9 Startups Changing Healthcare in 2019
Last month I tackled all 300+ slides in Mary Meeker’s highly-anticipated 2019 Internet Trends report, touching on some of the highlighted startups, including Zocdoc, Oscar, and SolvHealth — all of which are changing some aspect of healthcare, whether it’s how we pay for it (Oscar) or how we get an appointment (Nurx).
Below are all 9 health-related startups mentioned in the report, with the accompanying slide from Internet Trends.
1 - Clover Health
What They Do: Insurance
Clover Health (@cloverhealth), an insuretech company, is a Medicare Advantage provider that aims to lower costs by analyzing its customers’ health and behavioral data by collecting and analyzing health and behavioral data to improve health outcomes.
Business Model
As a Medicare Advantage plan, Clover’s customer is the US government.
Read More
TechCrunch: Alphabet-backed Medicare Advantage startup Clover Health raises $500M (2019)
CNBC: Alphabet-backed Clover Health is cutting tech jobs after realizing it needs more health-care experts (2019)
2 - Collective Medical
What They Do: Patient Coordination
Collective Medical (@collectivemed), partly funded by Intermountain Health uses their proprietary software to provide cost-saving care coordination of complex patients across providers.
Business Model
Sells to hospital systems and payers
Read More
Forbes: How Collective Medical Technologies Conquered Emergency Rooms On A Bootstrap (2017)
3 - Doximity
What They Do: Social Networking for Doctors
Doximity (@doximity) is a social network for doctors aiming to be the LinkedIn of the medical community.
Business Model
Advertising
Read More
Press release: Doximity Selected for Deloitte's 2018 Technology Fast 500™ for Third Consecutive Year (2018)
4 - Nurx
What They Do: Telemedicine
Nurx (@nurxapp) is an app-based prescription service for reproductive health: birth control, HIV PrEP, HPV screening, etc (no AI here, just remote docs who review patients health and write the prescription). “The Uber of Birth Control.”
Business Model
Direct to consumer, insurance and patient co-pay reimbursement.
Read More
TechCrunch: On Demand Birth Control Delivery Startup Nurx Raises 5.3 Million from Union Square Ventures (2017)
5 - Oscar
What They Do: Insurance
Oscar (@oscarhealth) — provides simplified health insurance plans, claims, and coverage — along with scheduling and other tools, aiming to use technology to improve the insurance experience (“insuretech”).
Business Model
Two revenue streams: (1) those who need health insurance and aren’t covered by another plan, and (2) healthcare providers that pay for the supply of patients. More.
Read More
Beckers: Ten Things to Know About Oscar Health (2018)
6 - Rally Health
What They Do: Health Coordination and Incentivization
Rally Health (@rally_health) simplifies the healthcare experience by providing a single interface for healthcare, wellness, and other health-related activities, while providing a rewards system for healthy behavior.
Business Model
Paid for by employers, as a benefit. More.
Read More
Fortune: How a 27-Year-Old College Dropout Is Simplifying Health Care (2016)
7 - SolvHealth
What They Do: Scheduling and Patient Communications
Solv Health (@solvhealth) wants to become “the OpenTable of urgent care”, by selling an easy appointment booking and patient communication system to urgent care centers — routing patients away from more expensive emergency departments.
Business Model
Sells to urgent care centers, with plans to add other types of care
Read More
Fortune: This Startup Wants to Be the OpenTable for Urgent Care (2017)
8 - Teledoc
What They Do: Telemedicine
Teladoc (@teladochealth) lets you “speak to a licensed doctor by web, phone, or mobile app in minutes” for a flat $45 fee. The docs can send prescriptions, if needed, to a local pharmacy.
Business Model
Monthly fee-based subscriptions paid by employers (as an employee benefit) and insurers (as a cost saver)
Read More
Barrons: Teladoc Stock Is Rising on a Dose of Optimism for Its Online Therapy Brand (2019)
9 - Zocdoc
What They Do: Scheduling
Zocdoc (@zocdoc), like Solv, wants to provide easier booking, and it’s an easy sell to providers (who pay a subscription fee), because Zocdoc helps them “fill their 20-30% unused, perishable inventory” of unbooked slots in the schedule.
Business Model
Direct-to-consumer, insurance and patient co-pay reimbursement.
Read More
Fortune: The Business Plan That Keeps Zocdoc Successful (2017)