The digital health boom has touched down emphatically in New York. According to data from CB Insights, healthcare technology companies raised more money in H1 2014 than in the previous 12 quarters combined.
With leaders such as Zocdoc, which raised $130M in August 2015, healthcare startups in NYC are shaking up insurance, consumer-facing platforms, data analytics, medical software, and more—with tailwind from plenty of investor cash. A growing network of innovative New York companies is helping medical professionals work and patients thrive, with more early-stage investment occurring all the time.
We've rounded up 27 of the most significant players on this rapidly growing and changing landscape.
What they do: Force Therapeutics provides a management platform for patients and medical professionals working with musculoskeletal conditions.
How it's changing healthcare: Force gives patients complete care through accessible technology, patient-provider communication and video-based education. This continuous dialogue between patients and medical providers dramatically improves patient outcomes.
What they do: Flatiron Health is a cloud-based SaaS company focused on cancer care. After watching family members battle cancer, co-founders Nat Turner and Zach Weinberg set up shop on Fifth Avenue in 2012 with clearly articulated core values and a mission to make oncology more tech savvy.
How it's changing healthcare: New York startups raised a whopping $700M in January 2016, and Flatiron had the largest of those rounds by far, pulling down $175M. It has established itself as a local and international leader in cloud technology and health tech alike.
What they do: With the goal of global health improvement, StartUp Health is coordinating a network of “Health Transformers” working to improve the wellbeing of all. With more than 165 companies across 5 continents, StartUp Health boasts the largest digital health portfolio in the world.
How it’s changing healthcare: StartUp Health is 5 years into a 25-year plan of improving worldwide healthcare. In October, Startup Health announced ten “Moonshots” that are top priority for the entrepreneurs and innovators working with the company. Issues topping the list include access to care, cost to zero and ending cancer once and for all.
What they do: ContextMedia is transforming the patient experience through healthcare focused content and technology. The company is headquartered in Chicago and have a growing New York office located in Manhattan.
How it’s changing healthcare: ContextMedia is evolving the typical doctor visit by providing new interactive technologies in waiting rooms and exam rooms across the nation. The healthtech company has worked with over 70 of the nation’s biggest healthcare associations and publishers, including the American Cancer Society, American Lung Association and Stand Up To Cancer.
What they do: Noom's suite of apps puts healthy lifestyle coaching in your pocket. The Noom Weight Loss Coach, the company's cornerstone product, breaks the pound-shedding quest into a simple series of daily tasks. Other apps focus on cardio, diabetes, and more.
How it's changing healthcare: On the outside, Noom's focus is on actionable simplicity. But it has an impressive array of algorithms and research at work under the hood, and has forged partnerships with Aetna, Samsung, and other heavy-hitters in health.
What they do: Zipdrug makes getting prescription medications as easy as tapping an app. Place an order, and a Zipdrug messenger will deliver your meds to most anywhere in New York, from any pharmacy, any time between 8:00 a.m. and 10:00 p.m.
How it's changing healthcare: Waiting in line at the pharmacy is about as popular as going to the DMV, except while you're twiddling your thumbs at Walgreens, your physical health is also on the line. After only a year in business, Zipdrug wrapped up 2015 in grand style, scoring $2.6M in funding and making our 2016 list of the top 50 NYC startups to watch. A partnership with Pager speaks of more big things to come for this company.
What they do: Oscar is a friendlier, more data-driven and design-savvy sort of insurance company. It recently added new plans with small, exclusive provider networks, enabling more competitive pricing and bringing the local unicorn closer to its goal of one million members.
How it's changing healthcare: Oscar has friends in very high places. Along with its fellow New York firm Zocdoc, Oscar was called in by the Obama White House to help with outreach related to the Affordable Care Act of 2010.
What they do: Quartet Health's library of behavioral healthcare solutions facilitates collaboration between patients and providers with an aim toward stopping major health crises before they start. It is driven by a robust data engine and strong relationships with various health plans and systems.
How it's changing healthcare: Quartet estimates that 35% of patients with chronic illnesses have underlying behavioral health problems that need to be addressed, and that 143,000 ER visits a day are related to behavioral health concerns. It has aligned itself with a growing movement to change American healthcare from the ground up and tackle health concerns where they start. A big Series A round in 2015 says they're onto something.
While it can be difficult to provide your parents or grandparents with personal and comfortable assistance in the comfort of their own home, Hometeam is attempting to solve this problem. The company is taking a new approach to senior home care by using technology to make it easier for families to locate, hire and monitor caregivers.
How it's changing healthcare: The marriage of technology and specialized in-home care is revolutionizing the at home care industry.
What they do: A simple mission–empower the patient–has placed Zocdoc among the ranks of New York's most powerful unicorns. Zocdoc's robust consumer interface guides users through the frustrating tasks of finding in-network physicians, comparison shopping, booking (and remembering) appointments, and filling out the necessary paperwork. The online platform is free to use, as are the Android and iPhone apps.
How it's changing healthcare: Launched in 2007 and originally exclusive to Manhattan, Zocdoc now covers 40% of the U.S. population in more than 2000 cities, demonstrating what consumer-facing startups can accomplish when they streamline complex processes and add a bit of human warmth to an otherwise intimidating experience.
What they do: The concept of online mental health counseling is hardly new, but with the sprawling ecosystem of chat apps and discussion boards out there, your mileage may vary considerably. Talkspace brings a fresh sense of professionalism to the field, with a systematic approach customized to user needs and over 300 licensed therapists in its network. New users can take a free assessment and work with Talkspace to get matched to the right provider, starting a long-term mental health journey on the right foot.
How it's changing healthcare: The people who can most benefit from talk therapy have often found it hardest to come by due to financial difficulties, geographic isolation, and other factors. Talkspace has the potential to change all that, especially after a $9.5M funding round in 2015.
What they do: Oculogica's proprietary EyeBox technology picks up abnormal eye movements to help localize and assess concussions and traumatic brain injuries.
How it's changing healthcare: Concussion and traumatic brain injuries are at the center of raging controversy in the sports world, but diagnosis and treatment remain difficult. There is currently no universally accepted method for gathering data to detect concussion. Oculogica's neuro-diagnostic is still in development and has not been cleared by the FDA, but with $1.7M in funding behind it, the technology may set a new standard for measuring central nervous system physiology and tackling some of the most vexing health concerns around today.
What they do: Straight outta Brooklyn, Sherpaa Health provides 24-hour email and telephone access to doctors in hopes of sparing patients (and their employers) the cost of needless emergency room visits.
How it's changing healthcare: Sherpaa boasts a client roster of more than 150 companies, including such high-profile tech entities as Tumblr, Meetup, and General Assembly. In 2015, it facilitated an average 6.5% decrease in their healthcare costs and gave their employees peace of mind beyond any measurable ROI. It demonstrates that, with qualified guidance, it's possible to cut costs and leave everyone healthier and happier.
What they do: Working at the intersection of healthcare, data visualization, and 3D modeling, Soho's BioDigital brings some technological pizzaz to the study of anatomy and disease. Its cornerstone product is the BioDigital Human, a 3D human body that invites students, healthcare providers, and patients to immerse themselves in the inner intricacies of our species.
How it's changing healthcare: The BioDigital Human comes with a robust API and nearly endless potential applications. It is already in use at the international children's charity SmileTrain, the fitness training company Yamuna, and the NYU school of medicine.
What they do: "Uber for doctors," anyone? Founded by French ex-pat Gaspard de Dreuzy and Uber designer Oscar Salazar, the Pager iPhone app charges a flat fee of $200, in exchange for which it promises a doctor at your doorstep within two hours of reporting your symptoms, making it more than competitive with pricey New York walk-in clinics.
How it's changing healthcare: Thanks to a partnership with Zipdrug, Pager delivers prescriptions without extra charges. What began as a small network of doctors in New York and San Francisco may soon bring on 31,000 new providers thanks to a deal with Evolution, the on-demand arm of the healthcare behemoth EnVision. After rigorous and successful testing in New York's highly regulated market, Pager is prepared to scale in a major way.
What they do: Zipari makes products that streamline interactions between health insurance carriers and their customers. Its CRM implements Salesforce technology to help insurance companies better understand the humans they're dealing with, while Zipari Content Management and Online Shopping applies digital marketing know-how to facilitate more efficient and rewarding user experiences.
How it's changing healthcare: Health insurance carriers are not often famous for providing a rewarding consumer experience. Zipari gives them the tools to build closer relationships with the people they serve and drum up new business and user enthusiasm while they're at it.
What they do: MicroHealth focuses on helping patients with chronic conditions who use biologic medications. It provides professionals with secure data that can warn them when a patient is off course, and helps patients improve their habits and live well.
How it's changing healthcare: There is power in specificity. MicroHealth's arthritis and hemophilia communities provide targeted resources for patients and pros dealing with daunting and unusual challenges. With new communities on the way, along with a nice funding infusion from Y Combinator in August 2015, it looks poised to grow.
What they do: Endeavor Plus provides one-stop health insurance solutions for smaller companies, pulling together the services of various partners into a fully integrated, ERISA- and HIPAA-compliant product.
How it's changing healthcare: Endeavor Plus covers all the bases, including plan design, provider access, reinsurance coverage, risk leveling, and employee engagement. It demonstrates how startups and small businesses can cut costs and red tape while building fruitful relationships that keep employees happy and healthy after all the bills are squared up.
What they do: Big data gets bigger all the time. The biomedical analytics firm Picofemto provides healthcare pros with cloud-based Cliniscan software that crunches all those numbers into information they can use.
How it's changing healthcare: With "a mission to revolutionize healthcare," Picofemto does nothing by halves. It closed a $2.2M funding round in July 2015 and is expanding its product suite to include an examination of the human genome and more.
What they do: medCPU is a SaaS company that gathers and analyzes the treasury of information that previously existed only in Electronic Medical Records and the hand-scribbled notes of physicians. Its patented Context Engine breaks down the important clinical content in patient records and related documents, drawing a comprehensive portrait of the patient and utilizing the latest advances in decision support science.
How it's changing healthcare: 2015 was the biggest year yet for medCPU, bringing $3M in funding and a wave of attention from the technology, business, and medical press. It invites healthcare providers to "explore a new era" of precision, accuracy, and user-friendly data-crunching.
What they do: Woe be unto the patient who tries to gather healthcare provider data by his or her self. Information is hidden all over the place with no guarantees of relevance or accuracy. Vericred does what an army of Yelp users simply cannot—it gathers the most complete and useful set of provider data available.
How it's changing healthcare: In 2014, following a $1.125M seed round, Vericred launched PlanCompass, a "provider-centric search" tool for individuals. PlanCompass Pro, an enhanced version for providers, is now available as well.
What they do: Paradigm Health Plans provides self-funded health plans and aims to be a lifestyle partner. The company offers a Membership Advantage Program (MAP), Lifestyle-for-Life Health Management system, and more.
How it's changing healthcare: The company has ROI on its side: The Lifestyle-for-Life program boasts an average 9% decrease in actuarial costs, and 74% of MAP members have cut their out-of-pocket expenses.
What they do: Greatist is a venture-backed media startup packaging health, fitness news, and advice for an enthusiastic 20- and 30-something audience. It has become a go-to resource for bite-sized articles and videos with an upbeat, positive attitude.
How it's changing healthcare: With a whopping $4.5M Series A round already on the books for 2016, and a 250% viewership increase year by year, Greatist is thriving in a difficult and rapidly changing new media landscape. Articles such as "34 Healthy Breakfasts for Busy Mornings" will doubtless prove useful for its staff as well as its audience.
What they do: Searching for health information on the web can be a scary and alienating experience. With a range of digital products and even old-fashioned paper magazines distributed to clinicians, Remedy Health Media consolidates useful and accurate information and makes it easily accessible, fighting the din of fearmongering and gibberish.
How it's changing healthcare: Drawing on both New York's history as a media town and its growing interest in health tech, Remedy Health Media is well positioned to grow. With a range of multimedia initiatives, two big funding rounds in 2015, and a partnership with the University of California, Berkeley, Remedy is among America's fastest-growing health information and technology company.
What they do: Evolution of Medicine offers online resources, content, and community to healthcare providers with an eye toward helping create digitally integrated "micro-practices."
How it's changing healthcare: This Brooklyn company helps to build not just practices but local healthcare communities, and primes its users for leadership positions within them. Though it describes its main portal as "still under construction," it is already shaping up to be a multi-platform powerhouse, with forums, podcasts, phone consultations, and even an annual live event.
What they do: Add BoardVitals to the booming roster of young companies driving the health information revolution. This healthcare education startup provides medical content and online assessment tools to prepare health professionals for certification exams, drawing on the work of leading publishers, universities, and providers.
How it's changing healthcare: The internet—it's not just for patients! BoardVitals applies crowd curation and machine learning to the arduous medical board review process, establishing a virtual community for pros in medical fields from child psychiatry to interventional cardiology.
What they do: Is there a doctor on the web? 1DocWay invented a new noun, "telepsychiatry," for its distanced treatment of emotional disturbances, behavioral disorders, and mental illness. The startup has become a leader in its young field, providing new resources to the underserved patient populations who most need them.
How it's changing healthcare: The software firm did so well that it was acquired by Genoa, a QoL Healthcare Company. It now operates as Genoa Telepsychiatry but retains its 1DocWay and its charming, friendly approach.
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