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FitBit created its own category and still dominates the market for trackers, even though it has hundreds of huge and small competitors. Started in 2007 (like Health 2.0!), by 2015 FitBit had IPO’ed, was very profitable, and had $712M in revenue. But it is not just a toy. More than 100 studies listed on the federal government’s trial-tracking website feature the use of Fitbits, including those in topics like sleep, transplants, epilepsy, and falls. CEO James Park recently hired well known digital health veteran and many time Health 2.0 presenter, Adam Pellegrini from walgreens to further integrate Fitbit into the clinical arena.
Relative newcomers, originally based in Vancouver, Shift Health’s platform, TickiT, allows patients to report their issues to doctors who can then “shift” through the information and focus on key issues during the visit. The company’s clients include Toronto’s Hospital for Sick Children, BC Children’s, Boston Children’s, and the San Francisco Department of Public Health.
Originally GetWellNetwork provided interactive TV in patient rooms but it's moved a long way towards integrating with hospital EMR systems and being on multiple other platforms. It was acquired by private equity firm, Welsh Carson in 2013, and expanded its client base to well known providers including Dignity, Kaiser, Sharp, and Texas Children’s. In 2015, it acquired competitor, Skylight Healthcare Systems. Now there are 50 million patient interactions a year on its system.
From humble beginnings, including we hear being lectured on how employers bought health care by Amanda Golz, CEO Sean Duffy has built a rocketship of a healthtech company. The focus is using community coaching and peer support to prevent the onset of diabetes using federal guidelines. Investors and customers include Costco, Kaiser, and more. It has raised over $75 million and is now expanding into providing its tools to the Medicare and Medicaid populations.
Okay so we’ve seen the commercials and all know Watson won Jeopardy and can read a lot of books. But IBM Watson Health has built on its cognitive computing platform and made several major acquisitions including Health 2.0 favorites like care management company Phytel, data analytics stars Explorys, and radiology imaging company Merge. More recently, it added old world health data vendor, Truven and has forged numerous partnerships with hospitals, plans, and drug companies.
BEFORE THERE WAS A HEALTH 2.0, BEFORE ANYONE HAD HEARD OF THE CLOUD, JONATHAN BUSH AND TODD PARK HAD ALREADY FOUNDED THE FIRST AND STILL ONE OF THE LARGEST HEALTH CLOUD COMPUTING COMPANIES. THROUGH ITS NETWORK, ATHENAHEALTH CONNECTS MORE THAN 80,000 PROVIDERS AND HEALTH SYSTEMS NATIONWIDE TO HELP PROVIDERS GET PAID, DOCUMENT CLINICAL ENCOUNTERS, COORDINATE CARE, ENGAGE PATIENTS, AND MANAGE POPULATION HEALTH. MORE RECENTLY THROUGH ITS MORE DISRUPTION PLEASE PROGRAM, FELLOW ENTREPRENEURS CAN SEAMLESSLY INTEGRATE INNOVATIVE SOLUTIONS ONTO ATHENA’S NETWORK VIA ITS OPEN PLATFORM AND APIs.
Starting with high profile "spitting parties" and bankrolled by CEO Anne Wojcicki’s then husband, Sergey Brin, 23andMe basically created the at-home genetic testing market. Trouble soon followed, first with NY state banning direct consumer purchase of the service, and worse, the FDA cracking down aggressively on 23andMe’s results' interpretation. But all the while, Wojcicki was able to keep raising capital ($115M so far), while competitors like Navigenics vanished. Now, the end game is clear with contracts for drug research studies with Genentech, Pfizer, and others monetizing the more than one million people in 23andMe’s data set.
LumiraDx has its 20+ year old roots in the HIE company, Wellogic, but now it’s focusing on providing everything from data integration for clinicians to in home monitoring and lab testing tools for patients. CEO Sumit Nagpal was named one of Modern Healthcare’s Top 25 Minority Executives in 2016 and the company now has expanded outside of the U.S. with a national contract to manage high risk populations in the U.K. Mainland Europe is next
THE MOST FAMOUS BRAND IN ONLINE HEALTH AND ABOUT THE ONLY SURVIVOR OF THE EHEALTH BUST IN THE EARLY 2000'S, WEBMD IS STILL A HUGE ONLINE PRESENCE. ITS SERVICES RANGE FROM PUBLISHING CONTENT REGARDING HEALTH AND HEALTH CARE TOPICS, PHARMACY INFORMATION, DRUG INFORMATION, PHYSICIAN BLOGS WITH SPECIFIC TOPICS, AND PROVIDING A PLACE TO STORE PERSONAL MEDICAL INFORMATION. IT ALSO INVESTED IN WEARABLE DATA, SHOWING AN APP AT HEALTH 2.0 IN 2013 THAT NOT ONLY COLLECTS DATA BUT ALSO FILTERS USER SPECIFIC CONTENT FOR THE user's NEEDS.
Another veteran of the first Health 2.0 Conference, PatientsLikeMe was born from the Ben and Jamie Heywood’s determination to help their brother Stephen as he suffered from Lou Gehrig’s disease. Fast forward 10 years, PatientsLikeMe is an online health community in which several hundred thousand patients record and monitor their conditions, treatments and symptoms in extreme detail, and share the results with each other. PatientsLikeMe aggregates, anonymizes, and sells this information to third parties for advances in research and medicine.
The biggest publicly traded EMR vendor may be a traditional client server technology organization, but has aggressively moved into areas such as employer health--even opening its own clinics-- and Cloud based population health services. While the core business has been absorbing the purchase of siemens health tech business and dealing with its victory in the DOD EMR sweepstakes, Cerner signaled its future intentions with the purchase of Cloud vendor PureWellness and the roll out of its population management tool HealtheIntent.
Having narrowly survived the dotcom bust, Glen Tullman and Lee Shapiro steered Allscripts through a massive expansion by acquisition in the 2000s, culminating with the merger with Eclipsys in 2010. While Tullman and Shapiro have moved on to Livongo, Allscripts remains one of the few publicly traded EMR vendors, and among its peers has been by the far the most aggressive at opening its APIs and looking for partnerships with smaller tech companies. In fact, one of the largest developer challenges Health 2.0 has ever run, helped Allscripts do just that.
Stroll Health is an alumni of UC Berkeley’s incubator SkyDeck. It created an application that provides patients with location options and cost-of-treatment comparisons, mostly starting with imaging services. At the beginning of the year, Stroll received a six figure grant from the RWJF to expand its services to health care pricing markets.
Known as Instagram for doctors, Figure 1 is a photo sharing app which went viral with medical students and doctors when it launched in 2013. It enables users to take an image, remove any identifying information, and upload the image for feedback from the community of healthcare users accessing the app, very useful for doctors seeking a second opinion, and for medical education.
Founded in 2010 (when it launched at Health 2.0) as an interactive social Q&A site designed to simplify the search for quality health care information, Sharecare has since morphed to become a complete service consumer-facing health tech company. Founded by WebMD originator Jeff Arnold with backing from Oprah & Dr. Oz, it has acquired nearly a dozen companies while being backed by hospital giants HCA and Trinity. Latest news-- Sharecare is working on new tools for plans with Florida Blues company GuideWell and recently acquired the disease management business of Healthways.
Already located in nearly 10,000 retail stores across the US, Higi kiosks track weight, body mass index (BMI), pulse, and blood pressure. Additionally, the company offers an app and online portal that syncs with more than 50 health and fitness apps. Higi raised $40M at the start of 2016.
Backed by CVS, San Francisco-based myHealthTeams is a social network for communities and individuals dealing with chronic conditions. Starting with autism, it now addresses several autoimmune diseases and terminal illnesses. CEO Eric Peacock plans to expand myHealthTeams to support even more patients, expanding its reach to neurological conditions, mental health issues and also severe allergic conditions
When you use the trendy term data science, Ayasdi fits the bill for health care exactly. Developed by Stanford computational mathematicians, Ayasdi uses machine learning to extract insight from very complex data sets. At last year’s Health 2.0 Fall Conference, data scientist Jennifer Gamble showed a massively complex analysis of knee surgeries at a midwestern hospital system, which revealed that changing when a drug was administered radically improved outcomes and saved money.
Another new kid on the block, CloudMedx went through Y-combinator just last year. They’ve built a NLP engine that reads hidden data and helps determine patient risks. To make its platform even more powerful, in April 2016 CloudMedx raised $6.6M and acquired the machine learning and neuroscience gurus from Gyrus. Now they are working with NYU, Sutter, and Mt. Sinai to take the product to scale.
Inspire is another Health 2.0 Veteran led by CEO Brian Loew. Its strategy is to provide community sites for free to dozens of big and small patient associations--it makes money by helping recruit members to clinical research studies. With more than 750,000 members in 190 communities. a decade later, Inspire has proved its value to millions.
Healthline has a long history going back to the dotcom boom starting with YourDoctor.com morphing into intermap systems and reemerging as Healthline at the dawn of Health 2.0 back in 2006. Under longtime leaders, West Shell and Dean Stephens, Healthline became an enterprise level content and search tool for many big media companies. But a few years ago it started growing its own web presence through healthline.com. The growth of the consumer website led to the splitting of the company withSummit Partners buying the consumer side Healthline Media and spinning off the tech side into Talix.
Founded by self described Seattle hillbilly Lisa Maki while trying to find a solution for her bad back, PokitDok first developed a consumer health and wellness marketplace for services. But that was just a ruse. The real business was to create and open up APIs that allow all the actors in health care to do business with each other and access things like billing, scheduling, and payments. Five years on, they’ve raised over $40M in funding and are entrenched in many payer and provider organizations. Up next, block chain for health care.
Started in 2011, as a way for patients to get a second opinion on serious medical issues, after co-founder Rusty Hofmann’s own son faced an emergency condition, Grand Rounds started out providing second opinions from experts. now based on exhaustive ranking data, it pairs patients with the most effective and appropriate physician nearby, and even consults with patients in the hospital facing imminent and serious clinical decisions. All of this results in better care and lower costs. Silicon Valley agrees, and grand rounds has RAISED over $105m, and is working not only with many employers but has also licensed it tools to several major provider systems
Ayogo has taken social gaming in health to another level--developing mobile applications for the world’s leading pharmaceutical and healthcare organizations that try to improve patient engagement through gamification and social networking. It’s also noticeable that CEO Michael Fergusson has by far the most interesting haircut in the Health 2.0 community.
The world’s biggest CRM company and Cloud company pioneer, Salesforce has moved into health care very aggressively. Its tools are behind the CareWeb system at UCSF and recent alliances with Philips have made it a major player in care collaboration platforms.
A spinoff from Health 2.0 veterans Healthline, Talix uses a complex medical ontology to read natural language in medical records and suggest improvements for care programs. Longtime Healthline CEO, Dean Stephens is now in charge of the new company working with provider organizations and EMR vendors.
Medtep was founded in Barcelona in 2011 and launched in the U.S. at Health 2.0’s Traction in 2015. Jacob Suñol, one of its co-founders, developed the first version of the software to help his doctor father to create a continuous feedback loop for patients. Now integrated with wearables, users can manually or automatically submit relevant information to their doctors. Forbes included co-founder Pablo Pantaleoni in its 30 under 30 healthcare category-- making him one of the two Spaniards on the list
The South Korean multinational electronics company made a big splash in 2014 with the introduction of the Simband watch strap and the SAMI data utility layer. They also started their partnership with UCSF to accelerate commercialization of sensors and other digital health technologies. While progress to market these products has been slower than expected, the S health platform on its ubiquitous cellphones and Gear watch makes Samsung one of the big players in health tracking.
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