Everest Group Names Top 25 Healthcare Start-Ups of 2016

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Hot healthcare startups are driving disruption in a market craving innovation, witnessing a resurgence of investment activity according to Everest Group research.

Hot Healthcare Start-ups in 2016: Dawn of a New World Order

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Although the investment climate has become more moderate in general, healthcare is witnessing a resurgence in investment activity

From more than 200 healthcare startups, Everest Group has identified the Top 25 Healthcare Startups of 2016, based on criteria such as technology disruption, business disruption and market buzz.

“Although the investment climate has become more moderate in general, healthcare is witnessing a resurgence in investment activity, especially in the area of innovative care delivery,” said Abhishek Singh, practice director with Everest Group and leader of Everest Group’s Healthcare & Life Sciences research practice. “The healthcare market, particularly in the United States, suffers from issues of cost, access and quality. Stakeholders are trying to tackle those issues with technology solutions, which makes healthcare a fertile field for start-ups with fresh approaches, disruptive technologies and sufficient sources of start-up funding.”

From an initial long list of more than 200 companies, Everest Group identified a short list of 50 companies based in North America that were able to raise sufficient funds from the market. These 50 were assessed on the following evaluation criteria:

  • To what extent has the start-up addressed existing challenges through technology?
  • To what extent has the start-up created new channels via technology?
  • To what extent has the start-up transformed existing business functionality?
  • To what extend has the start-up created a new market or a new ecosystem?
  • How much trust have the investors shown in the startup?
  • What kind of market recognition has the startup received?

The “leader board” of the Everest Group list of hot healthcare start-ups comprises five highest-ranking companies in each of five focus-area segments:

Care financing:

  • Clover Health
  • HealthEdge
  • Oscar
  • Remedy Partners
  • Zipari

Care management:

  • Apixio
  • NantHealth
  • RedBrick Health
  • Sharecare
  • Welltok

Electronic health records:

  • CareCloud
  • Flatiron
  • Health Catalyst
  • PracticeFusion
  • Redox

Practice management:

  • Augmedix
  • Cureatr
  • Doximity
  • Vitals
  • ZocDoc

Telehealth:

  • American Well
  • Doctor on Demand
  • HealthTap
  • MDLIVE
  • Teladoc

Three new Market Insights™ published by Everest Group graphically depict these findings:

These high-resolution graphics are available for complimentary download and may be included in news coverage, with attribution to Everest Group.

A more detailed discussion about the ranking is available in “Hot Healthcare Start-ups: Dawn of a New World Order.” This report provides a detailed analysis of each of the 25 hot healthcare start-ups, including a business overview, leadership details, funding trail, disruptions across technology and business, and market buzz. The report also focuses on opportunity in the healthcare value chain, implications for enterprises and service providers, and an assessment of key investment markets.

About Everest Group
Everest Group is a consulting and research firm focused on strategic IT, business services, and sourcing. We are trusted advisors to senior executives of leading enterprises, providers, and investors. Our firm helps clients improve operational and financial performance through a hands-on process that supports them in making well-informed decisions that deliver high-impact results and achieve sustained value. Our insight and guidance empowers clients to improve organizational efficiency, effectiveness, agility and responsiveness. What sets Everest Group apart is the integration of deep sourcing knowledge, problem-solving skills and original research. Details and in-depth content are available at http://www.evererstgrp.com.

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Contact:

Andrea M. Riffle, Everest Group
andrea.riffle(at)everestgrp(dot)com

Robert Cathey, Cathey Communications
+1-865-386-6118
robert(at)cathey(dot)co

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Andrea M. Riffle

Robert Cathey
Cathey Communications
865-386-6118
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