Image | Jawbone
The main seed capital funds of the eHealth sector have released the figures of the investments made so far in 2015 and in their reports Rock Health, Health 2.0 Market Intelligence and StartUp Health reveal a total of over $2 billion and for the last company the sum is around $3 billion.
The money has gone to 462 technology startups in the health sector, although only some of them have been chosen to receive the largest payouts. Who were the lucky ones and why were they chosen over others?
In the field of integrated data analysis we find NantHealth, a company founded by the physician and researcher (and multimillionaire) Patrick Soon-Shion. The firm’s strategy is based on the aggregation of clinical patient data from genome information of the heartbeat, so that professionals can design personalized treatments. They have developed an operating system in the cloud built on a platform that connects more than 16,000 medical sensors.
Image | Virgin Pulse
Meanwhile, Virgin Pulse, another of the most successful companies among investors offers a platform to centrally manage the data collected by sensors, and the focus is aimed at the corporate level. It is trying to improve the quality of life of workers (their nutrition, sleep and stress) based on the medical information they collect from their wearables devices and mobile apps. The program presents their progress, their statistics and gives health tips.
Continuing with wearables, we find Jawbone, a firm with a strong commitment to wristbands that monitor physical activity. They have a differential contribution relative to other similar products that are now flooding the market beyond cutting-edge technology- design. They also offer, like most of their competitors, individual advice: their application, which integrates all data, serves as a personal trainer.
Imagen | Jawbone
Far removed from sports applications, Oscar has also revolutionized the world of health insurance and virtual health care. The patient begins by informing the software of any symptoms and will then go on to choose one of the doctors or health centers that the application recommends and within the plan that has been contracted as part of its offer. This is all integrated within the US ObamaCare program.
This New York startup’s tool, started in 2013, tells users the cost of each of the options and provides a brief description of each specialist. You can then call a doctor on a free phone number to ask questions or to request prescriptions, which you can collect at your usual pharmacy. Consultations and treatments are recorded in your personal profile, so that each patient history can be tracked without contacting a health center.
The examples cited as well as the rest of health sector startups have received their first major economic injections committed to changing the system so that patients have more control over their health and medical needs. Doctors are no longer the only ones who have access to medical records.