratification and Case-mix adjusted benchmarking. Also
offers: Clarity Finance,
Population Health
Analytics
SafeUseNow [Encinitas, 2012]: SafeUseNow is a prescriber-centric risk identification and intervention solution
for combating prescription drug abuse and is developed by Principled Strategies. The company's solution uses
data, analytics, and a patent pending risk identification model to enable care organizations to identify network
providers whose prescribing behaviors may contribute to prescription drug abuse. Offers PSI Score, to rank and
stratify prescribing behavior within a care network.
Proteus Digital Health [Redwood City, 2001]: Proteus Digital Health is a technology provider to hospitals and
caregivers to monitor medicine intake and adherence. Proteus digital medicine platform includes unique
measurement tools like sensor enabled pills, a biometric sensor patch worn on the body that receives data from
sensor and sends it to cloud from where it can be analyzed using a smartphone app by doctors and caregivers.
Health Engagement
97 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (24/95)
Company
Details
Funding
Investors
$85M
Health Engagement
Pitango Venture Capital, The
Challenge Fund-Etgar, JK and B
Capital, ProSeed Venture Capital
Fund, Docor International, Bank
Hapoalim, Bridge Investment Fund,
Noaber Services, Mitsui, Welch Allyn,
Samsung Ventures
Health Engagement
WellDoc [Baltimore, 2005]: WellDoc’s flagship product, BlueStar, is a Mobile Prescription Therapy that enables
patients to self-manage their diabetes through real-time motivational, behavioral and educational coaching. The
Windham Venture Partners, Merck,
personalized coaching is provided using patented algorithms and real-time analysis of patient diabetes data.
Excel Venture Management, Adage
BlueStar, requires a prescription from a licensed healthcare provider and can be dispensed and reimbursed $64.78M
Capital Management, Samsung
through a pharmacy. BlueStar also coordinates care by helping patient’s adhere to their treatment plan while
Ventures, JNJ Innovation, TCP Venture
providing clinical decision support to the patient’s healthcare provider to optimize treatment decisions. Forbes
Capital, hudrivcap.com
selected WellDoc as one of “America's Most Promising Companies” in January 2014.
Health Engagement
Change Healthcare [Tennessee, 2007]: It helps employers or plan sponsors to optimize existing wellness
programs and on-site clinics. Change Healthcare’s Engagement Platform utilizes proprietary data analysis to
generate specific cost information, targeted savings opportunities and personalized messaging. Change
Healthcare enables consumers to understand healthcare options and make informed healthcare purchasing
decisions based on quality, cost and convenience. Its main tools are Cost Lookup, a search tool and Save Alerts,
SMS alerts. It claims to have a national client base of health plans and self-insured employers covering all 50
states.
Health Engagement
MD Revolution [San Diego, 2011]: RevUp by MD Reveolution is an app and website where customers can
connect with a team of health and wellness experts who help to track relevant health data and provide
customers with guidance and recommendations along the way, and motivate them for behavior modifications.
$33.6M
Predictive analytics is used to identify individuals that will or will not achieve desired health outcomes. It's a
service that one can join when invited by a doctor, healthcare network, or company wellness program that is
already a part of the MD Revolution network.
EarlySense [Ramat Gan, 2004]: EarlySense develops signal-processing technology. Company has developed a
sensor that is placed under the mattress and monitors body vitals as well as bed entries and exits, patient
motion, and quality of sleep eliminating the need for regularly manually checking the patients in constant care.
All the information is relayed to a central panel/ hand held device. EarlySense’s real-time delivery of actionable
data helps the clinical staff to identify potentially critical situations early.
98 Healthcare Analytics Report, July 2016
$48M
Omidyar Network, Mitsui & Co, Mitsui
Global Investment, Noro Moseley
Partners, Solidus, Sandbox Industries,
BlueCross BlueShield Venture
Partners, HLM Venture Partners,
Global Investment Partners, Hellman
& Friedman
Bootstrap Incubation, Jump Capital,
LLC, Jump Capital
Suite Solutions
Clinical
Financial
Operational
Clinical (25/95)
Company
Details
Funding
Investors
Health Engagement
Healthsense [Mendota, 2001]: Healthsense provides technology solutions to assist care providers in caring for
at-risk populations. Healthsense offers WiFi based Personal Emergency Response Systems, remote safety and
wellness monitoring. According to the company, its product eNeighbor system, utilizes a series of wireless
$32.75M
sensors to monitor individuals in their homes and automatically calls for help if it detects a possible problem.
The eNeighbor Dashboard uses a data engine to evaluate daily information, prioritize care needs and send realtime alerts if required.
Health Engagement
Ginger.io [Cambridge, 2011]: Ginger.io is a behavior analytics company and a spinoff of the MIT Media Lab. The
platform uses machine learning and data collected from smartphone & self-reported surveys to identify trends
Khosla Ventures, True Ventures,
in a patient’s health and wellness. It monitors users' mental health based on their voice intonation and calling
Kapor Capital, Eniac Ventures,
behaviour. Provides user a coach which makes a therapy plan and check user's compliance. Also, connects users $28.2M
Romulus Capital, LaunchCapital,
with the therapist when the patient trends toward a negative health outcome. The platform itself shares the
Techstars, Rock Health, Kaiser
insights with healthcare providers who can step in when it matters and care teams (such as spouses or family
Permanente Ventures, Eniac Ventures
members).
Health Engagement
Glooko [Palo Alto, 2010]: Glooko is a diabetes management solution for patients, health systems, and payer
groups. Glooko’s products enable clinicians to remotely access their patients’ blood glucose readings and other
related data, and optimize their insulin therapy. The company’s System allows people with diabetes to
download their glucose readings to their mobile device. According to the company, their population
management web app offers diabetes-centric analytics and supplies insightful reports, graphs and patterntriggered notifications to patients, health systems and payers. Partners include Abbott, Roche, LifeScan,
Medtronic, Omnipod, Bayer, Nipro, Arkray among others
Health Engagement
Sentrian [Aliso Viejo, 2012]: Sentrian, formerly known as Jointly Health, is a Remote Patient Intelligence
company. The company aspires to eliminate all preventable hospitalization by leveraging remote biosensors and
machine learning to remotely detect patient deterioration before it becomes acute. Sentrian provides a cloudbased remote patient monitoring and analytics platform intended to reduce preventable hospital admissions,
increase the efficiency and effectiveness of care teams and help improve quality metrics such as HEDIS, and Star $19.72M
ratings. According to the company, the platform is designed to integrate with existing healthcare information
systems and clinical workflows, facilitating adoption. Sentrian was awarded the 2015 North American Frost &
Sullivan Award for Technology Innovation and 2015 American Telemedicine Association's Innovation Award for
Remote Health Care
99 Healthcare Analytics Report, July 2016
$28M
406 Ventures, Merck, Radius
Ventures, Ziegler, Mansa Capital,
fchp.org, West Health
Canaan Partners, S23P, Medtronic,
Samsung Ventures, Canaan, Social
Capital
TELUS, Reed Elsevier Ventures, Tech
Coast Angels, Frost Data Capital
Suite Solutions
Clinical
Financial
Operational
Clinical (26/95)
Company
Details
Funding
Investors
Health Engagement
WiserTogether [Washington D.C., 2008]: WiserTogether is an online tool to match patients with treatments
Grotech Ventures, Harbert
that work. WiserTogether’s shared-decision tool helps consumers choose treatments based on clinical evidence,
Management, Merck, 7 Wire
personal preferences, cost, access and plan coverage. This tool claims to suggest better treatments, higher $18.21M
Ventures, Blue Heron Capital, Martin
compliance, improved health outcomes, and lower medical costs. WiserTogether’s products and other patient
Ventures
engagement services are offered through employers, health plans, and providers.
Health Engagement
VeriTeQ [Delray Beach, 2011]: VeriTeQ, formerly Digital Angel, develops and markets RFID technologies for
implantable medical device identification and radiation dosimeters for use in cancer treatment. The technology
is used by medical device companies to identify implantable medical devices from outside the body, while the
devices are inside the body, on demand, at the point of use. Such technologies are being used by medical device
manufacturers to comply with the FDA’s Unique Device Identification (UDI) legislation. VeriTeQ’s FDA approved $16.22M
and CE Marked radiation dosimeters (both wearable and implantable types are available) help radiation
oncologists, therapists and physicists ascertain the exact dosage of radiation penetrating a patient's skin at the
site of a tumor or tumor area and prevent overdoses of radiation. In 2013 the company VeriTeQ acquired
Digital Angel. In 2015 Veriteq Corp acquired The Brace Shop for an undisclosed amount.
Health Engagement
Healthloop [Mountain View, 2009]: HealthLoop provides a SaaS based care management platform and an
Founders Fund, TomorrowVentures,
analytics engine that enables medical practices to monitor patient health signs and symptoms, and
Kapor Capital, Physic Ventures,
communicate with patients during the recovery process. HealthLoop collects patient feedback and monitor $15.39M Subtraction Capital, Canvas Ventures,
status against expected progress and automatically sends alerts to the physician or provider when data indicate
Summation Health Ventures, Altos
that a patient is at risk of treatment failure, complication, or hospital readmission.
Health
Health Engagement
AiCure [New York City, 2009]: AiCure is an AI company that uses machine learning, computer vision, and big
data to accurately monitor medication adherence (using a mobile device) in clinical trials and ongoing care
settings. The patented technology uses facial recognition and motion-sensing software to observe patient $12.25M
behavior via smartphone. The patient is prompted to take medication and then does so while holding the
smartphone so the camera can verify that action.
100 Healthcare Analytics Report, July 2016
Hudson Bay Capital Management
Pritzker Group, Tribeca Venture
Partners, New Leaf Ventures,
Substance Abuse Info, ncats.nih.gov
Suite Solutions
Clinical
Financial
Operational
Clinical (27/95)
Company
Health Engagement
Details
Funding
PhysIQ [Naperville, 2005]: PhyIQ, formerly known as VGBio, is a personalized physiology data analytics platform
designed to track vital signs and detect clinically relevant changes against a personal baseline. The company
$11.91M
offers to differentiate itself by providing health updates based on a patient's own health background rather than
comparison with broader population. PhysIQ technology is an early warning platform and not a diagnostic tool.
Investors
Lionbird, ONC, cie.uchicago.edu
Health Engagement
Wellframe [Boston, 2011]: Wellframe delivers a mobile platform that amplifies therapeutic relationships to
engage patients in clinically validated, personalized care plans. The Wellframe solution combines mobile devices
and artificial intelligence with human care to provide patients with daily guidance and support, while helping
providers to identify and patient needs and manage risk more dynamically across a population and over
time.Additionally, care managers can use the information to provide more timely, up-to-date and personalized
feedback to their patients, in order to maximize patient adherence.
Health Engagement
Podimetrics [Cambridge, 2011]: Podimetrics provides a device and cloud-platform to predict foot ulcers for
diabetic patients. Patients step on the home-monitoring bath mat with sensors, that tracks blood flow patterns,
sends that data to the cloud to be stored and analyzed, and then predicts foots ulcers. The platform sends alerts $8.32M
to patients and their doctors, once a pre-ulcer is detected. Started with an idea of data-transmitting shoe insole
in Hacking Medicine conference in Oct'11. Winner of MIT $100K Entrepreneurship Competition in 2012.
$6.8M
Rock Health, Cambia Health Solutions,
HealthTech Capital, Easton Capital,
Hatteras Venture Partners, KMG
Capital Partners
Health Engagement
Wildflower Health [San Francisco, 2012]: Wildflower Health is a provider of health engagement platform to
improve healthcare quality and lower medical costs for pregnant women. Its mobile maternity program, Due
Date Plus, uses self-reported data to identify high-risk pregnancies. It helps women manage their health during
pregnancy, including directing women to programs available under their health benefits. They recently
partnered with LifeMap to launch an app called LifeMap Due Date Plus for expectant parents with short term
disability coverage.
InVivoLink [Nashville, 2008]: InVivoLink promotes collaboration between hospitals and physicians by providing
episodic data. InVivoLink collects and analyzes data on orthopedic and spine procedures and creates a national
implant registry. The registry tracks outcomes and cost data to reduce physician-preference item spend. The
company also provides a patient engagement portal that empowers recovery.
$4.9M
BlueCross BlueShield Venture Partners
Health Engagement
101 Healthcare Analytics Report, July 2016
$10M
DFJ, Rock Health, Draper Associates,
Formation 8, Life Science Angels,
Draper Associates, QueensBridge
Venture Partners, Waterline Ventures,
Asimuth Partners
Rock Health, Norwich Ventures
Suite Solutions
Clinical
Financial
Operational
Clinical (28/95)
Company
Details
Funding
Investors
Health Engagement
Sense.ly [San Francisco, 2013]: Sense.ly clinical platform that helps clinicians better manage their chronic care
patients. It provides solutions for follow-up care including telemedicine, monitoring of vitals, photo capture,
Fenox Venture Capital, Alchemist
reminders and coaching to patients. Sense.ly uses natural user interfaces to facilitate the assessment of a $3.48M Accelerator, Launchpad Digital Health,
patient’s condition and provide insights for meaningful follow-up. Sense.ly offers particular mobile platforms for
Eastlink Capital, TA Ventures
congestive heart failure, diabetes, and behavioral health.
Health Engagement
BioBeats [Berkeley, 2012]: BioBeats provides a platform which aggregates data from various wearable devices
and applies machine learning, to offer insight. Tracks the vitals like activity, breathing and sleep through tracking
device to provide real-time insights about health and stress via its app and dashboard. Also offers personalized $3.23M
insights and health coaching. Aims to provide adaptive applications to prevent re-hospitalisations, absenteeism,
and medical complications.
Eniac Ventures, Zhenfund, IQ Capital
Partners, Cantora, Eniac Ventures,
Raptor Group, Zynik Capital,
whcloud.com, AXA Strategic Ventures
Stella Maris
Health Engagement
Medtep [San Francisco, 2011]: Medtep is a web and mobile-based Patient engagement and preventive health
platform. It facilitates better outcomes by personalizing validated prevention and treatment plans. Offers two
products: uClinics - which helps healthcare professionals define and personalize different care plans for all their
$2.15M
patients and establish a fluent bidirectional communication with them, and uPatient - which helps patients
access personalized treatment and prevention plans for lasting behavioral change. Claims to have helped over
120000 users worldwide achieve lasting behavioral changes.
Health Engagement
My Own Med [Bethesda, 2013]: MyOwnMed is a customizable digital platform and mobile health app that
captures between-visit patient health data, while bringing patients, doctors and caregivers together as partners
in their care. An advanced analysis engine allows users to dig deep into aggregate patient data to review
potential cost-savings, learn about patient experiences, and gain a deeper understanding of consumer markets.
MyOwnMed's mobile app and web platform include communication and collaboration tools for patients and
caregivers. It will offer both real-time communication tools and asynchronous trackers. The app is yet to launch.
MyOwnMed also plans to help its users form communities through it platform based on shared characteristics
such as demographics, disease states, location, etc. It will also host a question and answer feature. Founded by a
Medical industry veteran who worked at FDA, UCSF and Immune Tolerance Network.
102 Healthcare Analytics Report, July 2016
$1.9M
Suite Solutions
Clinical
Financial
Operational
Clinical (29/95)
Company
Details
Funding
Investors
$1.5M
The eCoast Angel Network, Walnut
Venture Associates
Health Engagement
Senscio Systems [Boxborough, 2009]: Senscio Systems offers an artificial intelligence based inference engine,
Scio, that collects data and draws inferences in real time and a healthcare application, Ibis, that uses the
inference engine to help individuals better manage their chronic illnesses. Features offered on Ibis: CareStation,
a touchscreen device that provides reminders for care-plan items; Wearbler Activity Sensor Suite, a sensor to
monitor and learn activity routines, detect anomalies, and issue alerts; CarePortal, a web application for care
teams; and the AI engine that detects declining health.
National Research Foundation
Singapore, Joyful Frog Digital
Innovation, Gree Ventures, Sublime
IP, Wavemaker Partners
Health Engagement
Healint [Singapore, 2013]: Healint is a digital-healthcare analytics company based in Singapore. Healint’s
smartphone app captures patient behavioural data passively and gives physicians a dashboard of key diagnostic
indicators between visits. Migraine Buddy, the company's first product launched in 2014, is a smartphone app
$1.36M
that uses passive sensor readings from mobile phones, external data sources, and user input to help patients
better understand their migraine condition. The company claims a migraine onset prediction of close to 90
percent.
Frost Data Capital
Health Engagement
Penzata [San Juan Capistrano, 2014]: Penzata offers a suite of solutions that help HCOs aggregate, analyze,
measure, predict and track individual member health. The company's Penzata Personal Health Platform (PHP)
uses data extraction, analytics and cognitive learning to transform claims, medical records, labs, prescriptions
$1.18M
and other individual data into actionable insights. The company claims its analytics platform is used to optimize
individual engagement, care coordination and case management among payers, providers, clinicians and
individuals.
Moving Analytics [Marina Del Rey, 2013]: Moving Analytics develops smartphone-based digital therapies for
chronic disease management. Their flagship product is Movn, a tele-health platform that enables cardiac rehab
$1.17M
centers deliver home-based programs to patients through their smartphones/tablets using a physical activity
tracker and smart reminder. Movn is free and available for Android.
Blueprint Health, Launchpad Digital
Health, HealthX Ventures
Health Engagement
Health Engagement
iDAvatars [Mequon, 2013]: iDAvatars, formerly Geppetto Avatars, uses Artificial Intelligence, Natural Language
Processing and analytics to build a virtual character that can identify gesture, expression, tone and context of
the person with whom the character is interacting. The platform provide a way to help nurses and doctors
$1.14M
between patient appointments. Sophie, the company's flagship avatar platform, asks patients a series of
questions regarding sleep, diet, and emotional state. The application is mainly intended for children, senior
citizens and veterans. iDAvatar is a partner in IBM Watson Ecosystem. It works on Android & iOS mobile devices.
103 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (30/95)
Company
Details
Funding
$1.1M
Health Engagement
JOOL Health [Ann Arbor, 2014]: JOOL Health offers a mobile health solution that uses big data acquisition,
analysis, and predictive modeling to offer a personalized tool for promoting health and well-being in
organizations. For individuals JOOL's prediction engine helps in self-discovery, acts as a health coach delivering
personalized behavioral health tips to its users and a goal-setting and monitoring companion. The company
claims its tool helps organizations capture capture quarterly health risk data and improve long-term program
engagement and positive behavior change.
Health Engagement
Health123 [Seattle, 2011]: Health123 is a cloud platform providing a mobile and web applications to healthcare
providers to engage patients through out their treatment. It provides organized content, customized care plans
to patients along with direct connections to their care team. They ingest clinical, biometric, unstructured, and $1.02M
self-reported information to create a customized map for every person through their APIs. It includes mobile todo lists synced to the care team, messaging, and session support, in their collaboration tool-set.
$1M
Health Engagement
Next Health Technologies [Denver, 2013]: Next Health Technologies is a health care analytics SaaS platform and
services provider that offers to recommend, manage and optimize consumer engagement. NextHealth
Technologies aims to drive measurable consumer behavior change using a predictive analytics platform,
behavioral economics, and omni-channel consumer engagement techniques to predict risk and prescribe
personalized member-level actions or "nudges" to improve outcomes. NextHealth's customers include health
plans, accountable care organizations, hospitals, and Medicaid providers.
$1M
Health Engagement
NavisHealth [Santa Clara, 2010]: NavisHealth delivers on-demand, Healthcare Cloud Solutions that include:
Engage, a mobile patient engagement solution for hospitals; Compliance Manager, a cloud-based, on-demand,
analytics and reporting solution designed for Clinical Quality Measures (CQM) and Core Measure reporting; and
Steamline Analytics, an analytics and reporting service that aggregates financial, operational and clinical data
and transforms it into actionable dashboards, benchmarks and metrics-driven analytics.
Somatix [Herzliya, 2015]: Somatix is a healthcare data analytics B2B software platform. Their product,
SmokeBeat, is a mobile app that detects smoking in real-time. Their tech records real-time recognition of ‘hand
to mouth gestures’ using sensors that exist on every wristbands and smartwatch, and processing pattern
recognition algorithms on cloud-based servers.
$750K
Health Engagement
104 Healthcare Analytics Report, July 2016
Investors
Point B Capital
Dreamit Ventures
Suite Solutions
Clinical
Financial
Operational
Clinical (31/95)
Company
Details
Funding
Investors
$750K
National Institutes of Health
Health Engagement
Polaris Health Directions [Wayne, 1997]: Polaris Health provides cloud-based platform, Polestar, for behavior
health management, for chronic disease patients. The platform incorporates a predictive analysis tool, which
generates insights on behavior health data input by the patient, and suggests relevant actions. Provides services
to doctors and health systems. Partnered with MD Anderson Cancer Center on Breast Cancer Pilot Project, using
the Apple Watch.
$610k
Health Engagement
4D Healthware [Chicago, 2011]: 4D Healthware is an integrated data solution for chronic disease management
and prevention, driven by a device agnostic platform that utilizes applied analytics in the cloud. It uses data
sourced from activity trackers, wireless scales and wearable biometric sensors to deliver care plan
recommendations. Its platform is HIPAA compliant and its subscriptions are covered under chronic care
management and are eligible for physician reimbursement as well. 4D Healthware was a semi-finalist in Mayo
Clinic's Think Big challenge.
$500K
Health Engagement
SensAura Tech [Montreal, 2014]: SensAura is a real-time emotion recognition PaaS using one or multiple
biosignal modalities. It can be linked to any wearable devices on the market that includes at least one biosignal
sensor.
The machine-learning-enabled software converts biometric signals (heart rate and
skin conductivity) into excitement and affability coordinates, which can be translated into emotions. Claim to
leverage novel AI methods and new modalities in their solution which is able to accurately predict a user’s
emotions and has ability to adapt with time. Not focusing on a specific field of application and offering the
software as a platform to link compatible wearable devices for potential real life applications.
Cladoop [Delaware, 2012]: Cladoop combines deep learning, computer vision, bigdata, cloud and wearable
computing to measure and analyze emotional and behavioral health of children during their interaction with the
clinical stimuli. The interaction is analysed for emotional competence, attention, hyperactivity, impulsivity, focus
and interests and the analysis can be used to pre-screen for Autism and ADHD
$500K
Health Engagement
105 Healthcare Analytics Report, July 2016
TandemLaunch
Suite Solutions
Clinical
Financial
Operational
Clinical (32/95)
Company
Details
Funding
Investors
$415k
Center for Innovative Technology
Health Engagement
TypeZero Technologies [Charlottesville, 2013]: Typezero products help in diabetes management by providing
smartphone based solution that automatically controls insulin delivery, reduce a patients' average blood sugar
level while simultaneously reducing a patient's risk of hypoglycemic events. Advice solutions provide real-time
recommendations for meals, basal rates, bolus calculations and exercise decisions. It also has a cloud based
analytics and support system to provide real time monitoring and notifications and analytics. The solutions will
be used in a large scale NIH sponsored ($12.7 Million) clinical study by University of Virginia.
Snap40 [Glasgow, 2014]: Snap40 is a healthcare technology company that interprets data obtained from its
wearable device to detect patterns that can pre-empt deterioration in patient health. The company claims to
identify high-risk patients far in advance of deterioration and provide healthcare staff with early warning
notifications. It won £40,000 in the Scottish EDGE Awards in December 2014. The product is yet to be launched.
$372K
Health Engagement
Health Engagement
Owl Insights [Kirkland, 2011]: Owl Insights offers a cloud-based behavioral health and analytics platform that
enables healthcare providers to assess their patient’s behavioral health status and monitor progress throughout
the course of treatment using patient-reported outcomes. Features include: Screening new and prospective
$333.33k
patients for behavioral health problems; Measurement tailored to patients’ specific disorders; Automatic
scheduling, scoring, normalizing and charting of patient-reported outcomes with clinical decision support tools;
and Measuring patient, clinician, and clinic performance and optimize utilization.
$295k
LaunchHouse
Health Engagement
CompassMD [Cleveland, 2012]: CompassMD offers a patient-doctor compatibility tool that matches patients
with the right doctors based on characteristics identified through the company's Healthcare Personality
Assessment. The company claims that by facilitating better doctor-patient matches, it helps providers, payers
and consumers to reduce the number of wasted doctor visits. CompassMD can be integrated into the existing
websites and/or patient portals of payers and providers. The company uses a white label approach for their
software.
$250k
V VENTURES
Health Engagement
burstIQ [Denver, 2015]: BurstIQ offers a cloud-based data aggregation platform for providers and patients.
BurstIQ's platform syncs data from mobile devices and sensors, integrates all of the information it collects into a
common analytics model stored in the cloud, and then aims to make sense of the data. As the program learns
more about a user, it will adjust its insights to adapt to the user's behavior patterns and characteristics. The
company spun out of 10.10.10 accelerator and lists IBM, MongoDB, Prime Health, Cloudera, and OpenStack as
its partners.
106 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (33/95)
Company
Details
Funding
$250K
Health Engagement
Oculus Health [Cambridge, 2014]: Oculus Health offers a cloud based digital platform that allows users to
manage their personal health and care using data analytics and decision support tools. It provides health
coaching services for individuals and their families, care giver access, reminder systems, online record storage
and mobile messaging. Oculus Health is a HIPAA compliant solution and can be connected with existing EMRs.
Oculus Health is under the guidance of Blueprint Health accelerator. The company caters to individuals,
providers and .
$231K
Health Engagement
Magnea [Stockholm, 2015]: Magnea is a healthcare startup that has developed a wearable sensor that uses
artificial intelligence to recognize typical movements of patients and seniors. The company's cloud-based
software analyzes patient data and sends the relevant info to the caregiver. The company has signed Attendo
and Karolinska Institutet as its customers and its first product, Magnea Care, launches on March 29th, 2016.
Also offers Magnea Motivate, a motivational tool
$220K
Startupbootcamp
Health Engagement
Boundlss [Perth, 2013]: Boundlss is a technology company that analysis behavioural patterns of the different
set of population. The analytics platform spots the key patterns of different teams and provides personalized
recommendations for living healthier lives and improve efficiency. Have built a prediction and recommendation
platform that draws on mobile data (location, movement, communication), social network data, and wearable
self-tracking technologies, to provide powerful performance insights.
$200k
Health Tech NYC
Health Engagement
SenseHealth [New York City, 2012]: Sense Health gives healthcare providers a tool to efficiently and effectively
increase patient support in between appointments. They help providers create, deliver, and monitor support
scripts delivered to their patients via text messages. They have scripts which improve patient outcomes and
drive provider communication efficiency. They allow doctors to make standard templates which can be used to
save time while responding to patient queries.
Healthy Humans [Wayne, 2009]: Healthy Humans is a healthcare SaaS platform that connects patients and
caregivers and enables doctors to encourage, and track patient progress. The platform aggregates data from
systems like EMRs, PMs, Patient Portals and provides warning indicators for patient non-compliance. The
company claims its solution helps providers reduce their readmission rates.
$150k
BFTP
Health Engagement
107 Healthcare Analytics Report, July 2016
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Suite Solutions
Clinical
Financial
Operational
Clinical (34/95)
Company
Details
Funding
Cloud 9 [Austin, 2013]: Cloud 9 psych provides Telepsychology services. Its offerings include mobile mental
health assessments, behavior pattern tracking, video talk therapy sessions, scheduling and payments. It also
offers collaboration services to clinics and other healthcare organizations for all mental health counselling
services.
$150K
$140k
Health Engagement
Vheda [Columbia, 2013]: Vheda Health increases compliance for unmanaged chronic patients by giving them
attention. Their smartphone-based intensive intervention combines live and video visits with a Vheda care
team, remote monitoring from biometrics and behavior change modification. By automating care plan
adherence tracking, they estimate to save upto $15,000 per prevented hospitalization as opposed to $500 from
conventional SMS and letter messages. Howard County Economic Development Authority awarded them with
Healthcare Technology Company of the Year 2014. Startup Health identified them as one of the 2014
Healthcare Transformers.
Health Engagement
ACE Health [Dublin, 2010]: ACE Healthcare provides a patient engagement and feedback software which
enables patients to provide feedback on their progress in treatment and at the point of care. Its product,
OpenFIT predictive analytics provides patient insights that are used by clinicians to improve patient
engagement. OpenFIT helps patients to self manage their chronic condition. It also provides a set of APIs that $122.67K
allows data to be shared with almost any existing Case Management System, EHR or Patient Management
System. It also generate reports on clinician and agency quality by automating the delivery and scoring of
healthcare assessments before, during and post treatment
Health Engagement
Optus Health [Hong Kong, 2015]: OPTUS is a platform that allows providers and payers to offer online
consultations, manage patients, and analyze data. The company uses analytics to optimize their clients' revenue
and operations. The consultations provided using this platform can be via live video, audio or text. The platform
works either on a smartphone, PC or tablet and allows the users to customize features based on their
requirements.
Health Engagement
108 Healthcare Analytics Report, July 2016
$120K
Investors
The Iron Yard, TEDCO
Suite Solutions
Clinical
Financial
Operational
Clinical (35/95)
Company
Details
Funding
Investors
$100K
Bridge 37 Ventures
Health Engagement
X2AI [Amsterdam, 2014]: X2AI uses artificial intelligence to help psychologists monitor, remind and actively
care for their patients. Tess, X2AI’s psychological AI, holds conversations with mental health patients,
administering psychotherapy and providing psychoeducation through existing technology-based
communications, including SMS, WhatsApp and web browsers. The software can be used to provide mental
support within a hospital setting, help patients adhere to medication and for behavioral therapy.
Medivantix Technologies [Miami, 2011]: Medivantix Technologies was a healthcare information technology
company that provided software products which offered clinical business intelligence to healthcare
organizations. The company's CliniFacts suite of tools alowed hospitals to manage post-acute quality of care,
and provided decision-support during discharge planning. The company was deadpooled in 2012.
$100k
$100k
Health Engagement
Innovate Wireless Health [Austin, 2009]: Innovate Wireless Health’s (IWH) RxMinder, is a platform designed to
increase medication compliance. It provides chronic disease patients with medication reminders and allows
them to confirm or deny their adherence using a mobile. It supports care givers with prescription tracking,
messages,alerts and to communicate with patients through video conferencing, text chat and phone. Data
analytics is used to identify non-compliant patients. The platform helps hospitals and health systems to improve
patient outcomes and reduce hospital re-admission rates.
$50k
Healthbox
Health Engagement
Varsa Health [Chicago, 2014]: Currently in pre-launch Varsa Health is a platform for data analytics in behavioral
health. The platform makes it easier to gather data from patients via clinically validated surveys, wearable
devices, and the patient's circle of care. In turn, they provide the data to clinicians and care managers so they
can better intervene with patients in need of assistance, as well as track patients along the continuum of care.
Varsa Health is a Healthbox portfolio company.
$50K
Relevant Health
Health Engagement
Agewell Biometrics [Baltimore, 2013]: Agewell Biometrics uses wireless biometric sensors and data analytics to
reduce avoidable injuries such as falls in the elderly. The in-development platform, loaded into a mobile device,
would pick up cues from sensors. Agewell is developing a predictive data analytics platform which uses the
sensors in modern mobile devices to determine risk of falling among seniors. Agewell's algorithms help
determine risk factors such as abnormal gait to identify the best individual treatment for fall prevention. The
team joins Relevant Health from Baltimore, MD.
Health Engagement
109 Healthcare Analytics Report, July 2016
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$25k
Health Engagement
Attention Point [Roanoke, 2012]: Attention Point develops and provides Web-based assessment tools to help
clinicians provide diagnoses for their behavioral health patients. The company offers DefiniPoint, an online
attention deficit hyperactivity disorder assessment tool that helps clinicians gather information from parents,
teachers, and others. It offers DefiniPoint for the evaluation of ADHD in children. Algorithms of DefiniPoint
enables clinicians to combine results from multiple informants and multiple test together to give a more
accurate picture of the child's ADHD symptoms.
FitSense [Singapore, 2015]: FitSense helps healthcare and insurance organisations using wearable technology
and data analytics. Its first product is a white-label, device-agnostic mobile application that allows customers to
easily and securely track and share physical activity data in order to improve their health and save money.
$17k
$1.03K
Health Engagement
HealthReveal [New York City, 2015]: HealthReveal provides a cloud-based, digital health solution that analyzes
in real time, the health of at-risk patients and provides evidence-based diagnostic and treatment guidance.
Health risks are detected through continuous monitoring of chronic disease patients. It tracks physiologic data
generated by wearables and implantable devices, direct patient input data and electronic health records
sources. Insights generated by these data are used by clinicians to prevent adverse patient outcomes
Health Engagement
Gociety Solutions [Eindhoven, 2012]: Gociety Solution provides a remote care solution for elderly citizens. The
solution includes activity monitoring, fall detection, fall risk analysis, geo-fencing, caregiver integration and
remote management. The app turns a client's smartphone or wearable into an intelligent mPERS. Caregivers get
an automatic notification when the client falls, gets lost, is inactive for longer periods of time. It continuously
runs trend analyses, searching for abnormalities in the client's physical parameters and behavior. Real-time
insights into health-related metrics allow for early indicators and remote continuous care. Solutions include:
GoLivePhone App, GoLiveAssist and GoLiveWear. Partners include: Samsung and Fraunhofer.
Investors
Startupbootcamp
Health Engagement
110 Healthcare Analytics Report, July 2016
Aging2.0
Suite Solutions
Clinical
Financial
Operational
Clinical (37/95)
Company
Details
JMI Equity Fund,
www.bulgerpartners.com
Health Engagement
Capsule [Paris, 1997]: Capsule is a medical device integration solutions provider for hospitals and healthcare
organizations which collects, normalizes and analyzes medical device data. Features included in the company's
SmartLinx Medical Device Information System: Connect, collects and normalizes data from 18 different device
categories; SmartLinx Vitals Plus patient monitoring system, integrates vital signs monitoring, clinical
documentation and connectivity into a single device and SmartLinx IQ, an analytics solution that offers clinical
and operational insight. The company offers 510(k) cleared software and medical grade hardware products.
Acquired by QualCommLife in Sept, 2015.
markedsmodningsfonden,
Innovationsfonden
Health Engagement
Monsenso [Copenhagen, 2013]: Monsenso is a Copenhagen based e-health company that offers mobile
solutions to help optimize the treatment of mental disorders. The company's mHealth platform developed for
clinics and hospitals, provides an overview of a patient’s mental health through the collection and analysis of
behavioral data and self-monitoring. It can be customized to support mental diseases, such as bipolar disorder,
depression, schizophrenia, and borderline. Monsenso helps identify behavioral patterns and medication issues,
and supports communication and information flow between patients and clinicians in real time. Healthcare
professionals can use the cloud-based 'mHealth' service to monitor patients, check warning signs and offer
treatment. The patients, after self-assessing their symptoms on the smartphone app, receive regular feedback
from their healthcare provider. The historical health and behavioural data collected from individuals can be
analysed to predict illness development and mood forecasting.
Kytera [Plano, 2012]: Kytera develops remote monitoring solutions based on contextual activity analysis
technology. The system tracks a senior citizen's activity patterns and uses cloud-based big-data analytics to
understand daily routine, detects distress situation, and alert caregivers. Kytera graduated from the Microsoft
Ventures Accelerator program in November 2013.
Microsoft, Terralab Ventures
Health Engagement
111 Healthcare Analytics Report, July 2016
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Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (38/95)
Company
Details
RoundGlass Partners
Health Engagement
Obeo Health [Burlingame, 2014]: Obeo Health is a healthcare technology company that provides a platform for
employees to engage with their health. The platform uses prescriptive analytics and personal health data to help
employees evaluate, manage and understand their healthcare needs. It provides a graphical view of healthcare
bills, benefits and expenses and displays the predicted costs and personalized ratings for each plan to the
employee. The platform also alerts the employee about potential overpayments and out-of-network charges
that might be negotiable. Obeo health claims that by providing reliable information about medical costs,
coverage and billing it helps improve health and financial outcomes. The employees can access these tools
through their employers' benefits programs. Round Glass partners, an investor of disruptive health startups has
invested an undisclosed amount.
SPARK Venture Management
Health Engagement
OBS Medical [Abingdon, 2000]: OBS Medical (Oxford BioSignals), a spin-out from Oxford University, was formed
to develop predictive algorithms for identifying instability in patients. Visensia analyses and interprets the
patterns of vital signs collected from bedside monitors and ambulatory devices to generate a single earlywarning index. The Visensia Safety Index includes features like early detection of patient deterioration; Medical
Home monitoring for patients with long term conditions such as Diabetes, COPD and BP. Other products include:
BioQT Cardiac Safety with Confidence, a fully automated ECG software tool for measuring QT prolongation.
Tekes
Health Engagement
Noona [Helsinki, 2014]: Noona Healthcare previously known as Adelmann Healthcare Solutions is a mobile
service that gives cancer clinics a real-time holistic view of their patients’ wellbeing. The company claims to
improve the quality of cancer patient care and make the patient-clinic relationship more personal and
meaningful. Noona uses algorithms, automation and analytics for identifying acute symptoms in patients and
alerting clinical staff; for providing self care instructions for less severe symptoms and for providing a
personalized care. Noona also offers symptom reporting for patients and a dashboard for clinical staff to track
performance indicators. Currently, Noona provides its solution only for breast cancer recovery.
Health Engagement
RoundingWell [Nashville, 2011]: RoundingWell is a web-based patient engagement and clinical decision
support solution delivered to patients as they are engaged by their clinician team in the management of chronic
conditions. RoundingWell’s focus on a variety of areas: discharge instruction understanding, medication and
appointment adherence and symptom awareness. RoundingWell applies patient responses and feedback
against proprietary algorithms to identify the early warning signs of risk (medication non-adherence etc.) and
then delivers this information into clinician hands helping them to take informed, clinically appropriate, and
cost-effective steps to manage a patient’s health.
112 Healthcare Analytics Report, July 2016
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Health Engagement
Details
Veedata [Toronto, 2015]: Veedata is developing an enterprise platform for health and life insurers to manage
and analyze data from multiple wearable devices owned by their customers. It offers one connection and easy
access to wearable data that can be used for accelerating strategic business initiatives by incentivising its
members to follow active lifestyle.
Health Engagement
Memora Health [Boston, 2015]: Memora Health is a digital health company developing an ‘intelligent’ mobile
messaging and analytics platform to improve chronic disease management. Hospitals and clinics can use the
platform to automate the process of helping patients remember their medication and appointment schedules,
improve self-care of chronic illnesses, and receive feedback from patients on their well-being through
personalized text messages. Physicians can use the web-based analytics platform to personalize treatment plans
based on patient feedback. Pharmaceutical companies can utilize the platform to run clinical trials and to get
patient feedback on drug side-effects outside an isolated clinical setting.
Health Engagement
CipherHealth [New York City, 2009]: CipherHealth is a patient engagement company that uses predictive
analytics to analyze clinical data and improve quality of care. The CipherHealth EVOLVE suite of technology
solutions include -- Echo, tool for discharge instruction adherence; Voice, post-discharge follow-up program;
Orchid, nurse rounding tool used on a smartphone; Link, wearable technology that tracks patient progress postdischarge and View, a care management platform. The company claims to help hospitals reduce readmission
risks. It caters to providers, payors and patients.
Health Engagement
Sleep ASAP [Jerusalem, 2015]: Sleep ASAP (Art, Science, Awareness Platform) is a crowd sourced platform,
based out of Jerusalem, that helps people suffering from sleep difficulties. The platform uses deep learning
algorithms to find a link between a persons personality and their sleep patterns. The app analyzes the sleep
symptoms and personality of a person, identifies a personal sleep profile (SleepDNA) and creates an
individualized treatment plan. The methods suggested for sleep improvement are based on methods that have
helped people with a similar profile. They also act as a bridge between sleep strugglers, sleep experts and the
academic world.
113 Healthcare Analytics Report, July 2016
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Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (40/95)
Company
Health Engagement
Details
Salusity [Boston, 2015]: Salusity is a patient engagement and remote monitoring platform that turns biometric
data into an actionable disease summary for providers, patients and families. The platform combines data
gathered from fitness trackers and patient reported symptoms with medical knowledge to identify signs of
declining health. The platform can be used to predict and prevent a medical emergency.
Health Engagement
HexCare [Los Angeles, 2014]: HexCare is a preventative solution that enables patients and doctors to detect
health issues through data contextualization. The company's digital platforms collect and analyze data from
sources like health surveys, symptom trackers, medication use, wearables, and EHRs. HexCare provides doctors
with access to aggregated patient data and combines a suite of data visualization tools with analytics to support
improved healthcare outcomes. The company's flagship product is Hexcare Research.
Health Engagement
Triventis [Neptune City, 2015]: Triventis Health is a healthcare solutions company that combines a diagnostic
tool which uses a predictive analytics engine with a low cost device. The company allows providers to stay in
contact with their patients between visits and promotes population health management. Triventis Health is a
collaboration between Wanda Health (a subsidiary of NetScientific) and iMPak Health. The company markets
Wanda Health’s data analytics and iIMPak’s remote monitoring devices. It tracks trends, predicts unexpected
events and creates alerts for timely interventions.
Health Engagement
SympaScope [San Mateo, 2015]: SympaScope, a company founded in 2015, is developing a wearable that can
provide information of a person's mental health. The company aims to change the way mental heath disorders
are detected and how the treatments are evaluated. It offers to provide quantitative insights about a patients’
mental health conditions using data from autonomic nervous system (ANS) and the patients' behavior. The
company is currently in development phase and is in stealth mode.
Health Engagement
Lygics [New York City, 2015]: Artificial Intelligence based communication platform for healthcare providers.
Platform can converse with patients through phone and text to verify insurance eligibility, schedule
appointments, and create and update electronic medical records. This helps medical providers reduce time
spent in checking insurance eligibility and ensures payers get clear idea of treatment expenses. As of Oct 2015,
the company is in stealth mode.
114 Healthcare Analytics Report, July 2016
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Health Engagement
Bluestar Diabetes [Baltimore, 2005]: BlueStar, a flagship product of WellDoc, provides mobile app for patients
with type 2 diabetes, to track and manage their disease condition. Patients undergo an initial training with the
platform and get contacted by BlueStar pharmacist, once their doctor forwards the prescription to BlueStar
customer care and pharmacy. Patients can keep track of their blood glucose levels, medications, diet, and
exercise using the platform, and see the patterns in their behavior. The platform gives feedback and motivation
along with helpful messages and education tips, based on the information entered by the patient. Also allows
patients to share the progress with their doctors.
Health Engagement
Noona [Helsinki, 2014]: Noona Healthcare previously known as Adelmann Healcare Solutions is a mobile service
that gives cancer clinics a real-time holistic view of their patients’ wellbeing. The company claims to improve the
quality of cancer patient care and make the patient-clinic relationship more personal and meaningful. Noona
uses algorithms, automation and analytics for identifying acute symptoms in patients and alerting clinical staff;
for providing self care instructions for less severe symptoms and for providing a personalized care. Noona also
offers symptom reporting for patients and a dashboard for clinical staff to track performance indicators.
Currently, Noona provides its solution only for breast cancer recovery.
Health Engagement
Personso [Delhi, 2015]: Medical internet of things and data analytics startup. Portable smart health monitoring
device. Has 8 non-invasive and 1 invasive medical sensors. Claims to monitor ECG, EMG signals, pulse & oxygen
functions, body position, temperature, blood pressure. Smart medical platform can be used to find doctors as
per need like dentists, respiratory therapists, nutritionist, cardiothoracic surgeons, etc. Claims to offer features
like integrated connected clinical environment, real time remote health monitoring, automatic appointments,
geolocation based medical support listings, electronic health records analysis, artificial intelligence clinical trials,
data visualisation. Yet to launch as of Mar 2016, though one can sign up to try beta release.
Health Engagement
Wanda Health [San Francisco, 2011]: WANDA Health is a remote patient management and analytics company
for primary care patients with chronic diseases. The Remote Monitoring System (RMS) channels data from
patients’ home to the WANDA predictive analytics platform which provides actionable information to clinicians.
WANDA Health uses machine learning to assign Congestive Heart Failure patients a personalized risk score.
115 Healthcare Analytics Report, July 2016
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Suite Solutions
Clinical
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Operational
Clinical (42/95)
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Health Engagement
Aware Engineering [Zurich, 2013]: Aware Engineering, based out of Switzerland, provides a SaaS platform for
physicians and patients to track treatment adherence by monitoring the status of a patients' FDA approved
devices. The aE system enables adherence reporting for multiple devices using a bluetooth enabled sensor that
is connected to the cloud. Features include: Predictive insights, real-time tracking, visualization dashboard and
device performance monitor. Aware is a graduate of the Massachusetts Biotechnology MassCONNECT
mentoring program.
Health Engagement
Diabetes-Cure.me [Berlin, 2014]: Diabetes-Cure.me offers a cloud based diabetes management platform that
monitors blood sugar level and uses analytics and alerting systems to improve the lives of people with diabetes.
According to the company, the product motivates, simplifies and enables self-management of diabetes, while it
creates a real-time connection between the patients and the doctors. The company's “Sugar Guard” software
does not measure the blood sugar, but uses the data provided from various tools to identify the possible insulin
adjustments and be a better reference in the doctor-patient relationship. The company is currently developing a
pain-free non -invasive diabetes management device that can be used as a wearable
Health Engagement
eCaring [New York City, 2000]: eCaring is a tool that allows providers to remotely monitor their patients from
their homes. The tool uses intuitive icon based input methods for the users to record their daily activities. Its
analytics platform helps identify deterioration signs early and helps providers intervene. The activities recorded
on the platform include a patient's physical and mental state, eating, bowel movements, vital signs, medication
adherence, and other critical information. The tool is targeted at the elderly and patients with chronic diseases.
Health Engagement
Kidopi [Ribeirao Preto, 2009]: Kidopi is a UN award winning healthcare technology company based out of Brazil
that develops BI solutions for health. The CleverCare system of Kidopi, uses machine learning algorithms and
artificial intelligence capabilities to allow communication with patients who require continuous physician
monitoring. Questions are sent out via SMS, on the development of symptoms, medication schedule reminders
and appointments. In September 2015, Kidopi was awarded the title of best computer software in health in
Brazil at a premium of the United Nations (UN) for its Clever Care platform.
116 Healthcare Analytics Report, July 2016
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Health Engagement
Livzo [Corte Madera, 2014]: Livzo is a cloud-based mobile and web-based solution for corporate wellness and
preventative health services. Livzo is an employee engagement platform, that helps employees track their
health and wellbeing using data from fitness and wearable devices. Users can track and analyze their health
performance with lifestyle analytics and doctors feedback/ recommendations. It also offers a social platform for
Users to connects to their peers, interest groups, health professionals network and permanent doctors.
Health Engagement
Klio Health [Boston, 2014]: The Klio system is a secure, web and mobile-enabled system with both provider and
patient-facing interfaces that allows customers and partners to integrate with one or all three product modules
namely Klio CarePlan, Klio Assessments, Klio Engagement to work with existing electronic medical record,
population health, or care coordination solutions in a vendor-agnostic manner.Klio CarePlan generates
personalized care plans by applying analytics to a patient’s medical history and demographics. Klio Assessments
collects and processes patient-generated health data as well as data streams from third-party apps, wearable
devices, and sensors. And Klio Engagement is A rules engine that processes this data and provides
contextualized feedback to the patient and provider.
Health Engagement
Holmusk [Singapore, 2014]: Holmusk is a digital health platform that uses big data to tackle chronic diseases
and influence positive health outcomes. The platform monitors user data and learn from the trends of their
health. Data is collected from personal health records, medical and fitness devices, as well as traditional sources
such as medical records. With prediction engine and other tools like analytics, visualization, prediction, and
signaling, the platform recommends lifestyle changes before the condition worsens.
Abakis [Port Coquitlam, 2012]: Abakis is developing software for the collection and analysis of autism
treatment data, to help individuals with Autism and the intervention teams delivering care to them. This will
provide the intervention teams with greater visibility into which treatments are most effective for each patient.
Health Engagement
117 Healthcare Analytics Report, July 2016
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Health Engagement
Jastr [New York City, 2015]: Jastr provides hardware and software services to healthcare systems and insurance
payers, for predictive analysis of chronic diseases and health-finance management. Currently catering to solve
chronic issues like orthopaedic disorders, neural disorders and geriatric care. Available to consumers as
wearable & sensor, along with free mobile application features, software technology, cloud based storage, and
consumer accounts.
Health Engagement
Hunhu Healthcare [Minnesota, 2014]: Hunhu is a mHealth company that provides support to individuals living
with chronic health care needs. The company is based on the principle that individuals with good support
networks need less care, stays healthier, and are less likely to return to a hospital. The company claims that its
technology, Hunhu Connect and Hunhu Analytics, helps a person connect to the right individual and right
resource at the right time. Hunhu uses data from a persons social activity and analytics to enable patient
segmentation and risk management, provide personalized care and give real time decision support.
Health Engagement
VitaCloud [Bangalore, 2016]: Vita Cloud offers a electronic health record and analytics platform called The
Human Hub which stores vital health metrics such as data from fitness tracker, medical devices, clinical records,
environment and academic research. Offers a gateway for integrating digital health content into the Human
Data Hub called VitaConnect and an analytics engine called VitaBytes for providing insight-driven digital
solutions and services. Currently offers a Smart Health Monitoring solution continuous monitoring of chronic
conditions and plans to launch corporate wellness tracker and health insights.
Health Engagement
ImagineCare [Lebanon, 2015]: ImagineCare, developed at Dartmouth-Hitchcock, is an evidence-based mobile
health app. ImagineCare creates a patient profile using data from wearables and home sensors, behavioral
health assessments and sensing, and ongoing health risk assessments. The company's software platform uses
Clinical care pathways paired with advanced analytics and machine learning to arrive at the patient risk profile.
The company uses Microsoft's, Cortana Analytics to power its app.
1healthy.world [Washington D.C., 2016]: 1healthy.world offers 1healthy.ai which is an Artificial Intelligence
driven chatbot that helps optimize patient scheduling, improve patient experiences, and reduce denials and
labor costs. The company is in Stealth mode as of June 2016.
Health Engagement
118 Healthcare Analytics Report, July 2016
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Operational
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Company
Details
Cogniant [Singapore, 2015]: Singapore based Cogniant provides services about behavioral health, patient
enablement by implementing big data. It provides a clinical interactive dashboard with continuous updates on
patient condition. It enables epidemiological view of patient condition and deep learning of patient behavior.
Health Engagement
HealthRhythms [Cambridge, 2014]: HealthRhythms uses data from multiple devices like smartphones,
wearables, IoT etc. to capture everyday routines and then applies machine learning and predictive analytics to
provide assessment and actionable clinical information in regards to mental health care.
Health Engagement
Health Engagement
Health Engagement
Vivametrica [Calgary, 2013]: Vivametrica is a Canada based predictive health analytics company that analyzes
data from wearable sensor devices for the assessment of health and wellness. The company pulls data from
smartphones and wearable fitness devices, to provide users with specific, actionable health advice, based on
others who are similar in age, sex, health status, fitness level, geographical location. The company claims that its
platform delivers a standardized approach to data collection and management, bridging the gap between
wearable fitness applications and actionable data. Vivametrica was created by physicians and researchers and
caters to consumers, enterprises, healthcare and researchers. Vivametrica was presented with the 'Top Venture
Capitalist Prospect Award' and the 'One to Watch Award' by Startup Calagary.
TelePro Health [Boston, 2015]: TelePro Health is a Personalized Predictive Telemedicine provider which equips
doctors with a platform with online video visits, multi-functional workflow, and predictive analytics for
personalized care. It combines clinical and consumer data into real-time health status and risk profiles to
generate automated decision support for physicians and predictive wellness guidance for consumers.
119 Healthcare Analytics Report, July 2016
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Health Engagement
Medann [Vancouver, 2014]: Medann has developed wall mounted sensors with machine learning algorithms
for patient monitoring. Sensor is capable of detecting medical events like fall and relays it to supervisors. Use
cases being better care for elderly, reduced emergency department congestion and reduced hospital wait times
for surgery and medical imaging. Assisted Living Facilities benefit from needing less nursing staff and a reduction
in insurance premiums and lawsuits.
Health Engagement
Ray Technologies [Bangalore, 2016]: IoT startup focused on delivering healthcare solutions. Consists of wall
monitor which it claims can do respiration monitoring, no charging required and can be used for sleep
monitoring. Claims baby monitor will utilize state of art sensors to predict SIDS, involuntary accidental
choking/suffocation. Ray iCare system can be placed anywhere in house, though should be in bedroom ideally.
Can draw from technological solutions that are capable of measuring location, heart rate, ECG data, respiratory
data, temperature, accelerometer data, etc. Claims could use big data streaming through these devices to
power algorithms and generate actionable insights. These insights could be then fed to intelligent systems that
could diagnose, forewarn and predict future medical events. This can deliver information to emergency
response teams and medical services.
Health Engagement
Tecsomed [San Diego, 2015]: Tecsomed provides solutions to manage diabetes in children. The company
analyzes real-time data collected from wearables and uses those insights for intervention, behavioral
management and disease education. Tecsomed’s myPOM features include: Wearable Communicator, Lifestyle
Management, Parental Smartphone App and a Web Portal. The platform provides tools that identify where
potential risk exist, and tools to communicate, locate, and educate an at-risk child.
Health Engagement
Koneksa Health [New York City, 2015]: Koneska Health, a company founded in 2015, is a healthcare data
analytics company that helps researchers to remotely capture real time data from emerging technologies
(biometric trackers, mobile devices and health apps). Koneska Health's data engine converts raw data into an
analyzable model for researchers and clinicians to interpret.
120 Healthcare Analytics Report, July 2016
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Funding
Investors
$295M
Goldman Sachs, CRG, Bregal
Sagemount, innovation.cms.gov
Decision Support
Imaging Advantage [Santa Monica, 2007]: Imaging Advantage provides RadAdvisor, a cloud based decision
support platform for radiologists. It collects and analyzes information from data sources such as the EMR, lab
reporting software, surgical notes, admission/discharge notes and PACS, analyses data in real time and alerts
the clinician if they stray from appropriate imaging guidelines. It also offer clinical and financial performance
dashboards. The company is backed by Goldman Sachs, Brightwood Capital Advisors and CRG. In 2015 the
company raised $250M from CRG in equity and debt. Goldman Sachs invested a total $40M in 2010 and 2012.
Imaging Advantage acquired BRIT Systems in November 2014. The company is a recipient of the 2012 CMS
Healthcare Innovation Award.
Decision Support
HeartFlow [Redwood City, 2007]: HeartFlow is a venture backed cardiovascular diagnostics company. The
U.S.Venture Partners, Emergent
company's technology uses CT scans and high-performance computing to provide physicians with data about
Medical Partners, Capricorn
blood flow within the coronary arteries. The company claims that the HeartFlow technology analysis led to a
$226.84M Investment Group, Sandbox Industries
42% improvement in diagnostic accuracy as compared to a standard CT scan. HeartFlow was awarded the 2011
and HealthCor Partners Management
EuroPCR Innovation award. Investors include U.S. Venture Partners, Capricorn Investment Group, Sandbox
and Johnson & Johnson
Industries and HealthCor Partners Management and Johnson & Johnson.
Decision Support
Butterfly Network [Guilford, 2011]: Butterfly Network, uses a combination of deep learning and an ultrasound
based devices with specially designed processors to design low cost, portable, medical imaging equipment
(replaces MRIs and ultrasounds). They call their devices capacitive micro-machined ultrasound transducers or
CMUTs. They claim that the device will cost at least an order of magnitude less than standard equipment. Aims
to launch the product in less than 18 months (pending regulatory approval). Incubated at the 4Combinator
startup medical technology incubator. These devices will have applications in diagnosing various cancers and
also visualising fetuses within a mother's womb.
$100M
medCPU [New York City, 2008]: MedCPU delivers clinical care advice through its Advisor Button technology for
hospitals. Its Advisor Button captures the clinical picture from clinicians’ free-text notes, dictations, and EMR $50.9M
and analyzes it against a library of content for generating precise prompts for care consideration.
Decision Support
121 Healthcare Analytics Report, July 2016
Stanford University, Aeris Capital
SVB Financial Group, Merck, Easton
Capital, UPMC, New Richmond
Ventures
Suite Solutions
Clinical
Financial
Operational
Clinical (48/95)
Company
Funding
Investors
Epocrates [San Mateo, 1998]: Epocrates develops mobile and online clinical information and decision support
software that enables health-care professionals to find answers more quickly and confidently at the point of
care. The platform provides them reference information about drugs and diseases, and diagnostic tools. By
2010, the company said it had 1 million users worldwide, including 40% of the physicians in the United States.
$35M
DFJ, InterWest Partners, Saints
Capital, Millennium Technology Value
Partners, Industry Ventures, New Leaf
Ventures, Three Arch Partners, Sprout
Group, Bay City Capital
$22M
Decision Support
VuCOMP [Plano, 2001]: VuCOMP, designs, develops, and markets computer-aided detection (CAD) systems for
automatic analysis of medical images. It offers M-Vu CAD, a system that assists radiologists by identifying areas
of a mammogram that are consistent with breast cancer. The solution is based on SmartMarks annotations that
indicate detected regions with outlines that conform to the shape and size of the regions without obscuring
important structures. The systems are compatible with digital mammography systems. VuCOMP was founded in
2001 and is headquartered in Plano, Texas.
$20M
Khosla Ventures, OurCrowd, Deep
Fork Capital, Intermountain
Healthcare, Dolby Family Ventures
Decision Support
Zebra [Ramat HaSharon, 2014]: Zebra Medical Vision provides a platform for medical imaging insights. The
company uses machine learning algorithms on imaging data to provide patient health insights (identify and
manage at risk patients) that can improve diagnostic quality. The company offers a SaaS based Analytics
platform that delivers clinical decision support tools to healthcare institutions. Investors include: Khosla
Ventures, Salesforce CEO Marc Benioff, Deep Fork Capital, Dolby Ventures, Ourcrowd and Intermountain
Innovation Fund.
Sipai Wangluo [Beijing, 2014]: Sipai Wangluo is health IT company that aggregates oncology data from hospitals
and provides insight to doctors to help them with treatments. The company claims to help Oncologists in the
diagnosis and treatment of tumors. According to Chinese media reports, Sipai Wangluo has raised capital from
Eight Roads Ventures, F-Prime Capital Partners and Ping An Ventures.
$20M
Ping An Ventures, Eight Roads
Ventures, F-Prime Capital Partners
Decision Support
Decision Support
Decision Support
Details
Medicalis [Ontario, 1999]: Medicalis provides imaging workflow and clinical decision support (CDS) solutions at
the enterprise level. The decision support solution analyzes patient history and current clinical condition to
advise on appropriate radiology exams and offer Radiation dose alerts. The company claims that its platform $19.45M
automates and manages processes and helps improve productivity, physician engagement and referral
management. The company caters to imaging service lines of Integrated Delivery Networks (IDN).
122 Healthcare Analytics Report, July 2016
HLM Venture Partners
Suite Solutions
Clinical
Financial
Operational
Clinical (49/95)
Company
Details
Funding
Investors
QPID Health [Boston, 2012]: QPID Health's clinical intelligence software powered by clinically tuned Natural
Language Processing (NLP) & Machine Learning, is EHR agnostic, and automatically delivers context-sensitive
information from patient records into clinical and administrative workflows. QPID enables clinicians to be more $16.7M
productive, patients benefit from decisions based on their complete health information, and hospitals gain cost
efficiencies.
Matrix Partners, New Leaf Ventures,
Cardinal Partners, Mass General,
Partners Health Care Innovation
Enlitic [San Francisco, 2014]: Enlitic uses recent advances in machine learning (deep learning in particular) to
make medical diagnostics faster, more accurate, and more accessible. Their technology is designed to interpret
X-rays, MRIs, and other medical scans to spot tumors and other pathologies with better accuracy than human
doctors and at much higher speed. Currently in development.
$15M
Amplify Partners, Data Collective,
Seven Peaks Ventures, Capitol Health
$12M
Altaris, Newspring Capital, Pamplona
Capital Management
Decision Support
Precyse [Wayne, 1999]: Precyse offers a suite of healthcare solutions like Health Information Management
(HIM) Services, Medical Coding, Clinical Documentation Improvement (CDI), Medical Transcription, Cancer
Registry and Oncology Data Management; HIM Automation platform with workflow technologies and Natural
Language Processing (NLP) that supports inpatient and outpatient Computer Assisted Coding, and Computer
Assisted CDI needs; and Precyse University, an education solution targeted towards helping hospitals. Acquired
by Pamplona Capital Management in June 2015.
$12M
Decision Support
Arterys [San Francisco, 2012]: Arterys is a company based out of SF Bay Area that uses machine learning and
cloud computing to enhance the analysis of medical imaging. The platform enables clinicians to visualize and
quantify blood flow non-invasively in the human body. Arterys has partnered with GE healthcare to provide a
Cardiac Medical Imaging Platform that offers a 7D view of heart to help detect cardiovascular diseases. The
company received Series A funding in December 2015.
AME Cloud Ventures, Morado
Ventures, Asset Management
Ventures, Emergent Medical Partners,
Norwich Ventures, GE Ventures,
Startx
$12M
River Cities, Ascension Ventures,
Summation Health Ventures
Decision Support
Advanced Practice Strategies [Boston, 1993]: Advanced Practice Strategies (APS) offers an education and
analytics platform for clinicians. The platform, GNOSIS, measures clinical knowledge and judgment and then
deploys an individualized learning path for physicians, nurses, and other clinicians. The platform also offers an
actionable dashboard for nurse managers and administrators providing insights across multiple levels of care.
Claims that the proprietary database of individual assessments (currently 30,000+ physicians and nurses)
provides a transparent picture of clinical risk and specific opportunities for practice improvement.
Decision Support
Decision Support
123 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (50/95)
Company
Details
Funding
Investors
$11M
Trident Capital, Galen Partners
Decision Support
PeriGen [Cranbury, 1995]: PeriGen operates as a company that specializes in risk reduction and clinical quality
improvement in obstetrics. It provides PERIBIRTH, a clinical decision support system for obstetrics; PERICALM,
an electronic fetal monitoring solution; and reporting and analytics solutions. The company also offers
consulting services, such as perinatal safety and risk assessments, protocol and clinical workflow review and
design, training and skills development; and ambulatory solutions for clinicians and physician practices. Its
clients include multi-hospital systems, academic institutions, and small community-based hospitals. PeriGen was
formerly known as E&C Medical Intelligence.
$9.8M
406 Ventures, Sandbox Industries,
BlueCross BlueShield Venture
Partners, Healthbox
Decision Support
Axial Healthcare [Nashville, 2012]: Axial provides a cloud-based platform that provides evidence-based clinical
support for interventions, patient engagement, risk stratification for narcotic prescribing, and back-end
reporting of utilization and benchmarking. Axial’s pain management solutions engage physicians, pain clinics and
patients with coordinated care. It includes: axialAnalytics (patient and practitioner analytics); axialPractitioner
(pain care pathways, performance metrics and point of care MD support); axialNetwork (pain clinic Center of
Pain Excellence and COPE network contracting) and axialConsumer (targeted consumer support for high-risk
pain patients).
Decision Support
Analytics4Life [Toronto, 2011]: Analytics For Life (A4L) is a Toronto based technology company that is
developing a non-invasive cardiac monitoring technology that uses advanced "machine learning"​ based
algorithms to derive accurate measures of cardiac function (ejection fraction ), myocardial ischemia and $9.02M
coronary artery disease (CAD). The company is currently in Stealth mode. The Company's US subsidiary is
located in Durham, NC.
Decision Support
INTIO [Denver, 2005]: INTIO (formerly Abla-Tx) develops software-based algorithms for planning, image
guidance and quantitative image analysis for the interventional oncology market. Its software guides minimally
invasive methods for the treatment of malignant and benign solid tumors. The company focuses on $8.85M
interventional oncologic therapies including surgery, ablation, chemoembolization or radioembolization, and
palliation for pain or relief of obstructions.
124 Healthcare Analytics Report, July 2016
Flagship Ventures, Johnson and
Johnson Development Corporation
Suite Solutions
Clinical
Financial
Operational
Clinical (51/95)
Company
Details
Funding
Investors
$7.5M
Sandbox Industries, BlueCross
BlueShield Venture Partners
Decision Support
Oncology Analytics [Plantation, 2009]: Oncology Analytics is a Cancer management startup that provides
decision support software to Oncologists. The company's web-based HIPAA compliant platform links physicians
that treat cancer patients with information that helps them provide the best possible care. The company claims
its clinical decision support system consists of over 2,800 treatment protocols that helps doctors give patients
effective, minimally toxic and affordable regimens. Its oncology management services include prior
authorization services; clinical decision support, physician education, and expert peer review services; oncology
network evaluation and optimization consulting; and performance reporting and analytics services.
$6M
Health Enterprise Partners
Decision Support
Applied Pathways [Schaumburg, 2010]: Applied Pathways offers a cloud based platform, Curion, that offers
clinical rules modeling and Enterprise Clinical Knowledge Management. The company's Visual Rules Authoring
technology allows clinicians and business users to build best practice based decision support or quality
management rules in the form of visual flowcharts which can then be integrated into third party systems or our
specialized suite of applications. The platform helps organizations to guide the behavior of healthcare
consumers, increase efficiency, and lower operational costs.
$5.5M
Callaghan Innovation
Decision Support
Volpara Solutions [Wellington, 2009]: Volpara Solutions(previously known as Matakina Technology) offers a
suite of quantitative breast imaging tools that can be used by radiologists. Solutions include: VolparaDensity,
assesses volumetric breast density from digital FFDM and 3D tomosynthesis mammograms; VolparaAnalytics, a
reporting dashboard presenting key mammography metrics to assist quality assurance and resource planning;
VolparaDose, provides a standardized measurement of patient-specific dose and VolparaResearch, tool for
researchers to analyze breast density of multiple patients. Volpara Solutions is the sales and marketing arm of
Volpara Health Technologies (formerly Matakina Technology)
Decision Support
RxREVU [Denver, 2013]: RxREVU offers to help patients and payers save money on their prescriptions by
providing a clinical support tool that identifies the most effective medication at the best possible cost. The
company sell medication dataset to healthcare solution providers that are looking for cost transparency and cost
$4.54M
saving tools within their products. Its cost-reduction strategies include therapeutic alternatives, splitting
combination drugs, dividing high doses, generic substitutions, splitting pills, over the counter and quantity
discounts. RxREVU claims to have over 6,500 cost-saving recommendations.
125 Healthcare Analytics Report, July 2016
Galvanize, NueCura, Summation
Health Ventures
Suite Solutions
Clinical
Financial
Operational
Clinical (52/95)
Company
Details
Funding
Investors
$4.5M
The National Science Foundation,
Venture Investors, HealthX Ventures,
Ventures
Decision Support
HealthMyne [Madison, 2013]: HealthMyne’s provides radiologists and oncology clinicians with an Imaging
Informatics platform that brings together imaging and EHR information for use in evidence-based analytics and
decision support. The system contains an image analysis engine that generates information such as tumor size
and Lung-RADS categories for use in lung cancer screening. The platform also includes tools for reporting,
sharing and discovery.
$4.2M
Holton Capital, St Louis Arch Angels
Decision Support
Radialogica [Clayton, 2011]: Radialogica provides tools and data to healthcare providers and payers to manage
health quality of cancer patients. It provides a platform that enables clinicians to display, communicate and
analyze radiotherapy data. The platform consists of "fullView" - allows clinicians to view images and treatment
plans, "fullReport" - analyze and benchmark treatment plans, and extract user-defined parameters and
"fullExchange" - share diagnostic images and treatment plans with otherclinicians. It serves physicians,
physicists, dosimetrists, payers, and patients in the United States.
$4.2M
Janssen
Decision Support
NeuroVision [Sacramento, 2010]: NeuroVision is an integrated neuroscience company that focuses on
designing diagnostic tests and biomarkers for early detection and monitoring of amyloid pathology related to
Alzheimer’s Disease. The company has developed a retinal imaging technology, which is currently being utilized
in clinical trials globally. It uses the datasets, to provide data aggregation services, analysis, biostatistics, and
applies machine learning algorithms to the images and other biomarker data for understanding and prediction
of neurodegenerative diseases.
Circle Cardiovascular Imaging [Calgary, 2008]: Circle Cardiovascular Imaging develops analytical software for
the cardiac imaging community. The company offers cmr42, an application for managing and evaluating
cardiovascular magnetic resonance images. It is designed for clinical settings, as well as for experimental and
clinical research.
$3.9M
BDC, Foundation Equity, AVAC
Medical Image Mining Laboratories [Valhalla, 2008]: Medical Image Mining Laboratories offers software for
analyzing and diagnosing medical images using machine learning and telemedicine. The company provides
Skinofmine, which is an online dermatology solution that offers automatic image analysis of skin and hair
conditions.
$3.9M
Decision Support
Decision Support
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Clinical
Financial
Operational
Clinical (53/95)
Company
Details
Funding
Decision Support
Rijuven [Wexford, 2012]: Rijuven has built a platform of medical and consumer health devices. According to the
company, it has combined health analytics, device capability and telemedicine compatibility. i2Dtx, a
comprehensive cloud based medical device platform to wirelessly assess patients at point of care. i2Dtx
$3.78M
streamlines diagnosis of parameters like heart, lung, cardiovascular, vital signs, imaging and lab clinical
assessments. In Oct'15, it launched a FDA cleared product, CardioSleeve, a 3-Lead ECG and Digital Heart Sound ,
for comprehensive heart analysis, is a portable facility grade diagnostics device at point of care.
Decision Support
Ambient Clinical [Rochester, 2014]: Ambient Clinical Analytics develops and sells decision support tools for
healthcare data assimilation, communication, and analytics that support the ICUs, ERs, ORs. It offers AWARE,
clinical decision support tool; multi-patient dashboard and real-time situational awareness solutions; Synthesis $3.17M
for Windows to ease navigation of the electronic medical record; and Syndromic Surveillance screening solution,
a medical informatic method that can be used to prevent bio-terrorism.
Decision Support
Decision Support
Decision Support
Investors
Mayo Clinic, Rock Health, RAEDI,
Gopher Angels, Social Capital
Kyron [Valley, 2013]: Kyron analyze medical records of routine care to generate medical insights. They identify
latent associations between conditions, interventions and outcomes to generate practice-based evidence.
Domains of applications include diagnostic decision support systems, pharmacovigilance, and personalized
medicine
$3M
Khosla Ventures
AkeLex [Portland, 2001]: AkeLex, formerly known as Lifecom, is a clinical data analytics company that uses a
SaaS model. AkeLex's Adaptive Knowledge Engine (AKE) provides decision support for acute diagnostic,
therapeutic, chronic disease management, team triage, prevention and wellness. They cater to health service
providers, health organizations, device manufacturers and accrediting organizations.
$2.5M
Aequitas Capital, OHSU | Oregon
Health & Science University
Sapheneia [Dillon, 2006]: Sapheneia provides diagnostic and analytical image processing solutions that enable
radiation dose reduction through image quality enhancement. It offers Sapheneia platform, a software solution
that uses post processing algorithms to reduce noise and enhances edges in CT, X-ray and MRI solutions. It also
$2.28M
offers custom imaging solutions for clinical end-users on CT and XR modalities, as well as for fluoro and
ultrasound modalities. The company delivers its solutions to healthcare providers and enterprise clients through
a network of resellers, distributors, and OEMs and online.
127 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (54/95)
Company
Details
Funding
Investors
Scottish Enterprise, Archangel
Informal Investments, Old College
Capital, Tri-Cap Central MN
Decision Support
Blackford Analysis [Edinburgh, 2009]: Blackford Analysis provides medical imaging software to accelerate
imaging workflow in hospitals. It develops algorithms for real-time analysis of datasets. The company claims
that by saving clinician time and increasing capacity, its products help to increase productivity and efficiency $2.21M
across hospitals. The imaging platform originally developed for spectral analysis in astrophysics, is capable of
processing hyperspectral and image data in real-time. The company is a spin-out of Edinburgh University.
CincyTech
Decision Support
Cordata Healthcare Innovations [Cincinnati, 2002]: Cordata Healthcare Innovations, previously Priority Consult,
provides a subscription based technology solution to assist providers in coordinating care for complex specialties
like spine, ortho and oncology and provides an analytic view of care paths and outcomes. The company claims to $2.09M
drive clinical and business outcomes using data driven insights that provide better care coordination, better
patient engagement and better adherence to care plans. Solutions include Cordata Spine and Cordata Oncology
$2M
evaluate.com
Decision Support
Advera Health [Santa Rosa, 2010]: Advera Health Analytics, formerly AdverseEvents, is a health informatics
company that improves patient safety by analysing the side effects of drugs. The company offers a predictive
analysis system that scans side effects data and spells out who should or should not use certain medicines.
Advera's intelligence helps health care providers manage their formularies, or the official list of drugs they
prescribe. Advera Health provides solutions to enterprise markets including managed care organizations, health
systems and hospitals, and the pharmaceutical industry.
MedyMatch [Tel Aviv, 2013]: MedyMatch provides a platform which uses cognitive analytics and artificial
intelligence to deliver real time decision support tools to aid physicians, doctors and surgeons. The platform
uses deep learning based computer vision technologies to gather insights from and detect anomalies in scans.
$2M
Exigent Capital Management,
genesisfirm.com
Lunit [Seoul, 2013]: Lunit, formerly known as Cldi, is a Seoul based company that uses deep learning technology
and algorithms for medical image analysis and object detection. The company received funding of $2M in
November 2015 from Softbank Korea and others. Lunit plans to expand the use of its technology to other
domains in medical records.
$2M
Formation 8, SoftBank Ventures
Korea, K Cube Ventures
Decision Support
Decision Support
128 Healthcare Analytics Report, July 2016
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Clinical
Financial
Operational
Clinical (55/95)
Company
Decision Support
Details
Funding
Investors
Flashback Technologies [Boulder, 2009]: Flashback Technologies has developed a machine learning framework
for the real-time analysis of physiological data. The company's platform called CipherSensor is used for
predictive decision support in the care of patients in the trauma and critical care settings. The technology is
currently patent pending.
$2M
Pacific Advantage Capital
Decision Support
DiACardio [Omer, 2009]: DiACardio is an image processing software company that develops tools for
automating the evaluation of echocardiographic images. The company's LVivo platform uses algorithms to
enable automatic detection of the heart’s ventricle walls borders and to track their movement over the duration $1.95M
of the echo imaging video. It makes a quantitative assessment of the heart’s performance. The company's
currently offers: LVivo EF (Ejection Fraction) and LVivo SG (Segmental Evaluation).
Decision Support
GenePred [Marseille, 2011]: Genepred develops algorithms for disease prediction based on genetic markers.
GenePred, in partnership with the UMR 906, identified a panel of over 40 genetic markers for prediction of
acute liver fibrosis. It has identified a set of genetic polymorphisms linked to Keloid and Hypertrophic scars and
is in the process of developing predictive algorithm for the prediction of these scars before any surgery $1.36M
procedure. It is also involved in research activities in partnership with Aix Marseille University/ INSERM
(UMR906) and is open for research partnership, IP deal, co-development with other reserch agencies also.
GenePred is a spin-off of the INSERM Research Laboratory of Alain Dessein.
Decision Support
AlertWatch [Ann Arbor, 2011]: AlertWatch develops a a real-time patient monitoring software that integrates,
analyzes and displays patient data intuitively so that clinicians can respond faster to potential problems. The
software is used in hospital operating rooms, ICUs and emergency departments, and a six month retrospective
study has shown that is improves response time to a variety of intraoperative situations, such as hyperglycemia
and hypotension. AlertWatch software is integrated with additional hospital systems, such as AIMS or
FlowSheet. AlertWatch: OR is intended for use by clinicians for secondary monitoring of patients within
operating rooms. AlertWatch accomplishes this by aggregating data from networked physiologic monitors,
anesthesia information management systems and patient medical records and displaying them at a central
location. Once alerted, the clinician must refer to the primary monitoring device before making a clinical
decision. AlertStats allows providers to see, anonymously, how they are doing compared to their peers on a
variety of clinical process measures and also allows hospital administrators to track these metrics, over time, to
see how the institution is progressing on quality efforts.
129 Healthcare Analytics Report, July 2016
$1.2M
Altair, Shengjing 360, CEIIF
Ann Arbor SPARK
Suite Solutions
Clinical
Financial
Operational
Clinical (56/95)
Company
Details
Funding
Decision Support
Deontics [London, 2009]: Deontics uses AI to offer Clinical Decision Support Systems (CDSS) that are designed to
promote evidence-based and personalized medicine. The company claims Deontics systems integrate individual
patient data from EMRs with clinical guidelines and creates individualized treatment recommendations,
$1.14M
workflow, quality alerts, prognostication and clinical trial eligibility alerts. The system was developed at Oxford
University and University College London and access is offered to clinicians, providers and patients. Deontics has
built a range of CDSS apps e.g. Breast, Lung, Colon, Prostate cancers.
Decision Support
RGI Informatics [Cornwallville, 2011]: RGI offers software products that provide real time clinical data analytics
and retrospective analytics. RGI’s two primary products are the Healthcare Analytics Platform, for retrospective
analytics of clinical data, and RGI Mobile, for point-of-care clinical decision support. The company claims its
software platform bundles complex data into analytics and gives clinicians actionable insights. RGI Mobile
$1.09M
identifies and displays data that meets risk criteria and relays an alert to the clinical team for further
investigation and timely action. According to the company, its technology collects, processes and displays data
from a variety of hospital systems and medical devices, permitting the viewing of a single patient’s data trended
over time from the entire patient stay.
$1M
Decision Support
MedAware [Raanana, 2012]: MedAware uses big data analytics and machine learning algorithms to analyze
large scale data of EMRs, to learn automatically how physicians treat patients in real life scenarios. Prescriptions
largely deviating from the spectrum of standard treatment patterns are flagged as potential errors. The
company also offers MedAware Risk Management, MedAware Quality Control and MedAware Reducing Alert
Fatigue decision support tool helping clinicians, hospitals in improving patient safety and healthcare quality.
Montage Healthcare [Philadelphia, 2010]: Montages's Search and Analytics uses natural language processing
(NLP) to extract and visualize business and clinical insights from an organization’s radiology information system
(RIS) and electronic medical record (EMR). Search is the underlying mechanism for uncovering clinical findings.
$1M
Decision Support
130 Healthcare Analytics Report, July 2016
Investors
Apax Partners
OurCrowd, GE Ventures
Suite Solutions
Clinical
Financial
Operational
Clinical (57/95)
Company
Details
Funding
Investors
$900K
Seed Capital
Decision Support
TeleSkin [Esbjerg, 2007]: TeleSkin is a startup that develops hardware, software, and mobile solutions for the
early diagnosis of skin cancer, melanoma, and other dermatological conditions. TeleSkin has developed an
integrated hardware/software solution with a clinical multi-spectral dermoscope for the medical practitioner to
conduct a dermoscopic analysis, and skinScan, a mobile application for patients and consumers to analysis moles
and engage in the management, diagnosis, and care of patients with skin cancer and melanoma.
1.9M
IP Group
Decision Support
Intelligent Ultrasound [Milton, 2012]: Intelligent Ultrasound offers medical imaging tools to improve diagnosis
of medical ultrasound. The company's Intelligent Quality Analytics (IQA) is a software based service that checks
the quality and completeness of images using machine learning algorithms. It also provides healthcare
organizations a means to review the output of their ultrasound imaging departments using operational and
performance metrics. IQA The company is a spin-out of Oxford University.
BoshiCloud [Beijing, 2014]: BoshiCloud is a cloud based hospital management tool. It provides data analysis
tools to keep the track of patient information. Some of the other tools are mobile based ward management,
patient progress and digitized reports etc. It claims to have raised Seed round of funding.
$817K
$780K
Rough Draft Ventures, Thinkplus
Decision Support
Nightingale App [San Francisco, 2013]: Nightingale App supports practitioners, including applied behavior
analysts, speech-language pathologists and occupational therapists to provide a personalized mobile solution for
autism patients. Provides practitioners with customized tools for HIPAA compliant data collection, reporting,
and analytics. The web interface utilizes data captured via mobile to automate processes like graphing and
reporting, and guides decision-making to optimize client outcomes. Cloud-based collaboration features allow
care teams, parents, and administrators to communicate and monitor clients' progress in real time. The app is
available on the iOS App store and Google Play store.
$750k
Dreamit Ventures, Tencent, Dreamit
Ventures
Decision Support
Tissue Analytics [Baltimore, 2014]: Tissue Analytics offers a HIPAA compliant smartphone application for
physicians to track and assess patient wounds. The image analysis algorithms developed by Tissue Analytics help
standardize wound documentation and support clinical decision making. Nurses stream photographs of a
patient's wound to a physicians who then can evaluate, track and manage the patient using Tissue Analytics'
web portal. The app is available for iOS and Android. The company was funded by Tencent and accelerator
program DreamIt Ventures.
Decision Support
131 Healthcare Analytics Report, July 2016
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Clinical
Financial
Operational
Clinical (58/95)
Company
Details
Funding
Investors
$750k
VentureNursery, Yournest
Decision Support
Arya [Mumbai, 2014]: Arya.ai is an AI based research companion app built with users' existing research data.
Users can ask Arya their queries through a chat based UI. Can be used to search for research papers or data in
existing documents, predict the research importance of the papers and research topic growth over the years,
find the future of research topic in other domains, search for alternate words for research topic, ask for a
solution among the results, and to get a knowledge graph of the searched query. Building research assistants
(Aryas) specific to domains like hiring, life sciences, legal among others. Product of InvenZone, which was
accelerated at VentureNursery. Claims to have created a prototype in the medicine and security sectors as of
January, 2016. The prototype for the security sector functions by using a chip that is embedded into the security
camera, which is connected to the Internet and has access to a cloud server. Action sensors alert a security
manager about a potential mishap.
$562k
Y Combinator, HealthX Ventures
Decision Support
EnsoData [Madison, 2015]: EnsoData makes a software EnsoSleep for sleep clinics that automates sleep data
analysis using machine learning. Doctors and their teams can drag-and-drop sleep data from the devices they
already use into the web application. Then the machine learning software automatically identifies all of the
respiratory and neural patterns relevant to sleep apnea, and exports this analysis back into the devices native
viewing software. Many clinics pay $30-$40 per hour for 1-2 hours for this analysis by hand; in comparison,
EnsoSleep claims that their solution is 100x faster, and less than half the cost. EnsoSleep is designed for sleep
clinics ranging in size from small private practices to large integrated health systems.
Decision Support
Decision Support
EpiFinder [Scottsdale, 2014]: EpiFinder provides clinical decision support technology to neurologists to help
diagnose epilepsy syndromes at the point of care. The proprietary software uses machine learning and artificial
$437.5k
intelligence algorithms on the back end to help with diagnosis. Mentors include SeedSpot, a social venture
incubator in Phoenix. Founded in 2014 based in Scottsdale, Arizona.
Radial Analytics [Cambridge, 2014]: Radial Analytics is a healthcare data analytics company that provides
decision support solutions that identify the most suitable post-acute facility or agency for each patient. The
$400.04K
company aims at helping healthcare organizations optimize quality, outcomes and costs. Radial Analytics caters
to Accountable Care Organizations, hospitals, and payers
132 Healthcare Analytics Report, July 2016
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Clinical
Financial
Operational
Clinical (59/95)
Company
Details
Funding
Investors
Decision Support
THINKmd [Burlington, 2014]: THINKmd offers MEDSINC, an integrated point-of-care clinical assessment tool
that enables a minimally skilled user to gather patient information, assess severity of illness, and provide
treatment recommendations. Features include: Enables clinical assessment across illness categories, Supported $327.5k
by AI governed by evidence-based medicine, Functional on web-enabled mobile device; OS agnostic, and
Captures real-time public health and geo-location data. THINKmd, is a benefit corporation
$310K
Innovation Nest
Decision Support
Infermedica [Warsaw, 2012]: Infermedica is currently developing a medical diagnostic engine that supports
developers to build smart applications that help doctors and patients make better decisions. Infermedica
provides a secure API through which anonymized patient health data is send for diagnostic analysis. Using
machine learning algorithms the patient data is processed and analyzed. The engine is intended to be integrated
into electronic health records and mobile health applications.
CardioLogs [Paris, 2014]: CardioLogs provides a software for healthcare professional to screen patients for
cardiovascular diseases. The software uses machine learning algorithms to assist in ECG interpretation. The
company claims the interpretations are processed in real-time. The solution has both offline and online modes.
$300K
Founder.org
Densitas [Halifax, 2011]: Densitas is a medical device software company that develops technologies that extract
relevant information from images. The company's flagship software DM-Density provides breast density
measurements from digital images taken during mammograms. Other products include: DM-Dose, estimates
the radiation a patient is exposed to during the mammography process; DM-Analytics, processes the data
generated during mammography and presents key metrics; and DM-Workflow, mammography workflow
solution that assists radiologists.
$250k
Innovacorp
Parzival [San Francisco, 2013]: Parzival is a decision support tool for physicians that uses machine learning
algorithms to aid physicians in searching for medical content. The web-based system integrates machine
learning algorithms with an initial curation process to create a relevant search experience for doctors. The
content is validated and rated by the MDs and the search results are updated based on the ratings.
$250K
Stanford University
FreshTracks Capital
Decision Support
Decision Support
Decision Support
133 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (60/95)
Company
Details
Funding
Investors
saykara [Seattle, 2015]: SayKara offers a system that automates patient documentation for physicians.
Operates for machine learning and speech recognition in the healthcare sector. As of May 2016, the company
has not yet launched any products.
$200K
Deep 6 Analytics [Pasadena, 2013]: Deep6 Analytics is a tech start-up which focuses on cutting edge technology
of Machine learning and content analytics. The software can be used in any industry and enterprise to get deep
insight into unstructured data.
$120k
Techstars, Cedars
$100K
Rock Health
Decision Support
CancerIQ [Chicago, 2013]: CancerIQ provides a cloud-based platform to doctors for identifying cancer-risk
patients by lifestyle, clinical, and genetic assessment; improving patient adherence by engaging with them on
the portal; and making decisions to improve patient's disease condition. Proposes to launch a patient-facing
portal in future, which patients can access from their homes. Platform is offered in three parts to providers genetic screening, risk assessment & prevention, digital communication.
$75k
Decision Support
Amara Health Analytics [San Diego, 2010]: Amara provides real-time predictive analytics to support clinicians in
the early detection of critical disease states. Early detection enables rapid response, driving better patient
outcomes and lower healthcare costs. With the acceleration toward value-based payment models, Amara
delivers the decision support software needed to achieve decreased lengths-of-stay, lower utilization costs, and
enhanced revenues.
$50K
Decision Support
Vy Corporation [Cambridge, 2000]: Vy is a software development company specializing in shape detection and
object analysis software and services. Their patented technology finds order in real-world imagery and
represents this discovered order in a searchable relational database. They start by finding mathematical models
of Bezier curves and straight lines. Then they use object models to identify areas and objects of interest. The key
differentiator is highly reliable (99.999% accuracy) search of real world imagery (low contrast, high noise) based
upon shape and complex object models.
Decision Support
Decision Support
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BFTP
Suite Solutions
Clinical
Financial
Operational
Clinical (61/95)
Company
Details
Funding
Investors
$25k
AlphaLab
Decision Support
BlenderHouse [Pittsburgh, 2008]: BlenderHouse is a software company that develops healthcare applications
using its proprietary Applied Learning Engine algorithms. The company offers CompleteNote, a clinical health
care application, that uses machine learning and data analytics to collect clinical data, provide workflow based
clinical decision support, and auto-generate patient encounter documentation. Also offers CHRISS (Cardiac
Health Risk Stratification System), a web-based decision support suite of tools for assisting physicians and
patients with dealing with advanced heart failure.
€15k
Startupbootcamp
Decision Support
Evinance [Montreal, 2012]: Evinance, based out of Canada, provides a decision support platform that can be
accessed by both providers and patients. The platform offers guidelines which are fed into a decision support
engine that can generate patient-specific recommendations by reading the data in Electronic Health Record
(EHR) systems. The personalized recommendations are presented to physicians directly within their EHR system
and to patients in a format and language they can understand. The company claims to provide a platform that
helps in joint decision making and one that helps improve quality and cost outcomes.
$20K
Gener8tor
Decision Support
Behold.ai [New York City, 2015]: Behold.ai is a deep learning technology that identifies visual differences
between healthy and unhealthy images. Healthcare practitioners can upload images to the company's server
which then processes them using pattern recognition software. The server responds with the original images
along with tags detailing abnormalities that the software identified. Radiologists agree or disagree with the
prediction providing feedback to the learning algorithms. Behold.ai also outputs a preliminary predictive
diagnosis factoring in all images.
$20k
Iron Yard Ventures
Decision Support
Data Minded Solutions [Hoboken, 2014]: Data Minded Solutions uses computing techniques in the fields of
machine learning, data mining, visualization and cognitive computing to transform raw data into actionable
information. Data
Minded Solution aims at empowering care providers with a medical decision support
mechanism that allows preventative measures to be taken without adding burden to their workflow, shifting
the point-of-care from the office to wherever the patient is present. As of now, they are focused on providing
decision support mechanism in diabetic care.
135 Healthcare Analytics Report, July 2016
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Clinical
Financial
Operational
Clinical (62/95)
Company
Details
Funding
Investors
Decision Support
VectorDoc [Bangalore, 2014]: VectorDoc is a healthcare platform enabling healthcare delivery in resource
contrained areas. Platform addresses key areas like disease diagnosis, triaging, emergency handling, healthcare
workflow and collaboration, disease surveillance etc and targets segments like rural/urban poor areas and
hospitals to optimise the limited bandwidth of doctors by leveraging healthcare workers. An AI based solution,
$16.18K
the platform aims to address the issue of looking at a patients vitals and symptoms and whether decisions can
be made by accredited healthcare workers or if it has to be escalated to doctors on the platform. The platform
allows collaboration among doctors, secure storage and sharing of medical records, remote viewing of cases and
e-prescriptions. Incubated by Villgro and has also received an undisclosed amount of funding.
Accel Partners
Decision Support
SigTuple [Bangalore, 2015]: SigTuple provides a data driven, machine-learned, cloud-based solution for
detection of anomalies and trends in medical testing to improve the accuracy and efficiency in disease diagnosis.
The founders have an IIT background. They have a Machine Learning platform called Kurma, which they claim
can provide insights from data. They also use deep learning to medical diagnostic images to detect and predict
the chances of the person (of whose the images are) having a particular disease.
CureMetrix [Rancho Santa Fe, 2014]: CureMetrix, offers an analytics platform that detects and classifies
anomalies in medical images such as mammograms. The algorithm is used to predict and model hospital patient
population data and use it to improve clinical and financial outcomes. The company claims its algorithm is data
agnostic and can identify anomalies with a 90% accuracy rate in complex 2D and 3D data.
Analytics Ventures
Imagia Cybernetics [Montreal, 2014]: Imagia Cybernetics offers medical image analysis solutions for cancer
detection, segmentation, follow-up, and classification using artificial intelligence and deep learning algorithms.
Imagia uses a tumor data set labelled at the per-pixel level for each modality and type of cancer to better detect
cancer.
BDC, Lumira Capital, Emerillon Capital
Decision Support
Decision Support
136 Healthcare Analytics Report, July 2016
Villgro Innovations Foundation
Suite Solutions
Clinical
Financial
Operational
Clinical (63/95)
Company
Details
BonAngels,
http://home.futureplay.co/
Decision Support
Vuno [Seoul, 2014]: Vuno is a South Korean medical diagnostics startup that uses Machine Learning and Deep
Learning to analyze patient imaging data and gain insights that help doctors diagnose diseases. The company has
its own proprietary deep learning engine VUNOnet. Investors include Bon Angels and Future Play. The company
has been named as one of the '5 Deep Learning Startups to follow in 2016' by VentureBeat. The company has
offices in Seoul and Delaware.
Center for Innovative Technology
Decision Support
eKare [Fairfax Station, 2013]: e-Kare is medical device company that is working towards design and
development of wound assessment solutions using the computer vision and mobile technology. A spin-off
enterprise from the Children’s National Health System, Washington DC. Their product, inSight is an FDA cleared
Class-I device. It is an add-on device for Apple iPad. It is a Structure Sensor and uses eKare’s proprietary
computer vision algorithms to deliver 3D wound measurement. Provides a cloud-based platform for care
coordination for wound management. Connects across the healthcare continuum using eKare’s HIPAAcompliant platform with the 3D measurements.
GreenHills Ventures
Decision Support
Vital Images [Minneapolis, 1988]: Vital Images, a Toshiba Medical Systems Group Company, is a provider of
health imaging informatics solutions, including: visualization, enterprise image viewing solutions and business
intelligence technology. The company's VioSuite Image Management and Vitality Solutions Business Intelligence
product provides healthcare administrators with tools to improve system-wide image access and image data
analytics. The company's flagship products are VitreaAdvanced and VitreaView software,
Healthbox, GuideWell
Decision Support
Hindsait [Englewood, 2013]: Hindsait's SaaS platform helps healthcare organizations predict, manage and
improve patient outcomes more profitably. The company uses Natural Language Processing to unlock clinical
data while machine learning to mine clinical & business data sets to identify trends. Hindsait's levers AI &
predictive analytics to help clients manage complex challenges such as real-time optimization of diagnostic and
treatment plans.
Mars Discovery District
Decision Support
MedCurrent [Toronto, 2003]: MedCurrent provides a cloud-based CDS analytics platform that helps healthcare
organizations to analyze ordering patterns and rules among physicians and specialist groups. The CDS can be
used on clinical ordering process, like lab, cardiology, and surgery. The EMR integrated platform helps referring
physicians to check the appropriateness of procedure ordering and offers recommendations. The analytics
reports can be customized based on needs. MedCurrent provides services in the U.S. and Canada.
137 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (64/95)
Company
Details
Mars Discovery District, Genesys
Capital
Decision Support
Therapeutic Monitoring Systems [Ottawa, 2007]: Therapeutic Monitoring Systems is developing clinical
decision support software for use in critical care medicine. The company's CIMVA software platform will be
used by physicians & nurses in the hospital ICU and emergency department. CIMVA software integrates with
critical care monitors to analyze patient vital signs, offering insights into a patient’s health status currently
unavailable. CIMVA software can be used on browser-enabled central viewing stations or mobile devices.
Mayo Clinic
Decision Support
AnalyzeDirect [Overland Park, 1999]: AnalyzeDirect provides Medical Imaging software solutions 3D Image
Visualization, Image Analysis and Segmentation. The products - AnalyzePro & Analyze are powerful
comprehensive software suites for display, processing, segmentation, registration and measurement of
biomedical images. They allow for analysis on images from multiple modalities including MR, CT, PET and SPECT.
The suites include -Display tools for image review and visualization, Segmenting tools for fast and precise region
definition, Processing tools for Image post-processing and optimization, Inter- and intra-modality registration for
the fusion of image data, Tools for spatial and intensity transformations, mathematical processing and data
reorientation, and in-depth statistical analysis tools.
Myrian Capital
Decision Support
Riverain Tech [Miamisburg, 2008]: Riverain Tech develops software tools for early detection of lung disease.
The company uses machine learning and image processing algorithms to enable clinicians to arrive at faster
diagnoses. It has two suites of products on the market. The ClearRead CT suite uses advanced algorithms to
detect the presence of all types of lung nodules, including solid, sub-solid and ground glass. The ClearRead X-Ray
suite uses existing X-ray equipment to provide soft-tissue images of the chest.
Candescent Health [Waltham, 2015]: Cloud-based, software-enabled service allows radiology service providers
to provide care, while optimizing diagnostic performance by re-engineering clinical and workflow processes.
Claim to enable over 125 radiologists to provide standards-based care to over 1M patients annually at 60
facilities in 23 states.
Oak Investment Partners
Decision Support
138 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (65/95)
Company
Details
Decision Support
SemanticMD [Houston, 2013]: SemanticMD offers a SaaS platform that enables physicians and researchers to
design and develop medical image analysis algorithms that integrate with their own applications using tools
powered by deep learning. The company has developed a visual search engine which enables physicians to take
an image of an unknown disease state and match it to a database of known conditions. The platform can be
deployed either over the cloud or on premises and supports 2D and 3D medical images in addition to ultrasound
videos. The company will start offering its solutions in 2016.
Decision Support
Deep Diagnostics [Toronto, 2014]: Deep Diagnostics is a stealth startup for clinical decision support. The
company is developing a deep learning algorithm to analyze images of CT and MRI scans and provides clinicians
with suggested probabilistic diagnoses. It aims to increase diagnostic accuracy, improve patient outcomes and
reduce costs.
Magentiq Eye [Haifa, 2015]: Magentiq Eye provides software based on computer vision and machine learning
technology to provide assistance to doctors in performing medical procedures. Its current portfolio includes
software that assist in detection of colon cancer through colonoscopy and endoscopy.
Decision Support
Decision Support
Decision Support
TAFi [Chicago, 2015]: Tafi , formed in January of 2015, provides an anlaytics platform for provider organisations
to get meaningful information from unstructured patient data. The company's Alpha-platform includes TAFi
[A]ccelerate (an engine that uses ETL/ELT technology), TAFi [A]stream (a web based server) and [A]malgam (a
real time dashboard that can be integrated with existing dashboards)
Tapiatric [Dubai, 2015]: Tapiatric, is a mobile and web application, based out of Dubai, which uses Artificial
Intelligence to enable improved results to healthcare queries by the user. According to the company, the
application is designed for both healthcare & non healthcare professionals and enables effective clinical decision
support, reduces response times and increases efficiency. The company claims, that the app can also be used as
a training tool, a repository of data for clinical research, and as a source for tackling STAT cases. The company
aims to bring intelligent healthcare for the digital generation.
139 Healthcare Analytics Report, July 2016
Funding
Investors
TMCx Accelerator
Suite Solutions
Clinical
Financial
Operational
Clinical (66/95)
Company
Details
Decision Support
Prescient Healthcare [Charlottesville, 2015]: Prescient Healthcare Consulting is a healthcare analytics company
founded in 2015 that creates predictive models with alerts and triggers which can be used in an acute care
hospital to improve patient outcomes. According to the company these solutions can be embedded within a
hospital’s decision support system to deliver real-time updates on a patient’s severity of illness, as well as
enable retrospective analysis for quality improvement initiatives. Prescient also offers support services and
consulting services.
Decision Support
Decision Support
hScience [Sao Paulo, 2015]: hScience is a healthcare technology company based out of Brazil. The company
develops smart tools that use big data for health diagnosis. hScience uses natural language processing and deep
learning algorithms to gain healthcare insights from data obtained from multiple sources. The company is
currently in stealth mode.
Topycs [Hyderabad, 2014]: Offers a cloud-based deep learning text extraction and mining platform for
enterprises. The platform allows enterprises to extract data from various public & private channels and create
meaning from unstructured data (using NLP). The platform also allows enterprises to create categorizations and
produce visualizations.
Decision Support
Zynx Health [Los Angeles, 1996]: Zynx Health provides evidence-based clinical decision support solutions that
are made available at the point of patient care through electronic health record (EHR) systems. The solutions
offered by Zynx Health help healthcare providers to improve the quality, safety, and efficiency of patient care.
The company's products are delivered through a SaaS model. Products include - ZynxAnalytics, ZynxCarebook,
ZynxOrder, ZynxCare, ZynxEvidence. Zynx Health was acquired by Cerner in 2002 and then acquired by Hearst
Corporation in 2004.
Decision Support
Docbot [Fountain Valley, 2014]: DocBot is a mobile application for physicians that uses electronic health record
analytics to empower medical practitioners in a clinical setting. Features include: At-risk patient flagging, patient
referral detection, screening/lab recommendations and therapy suggestions. DocBot's cloud analytics are
integrated into the application and runs in the background. The application is available on iOS and Android
phones and tablets.
140 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (67/95)
Company
Details
Scribe.AI [Seattle, 2016]: Scribe.AI is an automated agent that shadows the physician and automatically
documents patient care. It listens the physician-patient interactions and brings up the right clinical information
at the right time. As of May 2016, the product was not yet launched.
Decision Support
Decision Support
GlucoIQ [New York City, 2014]: GlucoIQ is clinical decision support software that flags adverse events and
highlights patterns in diabetes data. The system processes a combination of data from glucose monitors and
insulin pumps, as well as patient lifestyle (including meal and exercise data). GlucoIQ’s dashboard collects data
from a wirelessly enabled glucometer in real-time. The company claims its analytics system helps clinicians
monitor their patient populations’ health, deliver better care and reduce healthcare costs by improving HbA1c
levels.
Decision Support
Systolik [Calgary, 2014]: Systolik (CUBE Medical Solutions Inc. before Aug'2015) provides the product Cardium
Cardiovascular Informatics (CVIX), which replaces legacy CVIS and CV-PACS with a single informatics solution for
all of Cardiology. CVIX helps cardiologists with workflow management, analytics and clinical decision support.
Systolik Inc. is a privately held Canadian company with offices in Calgary and Toronto. Cardium CVIX is available
for sale in the United States and Canada (as of Nov 2014).
Decision Support
Lead Horse Technologies [Junction, 2006]: Lead Horse Technologies offers, Medloom, a clinical decision
support system that help clinicians prevent and treat adverse drug reactions (ADRs) and reduce their associated
costs. Medloom applies A.I. to identify when a patient may be at risk for death or hospitalization. Medloom's
algorithm creates ‘at risk’ profiles from the FDA’s adverse event reporting system, and then cross-references
these profiles with individual patient records to scan for those patients who match. The company was
incorporated in 2006 and is based in Junction City, Kansas.
ZenXMed [Vancouver, 2015]: ZenX Med aims to provide machine learning based cloud software platform
called OpenXMed which will allow the physicians to make data based diagnostic and treatment decisions. The
product is still under development stage.
Decision Support
141 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (68/95)
Company
Decision Support
Decision Support
Decision Support
Decision Support
Details
Algosurg [Mumbai, 2016]: Algosurg develops technology solutions for surgeries using advanced computing
methods, enhanced visualization and automation. Offers Tabplan, a 3D surgery planning software using 2D X-ray
images. Provides for generation of 3D bone model using 2D X-ray images. Winner of DST Lockheed Martin
Innovation Awards 2015, India Innovation growth Programme & Gandhian Young Tech Innovation Award 2014.
Kanteron [Valencia, 2005]: Kanteron Systems is a open source software in Health IT - Biomedical Informatics.
The company technology enhances existing PACS-VNA and EHRs by adding functionalities like: genomics,
pharmacogenomics, full-resolution real-time telepathology in standard DICOM image format, activity and sleep
tracker data, analytics inside the clinical report, along with radiology imaging storage and workflow.
Hexalotus [Singapore, 2012]: Hexalotus develops 3D image processing solutions, converting 2D images from CT
Scans and MRIs into 3D models. The solution is believed to be useful in the planning and treatment of liver
cancer. The image processing solutions use advanced technology that was developed and licensed to them by
the Agency for Science, Technology, and Research (A*STAR) in Singapore. The company also collaborates with
A*STAR for on-going development on future products and technology. The web-based platform also facilitates
consultation and assistance among doctors.
Inosens [Istanbul, 2014]: Inosens is a health technology company based in Istanbul that offers data analytics
and decision support systems for hospitals.The company also offers information security applications,virtual
reality and rehabilitation technologies, motion analysis solutions and project/product management consultancy.
The company aims to provide responsive and innovative technological solutions that support healthy living.
142 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (69/95)
Company
Details
Decision Support
CareCDS [Detroit, 2016]: CareCDS, formerly known as PaincareCM offers a clinical decision support software for
healthcare providers. The company's proprietary clinical solution is created with insights to help improve
patients' pain, anxiety, mood, physical and social function, mental health, sleep, and general quality of life.
Solutions provided include precise data collection, medication management, tablet based surveys, dynamic
workflows, instructional videos for patients, resource scheduling, summary reports and point of care risk testing.
PaincareCM was developed by HealthOS, which was a privately held partnership between Next Healthcare USA
Technologies and Medical Information Records. CareCDS was launched in January 2016 by Next Healthcare
Technologies.
Decision Support
SPH Analytics [Alpharetta, 2014]: SPH Analytics (SPHA), previously known as Symphony Performance Health
was founded in 2014 through the merger of Voyance Health, MDdatacor, Archimedes Clinical Analytics and The
Meyers Group. SPHA offers clinical data analytics solutions like clinical decision support, population health
management, association benchmarking, patient experience analytics, surveys for providers and plans, and
member engagement. The company is part of the Symphony Technology Group (STG) and caters to payers,
healthcare organizations and providers.
Decision Support
SyTrue [Chico, 2012]: SyTru offers a business and clinical intelligence platform that converts huge multi-sourced
medical data into actionable data that could potentially help the physicians. SyTrue‘s PaaS, turns unstructured
information into semantically interoperable content that can be leveraged to automate ICD-10 clinical
coding.They have built an OS (NLP OS) that uses an integrated process and accounts for the variations in
language, spelling, document types and coding requirements, saving companies the time and expense that
comes with using a scripted language to clean data.
Decision Support
DreamUp Vision [Paris, 2015]: DreamUp Vision uses deep learning algorithms in its cognitive learning engine,
which can be implemented both as mobile or web application to perform retinal image analysis to detect retinal
disorders like diabetic retinopathy, and their stages. Retinal image from any fundus camera can be analyzed
online using the web or mobile application.
143 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (70/95)
Company
Details
RadSupport [Oakland, 2015]: RadSupport aims to use deep learning algorithm for image analysis to assist
patients and radiologists in mammography image interpretation. As of May 2016, the company is in product
development stage.
Decision Support
Decision Support
Decision Support
DiaScan [Suwanee, 2015]: DiaScan uses data analysis and machine learning algorithms to analyze the CT scan
and gives feedback regarding tumors, such as size, type, stage, and whether the tumor is benign or malignant.
The company claims its software improves a radiologist’s productivity and experience by reducing false positive
rates in diagnosis and by reducing the amount of biopsies. The software is based on the Well - Star Cancer
Screening Protocol.
BigIris [Kansas City, 2011]: BigIris is a medical imaging informatics company that processes large stores of
DICOM imaging data and converts it into actionable information for healthcare organizations. The company
claims its solution helps physicians to extract clinical insights, administrators to understand operational metrics
and payers to identify trends within provider networks .
Trigon Health [Washington D.C., 2014]: Trigon Health provides prescriptive analytics based software solutions
for hospitals and healthcare providers. The patented software is used in improving patient diagnosis, increasing
treatment quality, reducing costs and growing reimbursements. The company is possibly deadpooled.
Decision Support
Decision Support
SweetSpot Diabetes [Portland, 2009]: SweetSpot Diabetes is a health technology company that offers a
platform for aggregating and analyzing diabetes data from patients' medical devices. The platform enables
clinics to download their patients' device data, perform analytics and generate reports The company caters to
patients, physicians, payors, pharma and other researchers. The company was acquired by Dexcom in 2012.
144 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (71/95)
Company
Details
Decision Support
Health Language Analytics Pty Ltd [Eveleigh, 2008]: Health Language Analytics (HLA), formerly known as Health
Language Laboratories (HLL), is based out of Australia and creates language processing solutions of health texts
to solve client needs. Its expertise lies in Natural Language Processing (NLP) of clinical texts, Clinical Data
Analytics and Language Engineering Infrastructure. The company creates tailored solutions to meet each client
needs by experimenting with solutions and integrates the captured knowledge into their technology.
Decision Support
ezDI [Louisville, 2009]: ezDI is a Healthcare Informatics and Analytics Company, which offers cloud-based
Computer-Assisted Coding, Clinical Documentation Improvement & HIM Software/Solutions. The company
provides clinical data mining and analytics tools to healthcare providers. ezDI uses advanced computing
technologies such as Natural Language Processing (NLP), semantic web and machine learning to find meaningful
information from clinical documents.
Decision Support
Decision Support
Decision Support
Artificial Intelligence in Medicine [Toronto, 1983]: Artificial Intelligence In Medicine (AIM) provides artificial
intelligence based software solutions for cancer surveillance and prevention, cancer research, biobanking and
medical laboratory operations. Its product portfolio includes Arbevio which uses AI and NLP to build a
analyzable and searchable database of cancer case information from existing lab reports, clinic visit reports etc.
Inferscience [Newton, 2014]: Inferscience’s Infera is a clinical decision support system (CDSS), providing
clinicians with real-time, evidence-based clinical recommendations at the point of care. Infera captures patient
data from a physician’s EMR, analyzes it using its inference engine and gives recommendations on patient
care.With Infera, clinicians are served evidence-based guidelines within their EMRs, while examining their
patients.
Kalpah [Visakhapatnam, 2015]: Kalpah is a healthcare solutions provider. Deliver automation softwares for
healthcare industry professionals. Offers imaging solution/software for better dignosis of glaucoma, diabetic
retinopathy. Also offers picture archiving and communication system and softwares for Telemedicine and
Clincial R&D.
145 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (72/95)
Company
Decision Support
Details
AI-MED [Hyderabad, 2014]: AI-MED offers a web and mobile based clinical decision support system called PAIRS
( Phyisican Assistant Artificial Intelligence System). Features include Identifying difficult case, patient data,
diagnostics algorithm and diagnostics probability. Featured in DST - Lockheed Martin India Innovation Growth
Program.
Auxoid [New York City, 2014]: Auxoid is a clinical decision support system that uses clinical analytics, machine
learning and computer vision to enable dentists to make better diagnoses. Auxoid is offered to healthcare
providers as a mobile app.
Decision Support
Decision Support
Decision Support
DreamQuark [Paris, 2014]: DreamQuark develops data analysis technologies around deep learning to help
healthcare and insurance professionals develop better diagnosis, prevention and care systems that take
advantage of data(Image, Text and Sound) that have been accumulated about policyholders, patients and
diseases. The solutions offered by the company enable services like Fraud detection, Customer relationship,
System Automation, Prevention, Diagnosis, Risk management and Drug development. The company caters to
providers and payers. The company currently develops technologies related to deep-neural networks.
Sightline Innovation [Winnipeg, 2012]: Sightline is a machine and deep learning cloud services company that
specializes in advanced quality inspection and data analytics servicing in the multiple verticals from healthcare
to manufacturing. They use Sightline Perception Engine (SPE) to serve the immediate needs of industry.
SightLine Innovation has been recognised as one of the top 20 most innovative companies in Canada by CIX.
Triscribe [Edinburgh, 2015]: Triscribe is developing a platform to offer health analytics as a service. The
company claims The company plans to use its analytics to help optimise the right medication for patients by
analysing data from e-prescribing systems in hospitals and healthcare systems.
Decision Support
146 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (73/95)
Company
Decision Support
Decision Support
Details
Asimov Medical [Zurich, 2015]: Asimov provides a software that natural language processing and machine
learning algorithms to process patients' structured and unstructured medical data to extract relevant medical
history to assist doctors in making quicker and correct diagnosis. The data is then presented in an user-friendly
interface.
Wired Informatics [Boston, 2013]: Wired Informatics develops and implements NLP based technology for
electronic medical records. Its product Invenio uses NLP and machine learning engines to turn unstructured
patient's narratives, in the form of clinical notes, into normalized data which is then combined with bio marker
information to assist in diagnosis. Its a spin-off of the Boston Children’s Hospital.
Decision Support
Patient Insight [Los Angeles, 2015]: Patient Insight integrates disparate electronic medical records and provides
search, analytics and data visualization tools to make medical data useful to physicians. Patient Insight claims to
have expertise in: analytical data mining for population health, artificial intelligence / deep learning platforms,
data storytelling and data visualization tools, workforce and workflow management, system integration,
clinician and patient-centered design, leveraging mobile and biofeedback devices, and enterprise system
development.
Decision Support
Triple Analytics [Cleveland, 2014]: Triple Analytics helps healthcare decision makers navigate the emerging payfor-value model of care by identifying interventions for chronic disease management that are both cost effective
and quality improving for targeted patient groups. Triple’s decision support system integrates seamlessly into
clinical workflow, allowing users to compare outcomes of interventions at both the population and individual
level in real time.
Decision Support
EXINI Diagnostics [Lund, 1999]: EXINI provides diagnostics and clinical decision support software that use
artificial neural networks for detecting anomalies in various medical scans. The software leverages artificial
intelligence techniques to perform advanced image analysis to detect various anomalies. EXINI provides 5
products called EXINI bone, EXINI Bone - US , EXINI heart, EXINI brain, EXINI dat. The company was acquired by
Progenics Pharmaceuticals in 2015.
147 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (74/95)
Company
Details
Decision Support
NanoTechGalaxy [New York City, 2015]: NanoTechGalaxy offers a computer aided tool for radiologists to
diagnose images. The deep learning based system claims to be able to detect lung nodule in X-ray and estimate
the probability of malignancy. According to the company, its solution can save an estimated time of 15 minutes
per scan. The company was selected for accelerator program like MassChallenge and Valley Venture Mentors in
2016.
Funding
Investors
QorQl [Noida, 2015]: QorQI is building a digital healthcare infrastructure which is connecting different players in
the healthcare ecosystem. They are currently working on unstructured health data - for better prevention,
diagnostic accuracy, clinical decision support and medical research.
Decision Support
Decision Support
Doctor's Diary [Lucknow, 2015]: Doctor's Diary is a product of Brainpan Innovations. The initiative based out of
India, is in the developmental phase and its pilot phase is underway as of January 2016. Doctor's Diary is an
Electronic Health Record (EHR) application that promises 'one patient, one record' for the 1.25 billion Indian
population. The platform is developed using machine learning algorithms. The company claims that Doctor’s
Diary will help understand each patient’s health, minimize human errors, prevent wrong diagnosis and help the
doctors to make a more informed decision.
Precision Health
Sequoia Capital, Mayo Clinic, SVB
Financial Group, Four Rivers Group,
Assurex Health [Mason, 2006]: Assurex Health is a personalized medicine company dedicated to helping
CincyTech, North Coast Angel Fund,
clinicians determine the right medication for individual patients suffering from neuropsychiatric and other
Claremont Creek Ventures, Allos
medical conditions. Assurex Health’s proprietary Genesight technology is based on pharmacogenomics – the $92.47M
Ventures, Alafi Capital, Cincinnati
study of the genetic factors that influence an individual’s response to drug treatments – as well as evidenceChildren’s Hospital Medical Center,
based medicine and clinical pharmacology.
Cross Creek Advisors, GE Capital, jVen
Capital, QCA First Fund, Claremont
Creek Ventures
148 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (75/95)
Company
Details
Funding
Investors
S23P, Safeguard Scientifics, Ascension
Ventures, Social Capital
Precision Health
Syapse [Palo Alto, 2008]: Syapse provides a precision medicine data platform that enables laboratories,
registries, and providers to use molecular profiling to diagnose and treat patients. It offers Syapse precision
medicine data platform that enables academic and community healthcare providers to integrate complex $39.5M
genomic and clinical data to provide clinicians with actionable insights at point of care, enabling diagnosis,
treatment, and outcomes tracking.
Swisscom, Endeavour Vision, A3
Angels, Invoke Capital
Precision Health
Sophia Genetics [Lausanne, 2011]: Sophia Genetics is a precision health company, based out of Switzerland,
that helps clinicians and physicians to diagnose and treat genetic diseases. The platform uses machine learning
algorithms to process and analyze genomic data and arrive at clinical insights. The data used for processing
$31.75M
includes patient DNA sequence data generated by an NGS platform. The company also validates genetic tests
and caters to hospitals and labs across Europe. The algorithms used by Sophia Genetics are patent -pending. Has
offices in Switzerland and France.
Chrysalis Ventures, Ann Arbor Spark
Precision Health
Intervention Insights [Cambridge, 2009]: Intervention Insights helps community oncologists incorporate
molecular oncology into their practice. Offers a platform that connects physicians, payers and labs. Solutions
offered: Labs can perform evidence-based molecular testing; Physicians can identify appropriate treatments for $10.7M
patients through actionable reports and Payers can establish evidence-based coverage policies. Reporting
offered: Compares patient test results, Presents treatment options and enables the design of coverage policies.
Thinkplus
Precision Health
BaseHealth [Redwood City, 2011]: BaseHealth offers Genophen, a health management platform where patients
can upload their health, lifestyle, and genetic data and receive information on their personal disease risks, along
with recommendations to reduce those risks. Providers can integrate the platform to their existing EHR or $9.01M
patient portals and also use it to create customized patient health care plans. BaseHealth has also launched
Genophen as an open API for developers and offers assessments and content related to disease risks.
Precision Health
Vitagene [San Francisco, 2014]: Vitagene is a health technology company that offers physicians a decision
support platform which uses algorithms and genomic data to offer supplement recommendations. The platform
takes in patient data including blood work, genetics, and lifestyle information and analyzes it with Vitagene's
Knowledge Base which contains supplement-disease association knowledge. It produces personalised
supplement regimen recommendations.
149 Healthcare Analytics Report, July 2016
$6.6M
Illumina, Viking, spectrum28.com
Suite Solutions
Clinical
Financial
Operational
Clinical (76/95)
Company
Details
Funding
$4.9M
Precision Health
PanGenX [Auburndale, 2010]: PanGenx has developed a B2B software that extracts information from clinical
data warehouses, outcomes repositories, genomic databases, and peer-reviewed articles, and translates it into
usable information for its customers. Pharma companies, for instance, can use their software platform to
identify and focus on higher probability drug candidates, design better clinical trials, increase probability of FDA
approval, and improve formulary adoption as well as market penetration. Health plans and pharmacy benefit
managers can use it to evaluate the comparative effectiveness of therapeutic treatments and refine disease
management guidelines appropriately; and for health plans, hospitals, and providers to inform personalized
treatment options for their patients.
Precision Health
Precision Health
Precision Health
Notable Labs [San Francisco, 2014]: Notable Labs provides precision medicine and clinical decision support
solutions to healthcare organizations. Currently available for Brain cancer. It is a personalized testing service for
$4.61M
cancer patients that prioritizes combinations of FDA-approved treatments that can be immediately prescribed
by a doctor without a clinical trial. It was incubated at YCombinator.
Investors
Y Combinator, First Round Capital,
Founders Fund, FundersClub, Great
Oaks Venture Capital, ABC2, Fuel
Capital, Upside Partnership, Amasia,
Eleven Two Capital
Inform Genomics [Boston, 2010]: Inform Genomics is a precision medicine company that develops genomicbased, products designed to predict clinically relevant outcomes that can assist physicians in making decisions.
The company's ONPART, is a molecular diagnostic product designed to predict an individual patient’s risk of side
$3.93M
effects associated with prescribed chemotherapy regimens and assess, a patient’s willingness to tolerate those
side effects. The company's technology platform uses advanced bioinformatic analytics and patient assessment
tools to discover interactions of genes and SNPs that can predict clinical outcomes.
Percans Oncology [Beijing, 2012]: Percans Oncology is a personalized treatment plan services company for
cancer patients. It provides individualized treatment programs for cancer patients and also provide care
services. It has a I-Graft technology platform to find the most effective treatment plan for every tumor, thereby
aiming to prolong and save the lives of patients.
150 Healthcare Analytics Report, July 2016
$3.9M
Legend Capital, Legend of the Star
Suite Solutions
Clinical
Financial
Operational
Clinical (77/95)
Company
Details
Funding
Precision Health
N-of-One [Lexington, 2008]: N-of-One is a molecular decision support company providing clinicians with
clinically meaningful interpretation of molecular test results. It analyzes and interprets tumor molecular profiles
to help physicians identify diagnostic and treatment strategies. Solutions offered: Precision Insights, a case$2.45M
specific report for NGS panels and TrialMatch, uses patient’s molecular data to identify the best clinical trial
options for patients. The company claims it provides decision support service to physicians and that it is not a
diagnostic laboratory or a bioinformatics company.
Precision Health
Allostatix [Cincinnati, 2005]: Allostatix is a healthcare data company that uses neural networks to dissect health
data and predict disease and death in healthy people. The company claims it can predict diseases 3-5 years in
advance and with up to 90% accuracy. Allostatix tool measures allostatic load which is a parameter that looks at
how how stress affects the body’s systems and lead to illness. Allostatix is a portfolio company of Ohio State
University, started with an investment of $500,000. Since then, a small group of Cincinnati residents has
invested $2.2 million in the startup.
Precision Health
GenomOncology [Cleveland, 2012]: GenomOncology is a healthcare technology company enabling precision
medicine by transforming genomic data into actionable information. It has developed a proprietary technology
platform to streamline the use of next generation sequencing in medicine and research. Its Precision Medicine
Portfolio is a suite of products and services that addresses for precision medicine in molecular pathology and
medical genetics, particularly in the field of oncology and other hereditary diseases. This portfolio supports test
validation and production, clinical decision support, and analytics for both monitoring and discovery. Its other
products include the GO Validation Toolkit, the GO Clinical Workbench, GenomAnalytics. It also offers scientific
services like test validation, customization, integration and research.
Precision Health
Oncora Medical [Philadelphia, 2014]: Oncora Medical uses precision clinical data and predictive analytics to
help improve cancer care by providing a decision making tool for radiation oncologists. The software allows a
radiation oncologist to compare a current patient against thousands of similar patients treated at their center
$1.23M
(and throughout Oncora's network) using advanced machine learning techniques. The software helps to reduce
the time required to create a treatment plan and helps identify and correct unsatisfactory treatment plans
automatically.
151 Healthcare Analytics Report, July 2016
Investors
Common Angels, Converge Venture
Partners, convergevp.com/
$2.4M
$1.5M
North Coast Angel Fund, Jumpstart,
TriStar Technology Ventures, Zapis
Capital
Dorm Room Fund, BFTP, Bioadvance,
Ben Franklin Technology Partners of
Southeastern Pennsylvania, Dreamit
Ventures, iSeed Ventures
Suite Solutions
Clinical
Financial
Operational
Clinical (78/95)
Company
Details
Funding
Investors
$1M
Klister Credit, Killick Capital, Pelorus
Venture
Precision Health
Sequence Bio [St. Johns, 2013]: Sequence bio is a population-based genomics company that helps modern drug
discovery and patient care. The company’s platform integrates real-world genomic and phenotypic data from a
unique patient population and uses data analytics to enable data-driven therapeutic discovery and
development. SequenceBio is a leading a precision medicine initiative in Newfoundland with the goal of
engaging 100,000 participants and utilizing genomic and phenotypic data to advance precision medicine.
$600K
Portugal Ventures
Precision Health
Coimbra Genomics [Cantanhede, 2013]: Coimbra Genomics has developed ELSIE, a clinical decision support
system based on a patient’s whole genome sequence. The software platform, ELSIE, allows physicians to consult
their patients’ genome sequence through standardized queries, and quickly obtain easy-to-read reports with
information relevant for clinical decisions. Its flexibility allows coupling to any sequencing technology,
integration into existing IT systems and compliance with different legal and logistic requirements. The system
also allows the matching of clinical and genetic data to unveil valuable genome-phenome correlations.
$443k
Highland Capital Partners, Techstars
Precision Health
BetterFit [Cambridge, 2011]: BetterFit Technologies develops tools that predict the side effects and overall
efficacy of drugs on an individual level by comparing the patient's profile of past drug reactions and medical
conditions to other users in our database. BetterFit is an artificial intelligence platform that uses FDA datasets
and big data analytics to predict how patients will react to medication. Using these insights, they help patients
get on the right drug faster, anticipate adverse events and engage with patients in real time using SMS
conversations.
$70K
Precision Health
Kuveda [San Jose, 2013]: Kuveda’s big data platform, enables evidence based personalized therapeutic cancer
treatment options based on a patient’s molecular profile which includes bio-markers, proteins, genes, pathways,
specific molecules, etc. The company combs curated repositories for relevant pharmacological, biological,
toxicological and genetic information to give oncologist the most comprehensive report possible. Was part of
StartUp health accelerator.
$50k
Precision Health
LuminaCare Solutions [Boston, 2013]: LuminaCare Solutions​ provides​ cloud-based predictive ​analytic
software ​that personalizes​ treatments for patients with ​bacterial infections. ​The proprietary​ ​technology rapidly
guides​ the selection of appropriate antibacterial treatments ​within 24 hours​​,​ minimizing the length of hospital
stay and cost of care ​for each patient​. Getting the patient on correct antibiotic within 24 hours reduces the
length of stay for the patient by at least 40%.
152 Healthcare Analytics Report, July 2016
StartUp Health, umb.edu
Suite Solutions
Clinical
Financial
Operational
Clinical (79/95)
Company
Details
Funding
Investors
$28.4k
Wayra
Precision Health
Geneix [London, 2012]: Geneix personalise prescribing by matching medication to patient DNA. The company's
precision prescription pipeline analyses a patient's sequenced genetic data to create their unique drug response
profile. When a doctor prescribes a new medication they are alerted to any potential adverse drug reactionshelping them to predict how their patient may respond to the proposed treatment. Geneix is also working to
integrate reports into EHR.
$20K
Blueprint Health
Precision Health
Signifikance [New York City, 2014]: Signifikance is a data driven company that identifies clinically actionable
genetic mutations for cancer.
Hospitals and companies running genomic applications use Signifikance's
platform to identify actionable information that can guide physicians' decisions about treatments and diagnosis.
Its main product, Signifikance Insights, is a SAAS platform to analyze cancer patients' genomics data. Clinicians
and researchers use it to assess the clinical significance of a patient's genetic variants in just a few minutes. This
solution significantly reduces the time and resources required to analyze a patient's gene sequencing data,
enabling the users to process more tests, hence generating more revenue.
CureMatch [San Diego, 2015]: CureMatch is an oncology precision medicine startup that offers a computational
decision support platform. The platform matches cancer patients with optimal Rx combinations to offer
personalized cancer medicine.
Analytics Ventures
Tabula Rasa Healthcare [Moorestown, 2013]: Tabula Rasa Healthcare provides patient-specific, data-driven
technology and solutions that enable health care organizations to optimize medication regimens to improve
patient outcomes, reduce hospitalizations, lower health care costs and manage risk. Its cloud-based software
applications include EireneRx, which is used by at-risk healthcare organizations to access its patients'
medication-related information; MedWise Advisor that allows for components of EireneRx to be used
independently and by a broader healthcare audience; and NiaRx, an educational software platform used in the
pharmacy educational community. Serves approx. 100 customers as of Jan 2016. Filed for an IPO on 5 Jan 2016,
aiming to raise $115M.
Eastward Capital Partners, Emerald
Stage2 Ventures, Radius Ventures,
Originate Ventures, Rittenhouse
Ventures
Precision Health
Precision Health
153 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (80/95)
Company
Details
National Institutes of Health, Sunquest
Information Systems
Precision Health
GeneInsight [Boston, 2012]: GeneInsight is a platform developed by Partners Healthcare and used to streamline
the analytics, interpretation and reporting of genetic test results. GeneInsight supports the interpretation and
reporting of genetic sequencing and the delivery of results to clinicians. Solutions include: GeneInsight Lab, a
laboratory tool to assist with knowledge management and report generation; GeneInsight Clinic, a standalone
clinician interface to enable delivery of patient genetic test results to clinicians; GeneInsight Network, a
networking infrastructure designed to enable transfer of structured genetic data between and among
laboratories and clinicians.
New Enterprise Associates, CBC
Capital, Cenova Ventures design, Ally
Bridge Group
Precision Health
LinkDoc [Beijing, 2014]: LinkDoc is an oncology-focused big data company which is involved in medical
information systems integration and application software development. It claims to have built a rich repository
of cancer patients' medical records and comprehensive clinical data. It empowers evidence-based, personalized
cancer treatment in China by providing doctors with valuable analytics derived from its oncology database. The
company claims to be also working with pharmaceutical companies to leverage its database for drug
development and marketing. It has raised Series B round of funding from Ally Bridge Group, CBC Capital, NEA
and Cenova Ventures.
Plug and Play Ventures, Launchpad
Digital Health
Precision Health
InsightRx [San Francisco, 2015]: InsightRX, a precision medicine company founded in 2015, offers to optimize
drug dosage for the individual patient. Efforts in precision medicine, currently, focuses only on selecting the
right drug for the right patient and drug dosage is overlooked. According to the company, its InsightRX software
platform provides an informed patient-specific dose by leveraging machine learning, mathematical models,
patient demographics, physiological characteristics, pharmacogenomic data, drug concentrations and
biomarkers. The company caters to Clinical Pharmacists and Physicians and aims at reducing adverse events,
improving outcomes and reducing hospital costs.
Tech Wildcatters
Precision Health
CancerGene Connect [Dallas, 2015]: CancerGene Connect is a cloud-based, SaaS provider of genetic counseling
productivity tools and systems developed by UT Southwestern. It identifies those patients who have a who have
a genetic predisposition to developing cancers. The platform remotely gathers patient history, runs risk
assessment models, draws family trees, generates patient reports, and creates a database. The company claims
the platform allows for published time savings of up to 46% when compared to other methods. Also offers
provider portal and mobile questtionnaire.
154 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (81/95)
Company
Details
Precision Health
Translational Software [Bellevue, 2009]: Translational’s decision support tools for clinical genomics enable
providers to interprets molecular test results from pharmacogenomics to oncology. Translational Software
transforms genetic and molecular data into actionable insight that enables physicians to deliver personalized
care. Offers pharmacogenomic interpretation for drugs used in cardiology, psychiatry, neurology and pain
treatment. Provides a web portal for doctors to reach clinical laboratories.
Precision Health
Avatar DSS [Tampa, 2015]: Avatar DSS offers a treatment decision support system that simulates multiple
treatment options for Cancer and analyzes the results to determine the best approach for a specific patient. The
company uses patient specific data and clinician input to make predictions of cancer tumor growth and
treatment response. These predictions are used to make a personalized treatment plan. The idea for the
platform was conceived by researchers in Moffitt Cancer Research Center. The company was part of the
HealthBox Miami 2015 class.
Precision Health
Tempus [Chicago, 2015]: Tempus offers a sequencing, analytics and informatics platform for cancer treatment
that helps physicians make real-time data-driven decisions based on computational analysis of a patient’s
pathology. The platform analyzes a patient’s genetic data in the context of molecular therapies. The company
claims its goal is to connect bioinformatics with anatomical pathology providing doctors with relevant insight so
they can make personalized oncological decisions based on a patient’s genetic profile to improve in-clinic cancer
care.
Precision Health
Kinolai Health [Wyncote, 2015]: Kinolai Health is a precision medicine company that uses genomic analytics to
help medical providers achieve greater precision in diagnosing, engaging and treating patients. The company
claims to help physicians choose the right medicine, for the right person, at the right dose and at the right time.
Features include: Clinical Chemistry, Physiologic Data, Gene Data, Disease State, Clinical Context, Network
Analytics, Drug Interactions, Treatment Scoring, Compliance, Life Style, Action Cues and Workflows.
Precision Health
1Datapoint [Toronto, 2012]: 1Datapoint is developing diagnostic tools for mental health. It uses a custom app
to collect data and applies big data analytics to mine for behavioral markers associated with mental health
disorders. Its flagship product enables physicians to tailor medicine regimens for patients according to their
specific behavioral markers. The current status of the company is unknown.
155 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (82/95)
Company
Precision Health
Details
PrecisionGx [Philadelphia, 2015]: PrecisionGx provides data analytics to health plans in order to implement
targeted genomic testing. The company claims its technology provides a targeted approach to genomic testing
and helps in decreasing pharmaceutical drug spend and improving the quality of care for patients through
reduction and avoidance of adverse drug events.
Precision Health
Genophen [Los Altos, 2008]: Genophen is a product of Basehealth. It is a health management platform where
patients can upload their health, lifestyle, and genetic data and receive information on their personal disease
risks, along with recommendations to reduce those risks. Providers can integrate the platform to their existing
EHR or patient portals and also use it to create customized patient health care plans. Genophen is also available
as an open API for developers and offers assessments and content related to disease risks.
Precision Health
OmniSeq [Buffalo, 2015]: OmniSeq offers a suite of precision medicine solutions to physicians that claims to
combine genomic data with information technology. The company's OmniSeq Target for lung cancer offers
genomic sequencing services that can be ordered online by the physician. Its OmniSeq Connect is a web-based
testing order entry that can be integrated into EHR and offers payment verification, coordination of specimen
collection, access to testing reports online, and mobile and email updates. The company's OmniSeq Genomic
Network is a physician network that offers access to molecular testing for cancer, access to molecular clinical
trials tool and genomic network database.
Precision Health
Novagen Analytics [Cambridge, 2015]: Novagen Analytics is a precision medicine company that offers an
analytics engine which develops relationships between genomic variations and external environmental factors.
The engine uses machine learning algorithms and inferencing techniques to make predictions that can help with
individualized health care. The company which is yet to launch claims that applications can range from
personalized medicine to pre-birth disease detection. According to the company its customers are individuals
and healthcare providers looking to provide personalized care.
156 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (83/95)
Company
Details
Precision Health
Coriell Life Sciences [Camden, 2013]: Coriell Life Sciences develops and commercializes pharmacogenomics
tools for clinicians. Its platform technologies allow clinicians to order genomic sequencing, access expert
interpretations, and store genomic data securely. Its flagship product GeneDose analyzes buccal swabs from
patients to predict drug pharmacokinetics, metabolism and adverse effects. It tests 18 genes across different
therapeutic indications, including pain managemen, cardiology, gastroenterology, neurology, psychiatry,
oncology, anesthesiology, endocrinology ,infectious diseases and rheumatology. Coriell has an ongoing
partnership with IBM, and has won the IBM Global Entrepreneur of the Year award in 2014.
Precision Health
Health Heritage [Chicago, 2014]: Health Heritage is an online genomic medicine decision support application
that aggregates and analyzes data from medical records, genetic tests and family history to assess disease risk. It
helps healthcare providers decide on the most appropriate testing and therapy for high-risk patients, avoid
unnecessary testing for those without much risk and produces the medical justification insurers seek before
paying for genetic screening.
Funding
Investors
Lucas Venture Group, Maiden Lane,
Summation Health Ventures
Care Quality
MD Insider [Santa Monica, 2012]: MD Insider is a startup that mines health data to produce physician quality
scores. For each physician, the platform combines medical data with multiple factors like physician education,
sanctions and cost metrics to arrive at an overall score. The outcomes are also projected based on readmission
rates, surgical infections and length of stay. Consumers can use the platform to find and choose high quality $24.3M
doctors. Health systems can use it to enable online appointment and scheduling and the insights to improve
quality and reduce leakages. Payers and Employers use the platform to match their employees or members to
the right doctor.
Grayhawk Capital, Kansas Bioscience
Authority
Care Quality
Health Outcomes Sciences [Overland Park, 2010]: Health Outcomes Sciences is helping define the solution to
healthcare’s crushing cost/quality issues. The company offers ePRISM, a medical platform that brings published
and peer reviewed clinical research to the point of care. Presentation of this data is helping physicians
$15.7M
determine the best course of action for the individual. The company's solutions empower users to see complex
relationships between clinical variables—such as comorbidities, sociodemographic attributes, biochemical
markers and genomic determinants—and patient outcomes.
157 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (84/95)
Company
Details
Funding
Investors
Care Quality
ArborMetrix [Ann Arbor, 2011]: ArborMetrix provides cloud-based platform for performance measurement and
RPM Ventures, Arboretum Ventures,
clinical intelligence in acute and specialty care hospitals. Their product EpisodeMetrix, an episode cost analysis
Michigan Venture Capital Association,
solution gives payers and providers critical insights into payer claims data and helps them optimize acute care
$11.78M Renaissance Venture Capital Fund,
costs and monitor quality. In addition, it offers RegistryMetrix, a solution for creating an advanced clinical
Detroit Innovate, Wolverine Venture
registry to the specific needs of specialty, and SurgicalMetrix, a solution that provides a comprehensive view of
Fund
the performance of surgical groups by integrating and analyzing clinical, financial, and operational data.
Care Quality
Pascal Metrics [Washington D.C., 2007]: Pascal Metrics is a healthcare data analytics company that provides
solutions designed to improve patient safety in hospitals, to healthcare providers. It offers Pascal HealthBench, a
Web-based software platform that provides clinical surveillance, data collection, reporting, and interactive
$10.88M
analytics. The company aims to provide a solution that can detect and predict harm to patients. The company
also ofers safety culture, employee engagement and satisfaction, analytics consulting, trigger tool training,
clinical intervention and training, and behavioral observation services.
Care Quality
IHM Services [Burlington, 2012]: IHM Services (acquired by Persivia in 2015) is an analytics provider that offers
a SaaS based solution focused on quality and regulatory reporting for hospitals. The company claims by
transforming hospital data into actionable information it helps improve patient care and safety, produce
$5.88M
predictable medical outcomes, mitigate clinical risk and improve financial performance. The company’s
meaningful use and clinical reporting solutions help hospitals achieve compliance with federal P4P programs.
IHM combines proprietary mapping and clinical intelligence with evidence-based guidelines.
Care Quality
Health Data Vision [Burbank, 2009]: Health Data Vision provides a SaaS-based healthcare analytics platform for
medical record analysis and targeted solutions. The company’s Medical Record Collection System (MRCS)
platform offers scalable workflows and automation for needs of health plans and providers. The platform offers $3.75M
services such as healthcare quality audits; Medicare risk adjustment; payment integrity; and provider surveys
and compliance.
Care Quality
MDdatacor [Alpharetta, 2001]: MDdatacor (part of SPH analytics) collects, stores, manages and analyzes
patient medical information from multiple data sets. MDdatacor’s patented web-based system, MDinsight, is
used to support quality measurement and improvement and facilitate patient data sharing across providers and
care settings. The system analyzes data against evidence-based guidelines. Noridian Mutual Insurance Co
acquired MDdatacor in 2011. In 2014 Symphony Technology Group bought MDdatacor from Noridian.
158 Healthcare Analytics Report, July 2016
$3M
Upfront Ventures, Redhills Ventures
Dianon
Suite Solutions
Clinical
Financial
Operational
Clinical (85/95)
Company
Care Quality
Care Quality
Details
Funding
Investors
MPIRICA Health [Bellevue, 2014]: MPIRICA platform helps consumers and employers pinpoint the highest value
provider in any geographic area, nationwide. Mpirica Health develops and operates a cloud-based software
platform that crunches federal data about hospital procedures with cost information to help consumers. It
raised series A from the McQuinn Trust, an early stage, private investor.
$2M
OurCrowd
Dabo Health [San Francisco, 2011]: Dabo Health provides a free platform to view and track improvement in
performance metrics, to collaborate across hospitals and healthcare systems, and to identify and share evidence
based best practices. The platform helps management to set performance targets for an organization, set
internal priorities, provide performance transparency and create awareness across all levels.
$2M
Safeguard Scientifics
Care Quality
Diameter Health [Farmington, 2013]: Diameter Health offers analytic solutions that help health providers to
forecast patient outcomes, avoid penalties and provide insight for clinical documentation. The company's
platform DH Fusion includes analytical solutions like: DH Predict, DH Envision, DH Staff, CCD Analyzer, DH $1.85M
Cohort, DH Quality. The company's predictive readmission prevention algorithms are currently used in the
Apervita platform.
Care Quality
HealthPlan Data Solutions [Columbus, 2010]: HealthPlan Data Solutions (HDS) analytics helps save money on
the pharmacy expenditures of self-insured employers, state organizations, and Medicaid/Medicare health plans.
HDS uses its software to analyze pharmacy claims data and medical data. The company measures the $1.85M
performance of providers in a plan's network making the providers accountable for their performance. HDS also
identifies patients who will benefit from early interventions.
Care Quality
SurgeonCheck [Bethlehem, 2016]: SurgeonCheck offers a SaaS-based analytics platform that rates surgeons
based on actual procedural practices, patient outcomes, and costs against the latest peer-reviewed clinical
research. The company appears to be in Stealth mode but company employees claim that the software provides $1.09M
statistical analysis, notifications and reports by applying predictive analytics and machine learning algorithms.
Caters to patients, providers and payers.
159 Healthcare Analytics Report, July 2016
Connecticut Innovations
Suite Solutions
Clinical
Financial
Operational
Clinical (86/95)
Company
Details
Funding
$865k
Care Quality
Ascender [San Diego, 2004]: Ascender Software, now acquired by Matrix Medical Network, is a healthcare data
analytics company that provides solutions to healthcare organizations needing to improve their performance
(HEDIS, P4P, HCC, PQRI and STARS) outcomes. The company offers Pay for Performance Module that collects,
computes, reports, and helps to manage the clinical measurements for P4P; Pay for Performance Premier
Module, which empowers provider organizations to manage out-of-compliant patients by creating and
managing letters, phone lists, and email communications; and HCC Module that applies built-in algorithms to
identify patients who have possibly been inaccurately coded.
Care Quality
Deep Domain [Redmond, 2007]: Deep Domain’s solutions offers to help healthcare providers pull data from
EHR, automatically generate and distribute reports that highlight a practice’s performance improvement. The
services offered include push-button reports, report sharing, data clean up and action report automation. Deep $739.33k
Domain comes pre-loaded with a core analytics pack and commonly used reports and monitors like CMS, HEDIS,
UDS and NCQA.
Care Quality
Care Quality
Care Quality
FIGMD [Schaumburg, 2010]: FIGMD offers data collection, measurement, analysis and reporting solutions for
improving healthcare quality. Its QMIS enable organizations to establish quality measurement programs;
$600.07K
analyze the measured data and facilitate quality improvement (QI) initiatives that are tied to physician
compensations.
Clinigence [Atlanta, 2010]: Clinigence develops, publishes, and provides SaaS solutions for clinical data and
patient care to HCOs. The company's SaaS platform works with EHRs to deliver data analytics, predictive
modeling, and business intelligence -turning patient data into information for improvement in clinical and
financial outcomes. It offers its solutions for accountable care, medical home, pay-for-performance, and
population health.
$100k
Care Analytics [London, 2013]: Care Analytics, based out of London, provides decision support tools that help
social care practitioners to make informed decisions. It offers: Care assessment, a best practice assessment tool
and Care Predictor, a financial modelling tool that estimates budget costs. The tools are designed to identify bad
practices and inefficiencies in the care delivery.
$100K
160 Healthcare Analytics Report, July 2016
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (87/95)
Company
Details
Silverton Partners
Care Quality
Crimson [Austin, 1979]: Crimson, is a provider of data, analytics and business intelligence software to hospitals,
health systems, and physician clinics. Crimson's business intelligence platform aggregates data and applies
algorithms to help hospitals elevate physician performance related to quality and cost. The company offers
physician data analytics platform that automatically generates physician profiles with detailed data; and
physician management software, a Web-based application, which compiles physician performance and
evaluates their practice patterns against benchmarks, guidelines, and practices. The company was acquired by
Advusory Board Company in 2008.
Accordion Health [Austin, 2014]: Accordion health, a predictive analytics company founded in 2014, provides a
platform for patients to explore and compare costs for medical procedures and understand how these
procedures relate to their health. Accordion Health also provides periodic personalized forecasts to help
patients understand future scenarios, both medically and financially.
The National Science Foundation
Care Quality
Care Quality
AcesoCloud [Sunnyvale, 2015]: AcesoCloud offers healthcare systems a suite of cloud based solutions to
manage Sepsis program, improve outcomes and reduce cost of care. The AcesoCloud Analytics Platform assist
health systems to assess their current sepsis programs, reduce their mortality rates and to plan, initiate and
monitor process improvements to improve care coordination.
Care Quality
Biome [Sausalito, 2010]: Biome builds cardiovascular focused clinical performance analytic applications for
hospitals and health systems. The company claims its applications help its clients to drive their transition to a
“Value Based Care” delivery. Features include: machine driven algorithms that identify clinical and financial
opportunities, performance benchmarking and impact prediction and community-driven library of measures.
Biome offers clinicians a personalized dashboard.
Care Quality
Boundary Medical [Minnetonka, 2001]: Boundary Medical is a SaaS-based clinical outcome measurement
company focused on driving better, more affordable insight to healthcare cost reduction including ACO models,
treatment registries and clinical practices. They use medical outcome information as a standard in clinical
practice for evidence-based and comparative medicine. Use an innovative and affordable outcome
measurement platform to enable clinicians and researchers involved in studies, registries and routine patient
care.
161 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (88/95)
Company
Details
Care Quality
OncoStats [Braga, 2014]: OncoStats is a cloud based healthcare platform that combines a statistical engine with
an oncology EMR to provide actionable insights on a physicians or practices performance. The company claims
to provide a flexible EMR that can filter through patient database in natural language. The solution can be used
by physicians or providers to benchmark themselves against other oncology professionals. The company also
offers to design and manage clinical trials. The company is now in the Beta testing phase.
Care Quality
CredenceHealth [Nashville, 2008]: Nashville based CredenceHealth automates concurrent Core Measure
compliance and identifies emerging complications via a Clinical Intelligence Engine. The web-based engine
delivers meaningful and actionable clinical intelligence in real-time while patients are still in the hospitals
utilizing evidence-based medical research and best practice standards (like CMS, IHI, CDC, JCI, NSQIP). Intuitive
reporting layouts provide access to relevant clinical information about multiple patients for integrated viewing
and assessment.
Care Quality
MyPracticePulse [Dallas, 2014]: MyPracticePulse provides an online dashboard that allows doctors to track and
compare their performance to national averages by their specialty. Based on a few Key Performance Indicators
(KPIs) added by the doctors, the benchmarking tool pinpoints the areas of their practice that need to be
addressed. MyPracticePulse can be used on a mobile, tablet or PC.
Care Quality
Forecast Health [Durham, 2014]: Forecast Health provides health systems with predictive analytics that enable
providers to know which patients are likely to end up back at the hospital, unlikely to take their medications, or
at high risk of complications. The company helps providers identify adverse events, identify desirable customers,
identify opportunities and coordinate patient flow. The company offers to reduce penalties for hospital
readmissions and increase the gain-share from payers.
Care Quality
InSample [San Francisco, 2013]: InSample (currently dead-pooled) offered browser-based analytic tools and
access to curated health data. The company claimed to have curated, warehoused and analyzed data from
multiple sources. Platform features included: performance benchmarking, key metrics calculation and patient
populations analysis. The company catered to healthcare service providers and health plans. The company
stopped its operations in 2014.
162 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (89/95)
Company
Details
Care Quality
Excelion Tech [Toronto, 2005]: Excelion, based out of Canada, offers Real-Time Hospital Measurement System
which helps reduce hospital acquired infections. The company uses a RDID / IR sensing technology and a
software system, Accreditrack, to track hand hygiene compliance of care givers by analyzing real time data and
providing actionable feedback. The company claims that its system helps hospitals save time, money and
energy.
Care Quality
Shepard Health [Fontana, 2016]: Shepard Health is a Consultancy and Software Development Firm. The
company's proprietary software suite, FIXXER, a Clinical Process Management software. Features include:
standardize quality of care, monitor compliance, Automate Catheter-Associated Urinary Tract Infection (CAUTI)
Surveillance, Real-time action to reduce unnecessary Red Blood Cell (RBC) transfusion, Real-time alert for the
identification and appropriate treatment of Sepsis. The company also offers consultancy services associated
with its software.
Care Quality
Excel Health Group [Atlanta, 2014]: Excel health is an Analytics-as-a-Service company that uses data analytics to
track patient flows and benchmark performance metrics. The company caters to acute and ambulatory care
providers and payers. Excel helps providers compare their performance against competitors, keep track of
metrics and use it to reduce readmissions and penalties. Excel helps payers and ACOs optimize their provider
network.
Care Quality
Epimed Solutions [Rio De Janeiro, 2008]: Epimed solutions, is a company based out of Brazil that provides
predictive analytics tools to improve care quality and efficiency in hospitals. The company focuses on highcomplexity patients and measures patient safety, control of infection and care management indicators.
Currently the Epimed Solutions has focused systems for ICU, inpatient units, Infection Control, Patient Safety
and Hemodynamics.The solution is implemented in over 400 hospitals in Latin America.
163 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (90/95)
Company
Details
Care Quality
Avant-garde Health [Cambridge, 2014]: Avant-garde Health is a technology and data analytics company that
offers a web-based platform for hospitals and physicians to track their performance, interpret and develop
performance improvement plans. The company's Time-Driven Activity-Based Costing (TDABC) process,
calculates the cost of each service by multiplying the number of minutes spent on it by each type of clinician or
staff member by the cost per minute of each of their time. The company launched its first product first in joint
replacements and now are extending into spine surgery. The company is building a network of hospitals and
healthcare providers who use their technology and analytic tools to measure the costs of their care processes,
compare treatment specific data, and learn from peer hospitals to improve their results.
Care Quality
Vasanta Health [Massachusetts, 2015]: Vasanta Health is a Cambridge, Massachusetts based company that
provides a solution that can predict and prevent burnout among nursing staff. The nurses use a wearable device
during their shift and the data from the device is analysed by the system to help employers identify and monitor
nurses who are close to burnout. The solution helps to reduce injury, improve patient outcomes and help
administrators to make better scheduling choices. The patent for the system is pending.
Care Quality
Hexplora [Rocky Hill, 2013]: Hexplora, founded in 2013, offers cloud based data warehousing, performance
analytics, enterprise data reporting and predictive analytics. The solutions offered under performance and
predictive analytics include risk scores and future expenditure forecast, disease identification and stratification,
and disease incidence and prevalence trend. Hexplora caters to health plans, ACOs, self-insured employers, and
IPAs
Care Quality
CleMetric [Madison, 2013]: CleMetric offers a suite of analytics software for improving hospital care quality.
Products include: Q2Care, Critical care analytics for detecting patterns that could improve critical care patient
management and treatment; Q2Care AI, Anti-infection analytics for detecting systemic inflammatory response
syndrome (SIRS), sepsis, septic shock, and ventilator-associated pneumonia; IQAlarm, to filter out unnecessary
alarms; Q2Act, to determine the likelihood of unplanned readmission per patient; and HistoCare, Historical
patient analytics.
164 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (91/95)
Company
Details
Care Quality
New Health Analytics [Richmond, 2008]: New Health Analytics offers SaaS-based analytics applications that
enable healthcare providers to improve patient outcomes, lower costs, increase efficiency, decrease operating
risks, benchmark work against competitors, and maintain compliance and accreditation. Solutions offered
include: Manager, an analysis and benchmarking tool for operations, finance, and quality managers; Planner, a
strategic planning support tool that uses state claims data to benchmark operations; Ambulatory, an analytics
tool for surgery centers; and Research, customized analytics using claims data. The company caters to hospitals,
ambulatory surgery centers, integrated delivery systems, health plans and physician organizations a complete
health information system for clinical integration.
Care Quality
Comparion Medical Analytics [Greenville, 1995]: Comparion Medical Analytics is a healthcare information
services company that offers a suite of analytics solutions which help providers improve their quality of care.
Offers solutions for Safety Risk Management and Surveillance, Pay-for-Value Reporting and Performance
Analytics. The company's CARE Performance Assessment Suite includes: CareChex, a quality rating system;
CareTracks, a provider profiling system; CarePoints, an episode evaluation system and Smart Advisor, for
identifying physicians with the highest quality ratings.
Funding
Investors
MedHOK [Tampa, 2009]: MedHOK provides a SaaS based platform that uses predictive analytics to allow payers
to identify and target member health risks, trigger workflow interventions, and improve quality of care. The
platform integrates pharmacy and medical and creates a 360o view of the member. The company claims its $77.5M
predictive analytics, profiling capabilities and business intelligence tools help its clients manage and measure
care against national quality standards and strengthen financial performance.
Bain Capital Ventures, Spectrum
Equity, Bain Capital
Command Health [Boulder, 2000]: Command Health, formerly known as MD-IT, offers healthcare providers
solutions to record and analyze patient encounters. The company offers a mobile solution for creating and
viewing clinical data and Command Health Content Analytics and Intelligent Query tool set for data analysis,
query, and messaging. The company claims the solution helps in creating accurate and complete clinical $11.5M
documents and benefits like improved compliance, quality metrics and reimbursement .The tool set is designed
to be concurrently applied against documentation as it is created. It also offers a cloud-based platform for
patients, providers and care-coordinators to communicate and share information.
J Burke Capital Partners, Vencore
Capital
165 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (92/95)
Company
Details
Funding
Investors
Persivia [Lowell, 2005]: Persivia, earlier known as Alere Analytics (formerly DiagnosisONE), provides solutions to
help healthcare providers manage clinical and financial risk outcomes. Products include patient-centric clinical
decision support, population health management, intelligent order sets, and disease surveillance, as well as
detailed analytics to help inform actions, and regulatory reporting services for HEDIS, PQRS and Meaningful Use
(1 & 2). Customers include hospitals, payers, government bodies, as well as EHR and healthcare IT vendors.
Standards-based codes enable easy integration with all systems.
$5M
Edison Venture Fund, HLM Venture
Partners, Edison Partners
Care At Hand [San Francisco, 2011]: Care at Hand’s mobile care management platform enables home health
aides to become high-touch, low-cost extenders of the health system. Care at Hand enables easy and real-time
point-of-care data collection. Predictive algorithms transform simple observations into actionable, clinical data.
$1.44M
Delivering that data into the hands of clinicians allows them to proactively intervene against (re)admissions.
Platform consists of - a Psychometrically validated Survey library, Adaptively learning risk prediction algorithms
based on non-clinical observations and Analytics.Care at Hand won Mayo Clinic's Think Big challenge 2015.
Infina Connect [Cary, 2010]: Infina Connect provides cloud-based SaaS referral coordination and drug decision
support solutions that have a profound impact on the quality and cost of care for large patient populations.
Enables care coordination and clinical information exchange between all providers in a community, as well as
dynamic referral network management. Product portfolio includes Intelligent Care coordinator, CCM solution
and Intelligent Drug registry.
$684k
Grand Round Table [Philadelphia, 2011]: Grand Round Table offers Clinical Assistant, an EHR integrated
decision support tool. The company claims its software helps hospitals save time and money by directing
clinicians to appropriate solutions and reducing unnecessary tests. Clinical Assistant has been certified for
Allscripts Professional EHR. The company also offers, The Knowledge Engine, a population health management
software that helps health plans to identify populations of high risk, chronic patients and be proactive in
preventing dangerous, costly health complications. Health plans can purchase a quarterly subscription of the
software based on the number of members that are processed.
$350k
166 Healthcare Analytics Report, July 2016
Mayo Clinic, Rock Health, PCG Public
Partnerships
Dreamit Ventures, Ben Franklin
Technology Partners of Southeastern
Pennsylvania, Dreamit Ventures
Suite Solutions
Clinical
Financial
Operational
Clinical (93/95)
Company
Details
Funding
Investors
Clinithink [Alpharetta, 2009]: Clinithinks offers a cloud-based platform, CLiX, that helps healthcare
organizations obtain insights from data. Platform features include: CLiX CNLP converts unstructured clinical data
from EMRs, EHRs, documents, free text fields, discharge summaries, clinical notes and other communication
between care providers to structured data; and CLiX Enrich a data query platform powered by CLiX CNLP that
offers customizable query capabilitie to gain insights into patient health, population health and accountable
care.
Finance Wales, Vanguard Atlantic Ltd.
Yidu Cloud [Beijing, 2014]: Yidu Cloud provides big data analytics to healthcare service providers for generating
insights from their medical data. Uses machine learning for medical data processing and deep mining, and
provides medical record research, diagnosis assistance for doctors, hospitals and research institutions. Claims
that it has tied up with 400 hospitals across China
Magic Stone Alternative Investments
Murj [Scottsdale, 2014]: Murj offers a predictive analytics platform for implantable device data. The company
appears to be in stealth mode.
True Ventures
Social Health Insights [Fishers, 2012]: Social Health Insights offers MappyHealth, a health focused social media
analytics platform. MappyHealth mines twitter data looking for health term trends. The company offers its
platform to US federal government, healthcare delivery organizations, and health-tech startups. The platform
won Health & Human Services/ASPR NowTrending 2012 Challenge. The company is also an XLerateHealth
Affiliate.
KomodoHealth [San Francisco, 2015]: KomodoHealth is a platform for expertly curated big data and analytics in
healthcare and life sciences. The cloud-based data integration platform brings together disparate data from
across the enterprise, the public domain and proprietary sources. The real-time analytics on data helps
enterprises make better decisions to improve patient outcomes.
167 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Clinical (94/95)
Company
Details
DiBS [Houston, 2014]: DiBS's first product, EASEL, is a cloud-based, programming-free data visualization
software for enterprises. Its second product BioWheel, is also a cloud-based software for medical data
visualization. DiBS also has patent-pending and propriety technologies which include ways to rapidly learn from
visual images, thereby providing an analytics engine to the visualization tools. Won 2013 DREAM big data
visualization competition. Backed by TMCx accelerator.
KPN Health Analytics [Dallas, 2015]: KPN Health Analytics is a healthcare company that does data extraction,
data aggregation and provides tools for clinical data analytics. The company offers KPN Optimize Quality
Performance Indicator which is a measure/metric tool that provides quality performance assessment. The
company's KPN Optimize Point of Care offers a web based and paper clinical decision support tool.
vRad [Eden Prairie, 2001]: vRad (Virtual Radiologic) is a imaging analytics company that offers teleradiology
services to physicians. The company's patented software allows referring physicians to pass patient imaging and
information to specialists. The software uses deep-learning algorithms. vRad claims it has over 350 physicians on
its platform who serve more than 2,100 hospitals and reads over 5 million patient radiology reports annually.
vRad also provides radiology informatics solutions through its RPCSM (Radiology Patient Care) Indices ,which is a
peer group benchmarking metric. The company claims its analytics platform includes over 30 million imaging
studies, growing at 400k per month. vRad which went public in 2007 was acquired by MEDNAX for $500M in
2015.
Enlighten Health [Princeton, 2014]: Enlighten Health offers a suite of business intelligence and patient care
solutions to physicians, hospitals, ACOs and health plans. Solutions include: Care Intelligence, a reporting and
comparitive analysis tool for population health management; Clinical Decision Support with testing for chronic
diseases; Health Monitoring, decision support for ambulatory cardiovascular testing; Genomics, sequencingbased diagnostic and interpretation; and Genetic Counseling, genetic risk assessment for patients and
physicians. Enlighten Health is a division of LabCorp.
168 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Clinical (95/95)
Company
Details
Lexigram [Palo Alto, 2014]: Lexigram builds simple, scalable medical entity and context extraction APIs for use
with patient data, specially tailored to data scientists and developers. If messy EHR data were processed and
exposed in such a way that analysts from the financial sector, for example, could easily pick it up and run with it,
then we would see a huge transformation in healthcare analytics. Lexigram uses advanced text processing and
data mining techniques to derive meaning from unstructured data. It was incubated at StartX , The Stanford
Startup Accelerator
169 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Financial (1/12)
Company
Details
Funding
Investors
Revenue Cycle
Management
MediGain [Plano, 2004]: MediGain, a revenue cycle management and healthcare analytics company, provides
billing and reimbursement services for physician offices, ambulatory surgery centers, and hospitals. Its services
include billing and revenue cycle management; medical insurance eligibility and pre-certification of medical
coverage; physician credentialing; denials management; revenue cycle analysis for physicians' offices and
$46.5M
Ambulatory Surgery Centers; medical coding and billing audits; and practice management systems for medical
billing. The company also offers consulting, relationship management, information technology and training,
business development, and legal services. It serves medical practices, clinics, physician groups, provider
networks, and other essential providers.
Revenue Cycle
Management
Recondo Tech [Greenwood Village, 2006]: Recondo connects providers, payers, and patients using cloud
computing solutions throughout the healthcare revenue cycle. Their software services help providers accelerate
revenue, reduce administrative expense, eliminate denials, and collect more cash prior to service. According to
the company, their software services are designed to ensure proper payments across the continuum of US
healthcare and bring efficiency and cost savings to healthcare payment processing.
Revenue Cycle
Management
RemitDATA [Memphis, 2000]: RemitDATA offers TITAN, a solution which helps providers to increase revenues,
staff productivity, and utilization by combining business intelligence with comparative analytics; Reimbursement
PRO, which reduces collection costs through simplifying the denial management and reconciliation process; and
$16.45M Noro Moseley Partners, SSM Partners
WebScan PRO that improves office operations and profitability. It also provides EOB Cabinet, which provides
access to paper and electronic EOBs; HealtheReports that delivers pricing comparisons of healthcare
procedures, by provider.
Revenue Cycle
Management
HealthQx [King Of Prussia, 2012]: HealthQx VBP analytics platform, ClarityQx, provides the capabilities to
design, implement and monitor the on-going performance of payment models such as episodic, bundled or
accountable care arrangements. Through these capabilities ClarityQx delivers actionable intelligence to the care $4.36M
enterprise in order to operationalize the optimal payment models that reward higher quality care at a lower
cost.
170 Healthcare Analytics Report, July 2016
$20M
Prudential Capital Group
Lemhi Ventures, Bregal Sagemount,
Bregal Sagemount
Health Enterprise Partners, Ben
Franklin Technology Partners of
Southeastern Pennsylvania
Suite Solutions
Clinical
Financial
Operational
Financial (2/12)
Company
Details
Funding
Investors
$2M
Revenue Cycle
Management
Xifin [San Diego, 1997]: Xifin is a SaaS provider of revenue cycle management solutions for diagnostic service
providers to improve financial performance and enhance operational efficiency. According to the company, its
business intelligence platform links healthcare stakeholders in the delivery and reimbursement of care and
optimizes both business and patient outcomes. The company claims its platform offers to increase patient
payments, reduce errors in billing data, improve staff productivity and streamline revenue cycle management,
enhance patient satisfaction and reduce bad debt and billing costs.
Windward Ventures, Boulder
Ventures, Enterprise Partners Venture
Capital
Goldman Sachs, Oak Investment
Partners
Revenue Cycle
Management
iHealth Technologies [Atlanta, 2001]: iHealth Technologies is a a healthcare analytics company that provides
payment integrity solutions to payers. It offers a pre-payment application of clinical payment policy to assure
the application of clinical coding in claims payment. The company also provides payment policy and integrated
claims management services; claims review services, medication therapy management, star rating, business
process optimization, clinical process optimization, and technology applications, as well as anti-fraud, waste, and
abuse support services. The company merged with Connolly in 2014 to Cotiviti.
Stockwell Capital
Revenue Cycle
Management
Altegra Health [Miami, 1990]: Altegra Health, acquired by Emedon, is a provider of technology-enabled
payment solutions that improve health plan and other risk bearing organizations improve performance by
generating and analyzing data related to member care. Altegra Health provides solutions focused on program
assistance, risk adjustment, healthcare enhancement, as well as reimbursement and advisory services. Emedon
acquired Altegra Health for $910M.
TCV, bpoc.com
Revenue Cycle
Management
Origin Healthcare [Rutherford, 1991]: Origin Healthcare Solutions offers revenue management solutions and
analytics to the healthcare industry. The web-based analytical tools offer reporting and visualization for
improving business and finacial performance. The RCM solution enables cost management, medical billing,
regulatory compliance, contract management, payroll management, and physical referral tracking. The company
was formerly known as SSIMED. Origin Healthcare Solutions was acquired by Meridian Medical Management in
December 2014.
Revenue Cycle
Management
TimeDoc [Chicago, 2015]: TimeDoc Health is developing text extraction software to enable physicians to obtain
reimbursement for medical care like Chronic Care Management for which they are currently unable to charge.
The software aggregates, tracks, analyzes and bills for this medical care, presenting actionable information in a
cloud-based platform. TimeDoc’s flagship software automates the administrative activities. The company was
founded during the New Venture Challenge – an accelerator program by the University of Chicago.
171 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Financial (3/12)
Company
Revenue Cycle
Management
Revenue Cycle
Management
Revenue Cycle
Management
Revenue Cycle
Management
Details
BUDDI Health [Chennai, 2015]: Buddicode is a healthcare analytics startup based in Chennai with headquarters
in New York focusing on big data & predictive analytics in the medical coding, medical billing, revenue cycle
management areas of the healthcare domain. As of February 2016, the company is in stealth mode.
theBillingBridge [Diamond Bar, 2015]: theBillingBridge is a financial reporting and data analytics iOS app
developed by BillingParadise for healthcare professionals. Features include: Revenue analytics, real time
reporting, reports tracking, impact analysis, query system, key indicators, fee scheduler analyser and ticketing
manager. Other features include: Set alerts, create reminders and share metrics across organization.
Itakos [Norman, 2014]: Itakos offers healthcare providers an analytics platform to make meaningful
comparisons of the financial data recorded in their EMR / PM system. The platform allows clients to monitor
their operations and identify billing problems. Can be used from a smartphone, tablet or PC.
CentraMed [Carlsbad, 2011]: CentraMed provides cloud-based healthcare analytics and consulting services.
They have 3 major products namely CentraMed’s Spend analytics platform which allows providers to analyze,
monitor, and report on their supply expense anomalies, CentraMed Denials Analytics solution which analyzes
the electronic remittance file and categorizes denied charges into relevant groups and CentraMed’s Revenue
Management Analytics which supports revenue audit, review or process improvement activity to improve
internal processes and prevent revenue leakages. They also comprehensive courses to health care executives,
health information professionals, financial professionals to meet the education requirements in health care
industry.
172 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Financial (4/12)
Company
Revenue Cycle
Management
Revenue Cycle
Management
Details
Funding
Investors
Titanium Healthcare [San Francisco, 2015]: Titanium Healthcare is a healthcare IT company, founded in August
2015, that provides analytical and revenue cycle solutions. The company offers to reduce costs and improve
health quality by bringing down hospitalizations and patient readmissions. The company caters to hospital
systems, health plans, ACO's and employer groups.
Emdeon (Change Healthcare) [Nashville, 1986]: Emdeon is a provider of revenue and payment cycle
management solutions, connecting payers, providers and patients. Emdeon’s suite of products and services
offers to help customers improve efficiency, reduce costs, increase cash flow and efficiently manage the
complex revenue and payment cycle process. They cater to providers, payers and pharmacy services. In 2015
September, Emdeon announced that it's re-branding as Change Healthcare.
Apixio [San Mateo, 2009]: Powered by data science and a patented computer learning , NLP and text mining
technology platform, Apixio transforms coded, textual and scanned data into real-time insights that enhance risk
assessment, population management and reimbursement. Apixio API will supply raw data and results/analytics
to high performance, web-based HCC Optimizer, a software solution that enables healthcare organizations and $41.88M
their health plan affiliates to optimize reimbursement revenue for their Medicare advantage members. The
company also provides Population Analyzer to manage a group of patients and target and evaluate
Fraud, Waste and Abuse interventions; Quality Optimizer, a cloud based solution to analyze care quality.
Truveris [New York City, 2009]: A health information technology company delivering pharmacy data validation,
analytics, and pricing solutions through a SaaS platform. Truveris products include: TruGuard (claim validation),
TruBid (online auction and RFP tool), and TruReport (prescription claim analytics). With 200 customers
representing 30 million members processing 300 million claims on annual basis representing 10 percent drug
spend of US, Truveris is backed by New Leaf Venture Partners, Tribeca Venture Partners, New Atlantic Ventures,
Fraud, Waste and Abuse and First Round Capital.
173 Healthcare Analytics Report, July 2016
$27M
SSM Partners, Bain Capital, First
Analysis
First Round Capital, Canaan Partners,
Tribeca Venture Partners, New Leaf
Ventures, NAV
Suite Solutions
Clinical
Financial
Operational
Financial (5/12)
Company
Details
Digital Harbor [Vienna, 1997]: Digital Harbor help companies to keep track of their risk using 'Know Your Risk"
risk management solution. "Know Your Risk" suite enable companies to prevent fraud by offering intuitive
modules like investigative case management, Predictive analytics, next-gen social enterprise technology for
collaboration and easily configurable business process platform. Digital Harbor pioneered “Know Your Customer
(KYC)” solution was recognized as a leader in risk management solutions for financial institutions. It is also
growing very fast among healthcare companies. Digital harbor platforms are used by companies across
healthcare, financial services, insurance, manufacturing, infrastructure, pharmaceutical industries & also in
government organizations. Digital harbor was acquired by Dublin based Norkom Technologies for $36.5M cash
Fraud, Waste and Abuse in July, 2007. Norkom Technologies was acquired by BAE systems for approx $290M in Jan, 2011.
Funding
Investors
$21M
Insight Venture Partners, FTVentures
Health Fidelity [San Mateo, 2011]: Health Fidelity uses NLP and analytics technology to analyze unstructured
data in order to provide clinical and financial insights. The company's Risk Analytics enables insurers to better
predict prospective claims to help stabilize risk adjustment. For providers, their solutions offer automatic $19.26M
identification of documented conditions that were previously not reported, claims linking to accepted codes,
Fraud, Waste and Abuse embedded ICD-10 look-up tool and insights into RAF opportunity. The company is funded by UPMC.
The National Science Foundation,
Charter Life Sciences, UPMC
Enclarity [Aliso Viejo, 2005]: Enclarity offers a medical provider database and analytical software tools that help
insurers and hospitals gather more information about doctors and help identify problem spots, and fraudulent
activity among health care providers. The company's software can help providers prevent federal investigations
into billing and referral practices, malpractice claims, and collusion allegations.Claims that its solutions improves
claims processing, provider directories, regulatory compliance and marketing optimization. It serves clients in
$15.5M
industries like payer; life science, pharmaceutical, medical device, and biotech; government and exchanges;
providers, hospitals, ACOs, and health systems. According to the company, 7 of the 15 largest health insurance
plans, 4 of the 10 largest preferred provider organizations and the 2 largest medical device manufacturers count
on its software. In September 2009, LexisNexis acquired Enclarity to expand its fraud and clinical analytics
Fraud, Waste and Abuse offerings.
Bain Capital Ventures, Ignition
Partners, Bain Capital
174 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Financial (6/12)
Company
Details
Talix [San Francisco, 2015]: Talix, offers a patient data analytics platform, the Talix HealthData Engine, that
provides health risk management solutions to healthcare provider organizations, health plans and ACOs. The
company claims, its first product, Coding InSights, uses analytics to turn health data into actionable insights that
drive better coding, improved patient outcomes, optimized risk scores, and reduced costs. The HealthData
Engine combines a medical taxonomy, clinical natural language processing (NLP) technology, and a coding and
clinical rules database to enable the deep mining of both structured and unstructured patient data buried in
EMRs. The company, in 2015, had started as a wholly owned subsidiary of HealthLine Networks and in 2016
announced its spin off as an independent company. In January 2016, it secured $14M from former Healthline
Fraud, Waste and Abuse Networks shareholders.
Fraud, Waste and Abuse
Fraud, Waste and Abuse
Funding
Investors
$14M
Summit Partners, VantagePoint
Capital Partners, Reed Elsevier
Ventures, GE Equity, Investor Growth
Capital, PeakSpan Capital
HealthDataInsights [Las Vegas, 1985]: HealthDataInsights, provides fraud, abuse, and overpayment
identification solutions for government payers and employers. Medicare Recovery Audit Contractor (“RAC”).
$13.2M
The company was headquartered in Las Vegas, Nevada with additional operations in Newport Beach, California;
and Orlando, Florida.Acquired by HMS holdings in 2011.
Upfront Ventures, Ticonderoga
Capital, Redhills Ventures
TC3 Health [Irvine, 2001]: TC3, acquired by Emdeon in 2012, provides payers a cost management and payment
integrity solution. The company's TruClaim suite includes: Predictive fraud analytics/algorithms, pre-pay and
JMI Equity Fund, Ticonderoga Capital,
$12.25M
post-pay fraud & abuse detection, rules driven fraud diagnostics, clinical coding compliance and duplicate
Bregal Sagemount
detection, case tracker, out-of-network repricing (AccessPlus), and data analytics and decision support.
RxResults [Little Rock, 2008]: RxResults is a Pharmacy Benefits Risk Management company that offers to
identify health plan savings and mitigate risk. The company offers to reduce cost and improve quality of
pharmacy benefits using a proprietary analytics platform and clinical rules engine. Solutions include: formulary
$4.15M
management, Medication Therapy Management and prescriber profiling. Also offers integration with Pharmacy
Benefit Manager (PBM). The company sells its products as stand-alone solutions or as embedded into an overall
Fraud, Waste and Abuse solution in branded or private-label versions. Caters to care management companies, ACO's and health plans.
175 Healthcare Analytics Report, July 2016
acgequitypartners.com
Suite Solutions
Clinical
Financial
Operational
Financial (7/12)
Company
Details
Funding
Investors
Pulse 8 [Annapolis, 2012]: Pulse8 offers end-to-end analytics solutions for their healthcare industry so as to
Maryland Department of Business &
enable better outcomes in the Commercial Health Exchanges, Medicare Advantage and Medicaid markets. They
Economic Development, Maryland
offer Illumin8, a complete analytics suite that can provide risk management, business intelligence and predictive $1.14M
Department of Business and Economic
modelling among other things. They also offer a Member Benefits Card which uses technology to establish
Development
Fraud, Waste and Abuse member's identity and actionable insights with regards to their visits.
IF Technologies [Lexington, 2008]: IF Technologies provides pricing analytics and member transparency
solutions for health insurers and medical cost containment companies with its SaaS solutions. IF Technologies
offers: HealtheReports, a comparative data solution that delivers pricing, by provider, to empower insurers and $1.08M
their members to find the best healthcare value; and Episode of Care Analytics, a solution that provides insight
Fraud, Waste and Abuse to drive savings and help insurers to lower their costs. The company was acquired by RemitDATA in 2015.
Zakipoint Health [Cambridge, 2012]: Zakipoint health is a healthcare analytics company that aims to offer
insights into the effectiveness of a company's health care spending and areas where cost can be reduced. It
uses a SaaS based tool, z5, to integrate and analyze healthcare data and it caters to self-insured employers,
health plans and benefit consultants.
$370K
PRX [Caracas, 2012]: PRX Control Solutions specializes in developing applications for the pharmaceutical and
insurance industry. Their main product, PCA Audit, allows insurance companies, health plans administrators and
government institutions; control the expense and intake of pharmaceutical treatments in health plans by
detecting more than 30 types of anomalies in prescriptions and pharmacy invoices. The algorithm compares
more than 20 variables in each claim. The app alerts clients if the treatment doesn’t match the diagnosis, off
label indications, the age or gender of the patient doesn’t match the treatment and it recommends the client
which treatments should they reimburse or not to the patient or the pharmacy. In just 2 years they have saved
Fraud, Waste and Abuse more than US$15M to their first 3 clients.
$270k
Fraud, Waste and Abuse
176 Healthcare Analytics Report, July 2016
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Financial
Operational
Financial (8/12)
Company
Details
Funding
Investors
Cotiviti [Atlanta, 1979]: Cotiviti provides analytics-driven payment accuracy solutions for healthcare payers.
Offers solutions for payer liability, coding and contract compliance. Cotiviti was formed by the merger of
Connolly (1979) and iHealth Technologies (2001) in 2014. Cotiviti claims to provide services to 20 of the top 25
U.S. healthcare payers and nine of the top 10 U.S. retailers. Advent International is Cotiviti’s majority
Fraud, Waste and Abuse shareholder. In 2016, Cotiviti filed an S-1 form with the SEC for its IPO
Advent International
ArroHealth [Hauppauge, 1991]: ArroHealth, formerly MedSave USA, uses a cloud-based technology platform to
provide technology and services to help Medicare Advantage plans and commercial and Medicaid insurance
plans, manage their risk adjustment processes to ensure that they are fairly reimbursed based on the insurance
risk of their individual members. The company's ARCH platform (Analytics, Retrieval, Coding, and Home Visits) is
used to provide service solutions, that includes analytics, onsite medical record retrieval, prospective, in-home
health risk assessments, and HCC coding services. Trident Capital and HLM Venture Partners acquired majority
Fraud, Waste and Abuse stake in the company in 2013. MedSave USA changed its name to ArroHealth in 2015.
Trident Capital, BlueCross BlueShield
Venture Partners, HLM Venture
Partners
Maize Analytics [Chicago, 2013]: Maize Analytics provides patented machine learning software to monitor and
protect patient data. The company claims its software helps streamline HIPAA privacy audits and eliminates
most of the manual auditing labor, resulting in improved electronic medical record privacy and security. Maize
Analytics’ Explanation-Based Auditing System (EBAS) reporting and filtering capabilities allow healthcare privacy
Fraud, Waste and Abuse officers to identify suspicious activities
Hylis Pharmacy Solutions [Mequon, 2014]: Hylis Pharmacy Solutions (HPS) is a healthcare analytics company
that helps payers find cost effective and clinically appropriate prescription drug programs for their members.
The company uses claims data to identify areas where cost has been inflated. Caters to insurance carriers and
self-insured plans. The organization s aprt of SkyGen USA and its sister companies include: Wonderbox
Fraud, Waste and Abuse Technologies, Scion Dental, Vestica Healthcare, American Therapy Administrators and Ocular Benefits.
Pandora Data Systems [Boston, 1988]: Pandora Data Systems makes software that analyzes hospital records to
detect medication diversion and meet regulatory requirements. It offers PandoraVIA, a reporting and analytics
framework; PandoraSQL, a data analysis tool for automated dispensing system; and Pandora Legacy, a solution
for tracking drug activities. It solutions facilitate the analysis, understanding, and management of hospitals'
Fraud, Waste and Abuse medication distribution and usage. The company was acquired by Omnicell in 2010.
177 Healthcare Analytics Report, July 2016
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Financial
Operational
Financial (9/12)
Company
Fraud, Waste and Abuse
Details
CVInfosys [Westlake Village, 2006]: Clear Vision Information Systems (CVInfosys) provides Medicare Advantage
risk adjustment solutions and strategies to health plans and providers. The company claims its software and
services which include analytics, continuity of care strategies and compliance consulting help balance care
quality and revenue optimization.
21CT [Austin, 1999]: 21CT, formerly known as 21st Century Technologies, is a healthcare company that uses
claims analysis to detect fraud, waste and abuse in healthcare. The company's product 21CT Torch, is a fully
hosted data analytics software platform using which organizations can sign up, load claims, and start analyzing
and visualizing insights. The company claims 21CT Torch is 4th generation analytics tool that features profile
Fraud, Waste and Abuse pages, dataSets, and graph pattern visualization
Fraud, Waste and Abuse
Mimir Health [Austin, 2014]: Mimir Health Intelligence offers E&M Utilizer that analyzes coding trends to
optimize reimbursement and reduce fraud liability; and referral network management that provides insights to
maintain patient referral network. It also provides treasure map to maintain awareness of practices’ financial
productivity.
HealthCare Insight [South Jordan, 1997]: HealthCare Insight (division of Verisk Health), is a company whose
solutions enable healthcare payors to prevent fraud, abuse, and overpayment. HealthCare Insight combines
automated modeling and profiling of claims with clinical validation. HCI prepayment detection software spots
suspect claims and billing patterns in real time through a SaaS model. It routes flagged claims for validation by
Fraud, Waste and Abuse experienced clinicians. The company was acquired by Verisk Health in 2007.
FraudScope [Atlanta, 2015]: FraudScope uses data analytics techniques to automatically assign risk scores to
healthcare claims data in order to detect fraud and prioritize suspicious claims for investigation. Its patentpending technology for detecting high-risk claims was developed by researchers at the Georgia Institute of
Technology. The company claims that unlike existing analytics tools, its technology can detect existing and
evolving fraud schemes without requiring any input of patterns of fraud and that FraudScope can adapt to
Fraud, Waste and Abuse changes in diagnosis and procedure codes automatically.
178 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Financial (10/12)
Company
Details
finHealth [Greensboro, 2013]: finHealth delivers a web-based analytics app that helps self-insured
organizations control healthcare costs. The company claims that its solution can benchmark an organizations
performance, offer cost transparency and highlight cost saving opportunities. The app uses healthcare claims
and workmen's compensation claims to detect cost saving measures. Also detects common healthcare billing
Fraud, Waste and Abuse errors.
Remedy Analytics [Milwaukee, 2012]: Remedy Analytics is a technology company which uses an analytics
software engine, PharmaLogicSM, to help organizations make employee prescription benefits decisions. The
company provides insights and knowledge to eliminate wasteful spending. The engine codifies prescription
benefits manager (PBM) contract into an algorithm that is used to identify contractual issues and how its
changes impact the review of claims. It highlights the vulnerability of the contract, shows paths to correct it and
Fraud, Waste and Abuse calculates the cost of such issues.
Lorica Health [Sydney, 2012]: Offer data analytics platform designed by data scientists and healthcare and
insurance domain experts. The tools aim at identifying fraud, abuse and waste in claims. They serve over 40
private and public health sector clients in Australia. Offer two analytics platforms - HIBIS & I+Plus. HIBIS analyses
more than two thirds of Australia’s private health insurance claims for 30 of Australia’s 34 private health
insurers, enabling the automatic detection and management of health claims leakage, inclusive of fraud, abuse
and errors. I+Plus analytics platform is a health claims analytics tool which offers rich and responsive
Fraud, Waste and Abuse performance analytics in support of bench marking, contracting and management of health service delivery.
Fraud, Waste and Abuse
Intelimedix [Lakeland, 2006]: Intelimedix, a Blue Health Intelligence Company, offers business intelligence and
informatics to Employers and Health Plans that help detect fraud and cost saving opportunities. The company's
analysis includes issues as unnecessary care, fraudulent and abusive billing, overpayments from billing and
coding errors, pharmacy fraud, and preventable conditions. The company was bought by BHI in 2013
179 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Financial (11/12)
Company
Details
Funding
Investors
$26M
Carrick Capital Partners
HelioMetrics [Minneapolis, 2013]: HelioMetrics offers analytics solutions for compliance and patient privacy
monitoring. Solutions include: Drug Diversion Analytics, help in monitoring and identifying drug diversion
activity in pharmacies and hospitals; Patient Privacy Analytics, for monitoring and analyzing access of patient
data; HIE and Participant Analytics, provides exchange use statistics to detect abnormal use of HIE; and
Individual Patient's Access Report, offers information and analysis to the patient regarding users who have
Fraud, Waste and Abuse accessed their health records. The company is a spin-off from LuciData.
Elsevier / MEDai [Orlando, 1992]: MEDai (part of LexisNexis) is a predictive analytics company that analyzes
healthcare claims and improves the delivery of healthcare for payers and providers. MEDai has solutions that
include determining the severity of a disease and its affect on the patient’s outcome through the analysis of
relevant data, benchmarking and evidence-based care processes. Payers and care management organizations
use MEDai to predict patients at risk, identify cost drivers for high-risk populations, forecast future health plan
costs, evaluate patient patterns over time and improve outcomes. The company was acquired by Elsevier in
Fraud, Waste and Abuse 2008 and the business was transferred to sister company LexisNexis in 2013.
LaunchPoint [Rolling Meadows, 2008]: LaunchPoint, through its cloud-based Healthcare Analytics Platform,
provides solutions like data mining, data integration and data analysis for healthcare organisations. Its two
divisions are Discovery Health Partners, provider of payment integrity solutions and analytics for healthcare
payers, and Ajilitee, a healthcare information and analytics consulting business.
MultiPlan [New York City, 1980]: MultiPlan provides healthcare cost management solutions for the
commercial, government, and property & casualty markets. Offer a suite of Network-based, Analytics-based,
and Waste, Abuse & Fraud management solutions through a single electronic gateway and comprehensive claim
cost management strategies that help control the financial risks associated with medical reimbursements.
Healthcare Insights [Libertyville, 2000]: Healthcare Insights is a hospital financial performance improvement
firm. The company's platform, INSIGHTS, enables hospitals with budgeting, forecasting, labor productivity and
cost analytic capabilities. Also offers patient analytics, reporting scorecards, dashboards and financial planning.
Premier Healthcare Solutions acquired Healthcare Insights in 2015 for $65M. At the time of acquisition, the
company claimed to have a customer base of over 7,500 users across 200 facilities associated with 94 health.
180 Healthcare Analytics Report, July 2016
Welsh, BC Partners, Stockwell Capital,
Peloton Equity
Suite Solutions
Clinical
Financial
Operational
Financial (12/12)
Company
Details
HealthiQ [London, 2010]: Health iQ specialises in providing data, sales and marketing tools for healthcare and
life science industry. Products of the company are: Vantage: business intelligence system, Pharmasim: data
modeling and simulation; and LinQ: data reports for pharma and medical devices; and prospective data
collection tools. Customers are from pharmaceutical, medical device and health sectors.
181 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Operational (1/21)
Company
Details
Funding
Investors
Marketing
Evariant [Farmington, 2008]: Evariant offers healthcare providers a platform to analyze the data they collect,
execute marketing campaigns, and improve patient engagement. eVariant offers Patient Market Solver which
collects data from billing records, clinical encounters, patient’s records, and other sources to identify patients
$68.5M
who are most likely to respond to specific marketing campaigns. Hospitals can use Physician Market Solver
which is a claims-based analytic solution that tracks and measures physician referral leakage, physician volume
and loyalty.
Marketing
Highland Capital Partners, Gerson
Kyruus [Boston, 2010]: Kyruus provides physician network optimization software solutions to hospitals, health
Lehrman Group, Venrock, Lux Capital,
systems and physicians. The company's products include KyruusOne, a data mining and analytics platform that
New Leaf Ventures, Leerink Partners,
creates a unified view of the physician across demographic, clinical, research, financial, and performance$55.8M Fidelity Biosciences, GLG, McKesson
related dimensions; ProviderMatch, is a solution that provides referring physicians, schedulers, and referral
Ventures, Mckesson ventures,
coordinators with tools to find and connect patients with clinically appropriate, in-network, and available
Providence Health & Services, F-Prime
providers.
Capital Partners
Marketing
Marketing
PatientPop [Santa Monica, 2014]: PatientPop offers an end-to-end marketing platform for healthcare providers
to acquire, engage and retain patients. Features include better search visibility for doctors, reputation
$23.8M
management (manage reviews) , patient engagement (send reminders to patients before appointment, send
offers) and analytics. Part of AthenaHealth's accelerator program.
Aptus Health [Boston, 2008]: Aptus Health, formerly known as Physicians Interactive, offers multi-channel,
integrated marketing solutions and data analytics. The online platform analyzes user-generated public data, to
offer insights to medical professionals. Features include: campaign strategy management, customer targeting
and segmentation, a mobile media platform and eSampling capabilities. Acquisitions include Omnio and
Skyscape. The company was acquired by Merck’s Global Health Innovation Fund and is functioning
autonomously as of June 2015.
182 Healthcare Analytics Report, July 2016
$17M
Lightspeed Venture Partners,
Salesforce, Goldman Sachs, Health
Enterprise Partners, McKesson,
Enterprise Partners Venture Capital,
Dignity Health
SVB Financial Group, Toba Capital,
athenahealth
Merck Global Health Innovation Fund
Suite Solutions
Clinical
Financial
Operational
Operational (2/21)
Company
Details
Funding
Investors
Marketing
par8o [Newton, 2011]: par8o is a cloud based platform that uses workflow analysis and real-time analytics to
monitor payer and physician activity and then alert patients on their mobile devices about new appointments.
par8o helps organizations match the right patient to the right resource at the right time. The software provides $13.5M
real-time analytics to the sending provider, the receiving provider, as well as the organization that has deployed
it. The company claims its platform helps reduce referral leakage and improve consumer experience.
$9.6M
Ignition Partners, Madrona, Founders
Co-op
Marketing
Appature [Seattle, 2007]: Appature is a Seattle-based technology company that provides a cloud-based
marketing software platform, Appature Nexus, designed exclusively for healthcare and life sciences companies.
SaaS-based Appature Nexus combines a big data marketing database (Nexus 360), campaign management
engine (Nexus Touch), and reporting and analytics suite for campaign optimization and data visualization (Nexus
Insight). Appature announced on March 12, 2013 that it was acquired by IMS Health, and will continue to
operate as before as a unit of IMS.
$5.6M
Eastside Partners, Council Capital,
Square 1 Bank
Marketing
Influence Health [Birmingham, 1996]: Influence Health, formerly MEDSEEK, is a digital marketing and
engagement platform that helps providers, employers and payers to affect behavioral change of their
consumers. According to the company, it uses predictive analytics to an organization’s marketing database to
create targeted groups of consumers who are most likely to respond to marketing campaigns. Also offers
Navigate, a population health management solution; Enterprise, a patient portal; and Connect, a clinical portal.
Navigate helps in identifying at-risk populations and engaging patients in their health goals. Acquired by
Silverlake Sumeru and Essex Woodlands in 2012 for $100M.
Marketing
Liquid Grid [San Diego, 2010]: Liquidgrids is a healthcare focused social media health intelligence and marketing
platform that is built to aggregate dialogue across the digital landscape. The company identifies disease-specific
personas, which are scaled to deliver highly targeted, multi-channel advertising campaigns. The company claims $4.82M
that through its proprietary analytics engine, it has aggregated and analyzed over 1 Billion healthcare
conversations by over 125 million unique healthcare consumers.
183 Healthcare Analytics Report, July 2016
Atlas Venture, Founder Collective,
CHV Capital, United Healthcare
Miramar Ventures
Suite Solutions
Clinical
Financial
Operational
Operational (3/21)
Company
Details
Funding
Investors
Healthbox, Lisa with BCBST, ec.co,
Healthcare Corporation of America,
Healthcare Council, Martin Ventures
Marketing
Clariture [Nashville, 2013]: Clariture is a SaaS based healthcare marketing platform that enables healthcare
providers to engage with potential patients and drive patient acquisition. The platform helps healthcare
marketers to target messages to the right people by combining social media, mobile and search with consumer
$4.55M
and patient data. Clariture’s solution also provides digital health risk assessments that assess consumers’ risk for
certain conditions and need for care services. The data collected by Clariture offers provider organization insight
into population health.
KMG Capital Partners
Marketing
MDValuate [Centennial, 2013]: MDValuate, offers a SaaS-based physician network analytics platform to
understand physician performance across consumer on-line competitiveness, financial, clinical, and operational
metrics. The solution is used for measuring and managing online reputation and competitiveness at physician $4.35M
level. It also helps organizations to establish referral outreach strategy by understanding their local referral
patterns and build physician networks.
Medikly [New York City, 2009]: Medikly provides a cloud based platform that helps pharmaceutical brands to
engage with and understand physicians on an individual level. The MediklyOS platform acts as an operating
system for healthcare marketers to collect, analyze, manage and act on physician intelligence gained from
patterns and behaviors gathered across digital channels.
$1.2M
Fenox Venture Capital, Silicon Badia,
Easton Capital, Accelerator Tech
$1M
Center for Innovative Technology,
New Dominion Angels
Marketing
ROI2 [Reston, 2009]: ROI² provides programs that generate intelligence and analytics in product branding,
marketing and sales targeted to health systems, healthcare providers and pharma companies. The company
claims its solutions transform clients’ marketing effectiveness to better identify trusted community networks,
key leaders, and the effect their decisions have on market behaviors. Its intelligence solutions are focused
around physician influence mapping.
Marketing
MDreferralPRO [Daphne, 2008]: MDreferralPRO is a web-based solution offered by advisorsMD helps
healthcare organizations generate new patient referrals from providers. The company claims the software
identifies untapped resources under an organization's market area and uses predictive analytics to help them
prioritize sources that are most likely to refer. Features are: Analytics that define a clinet's market share and
trends, Strategic intelligence on who the practice should be targeting, Geo-spatial targeting, directory of
national providers and facilities
Marketing
184 Healthcare Analytics Report, July 2016
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Financial
Operational
Operational (4/21)
Company
Details
Marketing
Medifr [Houston, 2012]: Medifr is a cloud-based, HIPAA-compliant patient referral collaboration platform. The
platform enables providers in both the ambulatory and acute care settings to exchange and track referrals,
securely share patient health information, and collaborate with colleagues online. Features include: HIPAAcompliant direct messaging and document transfer, Network analytics and reports, case management and
tracking dashboard for discharge planning.
Marketing
Aissel [Hubli, 2010]: Aissel provides software solutions to identify experts in the healthcare and pharma sector
by understanding their social profiles and connections. The profiles of Key Opinion Leaders are then curated
from multiple online sources and assigned weightages to generate names that fit a company's use case.
Customers can also suggest who they think they are influencers in their respective domains which can be used
to create influence patterns. The solution can also be integrated with existing CRM solutions.
Marketing
Tea Leaves Health [Roswell, 2011]: Tea Leaves Health is a provider of a SaaS-based marketing and analytics
platform for hospital systems to identify and engage consumers and physicians. Solutions offered include:
Patientology, a patient and prospect engagement solution; Physicianology, a physician relationship management
software and Decisionology a software to analyze and prioritize strategic opportunities. Tea Leaves Health was
acquired by Everyday Health in 2015.
Marketing
Marketing
Serum [Seattle, 2015]: Serum, a stand-alone health insurance business unit of Hacker Agency, is a digital/direct
marketing agency that solves Customer Relationship Management and marketing problems for health plans.
Serum uses big data to provide data-fueled insights, intelligent segmentation and strategic messaging. Serum
was made a stand alone unit in August, 2015. It is in partnership with Affinity Health Plan.
Decision Point Healthcare Solutions [Boston, 2010]: Decision Point Healthcare Solutions offers a microsegmentation and member targeting solution that uses big data, predictive analytics, business intelligence and
visualization for health plans to improve their quality, satisfaction and retention performance. Solutions include:
Decision Point for Medicare, Decision Point for Medicaid, Retention & Satisfaction Solutions, Quality
Improvement Solutions, Medication Adherence Solutions and Survey Optimization.
185 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Operational (5/21)
Company
Details
Funding
Investors
Prophit Health [Springfield, 2015]: Prophit Health, founded in 2015, is a SaaS based software company that
helps Healthcare providers to identify their best sources of referrals and expand their market. The company
offers tools, data, guidance and insights intended to help a provider engage and connect with their customers.
Marketing
OnShift [Cleveland, 2008]: SaaS-based staff scheduling and shift management software for the healthcare
industry. OnShift predicts and prevents overtime and understaffing while dramatically reducing time spent on
$30.3M
scheduling and managing open shifts. Fully integrated with time-keeping, HR, clinical and payroll systems,
OnShift provides a unified view into staffing levels and labor costs across buildings.
W Capital Partners, North Coast Angel
Fund, Draper Triangle, Early Stage
Partners, Jumpstart, HLM Venture
Partners, Glengary, VelocityHealth,
West Capital, DTVC
Newspring Capital, Blue Heron Capital
Workflow
Verisma Systems [Pueblo, 2004]: Verisma Systems is a health information technology provider focused on
delivering cloud-based Release of Information (ROI) solutions (managing the release of patient medical records)
to healthcare organisations. The company claims its solutions allow its customers to automate workflow,
improve turnaround times and decrease errors. The Verisma360 dashboard uses analytics to evaluate
production, turnaround times, compliance and financials.
Workflow
Allocade [Menlo Park, 2004]: Allocade’s On-Cue System, powered by an Artificial Intelligence Engine, organizes
patient and caregiver logistics in hospitals. Allocade claims its system tracks everything from patient needs, like
scheduled appointments and procedures, to real-time personnel scheduling and helps caregivers to effectively $11.6M
manage patient flow and patient care. When disruptions like emergencies or procedure overruns occur,
Allocade automatically repairs the schedule and optimizes the resources.
Workflow
Hospital IQ [Newton, 2013]: Hospital IQ is a cloud-based software platform that allows hospitals to collect data
and use it to analyze, simulate and predict the impact of operational changes within a hospital as well as across
a hospital network. The company claims its platform can be used to solve problems such as inpatient and
operating room bed utilization, surgical throughput, staff overtime and capacity planning. The platform
complements major EHRs and bed tracking systems.
Workflow
186 Healthcare Analytics Report, July 2016
$12M
$7M
VantagePoint Capital Partners
Pierpoint Capital, blackgranitecap.com
Suite Solutions
Clinical
Financial
Operational
Operational (6/21)
Company
Workflow
Workflow
Details
Funding
Investors
MedAptus [Boston, 1999]: MedAptus offers a suite of solutions that helps hospital's in streamlining their
workflow and improving workforce efficiency. Solutions include: Enroll, cloud-based workflow and analytics
software; Assign, intelligent inpatient distribution; Document, documentation tool; and Charge, charge capture
software (includes tools to manage, collaborate and analyze charge data)
$6M
Boston Millennia Partners
LeanTaaS [Santa Clara, 2010]: LeanTaas uses tailored SaaS based analytic applications to improve operational
performance of hospitals and clinics. The company claims its product iQueue maximizes resource usage and
$4.28M
reduces patient waiting times. The company focuses on improving sales operations, service operations,
manufacturing and supply chain of its clients.
Workflow
The Right Place [Houston, 2013]: The Right Place (TRP) is a cloud-based bed board management platform that
makes it easier for healthcare service providers to match post-acute patients to the right place of care. The
company claims its solution helps get patients out of hospitals quicker, fills empty beds with the right patient
mix, and lowers readmissions rates to hospitals. The company's first offering Skilled Nursing Facility (SNF) is in
beta testing stage. The company announced in November 2015 its selection to the 2015 Healthbox Integrated
Innovation Program.
Workflow
Informatics In Context [Boston, 2011]: Informatics In Context (IIC) offers payers and providers real time
solutions to automate referral and Prior Authorization processes. For Payers, IIC's 278 EDI authorization engine
adjudicates in real-time all prior authorizations submitted based on the payer’s payment policies and clinical
guidelines. For providers, IIC's web portal offers a real-time solution to check eligibility, send referrals and $1.86M
submit prior authorization requests to all payers in the provider’s network with a single sign on. Prior
authorization requests are first reconciled against payer policy guidelines to ensure compliance and reduce
possibility of denials.
Workflow
Sensentia [San Francisco, 2011]: Sensentia's offers a automatic inquiry system that enables payors to handle
queries regarding healthcare benefits in real time. Inquiries are made through mobile devices, IVR, or the web
by text or voice. The company's technology models the knowledge in any textual document and answers $160.75K
questions against it. Questions are asked by members or providers and answered in natural language,
structured forms or through automated dialogue helping consumers refine their questions.
187 Healthcare Analytics Report, July 2016
Sedgwick
$2M
Rock Health
Suite Solutions
Clinical
Financial
Operational
Operational (7/21)
Company
Details
Funding
Investors
$120K
Y Combinator, FundersClub, Fenox
Venture Capital
Workflow
analyticsMD [Palo Alto, 2012]: analyticsMD helps hospital managers to make data-driven decisions that impact
operational efficiency and patient experience. analyticsMD’s algorithms analyze hospital data allowing hospital
staff to monitor operational performance and diagnose operational issues in real time. analyticsMD’s machinelearning based forecasting techniques enable hospitals to predict patient volumes and optimally allocate
resources – such as staff, beds, and rooms – to meet this demand. analyticsMD is a SaaS product, and requires
no physical infrastructure at the client site.
$50k
Healthbox
Workflow
Operating Analytics [Cambridge, 2013]: Operating Analytics offers operating room management tools. The
company's product, OR Forecast, gives surgical departments a daily forecast of operating room utilization. It
uses data analytics to optimize OR schedules. The Operating Analytics system converts data from existing
scheduling products into actionable knowledge to support decision-making and resource allocation for ORs. As
of January 2016, the company's website is down.
Workflow
Workflow
Workflow
CadenceMD [Seattle, 2012]: CadenceMD provides an analytics system and mobile app for improving doctors’
efficiency. The company claims their business intelligence tools, analytics, and improvement insights are
designed to help doctors optimize their schedules and run on time. CadenceMD provides dashboards that help
clinics improve their profitability and provider/patient satisfaction by improving patient throughput.
9Mile Labs
Concerro [San Diego, 1982]: Concerro provides web-based workforce management software and services which
reduce labor costs, protect revenue and improve staff and patient satisfaction in hospitals. Provides SaaS that
uses Web 2.0 technology to deliver software and services that achieve excellence in staffing by enabling
employees to connect and collaborate, online anywhere anytime. Formerly known as BidShift.
Emerald Stage2 Ventures, Aperture
Venture Partners, Costella Kirsch,
Rittenhouse Ventures
Intrigma [New York City, 2004]: Intrigma provides solutions which help health systems automate the schedules
of their doctors and nurses and help reduce costs by this precise scheduling. The software collects information,
including the preferences and work productivity of a department's medical and non-medical staff, and allots it
into a schedule based on historical workflows and expected patient volume. The results take less time than
human-based scheduling and allow for faster adjustment to changing work conditions.
188 Healthcare Analytics Report, July 2016
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Clinical
Financial
Operational
Operational (8/21)
Company
Details
Workflow
Hark [England, 2013]: Hark offers a clinical task management app that prioritizes tasks for the hospital
workforce and tells them who needs to do what, where and when across all aspects of hospital life. Hark, built
based on research at Imperial College London, uses advanced analytics algorithms to individually tailor every
task to every patient’s need. The company claims its tool helps transform the hospital process into a live digital
stream, prioritize and delegate tasks, communicate and collaborate with teams and collect data to make
smarter decisions. Data driven insights offered include: patient profiles, health professional profiles, automated
early warning of deterioration, safety audits, ward profiles, workforce planning and condition-specific metrics.
The company was acquired by Google DeepMind in February 2016.
Workflow
Care Dynamics [The Hague, 2007]: Care Dynamics is focussed on supply chain management methodologies to
improve management of patient logistics in hospitals. They provide analytics services across all decision-making
dimensions in hospitals through their Hospital operations intelligence unit. They have developed, Dynamic
Planner, a sophisticated decision-support software which is designed to facilitate the unique tactical planning
process in hospitals and healthcare facilities. They have an ongoing working relationship with GirnarSoft, India
for product development.
Workflow
Metrix Health [Menlo Park, 2014]: Metrix Health is an IoT and Analytics company focused on improving
productivity and profitability at community hospitals, outpatient surgery centers, and private-practice clinics.
The company offers: Metrix Smart Room Sensors, for streamlining staffing and case scheduling using RTLS;
Metrix Patient Safety Bands for preventing medical errors and verification of patient ID, type of surgery,
anatomic location and allergies; Metrix Asset Tags, for asset uttilization and tracking; and Metrix Staff ID Badges
for staff authentication.
Lightning Bolt [Burlingame, 2002]: Lightning Bolt Solutions is a provider of cloud-based automated physician
scheduling software for hospitals and health systems. The company claims to manage over 3 million physician
shift hours each month. Also offers analytics for customized reports.
Workflow
189 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Operational (9/21)
Company
Details
Workflow
RigPlenish [California, 2015]: RigPlenish is a web and mobile application that automates the paperwork
required to be filled by a paramedic at each stage of an ambulance run. Features include: Collects real-time data
from wifi enabled devices on ambulances and use predictive analysis to auto-populate the process of data
collection; Assigns each patient's data to patient through a barcode technology; and analyzes time discrepancies
to make ambulances more efficient. The company's customers are independent Ambulance companies.
Workflow
MedTimers [New York City, 2014]: MedTimers is a web-based patient flow management solution that allows
medical facilities to track, manage and analyze patient flow. The platform also calculates and publishes real time
'wait times' for patients so that they can estimate the time they need to wait. MedTimers uses real-time
analytics to allow healthcare facilities identify bottlenecks, loopholes and trends in their patient and workflow
operations.
Workflow
DocDelta [New York City, 2014]: DocDelta is a predictive analytics solution that helps healthcare providers
recruit and retain top talent. DocDelta analyzes medical, social, and market data to predict which physicians and
nurses are most likely open to taking a new job or leaving their current role.The candidates are measured
against a Mobility Score (flight risk score). Clients pay a monthly subscription to use DocDelta’s platform.
DocDelta is part of the Summer 2015 Accelerator class of BluePrint Health.
Workflow
Workflow
Avantas [Omaha, 1998]: Avantas is a technology-enabled services company that helps healthcare providers
manage their workforce through predictive analytics, workforce analytics, and scheduling software. The
company's proprietary HELM methodology combines workforce planning, demand forecasting, and operational
best practices with a scheduling solution. The company was acquired by AMN Healthcare in 2014.
Pridiktiv [Ghent, 2015]: Pridiktiv is a cloud based SaaS mobile platform that uses analytics and big data to
improve operational efficiency by streamlining tasks and administration. Pridiktiv gathers data from healthcare
devices or by manual data entry and uses algorithms and predictive analytics to help care takers operate
efficiently.
190 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Operational (10/21)
Company
Details
Workflow
Med Smart [Bangalore, 2014]: MedSmart provides insights by analysing data extracted from the Healthcare
Information System (HIS) and various other operational data sources. It provides Key Performance Indicators
(KPIs) and analytic views on financial, operational and clinical parameters. Key performance indicators include
performance of group, physicians, departments & service groups, bed capacity utilization, nursing service
analysis, lab turnaround time, patient revenue analysis, in-patient to out-patient ratio, resource utilization and
staff scheduling. Other features include total cost of ownership calculation, visualization, dynamic charts and
automatic report generation. Product of Kavaii Business Analytics.
Strategic
Binary Fountain [McLean, 2003]: Binary Fountain's patient feedback management solution, Binary Health
Analytics, is a cloud based platform that is designed to analyze opinion content with regard to healthcare. Binary
Fountain's engine mines patient feedback and commentary from surveys, social media and online review sites $21.7M
and analyzes the content over specific operational categories. The platform also provides a feature to engage
with patients using campaigns and publishing features.
Strategic
Evidation [Menlo Park, 2014]: Evidation Health began in 2014 as a collaboration between GE Ventures and
Stanford Health Care and later merged with The Activity Exchange to analyze the claims of digital health
Rock Health, Asset Management
companies using scientific evidence. Evidation Health pulls medical, behavioral and contextual data and $17.66M Ventures, GE Ventures, Fresco Capital,
leverages those to arrive at a quantifiable result of the value of digital health technologies. Currently the
B Capital Group
company caters to health plans, digital health companies and pharma companies.
Strategic
Strategic
Funding
Investors
HLM Venture Partners, Providence,
Pioneer Venture Partners, Pioneer
Ventures Associate
HealthVerity [Philadelphia, 2014]: HealthVerity is a company focused on providing geography directed patient
engagement solutions. The company offers solutions like market intelligence, clinical messaging, smart media
and social informatics. According to the company, it aims at helping providers and payers by creating a platform
that uses insights gained from the intersection of healthcare data and patient location analytics.
$7.1M
Greycroft Partners, Flare Capital
Partners
Dapasoft [Toronto, 1997]: Dapasoft, based out of Canada, offers health analytics, BI, and patient provider portal
solutions to healthcare organizations. The company uses Mircosoft technologies to provide its solutions. It offers
integration services, based on HL7 and interoperability, to healthcare organizations. The company is currently
developing a cloud-based product scheduled to be released by 2015 year end. The startup has won 4 Microsoft
Partner of the Year awards
$4M
York Angel Investors
191 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Operational (11/21)
Company
Details
Funding
Investors
$3.9M
Hatteras Venture Partners, Boston
Millennia Partners, Excelerate Health
Ventures, NueCura
Strategic
Bivarus [Durham, 2010]: Bivarus helps healthcare organizations capture and operationalize data and insights on
the patient experience to improve care and service operations. The company offers a cloud-based real-time
analytics platform to gain insights into drivers impacting the patient experience, buying behavior and provider
performance. In May 2016, the company acquired healthcare-focused measurement and consulting firm, The
Jackson Group.
$2.7M
Rick Hansen Institute, Prosoft
Development
Strategic
Self Care Catalysts [Toronto, 2004]: Self Care Catalysts is an intelligence and analytics company that uses real
world, real time data from patient experience to help improve the quality of care. The company offers patient
organizations the Health Storylines platform which is a customizable mobile app that enables patients to engage
in self-care. The electronically captured patient data helps in population based analytics and insight into patient
behavior. Offers Patient Storyline platform to Pharma companies that offers actionable insights for pharma preand post-commercialization, marketing planning and decision-making
$1.8M
Floodgate, Silverton Partners, LiveOak
Venture Partners, Capital Factory,
Dreamit Ventures, Dreamit Ventures
Strategic
NarrativeDx [Austin, 2014]: NarrativeDx is a cloud-based platform that helps healthcare administrators improve
their care based on what patients say about the care services they receive. NarrativeDx uses healthcare-specific
Natural Language Processing and Machine Learning to collect, analyze, and visualize unstructured patient
feedback from internal and external sources (CAHPS surveys, grievance letters, social review sites). The
company helps in improving patient experience for healthcare systems, hospitals, ACOs, and outpatient facilities
by highlighting areas for improvement and providing specific recommendations.
XMi High Growth Development Fund
Strategic
Stratasan [Nashville, 2010]: Stratasan provides healthcare market intelligence to healthcare strategic planning
and marketing professionals. Offers Blackbird Query Engine, that can be used by health analysts to turn health
data from hospitals, outpatient centers, physician offices, medical care surveys, behavioral and demographic
$1.23M
data into intelligence. It offers its solutions to hospitals, surgery centers, pharmaceuticals, health plans, and
physician offices. Also offers Physician pathway, a platform that offers intelligence on physician and provider
relationships.
Strategic
SayAh [Tulsa, 2012]: SayAh offers a cloud-based platform that provides doctors and health systems with the
tools needed to turn real-time patient satisfaction reviews into meaningful information. The company offers
digital survey tools that work on tablets, desktops, laptops, and mobile phones. The patient surveys are then
analyzed using dashboard tools. The company claims the real-time patient satisfaction feedback helps physicians
to attract and retain patients, improve practice performance and improve online reputations.
192 Healthcare Analytics Report, July 2016
$275k
Suite Solutions
Clinical
Financial
Operational
Operational (12/21)
Company
Details
Funding
$125k
Strategic
SMA Informatics [Richmond, 2001]: SMA Informatics offers, Patient Care Analyst, an Internet-delivered
reporting system that allows healthcare providers to track the migration of patients in service areas, compare
market share among competitors and perform DRG, ICD and CPT code analysis. Features include: analyze
patient discharges and length of stay, compare physician performance, analyze payers and evaluate access and
utilization patterns across payer categories and analyze market share by comparing discharges
Strategic
Definitive Healthcare [Natick, 2008]: Definitive Healthcare is a provider of data, analytics and intelligence on
hospitals, physicians and other healthcare providers. The company claims their product suite provides the data
on over 8,100 hospitals and IDNs, 7,300 ambulatory surgery centers, 11,000 imaging centers, 38,000 long-term
care facilities, 1,200 ACOs and HIEs, 197,000 physician groups, 1.3 million physicians, and 750 Canadian
hospitals. The company also provides clients with the analytics and insight needed to effectively segment and
research the healthcare provider market.
Strategic
Strategic
Strategic
EveryPatient [Boston, 2014]: EveryPatient is a mHealth analytics company that develops health survey products
designed to drive quality improvement and cost reduction for health delivery facilities. Uses mobile, tablet
based survey tools. This data is analyzed with EP-Smart Analytics to produce reports and recommendations. The
recommendations are implemented using the EveryPatient Model.
Equation [Layton, 2006]: Equation provides a cloud based enterprise health analytics platform that allows
healthcare executives to improve healthcare delivery and make better business decisions. The analytical
products offered under their DataRiver platform are physician analyzer (physician practice data), service line
analyzer (inpatient and outpatient), downstream analyzer (value of physician practice) and market analyzer.
Dapx [Sao Paulo, 2013]: Dapx provides technology-based market intelligence to the healthcare industry in Brazil
using a data algorithm process. Dapx offers studies focusing on patients, procedures, diagnostics and drugs
supporting strategic areas of business, such as marketing, business development, market intelligence and
pharmacoeconomics. The solutions offered include DAP Monitor, identifies the behavior in purchasing
medicines and profile of patients in the private health in different therapeutic areas; Dap SUS, involves the
extraction, normalization and processing of market data of public health in Brazil; and DAP Reports, an
application of technology and intelligence on the health insurance data.
193 Healthcare Analytics Report, July 2016
Investors
Spectrum Equity
Suite Solutions
Clinical
Financial
Operational
Operational (13/21)
Company
Strategic
Details
Implant Box [Waltham, 2011]: ImplantBox is a cloud-based implant registry created by ClinicalBox. The
company claims that the product is HIPAA compliant. Features include: Search registry, for searching implants in
a practice's registry; Analytics and reporting, for finding patterns across a practice; and Autofill Forms and
Letters, for automating paperwork. The registry is
Analytic Alchemy [Camp Hill, 2012]: Analytic Alchemy offers a big data analytics platform for healthcare. The
company appears to have closed its operations.
Strategic
Glimpse Live [Jacksonville Beach, 2011]: Glimpse Live offers an analytics solution that tracks and measures a
practice's performance. The Glimpse report enables the owner to track their business performance, identify
growth opportunities and future trends, compare results among peers.
Strategic
Strategic
Strategic
Quaenam [Godalming, 2015]: Quaenam provides Horizon, a web-based collaborative platform, that helps
health and social care professionals with tools to support their planning processes and to monitor their
contractual performance. Horizon is a delivery interface of data sources and associated business intelligence
tools that can be configured and customized based on an User's needs. The insights are provided through a high
level dashboard and a detailed level storyboard.
iHealth Analytics [Dallas, 2008]: iHealth Analytics offers a web-based efficiency measurement and analysis
system to payers and providers. The platform helps physicians and payers perform comparative analytics and
resource utilization. The company's product components includes a web-based interface, analytics engine and
database,
194 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Operational (14/21)
Company
Details
Strategic
Metriq Labs [Seattle, 2015]: Metriq Labs provides an automated digital platform to help healthcare providers
capture patient feedback and use it to measure and improve patient satisfaction. Uses a text analysis system to
automatically analyze written communications. The company offers: Patient Satisfaction Score based on publicly
available data and direct feedback; Operational Insights & Trends that describe actionable improvements
mentioned by patients; and Patient Feedback Capture in multiple languages. The pricing is based on whether
the provider is a single doctor ($50/month) or a small practice ($150/month). Hospitals and clinics have
different quotes.
Strategic
Strategic
Strategic
Limelight Performance [Pensacola, 2013]: Limelight Performance offers performance analysis software to
healthcare providers to get insights into the quality of care delivered. Collects information using patient
perception surveys and provides real time data tracking on performance assessment. As part of its Performance
Pioneer program, early adopters also receive coaching tips to support staff development.
Medytex [Fargo, 2013]: Medytex is a cloud based real-time patient feedback platform that offers a
communication channel between the patients and the providers. Medytex creates short surveys for healthcare
providers. Patients can answer by selecting icons available in different languages. Medytex analyzes the results
and generates reports for providers. The results are categorized in terms of a patient’s age, gender, and
language and clinic administrators can view the survey answers and comments in terms of charts. The platform
is part of North Dakota State University’s Technology Incubator
Perception Health [Nashville, 2014]: Perception Health analyzes community health data to help hospitals make
administrative decisions based on their area's needs. Products offered: phTeam, cloud-based tool for identifying
physician referral trends for reducing referral leakage and enhancing physician loyalty; and phCoder for simplify
medical coding and build a single code system.
Wiseyak [Bellevue, 2012]: Wiseyak provides a platform for healthcare monitoring that uses machine learning
and natural language processing to convert free-form patient narratives into integrated patient health data
across multiple platforms and analyses it for meaningful relationships.
Strategic
195 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Operational (15/21)
Company
Details
Strategic
Prime Healthcare Analytics [Miami, 2014]: Prime Healthcare Analytics, is a healthcare analytics company that
offers a cloud-based healthcare market intelligence (HMI) application. The company provides its users with the
tools to perform customized research and analysis on healthcare markets throughout the United States.
According to the company, it can assess the most optimum locations for expansion of health care services. The
company offers to provide thermal maps, plots, analysis, clones and reports to study the market. It caters to
Medical Operators and Medical Real Estate developers
Strategic
HealthGuideApp [Reykjavik, 2015]: Health guide is a platform that enables patients to provide ratings and
reviews of providers and services based on satisfaction, time spent and quality. The company claims to
empower patients with the ability to make informed, data-driven decisions of providers that are right for them
and empower providers and healthcare organisations with the ability to gain insight into patient-customer
perceptions. The company is still in the prototype phase.
Strategic
Yorn [Conshohocken, 2009]: Yorn (Your Opinion Right Now) offers healthcare organizations insight and
intelligence into patient generated feedback. The company's analytics platform is optimized for mobile and is
HIPAA compliant. Yorn's "Feedback-as-a-Service" enables patients, family members, and clinical staff to provide
real-time feedback on any healthcare experience. These insights enable providers and payers to identify
potential problems and make appropriate operational changes that improve patient experience, patient
satisfaction, and patient compliance with care plans.
ekinwise [Mumbai, 2015]: Ekinwise is a stealth mode startup working on health care data intelligence. Yet to
launch as of Jan 2016.
Strategic
196 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Operational (16/21)
Company
Details
Strategic
Curate.Health [Nashville, 2012]: Curate.Health, formerly known as SmartPatient, offers healthcare providers a
real-time patient satisfaction measurement system. Curate.Health offers patients a personalized mobile
application for communication, status notifications and education. The system includes a mobile patient
experience platform along with patient-specific analytics to improve clinical quality and patient experience. The
company's real-time machine learning sentiment analysis algorithms automatically identifies and prioritizes
patients in greatest service distress enabling real-time service recovery. Curate.Health also offers longitudinal
patient-specific analytics for predictive, market research and service personalization.
Funding
Procured Health [Chicago, 2012]: Procured Health offers technologies that drive much-needed savings in
hospital supply spend. Procured’s solution suite includes three web-based products: IntelligencePRO,
EvaluationPRO, and PipelnePRO.
IntelligencePRO is a comprehensive database of market and clinical
$15.1M
information for medical devices, which enables value-driven decision making EvaluationPRO is workflow
solution developed specifically for the hospital purchasing process PipelinePRO is a savings discovery BI tool that
Materials Management leverages data science methods to help healthcare providers proactively identify optimization opportunities
Materials Management
Cohealo [Boca Raton, 2012]: Cohealo is an asset mobilization and analytics platform for the healthcare industry.
The company helps hospitals rent out their non-emergency medical equipment. The company’s first product
$11.35M
informs hospitals when it’s the right time to move expensive medical technology between locations. Data and
analytics provides teams the insight to align asset spend with highest impact.
mPharma [Tel Aviv, 2013]: mPharma provides physicians and pharmacies with applications to prescribe and
locate the medicines they need and report adverse drug reactions. The data generated anonymously by
application users in Africa is analyzed and collected to build a pharmaceutical data platform. Prescription
Management tools provide physicians with an application that lets them know in real-time the exact location
and availability of any medicine of interest. The platform gives pharmaceutical providers access to real-time
data for market intelligence and service monitoring, helps ministries to meet public health challenges and
Materials Management improves access to medicines for all.
197 Healthcare Analytics Report, July 2016
$5M
Investors
Bessemer Venture Partners, Heritage
Group, Clayton Associates, Silicon
Badia, Blueprint Health, Fidelity
Biosciences, Zimmerman Ventures,
Accelerator Tech, Jump Capital
Romulus Capital, Krillion Ventures
Alchemist Accelerator
Suite Solutions
Clinical
Financial
Operational
Operational (17/21)
Company
Details
Funding
Investors
Intelligent InSites [Fargo, 2003]: Intelligent InSites helps healthcare organisations identify the location of
equipment and staff and analyze utilization rates. Through its software platform, it gathers data from real-time
location, condition sensing for improving asset management and patient flow. Its clients gain enterprise-wide
visibility and are able to impact continuous process improvements.
$5M
Arthur Ventures, Healthcare
Corporation of America
Medpricer [Guilford, 2008]: Medpricer is a trading exchange system that enables hospitals and suppliers to
negotiate contracts electronically and in real-time. Every competing supplier's pricing proposal, terms &
conditions and subsequent negotiations are all transmitted electronically. Pricing analysis is performed on the
data captured and terms and conditions from competing proposals can be compared side by side. The proposal
analysis enables the hospital to readily provide feedback to potential suppliers, allowing suppliers to respond to
Materials Management the hospital requests quickly and accurately.
$5M
Solstice Medical [Columbia City, 2005]: Solstice Medical uses analytics and RFID technology to help hospitals
manage and track their assets. Offers, ClinicalPulse, a real time analytics platform that provides supply chain
workflow solutions. Features include: Inventory tracking and control using RFID tags; and dashboards and
reports using analytics. The company claims their solution helps reduce supply chain cost and enhance clinical
efficiency by managing the supply continuum from manufacture to distribution to central supply to OR to
Materials Management procedure to billing.
$2.8M
Materials Management
Elevate Ventures
Valify [Frisco, 2014]: Valify provides a SaaS based platform that helps hospitals identify, benchmark and track
savings opportunities in their supply / chain process. The platform provides a database of vendors and suppliers.
The company claims that it simplifies analysis of non-labor spend by categorizing spend data intelligently. $2.75M
Analytics is used to compare spending across different facilities and identify areas where savings can be
Materials Management optimized. The technology is patent-pending.
Kermit PPI [Baltimore, 2012]: Kermit Physician Preference Items (PPI) offers a cloud-based, point-of-use spend
management and financial analytics platform for hospitals in implantable medical devices category. Features
include Contract compliance and bill audit engine by automated checking of every vendor bill; and Dashboard
analytics, for surgeons and supply chain to view and measure their preferences. Operates as a subsidiary of PA
& Associates Healthcare. The company has utilized the Mendix platform to custom-build an analytics platform.
Materials Management Offered as a subscription model.
198 Healthcare Analytics Report, July 2016
$525k
Dreamit Ventures
Suite Solutions
Clinical
Financial
Operational
Operational (18/21)
Company
Details
Funding
Investors
Syncera Interactive [Germantown, 2014]: Syncera Interactive, formerly known as S2 Interactive, is a developer
of software applications for medical device companies and hospitals. The Saas offered by them enables clients
to manage the array of complex instrumentation with a cloud-based, tablet compatible platform. It supports,
informs and enhances the service and supply of OR, especially orthopedic procedures. Also have a surgical
analytics platform designed for Hospitals for cost reduction. It is a strategic business unit within Smith &
Materials Management Nephew.
MB Venture Partners, Innova
Memphis
Omnicell [Mountain View, 1992]: Omnicell provides automated patient-centric medication and supplies
management and business analytics solutions for healthcare organizations. Clients range from acute care
hospital, post-acute skilled nursing and long-term care facilities to home healthcare. The automated
hardware/software systems for medication dispensing include solutions from the point of entry into the hospital
through the central pharmacy, nursing unit, operating room, and patient bedside. The supply management
systems promote cost control and charge capture for payer reimbursement, and improve management and
reordering of inventory. Products range from high-security, closed-cabinet systems and software to open-shelf
and combination systems in the nursing unit, cath lab, and operating room. Claim to have more than 3200
customers worldwide (as of Feb 2016). Omnicell Medication Adherence solutions, including its MTS Medication
Technologies brand, provide innovative medication adherence packaging solutions to help reduce hospital readmissions. Claim to enable approximately 7000 institutional and retail pharmacies worldwide to maintain high
accuracy and quality standards in medication dispensing and administration while optimizing productivity and
Materials Management controlling costs. Omnicell has been recognized with KLAS awards every year since 2005.
Sutter Hill Ventures, Ascension
Ventures, Peloton Equity
Veyo Logistics [San Diego, 2015]: Veyo Logistics is active in the Non-Emergency Medical Transportation (NEMT)
and healthcare logistics industry through a technology-first approach for patient transportation. Cloudtechnologies, Big Data analytics, GPS-tracking and mobile apps have been connected to a virtual, scalable and
cost effective fleet of drivers and their vehicles. It provides analytical insights to manage transportation better
and simplification of logistics. Veyo Logistics is a result of the combination of 2pointb, a transportation and
logistics technology company, with the healthcare logistics and transportation division of Total Transit, a
company with a 20-year track record of delivering a differentiated solution for provider partnership and call
Materials Management center technology.
199 Healthcare Analytics Report, July 2016
Suite Solutions
Clinical
Financial
Operational
Operational (19/21)
Company
Details
Insysiv [Kansas City, 2012]: Insysiv is a healthcare software company that helps hospitals achieve cost savings
for Physician Preference Items (PPI) by using predictive analytics. Using RFID technology on devices and assets,
Insysiv helps hospitals track the usage of products. The platform helps to ensure that the products are
appropriately billed and shows what items are needed and how much is of it is needed. It also gives visibility on
the procedures and physicians who have used the product. The platform allows different hospitals to pool in
Materials Management their purchasing together into one bulk order for greater savings.
Predicata [Providence, 2015]: Predicata provides an analytics platform that offers cost savings and quality
improvement opportunities under areas like service line device utilization, supply chain expense, and risk
management. Offers SupplylinQ, identifies and improves variations in Healthcare Supply Chain; Freight
Management, helps optimize transportation costs; and Risk Management and Quality Improvement provides
performance insights as compared to clinical guidelines and industry benchmarks. This program can be brought
Materials Management in-house and Predicata can be retained to manage compliance.
Synthium Health [Marietta, 2013]: Synthium Health is a networking marketplace for the healthcare industry
that enables providers and suppliers to exchange information and conduct eBusiness, cost-effectively. Provides
tools for eSourcing, supplier management, approval workflows, optical character recognition- fetch data from
paper invoices, spend analytics, reporting and accounts payable cycle. Partnered with Proclaim Inc., a provider
Materials Management of cash-flow improvement solutions for the healthcare industry.
CloudFace [Washington D.C., 2011]: CloudFace is a cloud based technology firm that offers end to end solutions
for healthcare supply chain management and uses predictive analytics for cost savings opportunities. The
company provides supply chain visibility and links manufacturers, distributors and hospitals.
Materials Management
200 Healthcare Analytics Report, July 2016
Funding
Investors
Suite Solutions
Clinical
Financial
Operational
Operational (20/21)
Company
Details
Funding
Investors
Health Market Science [King Of Prussia, 1999]: Health Market Science uses big data technology and analytics to
help healthcare organizations reduce operational costs, maximize market opportunities and comply with
evolving federal and state laws. The company claims to maintain a healthcare master file of over four million
BFTP, Mediphase Venture Partners,
providers, one million healthcare organizations and the affiliations between them. Its platform - Current, data $51.93M Cross Atlantic Capital Partners, Edison
management and analytics platform provides real time access to search, validate and insights. Its platform is
Partners
capable of ingesting data directly from backend systems or through the API interface. The company claims to
hold the largest claims data warehouse. The company was acquired by LexisNexis in January 2015.
Treato [Yehud, 2008]: Treato automatically collects patient-written health experiences from blogs and forums
and, with Natural Language Processing (NLP), extracts relevant information, of what people say about their
medications and conditions. Treato’s Consumer site (treato.com) provides patient-oriented knowledge source
$14.5M
which is completely advertising-free and free-of-charge. Treato Pharma is an innovative brand intelligence
service for pharmaceutical marketers and agencies that provides real-time insights into patients’ opinions and
attitudes.
Tesaris [Salt Lake City, 2006]: Tesaris develops information systems that focus on optimal staff utilization,
appropriate patient placement and data-based hospital decision support. Tesaris is developing healthcare
systems using web-based program platforms. Offers PreCIS Suite consists of six distinct HIT systems integrated
to work together for areas like materials management, department utilization, HR and staffing management.
Sentius Technologies [Salt Lake City, 2014]: Sentius Technologies provides business intelligence to small and
private dental and medical practices. The company offers offers monthly reports into the financial, marketing
and operations aspects of a practice. Provides local benchmarking for practitioners and ability to forecast
financial metrics.
201 Healthcare Analytics Report, July 2016
$230k
Orbimed, Reed Elsevier Ventures,
New Leaf Ventures
Suite Solutions
Clinical
Financial
Operational
Operational (21/21)
Company
Details
ClinicalMind [Jersey City, 2012]: ClinicalMind is a medical communications company that offers analytics,
reporting, and metrics through its enGauge platform to help healthcare providers manage their program
effectiveness. The enGauge platform comprises: Clinical Perspectives, an advisor engagement platform
equipped to host surveys, document reviews, video trainings, feedback programs; Speaker Resource Center, an
online speaker portal; Clinical Resource Center, a Peer-to-peer educational platform and Clinician Database, a
database that contains information on key clinicians and engagement tracking.
Web2Doctors [Guarulhos, 2013]: Web2Doctors, is a company based out of Brazil that provides a platform
which merges big data analytics, Enterprise Content Manager (ECM), and Social Business technologies for the
healthcare sector. The company integrates data from multiple sources, including EHRs, EMRs and provides
strategic business and marketing insights using analytics and intelligent dashboards. The platform also provides
collaboration opportunities among professionals.
202 Healthcare Analytics Report, July 2016
Funding
Investors
3
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
203 Healthcare Analytics Report, July 2016
Team
Abhimanyu Imtiaz,
Kulbir Bhatti,
Analyst, Health - Enterprise
Lead Analyst, Health - Enterprise
204 Healthcare Analytics Report, July 2016
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