Healthcare technology is also referred to as HealthTech. This term refers to using technology to develop and improve the healthcare system or healthcare services. There are many different healthcare startups and most modern healthcare providers make use of various health tech solutions to provide better care for their patients.

Technologically advanced healthcare services can, however, be challenging to create. These types of companies make use of all sorts of infrastructure and technologies to produce their products or services. Here is a quick look at some of the main techno-systems that modern startup healthcare facilities and companies use for their goods.

• Virtual Reality
• Neurotechnology
• Artificial Intelligence
• 3D Printing
• CRISPR
• Cloud Computing
• Health Wearables
• IoT

Different Types of HealthTech Companies

The healthcare industry is quite diverse and many different types of health tech companies are out there. It can sometimes be difficult to distinguish between the different types of healthcare service providers because the services these technologically driven firms offer can overlap.

Here is a quick look at some of the main categories for healthcare organizations that leverage modern technology to provide advanced medical treatments.

Hospitals and Clinics

This is the type of medical care that we all know and trust. They are physical hospitals or clinics that you go and visit when you are ill or injured. Hospitals, clinics, or medical offices are traditional medical facilities, but many of them are equipped with a lot of advanced technology in the form of advanced medical equipment.

Some might also leverage advanced HealthTech companies for appointments, to manage their finances, to make more accurate diagnoses, or to create advanced healthcare plans for their patients.

Medical Employment Platforms

Medical employment platforms are similar to any other recruitment site. These are simply targeted at those who work in the medical field.

With these types of apps, medical facilities, clinics, hospitals, and other organizations can post job opportunities for which medical professionals can apply. These types of healthcare facilities can also view the resumes of medical professionals who are already registered on the platform and invite them to apply for specific opportunities.

Some examples of common healthcare staffing agencies include companies likeMedical Places,CHG Healthcare, andAll Medical Personnel.

Locum Platforms

Locum agencies are very similar to medical staffing platforms, except they focus on freelancing opportunities or temporary employment opportunities for medical professionals.

These types of firms allow healthcare facilities to post available freelancing job opportunities so locum workers can apply.

Some examples of locum agencies include companies like Locum Tenens,Locumstory,Medstaff, andGlobal Medical Staffing.

Wellness and Mental Health Programs

There are a great many apps and companies out there that people can use to improve their mental ‌or physical health. Some of these companies are focused on providing individuals with mental health resources. Other companies are designed to help people stick to a specific workout or diet plan, and some are designed to help them relax and unwind.

Here are a couple of good examples of this diverse sector.

Headspace: A meditation and wellness app that offers guided meditations and other mental health programs.

Beddr: This company helps people understand different sleep issues and offers coaching and testing sessions to help you identify and overcome these sleep problems.

IncludedHealth: This digital health company provides mental health support and coaching for individuals and businesses.

Calm: This platform allows you to improve your overall mental health through sleep, meditation, and relaxation therapies.

Fastic: This intermediate fasting app helps you keep track of your nutrition, sleep, and movement.

Digital Health Services

Digital health services are apps or software that individuals and healthcare professionals can use for virtual treatment plans. Patients can connect with qualified medical professionals such as nurses, doctors, and psychiatrists.

Through the company’s app, website, or phone, patients can ask for home medical visits or enjoy online treatment sessions. Here are some good examples of this type of service provider.

DispatchHealth: Provides in-home services through the company app and will arrange for medical professionals to come to you to offer medical care.

TytoCare: This telehealth service provider uses AI in order to perform medical examinations and allow you to get medical examinations from the comfort of your home.

Healthcare Provider Databases

These types of companies are a type of healthcare database that patients can use to find local and suitable medical professionals to assist with a specific medical need.

The software can be used to get ahold of healthcare professionals who specialize in your specific medical condition. Platforms like these can even be used to book appointments with the closest possible healthcare provider.

CarbonHealth is a good example of this type of platform. It allows patients to find and book appointments with available medical providers that are close to them.

Healthcare Equipment Suppliers or Resources

There are many different healthcare equipment and consumable suppliers out there and it can sometimes be difficult for healthcare facilities to find all the equipment they need., Healthcare and equipment suppliers or resources are platforms that medical facilities can use to get ahold of these types of products.

Our favorite example of a facility that makes it easier to get ahold of medical supplies is TomorrowHealth. This healthcare company provides personalized in-home medical equipment and supplies for those with chronic conditions.

Pharmaceutical Companies

These types of healthcare businesses mainly focus on pharmaceuticals. They assist with processing prescription and insurance claims and will then supply the patient with the needed medication. Some pharmaceutical firms are digitalized and offer remote pharmaceutical delivery services, while others are brick-and-mortar facilities that you need to go and visit.

A good example is Capsule, which offers mobile-focused online pharmacy services. Patients upload their prescriptions via apps and prescriptions or refills are sent to their location on time.

Healthcare Data Analytics Platforms

Healthcare data analytics companies are businesses that use AI and other advanced software to improve precision medicine and diagnosis. These platforms give medical facilities access to real-world data so they can make a more accurate diagnosis or offer patients the best and latest treatment options.

Tempus is a good example of this type of company. This platform uses AI to diagnose diseases, predict the effectiveness of treatments, and identify suitable clinical trials.

Insito, on the other hand, transforms the way pharmaceutical patients can find advanced drug programs that suit their genetics.

Kriya Therapeutics uses gene therapy to develop remedies for biological diseases.

Patient Record Databases

These types of databases make it easier for patients to get ahold of their own medical records from different types of healthcare providers. Software like eHealth Technologies can be used to create electronic health records for patients and enables certain medical professionals to access this information in order to create a better health plan and a better patient experience.

Databases like these make it possible for our health data to be securely shared among several healthcare platforms. This explains why doctors can access our health history regardless of where we come from.

Educational or Informal Healthcare Platforms

These types of platforms are designed to teach, inform, or educate people about common diseases, mental health problems, and much more. Some, likeBrightline, can even be used as an educational platform for children and families. With this, they can learn various life skills or learn more about the most common mental health problems that families often face.

Medical Insurance Platforms

There are many different medical insurance companies out there and you might already have some form of medical or dental insurance that helps you cover all the costs associated with medical care. There are also some third-party companies with online platforms that allow you to find a suitable plan or insurance option that fits your budget and medical needs.

Healthcare Revenue Cycle Management Companies

These types of firms are designed to help doctors with their own practices manage revenue better. The software can be used to automate certain operational tasks like insurance claims, and doctors can use the software to keep track of their expenses or revenue.

Disease Treatment Plan Platforms

Some platforms or companies are designed to help you find easier treatments for specific diseases. These platforms use AI-driven technology to detect symptoms or patterns associated with diseases and can be used to derive a treatment plan for these conditions.

Here are some examples.

Novioc: This company is designed to help you detect early signs of neurological diseases.

Paige: The AI technology is designed to fight the growth of cancer through diagnoses and treatment plans.

Curology: This company provides personalized skincare services that can help people treat acne.

Medical Scheduling Software

These apps or medical programs make it easier for medical professionals to schedule and keep track of appointments with patients as well as other important tasks they might need to tend to.

These companies can offer all sorts of software such as patient scheduling services, calendar management and reminder services, medical billing services, and much more. Some good examples of these types of healthcare companies areWebPT andEpic.

What are Healthcare Startups?

A startup is a company or organization that is still in its early stages. This is a company that has been recently established and it’s still in it’s development phase. A healthcare startup is just that – but for companies that provide services for different aspects of the healthcare industry.

It’s always been considered risky to start a fresh new company. This is because new startup firms usually don’t have a lot of backup funding, or investors. They have yet to establish a client base, and, in the case of a new type of product or service, they might not have much experience.

Plenty of investors are afraid to fund, support, or invest in these types of companies because they are usually high-risk investments since the success rate of the company is still very uncertain.

Las Vegas has become an attractive city for many startups in the past few years. The city’s commitment to bringing in new and exciting companies has paid dividends, as more and more startups are starting to call Las Vegas home.

Why are Healthcare Startups Important?

Healthcare Startup companies are crucial for enhancing technology and service delivery. These companies are a great source of new and innovative ideas. They boost economic growth by creating more fierce competition for more established firms. Startups also support a growing economy and they provide plenty of job opportunities.

These all-new businesses are also noteworthy for investors because investments in these risky industries can be very lucrative if these companies become financially secure.

Investment packages in startups are usually affordable. Investors can sometimes get their hands on quite a lot of shares without a significant investment. If the company becomes successful, this investment will become hugely profitable.

As you can imagine, it can also be very risky to invest in startup companies because if the company doesn’t make it, all of your investments will be lost.

Healthcare Startups to Watch in 2023

Are you ‌someone who loves to learn about the latest in healthcare technology? Maybe you’re always on the lookout for new ways to improve the healthcare services you provide. Whatever the case, it can be good to stay up to date on all the newest medical companies.

It’s especially good to keep a watchful eye if you aren’t investing in these types of companies.

Here is a list of some of the most noteworthy medical starter companies that already show some promise. Some of these have already made a lot of progress in their short operational time.

Headway

Founded – 2019

Location – New York

Headway strives to make mental healthcare more accessible to the public. Their platform is designed to connect patients to a network of therapists who accept insurance or work with medical insurance providers. The platform helps connect patients with affordable therapists so they can get the help they need more affordably.

Pearl Health

Founded – 2020

Location – Fully remote

Pearl Health uses advanced data-driven software to help primary care physicians run their practices a lot more efficiently, increase revenue, and reduce costs. With this software, you can quickly identify patients that likely require your assistance and you can easily get a risk forecast on each patient in your database.

Cohere Health

Founded – 2019

Location – Fully Remote

Cohere Health uses a lot of advanced technology such as AI and machine learning to help healthcare facilities overcome a number of challenges. The AI software automates and streamlines the authorization processes, improves patient and population outcomes, and makes it possible for you to view analytics that can help improve management performance.

Tebra

Founded – 2022

Location – California

Tebra was only launched in 2022. You might be worried about the success rate of such a young company, but it turns out that it’s very likely for Tebra to ‌continue doing well.

Tebra is a combination of two healthcare companies. Kareo, one part of the company, is a cloud-based clinical and financial software that makes it a little bit easier for healthcare facilities to run and keep track of the financial aspects of the company. PatientPop, on the other hand, is designed to help medical professionals manage the health journey of their patients.

Garner Health

Founded – 2019

Location – Fully remote

Garner Health is an app that patients can use to locate medical professionals. End users can even check out the patient reviews to get a better understanding of the type of patient care these medical professionals offer. This app also helps patients save on the cost of medical treatments and it offers other benefits such as coverage for out-of-pocket medical expenses.

Path

Founded – 2019

Location – Fully Remote

Path makes it much easier for patients to get the needed medical intervention for mental health conditions. The company is designed to connect patients with a network of mental health professionals.

Therapists or psychiatrists who offer their services more affordable or who work through medical insurance companies are more accessible with this platform. With this company, you can easily locate a suitable mental health provider close to you that offers budget-friendly rates or that will accept your medical insurance.

Novoic

Founded – 2019

Location – England

Novoic uses AI-driven technology to search for patterns that can help detect neurological diseases in patients like Alzheimer’s disease or Parkinson’s disease. With this software, patients can get a much earlier diagnosis for these conditions and they can start on preventative treatment plans that can help them live a better life for much longer.

Paige

Founded – 2018

Location – New York

Paige is another revolutionary company that uses AI technology that can help detect and fight the growth of cancer. The technology provides medical workers with the information they need for more accurate diagnoses and helps identify cancer treatments that are likely to offer positive patient outcomes.

Tomorrow Health

Founded – 2018

Location – New York

Tomorrow Health is a healthcare company that helps locate patients and supplies them with in-house medical equipment. This helps them stay at home despite suffering from chronic conditions. The company makes it much easier for patients to find the necessary equipment and supplies and aims to enhance their quality of life by allowing them to enjoy personalized care at home.

Insitro

Founded – 2018

Location – San Francisco

Insitro is striving to revolutionize how medication or drugs are developed. This company leverages advanced AI/ML technology to study gene editing, genetics, genomics, and molecular designs in the human anatomy. With this research, it’s possible to create medication that is more likely to successfully treat patients.

This drug discovery software can enable pharmaceutical companies to create more effective treatments and reduce the time, cost, and effort required for formulating new medications.

Brightline

Founded – 2019

Location – Palo Alto, CA

Brightline operates in partnership with Peer Health Exchange. This is a behavioral telehealth platform that assists families, teenagers, and children. With this platform, families can learn more about the different mental health conditions and the risks associated with them, or they can enjoy coaching sessions with professionals who can guide them through the tough stages in their lives.

Vori Health

Founded – 2020

Location – Nashville, TN

Vori Health has been labeled as one of the top innovative startups. This company focuses on finding better approaches and solutions for people who suffer from sports injuries, orthopedic conditions, arthritis, back pain, and other types of painful conditions associated with joints and muscles.

With the help of Vori, you can get a much more accurate diagnosis for your condition and find a treatment plan that is more likely to offer a faster recovery rate. This startup also aims to help patients avoid painful surgery for conditions that could be treated more naturally.

Circulo Health

Founded – 2020

Location – Columbus OH

Circulo Health is a medical insurance platform that assists underprivileged individuals in the US by providing them with tech-enabled care. Ciculo Health might be very young, but it already secured over $50 million in funding and it currently also owns Huddle Health.

This medical insurance model is built on the same basic model as Huddle Health and follows the same human-first care approach to support those who are in need.

Lyfegen

Founded – 2018

Location – Switzerland

Lyfegen is a type of FinTech startup that helps hospitals, health insurance agencies, medical app creators, pharmaceutical companies, and medical professionals with the financial aspect of their businesses.

With this company, you can easily find out what the going rate is for medical services or pharmaceutical products so you can create your own competitive rates. The platform is also designed to help manage other financial tasks such as drug rebate administration and much more. With this company, medical industries can save a lot of time and they can easily create a more competitive pricing strategy.

Akasa

Founded – 2018

Location – San Francisca, California

Akasa is a good example of a startup that didn’t just make a huge success but‌ exploded regarding growth status. This company has an astronomical 690% growth rate over the past five years and they have already secured over $85 million in funding.

This successful company uses AI software to automate some of the complicated tasks that most medical companies have to deal with daily. Their software is designed to automate and ease various functions such as insurance claims, and the software can even be used to increase revenue and enhance the patient experience.

Neurogene

Founded – 2018

Location – New York

Neorogene is a type of program that is designed to help identify and locate treatment options for rare neurological diseases for which there are often few or no treatment plans at all. This startup also supports the development of genetic medication for these types of rare conditions.

What’s even more impressive is the platform’s ability to connect patients with clinical programs and resources, such as a clinical trial process. With this, patients can get treatment for something that very few can help with.

Fastic 

Founded – 2019

Location – Germany

Fastic is an intermittent fasting app that anyone can download and install. This app teaches users more about this popular diet and lifestyle method and makes it easier for them to keep track of nutrition, sleep, and movement. This company is pretty young, but it already peeked with a 459% growth rate since its startup and generates over 26 million daily users.

Hibercell

Founded – 2019

Location – New York

Hibercell is another startup that has burst out of its seams. After only launching in 2019, this company has already grown by 3900% and they are already backed up with $258.2 million in funding.

This company is successful because it uses biotechnology to create cancer treatments for patients. As you can guess, their main focus is on treating cancer relapse and metastasis. They consider relapse in cancer conditions like breast cancer, bladder cancer, and gastric cancer.

Found

Founded – 2019

Location – San Francisco

Found is a company that makes it much easier to lose weight. This program is evidence-based and backed by science. Knowing this, it will be more likely to achieve your weight loss goals through these programs.

The program is different from your average weight loss app or solution because it allows users to speak directly with medical providers who can prescribe weight loss medication or offer advice on the right eating and exercise habits to follow. With a five-year growth rate of 518% and over $132 million in funding, this startup is already highly successful.

Grow Therapy

Founded – 2020

Location – New York

Grow Therapy is a company that supports independent therapists. It offers numerous services such as automation for insurance claims, and community support. This platform also makes it much easier for patients to get proper mental health services. You can even use the platform to instantly book therapy sessions through their online portal.

Bicycle Health

Founded – 2017

Location – California

Bicycle Health is a telehealth addiction clinic that helps patients who struggle with opioid dependence or substance use disorders. With this platform, patients can find support from clinical specialists and they can even arrange appointments or obtain prescriptions for suboxone.

Unlike many other startups for opioid dependence, Bicycle Health became pretty successful. The health system currently has $87.3 million in funding. Most of the patients who use their programs gave positive feedback and reported no withdrawal symptoms after completing a 7-day program.

Waltz Health

Founded – 2021

Location – Illinois

Waltz Health is a type of pharmaceutical service industry that aims to provide consumers with the needed prescription drugs at a much more affordable price. This company uses AI software and other advanced technological systems to help consumers find the best prescription medications at the lowest possible rates.

The company also assists with other challenging tasks and makes it much easier for the average consumer to get the medications they need.

DearDoc

Founded – 2018

Location – New York

DearDoc is a company that specializes in web development and healthcare technology. They serve small to medium private practices and startups with services like web design, social media management, and other digital aspects associated with your online presence.

This advanced design firm leverages advanced systems such as AI chat, google integration, autodialer, online forms, and much more. Their goal is to create websites that are bound to generate a lot more patient bookings.

Conclusion

Healthcare startups are very important in our growing economy and in a world that keeps advancing in technology. These industries are slowly paving the way for better physical and mental health solutions that will transform the way we go about healthcare.

It’s a good idea to keep an eye on the latest and best healthcare companies. Keep supporting promising companies by investing in the ones that prove to be very lucrative.

We hope that our guide has helped identify some good healthcare companies to join or find new companies to invest in. If you want to learn more about other startup companies then we welcome you to have a look at some of the other guides we have onCC Startups. With our articles, you can find information on all the latest startup companies to take note of.