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Top Health Tech Startups in United States
Published
16th Oct, 2023
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The term ‘health tech’ sums up the field - an innovative cross between health and technology. The aim is to provide the best available healthcare to patients using top-notch technologies such as cloud systems, Artificial Intelligence, etc.
The role technology plays in advancing the field of healthcare and medicine is undeniable. With the help of advanced technologies, doctors and healthcare agents can detect the early stages of a disease, advise the best treatment options for their patients, monitor the patient’s condition constantly, and perform many other valuable duties.
The bottom line of using health tech ensures better diagnosis and treatment within the patient community. It also helps reduce medical errors and cut down on unwanted healthcare costs.
In a broad sense, health tech startups use the efficiency of technology to provide services and products to improve the delivery of healthcare and healthcare facilities.
Over the past few years, especially during the Covid 19 global pandemic, health tech has proved valuable, and the field has been expanding substantially. As of 2016, around 52% of hospitals globally started using digital media, health technology, and mobile devices as a part of their healthcare system.
The drawbacks in the healthcare system have persuaded many to take up digital healthcare and subsequently improve patient diagnosis and care. Below are some of the best healthcare startups in the USA that provide their services in various healthcare sectors.
Tempus
Tempus is one of the leading health technology startups in the United States of America, using the efficiency of artificial intelligence to help improve healthcare. It does this by helping physicians make more informed diagnoses and open patients' treatment options.
Tempus strives to provide technology that will help identify diseases earlier, recommend treatment options, and predict the treatments' effectiveness.
Growing health tech startups like Tempus constantly need the expertise of people who have vast and strong knowledge in various skills like full-stack development. For aspiring people who wish to find their career in health technology, attending courses like a full stack developer bootcamp can prove itself invaluable in the industry.
Tempus uses data-driven technology and artificial intelligence to provide healthcare solutions in oncology. Their goal is to help provide personalized treatment options to cancer patients by using data-driven technology to help physicians make informed and effective treatment decisions.
The company was founded in 2015 and is located in Chicago, Illinois. Tempus owns an extensive library of molecular and clinical data based on its crucial service. They also own the operating systems that help them easily access this data and improve the field of healthcare.
Tempus is a company that showed the world the value of the practical application of artificial intelligence in medicine and healthcare. They specialize in genomic sequencing, clinical data structuring, and data monetization.
Among the best in the field, Tempus strives to provide the best health care to cancer patients by giving data-driven technology that helps identify the target area faster and generate personalized treatment plans.
Lyra Health
Lyra Health is a health tech startup committed to providing software solutions that will help diagnose behavioral and emotional issues and identify people who might be prone to substance abuse issues and mental health issues.
Lyra health provides medical assistance to patients who need a diagnosis or help with their mental health issues, from stress to suicidal thoughts. They take care of the whole umbrella of mental health and provide top-notch treatment.
Lyra Health also has employees from various backgrounds and experiences, helping them provide a personalized healthcare system to those who seek their services. Their assistance promises treatments and processes that kickstart healing processes within their patients.
It gives personalized experiences that help clients with mental health management support and therapy options. Such health tech startups require experts in web developers who have taken courses such as a web development course online to design efficient software applications for their clients.
Another aspect that sets Lyra Health apart is the easy access and personalized usability of its services. Companies can access their services to help regulate the mental health of their employees.
Lyra Health’s software will help match patients to the right providers who can offer the best treatment and service options in their hour of need. They provide services that cater to clients’ needs, whether offline or online.
The company has raised 680 million dollars to date and is planning on strategies to expand its global network, with its services being made available in around 180 countries. With its current reach, Lyra provides its services to about 2.2 million people worldwide.
Lyra provides its services for members from all age groups and backgrounds, and they strive to make a genuine difference in each of their members’ lives. The company also boasts 90% customer satisfaction.
Lyra Health assures customer satisfaction with goal-focused treatment and specialized mental health care. The company was formed in 2015 and is located in Burlingame, California.
Hinge Health
Hinge Health has provided digital solutions to people with musculoskeletal disorders that can cause chronic pain in patients. It is a complete digital musculoskeletal clinic for the whole body, and they also provide services from licensed doctors and experts.
Hinge Health takes care of every aspect of musculoskeletal care, including pain treatment, prevention of the disease, and pre/post-surgery care. They provide technical assistance such as wearable motion sensors and nerve stimulation technology.
Their treatments and digital solutions are clinically proven to reduce pain and discomfort, helping patients avoid surgeries and insurmountable healthcare bills. They have provided treatments to thousands of people who have conquered their musculoskeletal disorders, thanks to Hinge Health's Effective digital solutions.
In 2021, the startup announced 400 million dollars series E financing to help improve its services for millions of Americans. It is currently one of the most valuable companies in digital health.
Each individual is provided with personal care, therapy, and even a personal coach to help them achieve progress and handle their MSK disorder. Physical therapy and engaging sessions help clients easily overcome their disorder and pain. The startup was founded in 2015 and is located in San Francisco.
Clover Health
Clover Health provides insurance plans and health plans for senior citizens. They provide insurances that cover all significant necessities like doctor visits, drug coverage, and hospital coverage.
They give affordable plans with more coverage for different health issues, including dental health, vision, hearing, etc. The programs they offer are easy to understand and high in quality. Vivek Garipalli is the co-founder and current CEO of the company.
The company has raised over 925 million dollars and had a series D funding of 130 million dollars in 2017. As of 2019, the company had over 40,000 members from different states of the USA.
They also provide insurance for over-the-counter allowances, and their services are available in most major cities in the United States of America. The company has offices in San Francisco, Nashville, Jersey City, and Hong Kong and provides services globally.
They have all significant services, from in-person office visits to telephone appointments. The startup was formed in 2014 and is located in San Francisco.
Olive
Olive Healthtech is committed to providing artificial intelligence-based platforms that will help generate administrative solutions for the toughest challenges in the field of healthcare.
The founder of Olive and current CEO is Sean Lane. As of 2020, the company has raised approximately 832 million dollars.
They use artificial intelligence to provide automation software to help cut costs and direct more time towards patient care. It helps decrease the administrative burden on human workers and prevents them from working with outdated technologies, thereby increasing workload.
A startup like Olive, specializing in health technology, will require experts who can help develop its services and technologies. Attending courses like full-stack developer bootcamp Knowledgehut can help individuals start their careers and find their space in Health technology.
Using such Artificial Intelligence-based platforms helps reduce risk and unnecessary costs. The company was founded in the year 2012 and is located in Columbus.
Verily
Verily is a startup that provides Artificial Intelligence based solutions for healthcare management and develops technologies that help individuals manage their health.
As of 2020, Verily had brought in an amount of 700 million dollars to help expand the business and improve life sciences programs in surgery, pathology, and immunology. In 2019, Verily brought in 1 billion dollars in funding and about 800 million dollars the year before that.
The company was formed in 2015 and is headquartered in San Francisco. The founder and current CEO of the company is Andrew Conrad. Deepak Ahuja is the Chief Financial Officer and Amy Abernethy is the current President.
Cityblock
Cityblock provides healthcare to communities that belong to the low-income group by giving personalized healthcare via technology-heavy systems and clinics.
The care they provide comes at a reasonable cost without compromising the quality. They collaborate with insurance providers, care practitioners, non-profit organizations, community organizations, etc., to provide affordable health care.
Cityblock provides mental health care, healthcare for medical ailments, and community support to its members. They have branches all over the United States of America, but the main office is in Brooklyn.
Toyin Ajayi, Iyah Romm, and Bay Gross are the company’s co-founders. Toyin Ajayi holds the current CEO position, and Bay Gross owns the chief technical product officer position.
The company was founded in the year 2017. The startup has team members who help their clients, from providing medical care to handling web support and responding them all around the clock.
AlloVir
AlloVir is a company that specializes in Virus-Specific T cell (VST) therapy to help its patients with a lack of T cells to fight viruses. They cater to patients with less or no other treatment options and help them preserve their lives by providing VST therapy to their clients.
The company's current CEO is Diana M Brainard, and the President of the company is Vikas Sinha. The startup was founded in 2013 and had highly innovative therapies to treat viral infections.
They work towards eliminating life-threatening viral infections and diseases. The headquarters is in Waltham, Massachusetts.
Synergy Pharmaceuticals
Synergy Pharmaceuticals generate medical care for gastrointestinal problems with the help of science-based innovations. They are committed to developing drugs that treat gastrointestinal disorders and diseases. The company is based in New York.
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Conclusion
Health tech startups strive to improve superior healthcare delivery to all patients. With their main goal being the best health of their customers, the demand for health tech startups and their services will continue to be on the rise in the future.
Today, health tech startups in the USA provide some of the finest private health facilities. Furthermore, they are cost-efficient and available around the clock.
The top healthcare startups in the USA listed above are also responsible for creating multiple jobs for people from various fields. With the growing demand for first-rate healthcare, this demand is expected to grow, and the promise these healthcare startups bring is reassuring to the public who prioritize their health.
Frequently Asked Questions (FAQs)
1. How many health care startups are there in the USA?
There are about 30,000 to 30,500 health tech startups in the United States of America, and this number is rising every year exponentially.
2. What is a health tech company?
Health tech firms, in general, exploit the efficiency of technology to create services and solutions that improve healthcare delivery and healthcare facilities.
3. What are the top 5 health tech startups in the USA?
The top five health tech startups in the USA are Tempus, Clover health, Olive, Cityblock, and Lyra Health.
4. Which country has the most startups?
Some of the major cities in the United States of America harbor several of the most successful startups globally, and it is no secret that the USA is quite a startup-friendly place.
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