A daily newsletter summarizing recent activity & interesting startups globally
RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS
- Pieces Tech, a population health technology company offering a platform to identify and prevent adverse events, raised a $21.6M Series A funding round led by Pacific Advantage Capital and Jump Capital. Link
- Arterys, a medical imaging company that offers a machine learning based diagnostic software, added an additional $5M in a round led by Emergent Medical Partners to bring Series A raise to $12M. Link
- NarrativeDx, a company offering a cloud-based patient experience management platform using Natural Language Processing, raised $1.1M from Dreamit Health and Live Oak Venture Partners. Link
- StartUp Health, a health entrepreneurship development company, announces that Healthcare Analytics is the highest funded sector under Digital Health for Q1 2016. Link
SOME INTERESTING STARTUPS FOUND
Able Health (2015, SF) – Offers a cloud-based pay-for-performance and risk adjustment platform that uses analytics to improve quality and automate reports.
HealthReveal (2015, NYC) – Offers a cloud-based solution that uses advanced analytics and bio-monitoring to detect and preempt the advance of chronic diseases.
LEADER BOARD – HEALTHCARE ANALYTICS
Suite Solutions
Inovalon (1998, Bowie, IPO) – Cloud-based analytics platform for clinical, financial and quality insights. Went public in 2015.
Evolent Health (2011, Arlington, IPO) – An integrated platform for population health, financial and operational analytics. Went public in 2015.
Flatiron Health (2012, NYC, $314M) – Cloud-based Cancer care platform for clinical, financial and operational intelligence. Backed by Google Ventures, Roche, First Round Capital, Social Capital, SV Angels and more.
Health Catalyst (2008, Salt Lake City, $237M) – A suite of health analytics and data management solutions to help identify care gaps and support process improvement. Backed by Sequoia Capital, Norwest Venture Partners, Sands Capital Ventures, Sorenson Capital and more.
Clinical Analytics
Privia Health (2007, Arlington, $419M) – Cloud-based platform offering population healthmanagement and value-based care solutions. Backed by Goldman Sachs and Health Enterprise Partners.
Imaging Advantage (2007, Santa Monica, $295M) – Cloud-based clinical decision support tool for radiologists. Backed by Goldman Sachs, Brightwood Capital Advisors and CRG.
Heart Flow (2007, Redwood City, $163M) – Non-invasive decision support tool for diagnosing blood flow blockages in the heart. Backed by Capricorn Investment Group and more.
Lumeris (2001, Maryland Heights, $141M) – Population health management solutions forhealthcare organizations to facilitate transition to a value-based care model. Subsidiary of Essence Group Holdings Corporation. Backed by BlueCross BlueShield Venture Partners, Camden Partners, Kleiner Perkins Caufield & Byers and Sandbox industries.
Financial Analytics
MediGain (2002, Plano, $40M) – Analytics tools for revenue cycle management, billing and reimbursement. Backed by Prudential Capital Partners.
Truveris (2009, NYC, $27M) – SaaS-based platform for prescription claims analytics and pharmacy data validation. Backed by New Leaf Venture Partners,Tribeca Venture Partners, First Round, New Atlantic Ventures and more.
Aver (2010, Columbus, $24M) – Analytics platform for bundled payment solutions. Backed by GE Ventures, Cardinal Health, Heritage Group, Drive Capital and more.
Recondo (2006, Greenwood Village, $20M) – Cloud-based tool for electronic claims management and revenue cycle forecasting. Backed by Bregal Sagemount.
Operational Analytics
eVariant (2008, Farmington, $68.5M) – CRM analytics platform for digital marketing and patient engagement. Backed by Goldman Sachs, Lightspeed Venture Partners, Health Enterprise Partners, Dignity Health and Salesforce Ventures.
Kyruus (2010, Boston, $56M) – Referral management solutions using analytics and data mining. Backed by Venrock, Mckesson Ventures, New Leaf Venture Partners, Highland Capital Partners and more.
Aptus Health (2008, Massachusetts, $17M, Acq.) – Digital marketing for healthcare and life science companies. Backed by Merck Global Health Innovation. Acquired by Merck in 2013.
Health Market Science (1999, King of Prussia, $16M, Acq.) – Big data analytics to helphealthcare organizations reduce operational costs and maximize market opportunities. Acquired by LexisNexis in 2015. Backed by Edison Partners and Cross Atlantic Capital Partners.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest updates, visit the Healthcare Analytics feed.