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Tracxn – Healthcare Newsletter # 45 – Healthcare Analytics

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A daily newsletter summarizing recent activity & interesting startups globally

RECENT NOTABLE ACTIVITY – HEALTHCARE ANALYTICS

  • Viewics, a provider of business intelligence and analytics solutions to enhance operational, financial and clinical outcomes, secured $10.5M Series B funding. Link
  • WiserCare, a provider of web-based decision support system for patients and doctors, raised $2.66M funding. Link
  • Sequence Bio, a data-driven precision medicine company, secured $3M Seed financing led by Data Collective (DCVC). Link
  • CareSkore, a provider of web-based predictive analytics platform for hospitals to manage patient populations, raised $4.3M funding. Link
  • N-of-One, a provider of precision medicine oncology decision support tools, received $7m in Series B funding. Link
  • Informatics In Context, a cloud-based clinical analytics company that automates and streamlines the patient prior authorization process, received $266K debt financing. Link
  • Wellcentive, a provider of population health management and data analytic solutions is acquired by Royal Philips. Link

SOME INTERESTING STARTUPS FOUND

Passify (2016, Atlanta) – Provides data-driven healthcare, research and communication solutions for physicians, patients and researchers.
Dateva (2016, Toronto) – Offers health data integration platform to provide health insights to individuals and healthcare organisations.

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
Proteus Digital Health (2001, Redwood City, $404M) – Medication adherence platform using sensor-enabled pills, biometric sensor patch and data analytics. Backed by Novartis, Medtronic, Oracle, KP Ventures.
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, $227M) – Non-invasive decision support tool for diagnosing blood flow blockages in the heart. Backed by Capricorn Investment Group and more.
Welltok (2009, Denver, $151.5M) – PaaS based analytics platform for health optimization and population health management. Backed by Qualcomm Ventures, EMCAP partners, Interwest Partners, Bessemar Venture Capital.

Financial Analytics
MediGain (2002, Plano, $46M) – Analytics tools for revenue cycle management, billing and reimbursement. Backed by Prudential Capital Partners.
Apixio (2009, San Mateo, $42M) – Cognitive computing platform for risk adjustment coding. Backed by SSM Partners, First Analysis and Bain Capital Ventures.
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.
LaunchPoint (2008, Rolling Meadows, $26M) – Cloud-based healthcare analytics platform for payment integrity solutions. Backed by Carrick Capital Partners.

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.
OnShift (2008, Cleveland, $30M) – SaaS based staff scheduling software that predicts and prevents overtime and under-staffing. Backed by Health Velocity Capital, HLM Venture Partners, Draper Triangle, West Capital Advisors and more.
PatientPop (2014, Santa Monica, $24M) – End-to-end marketing platform that uses analytics for performance measurement. Backed by Toba Capital, Athena Health and Silicon Valley Bank.
Binary Fountain (2003, Mclean, $22M) – Cloud-based platform for analyzing patient feedback from social media, surveys and online sites. Backed by HLM Venture Partners, Pioneer Venture Partners and Providence Health & Services.

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.


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