60 Best Startups in the Digital Health Sector 2023
Best Startups in the Digital Health Sector 2023
Digital health is one of the most rapidly growing and exciting sectors in the tech industry. Healthcare is moving away from traditional, paper-based systems and towards digital solutions that are more efficient, effective, and convenient.
There are a wide variety of digital health startups working on innovative solutions to some of the most pressing healthcare challenges. These startups are developing everything from new ways to track and manage health data to telemedicine solutions that make it easier to access care.
Digital health startups are changing how we think about and manage our health. Here are some of the most exciting and promising startups in the digital health space that are worth watching in 2023.
Startups to Watch in the Digital Health Sector in 2023
As the healthcare industry digitalizes at an unprecedented rate, there are a growing number of startups vying to provide the products and services that will make healthcare more efficient, effective, and accessible. Here are some of the most promising digital health startups to watch in 2023.
Digital health technology has the potential to transform healthcare by making it more patient-centered, data-driven, and cost-effective. One company that is leading the way in developing digital health solutions is ZocDoc, which offers an online platform that helps patients book appointments with doctors and dentists. ZocDoc’s platform is convenient and easy to use, and it helps patients save time and money by allowing them to compare prices and reviews of providers in their area.
Another company that is making waves in the digital health space is 2Morrow, which has developed a mobile app that helps people manage their mental health. The app provides users with personalized recommendations for mental health resources, and it allows them to track their progress and see how their mental health is improving over time. 2Morrow’s app is unique in that it uses machine learning to adapt to the user’s individual needs, making it an invaluable tool for anyone looking to improve their mental health.
Redox is another digital health startup that is changing the way healthcare is delivered. Redox’s platform enables developers to build applications that can securely exchange data with electronic health records (EHRs). This means that patient data can be seamlessly shared between different healthcare providers, leading to better coordination of care and improved patient outcomes. Redox’s platform is being used by some of the largest healthcare organizations in the world, and it is quickly becoming the standard for data exchange in healthcare.
Finally, no discussion of digital health startups would be complete without mentioning Grammarly, which has developed an AI-powered writing assistant that can improve the clarity and correctness of your writing. Grammarly’s app is designed for both medical professionals and patients, and it can help to improve communication between doctors and patients, as well as the overall quality of medical documentation.
These are just a few of the many digital health startups that are worth watching in 2023. These companies are leading the way in developing innovative solutions that are making healthcare more efficient, effective, and accessible.
SonderMind
5-year increase in searches: 9800%
The growth of searches is exponential.
founded in 2014
Colorado's Denver is the place.
Spending: $183M (Series C)
What they do: Through technology, SonderMind connects people with therapists who can best satisfy their unique mental health requirements. Quick matching, scheduling coordination for individuals, administrative capabilities to support therapists in providing care, and patient engagement are all features of their platform. Sean Boyd and Mark Frank, the company's co-founders, founded SonderMind after having firsthand experience with both the patient and therapist sides of a deficient mental healthcare system.
CareRev
5-year increase in searches: 2000%
Growth status of searches: regular
founded in 2015
Los Angeles, California
Financed at $51.3M (Series A)
What they do: CareRev is an online marketplace that links medical professionals and healthcare institutions. By giving employees the opportunity to select and set their own hours, the solution enables businesses to cut labor expenditures. With more than 30 hospitals and health systems, 500 outpatient facilities, and 11,000 healthcare professionals, the organization generates up to $100 million in revenue annually.
Clipboard Health
5-year increase in searches: 6200%
Growth status of searches: Regular
founded in 2016
Location: California, San Francisco
Finances: $94.1M (Series C)
What they do: Based in the US, Clipboard Health is a healthcare staffing platform that links hospitals with trained medical personnel including nurses, CNAs, and other allied healthcare workers. The business also offers tools for staff management and communication while using a proprietary algorithm to match healthcare professionals with work opportunities that meet their interests and talents. By offering healthcare facilities a more effective and transparent staffing alternative, Clipboard Health seeks to raise the standard of care.
Meru Health
The 5-year rise in searches: 80%
The growth of searches is exponential.
founded in 2016
San Mateo, California is the location.
Financed at $53.3M (Grant)
What they do: Meru Health is a healthcare organization that specializes in giving people access to online programs that are backed by individual treatment and support groups. The business introduced a biofeedback gadget in 2019 to teach users how to regulate their breathing. Slack's most recent Series A funding round in 2020 included investments from Y Combinator, Slack, and other parties totaling $8.1M.
Komodo Health
The 5-year rise in searches: 283%
The growth of searches is exponential.
founded in 2014
Location: California, San Francisco
$514M in funding (Series Unknown)
What they do: Komodo Health tracks millions of patients' healthcare travels using its "Healthcare Map" and related technology with the main goal of enhancing the standard and efficacy of care throughout the medical ecosystem. Early in 2021, the technology corporation purchased Mavens, a cloud computing company, to expand the capabilities of its software platform.
Embleema
The 5-year rise in searches: -100%
Growth status of searches: Peaked
Founded in 2017
the city of New York, New York
Financed at $3.7M (Non-Equity Assistance)
What they do: Embleema's secure network provides patients authority over their own medical information, allowing them to share access with medical professionals and researchers and, if they so want, get compensated in cryptocurrencies for it. Pharmacist Group, a provider of healthcare Technology, acquired 15% of the blockchain firm in 2019 with the intention of enhancing healthcare choices for their European clientele.
Headspace
5-year growth in searches: -16%
Growth status of searches: Peaked
founded in 2010
Santa Monica, California is the location.
Financed at $215.9M (Secondary Market)
What they do: Headspace is a meditation and wellness app that offers users resources for bettering their sleep, guided meditations, and more. In 2010, the business was created by Andy Puddicombe, a former monk, and Richard Pierson, a former advertising executive. The company has received approximately $200M in financing since its founding, and researchers have used it as a resource in numerous clinical trials.
Nference
5-year increase in searches: 433%
The growth of searches is exponential.
Founded in 2013
Cambridge, Massachusetts is the location.
Finances: $152.7M (Non-Equity Assistance)
What they do: Using their software, nference wants to assist medical practitioners in gaining insights from the massive amounts of biomedical knowledge already in existence. "To improve patient outcomes by uncovering insights in biomedical data while respecting individual patient privacy," says nference CEO and co-founder Murali Aravamudan. A number of businesses, notably Mayo Clinic Ventures, the investment arm of the Mayo Clinic, who collaborated with nference on their Clinical Data Analytics Platform, have invested in this company, which is based in the biotechnology hotspot of Cambridge.
Aunt Bertha
The 5-year rise in searches: 75%
Growth status of searches: Regular
founded in 2010
Austin, Texas is the place.
Financed at $49.3M (Series D)
What they do: Aunt Bertha is a software platform that assists in connecting individuals with social service options that are appropriate for their particular needs. Since its founding in 2010, the company's network has assisted more than 4M customers and now offers more than 1,000 social service alternatives in every county in the United States.
Erin Gray, the company's founder, saw his mother struggle to obtain care after a brain-damaging incidence of encephalitis as a young boy. Erin Gray holds a Master's degree in Public Affairs and has worked as a developer and city project manager.
Paige.Ai
The 5-year rise in searches: 0%
Growth status of searches: Peaked
Established in 2018
the city of New York, New York
: $220 million (Series C)
What they do: Paige uses AI technology to counter the rise in cancer diagnoses and the corresponding decline in the number of qualified pathologists. Their AI technology aids life sciences companies in developing more effective treatments and helps medical professionals by giving them the information they need to accurately diagnose cancer cases. Professionals from Yale University School of Medicine, the Memorial Sloan Kettering Cancer Center, and other organizations make up their boards.
Beddr
The 5-year rise in searches: 0%
Growth status of searches: Peaked
founded in 2016
Mountain View, California is the location.
Financed at $5.6M (Series A)
What they do: Beddr is a sleep health startup that uses the Sleep Tuner, a wearable medical device, together with coaching, sleep exams, and other methods, to help people understand and manage their sleep disorders. The business has won numerous awards, including the "Sleep Monitoring Solution of the Year" title from the 2020 IoT Breakthrough Awards. With contributions from Three Leaf Ventures (the main investor), Delta Dental Washington Seed Fund, and others, the business closed a Series A funding round this year.
Tomorrow Health
The 5-year rise in searches: 239%
The growth of searches is exponential.
Established in 2018
New York, New York is the location.
Investment: $92.5M (Series B)
What they do: The New York-based healthcare startup Future Health offers patients with chronic diseases individualized in-home medical supplies and equipment. The business collaborates with medical professionals and insurance firms to streamline the acquisition and administration of patients' essential medical equipment and supplies. Future Health offers high-quality, individualized care in the patient's home with the goal of enhancing patient outcomes and quality of life.
Breathe99
The 5-year rise in searches: 0%
Growth status of searches: Peaked
Established in 2018
Minneapolis, Minnesota is the location.
Finance: Not disclosed (Non-equity Assistance)
What they do: The B2 Mask, a stylish, simple-to-wear respirator mask, is produced by Breathe99. The business, whose mask may shield its user from allergens, pollution, and more, has so far only raised money through Kickstarter and philanthropic loans but is aiming for FDA approval. Breathe99 had nearly raised $500,000 on Kickstarter as of this writing.
ConnectRN
The 5-year rise in searches: 1933%
The growth of searches is exponential.
founded in 2014
Waltham, Massachusetts is the location.
Financed at $160.5M (Debt Financing)
What they do: The healthcare technology firm Connect offers a platform that links nurses with employment opportunities at healthcare facilities around the United States. The software offers capabilities for staff management and communication as well as the ability for nurses to set their own shifts and timetable.
Via connectRN, nurses will have a better working environment and patients will receive better care as we endeavor to increase the effectiveness and transparency of the staffing process.
Included Health
The 5-year rise in searches: 148%
The growth of searches is exponential.
founded in 2011
Location: California, San Francisco
funding of $344M (Series E)
How they act: A digital health startup called Included Health offers counseling and support for mental health to both individuals and businesses. The business provides individualized care, such as therapy sessions, coaching, and resources for mental health and well-being, using a combination of technology and human assistance. In addition to lowering the stigma attached to getting treatment for mental health problems, Inclusive Health seeks to increase access to and affordability of mental healthcare.
We follow the names of the companies
Health 3.0
The Health 3.0 movement is ushering in a new era of digital health, where technology is used to empower patients and improve outcomes. This shift is being driven by the rise of wearable devices, mobile health apps, and telemedicine.
One of the most exciting aspects of Health 3.0 is the way it is empowering patients. Wearable devices and mobile apps are giving people the ability to track their own health data and share it with their doctors. This is leading to a more active role for patients in their own care.
In addition, telemedicine is making it possible for people to get the care they need without having to travel to a doctor’s office. This is especially beneficial for people who live in rural areas or who have chronic illnesses.
The Health 3.0 movement is still in its early stages, but it is already having a positive impact on the healthcare industry. The use of technology is providing patients with more information and empowering them to take a more active role in their own care. In addition, telemedicine is making it possible for people to get the care they need without having to travel to a doctor’s office. This is leading to a more efficient and effective healthcare system.
Population Health Management
Digital health offers a number of advantages for startups compared to other sectors. First, it is a rapidly growing sector with immense potential. The global digital health market is expected to reach $379 billion by 2025, up from $24 billion in 2017. This growth is being driven by the ever-increasing use of digital health technologies by consumers, healthcare providers, and insurers. In addition, digital health is a relatively new sector, which means there are fewer established players and more opportunities for startups to gain a foothold.
Population health management (PHM) is one area of digital health that is particularly well-suited for startups. PHM is a broad category that includes any type of initiative that aims to improve the health of a population. This can include everything from public health campaigns to disease prevention and management programs. Startups that focus on PHM can offer innovative solutions to longstanding problems in healthcare.
There are a number of reasons why PHM is a good fit for startups. First, it is a complex problem that requires a multifaceted approach. This provides startups with an opportunity to come up with novel solutions that can have a real impact. In addition, PHM is an emerging field, which means there is still a lot of room for innovation. Startups that can tap into this potential will be well-positioned for success.
Finally, PHM is a growing area of interest for healthcare providers, insurers, and other key stakeholders. This means there is increasing demand for PHM solutions, making it an attractive market for startups.
Digital health startups that focus on PHM can have a significant impact on population health. By developing innovative solutions to complex problems, these startups can help to improve the health of populations around the world.
Personalized Medicine
Personalized medicine has seen a surge in popularity in recent years, as more and more people are looking for ways to take control of their health. And there's no doubt that the digital health sector is leading the charge when it comes to innovative new startups.
One such startup is Patients Know Best, a UK-based company that provides patients with a secure online platform to manage their health information. Patients can use the platform to book appointments, access test results, and message their care team. Importantly, they can also share their health data with researchers, who can then use it to develop new treatments and therapies.
Another leading player in the space is Color Genomics, which offers direct-to-consumer genetic testing. The company's simple and affordable tests can provide individuals with valuable insights into their health, and can even help them to predict their risk of developing certain diseases.
Then there's Prevail Health, a startup that's using mobile technology to improve patient engagement. Prevail's app helps patients to track their symptoms, medications, and appointments and also provides them with educational resources and support.
Finally, there's Omada Health, a company that's on a mission to prevent and treat chronic diseases. Omada offers an online program that helps people to lose weight, quit smoking, and lower their cholesterol. The program is tailored to each individual and also provides ongoing support from a team of health coaches.
These are just a few of the many incredible startups that are making a difference in the digital health sector. Personalized medicine is revolutionizing the way we think about our health, and these startups are leading the way.
Mobile Health
Digital health is a term for using technology to improve health outcomes. Mobile health, also known as mHealth, is the use of mobile devices and apps to improve health.
While there are many digital health startups, these five are leading the way in mobile health:
- myClinicals: myClinicals is a mobile app that helps patients track their medications, appointments, and symptoms.
- Dose: Dose is a mobile app that allows patients to manage their medications and doses.
- HealthMe: HealthMe is a mobile app that allows patients to track their health, set goals, and find resources.
- CareZone: CareZone is a mobile app that helps patients manage their health information and care team.
- myHealth: myHealth is a mobile app that gives patients access to their health information and allows them to book appointments and message their care team.
Telehealth
The digital health sector is expected to reach $379 billion by 2025, according to a report by Grand View Research. With the rapid advancement of digital technology, the delivery of healthcare services is changing rapidly. Healthcare providers are now able to offer care remotely using telecommunication technologies such as video conferencing, internet phone calls, and email. This has resulted in increased access to care, particularly for patients in rural and underserved areas.
There are many startups that are working to revolutionize the digital health sector. One such company is Grand Rounds, a telehealth startup that offers access to specialists for second opinions and remote care. The company has raised $123 million in funding and is valued at $1.4 billion. Another company, Teladoc, is a provider of telehealth services that offer on-demand access to doctors and mental health professionals. The company has raised $157 million in funding and is valued at $1.6 billion.
Telehealth is expected to grow rapidly in the coming years, with the number of US adults using telehealth services expected to quadruple by 2025. This growth is being driven by the increasing availability of high-speed internet and mobile technology, as well as the increasing number of Americans with health insurance.
Digital Therapeutics
Digital therapeutics is an emerging field of healthcare that uses digital technologies to improve patient outcomes. Data-driven insights can help clinicians tailor treatments to individual needs and help patients manage their conditions more effectively.
Digital therapeutics is still in its early stages, but there are already a few startups making waves in the space. One such company is Omada Health, which offers a digital program to help people with diabetes manage their condition. The program includes a personal coach, online courses, and weekly check-ins.
Another company making a splash in digital therapeutics is 2Morrow, which offers a mobile app to help people with substance use disorders manage their recovery. The app includes features like goal-setting, motivation tracking, and social support.
As digital therapeutics matures, we can expect to see more startups enter the space with innovative solutions to improve patient care.
Digital health is one of the most innovative and fast-growing sectors in the world. These startups are leading the way in developing new technologies and platforms that are transforming how we manage our health and well-being.
