Investors love the digital health world right now. Money has been coming in at an ever-increasing rate, and there are already a handful of digital health startups valued at more than $1 billion.
This is good news for scientists, doctors, and patients. Many of these digital businesses are helping to revolutionize medical information, diagnosis, treatments, and more.
We have already dubbed 2016 "The Year of the Business of Health," so it's worth taking a look at some of the businesses that are poised to do big things this year. Here are 13 digital health companies making an impact for physicians and their patients.
Perfint Healthcare creates robots that take live images inside a patient's body. These images allow doctors and radiologists to directly target and treat problematic areas.
The technology is already being used by oncologists to help with diagnostics, cancer treatment and surgery. For example, the robots can allow oncologists to precisely insert a needle into a tumor to take biopsies or make injections.
Cognilab's platform allows social scientists to conduct cognitive experiments and clinical trials quickly and effectively. This opens up experiment recruiting pools to anyone with an internet connection. Results come in much faster, and clinical trials can be completed quickly.
Cloud-based oncology data platform Flatiron is rapidly developing a collection of data and analytics tools. These tools will connect cancer centers across the world to share data, find new insights, improve diagnosis, and enhance treatment.
Figure 1 is becoming the "Instagram of the medical world." It lets doctors and nurses share medical images to improve diagnoses and share knowledge across the medical field. The company has already brought on 500K users.
Novum Concepts has created an innovative smartphone app that will save lives by letting hospitals properly prepare themselves for critical patients. The app lets first responders take data (such as EKGs), images, and video from the field, then send it directly to a hospital and ER doctors. This allows a rapid and accurate response to life-threatening conditions and ensures all the correct treatment options are available when the patient arrives at the hospital.
Magnus Health celebrates its 10th year in business in 2016. It has spent that decade setting up more than 1,000 student medical record programs nationwide to reduce paperwork, save schools money, and make academic institutions more prepared to handle emergencies.
The fast-growing Aptible wants to be a key part of digital health infrastructure by helping other companies automate their HIPAA compliance. The company has two core products:
- A deployment platform that lets developers build architecture that can securely store sensitive patient data.
- A compliance platform that helps manage HIPAA requirements and other security issues.
The SolveBio platform gives hospitals and large companies access to genomic data, allowing them to build "clinical grade molecular diagnostics applications" as quickly as possible. These apps let patients and consumers understand the effects of DNA variants on their health.
Last fall, Modern Healthcare named Health Catalyst one of the best healthcare employers in the country. The analytics and data warehouse provider currently serves about 100 hospitals across the US.
Zipnosis is helping physicians provide virtual care to patients. The company's software is designed to complement a clinic's on-site operations by letting care providers speak with patients via telehealth tools. This helps to grow the clinic's patient base.
Pharmacogenomics company Assurex Health in southwestern Ohio has developed a genetic test, called GeneSight, that helps care providers make better decisions when prescribing medication to patients whose hereditary traits might conflict with the therapy.
CliniOps makes it easier to create, manage, and analyze clinical trials. "20% of Phase 3 clinical trials are done outside of the US to ensure a heterogeneous mix of subject populations," Founder and CEO Avik Pal says. "An efficient design of a software with a focus to work in those conditions is absolutely needed."
The software has built-in checks for ethical standards and compliance. Its current offerings include:
- CliniTrial, which allows research groups to quickly and easily set up and manage clinical trials;
- CliniSite, which lets researchers track performance and monitor study patients from one place;
- CliniPatient, which keeps patients interested and engaged with the clinical study.
Doximity is a "LinkedIn for Physicians." More than 400,000 medical professionals use the HIPAA-compliant network for:
- Discussing topics with other medical professionals,
- Sharing advice to create better treatment plans,
- Connecting with classmates and peers,
- Networking with possible employers and medical organizations, and
- Earning credits by reading medical journals.
Ultimately, the work these companies are doing will open up opportunities for healthcare providers to work more efficiently, focus more of their energies and resources on patients, and create better health outcomes for everyone.
Tags: Healthcare consumerism, Providers