Actually this Editor added the ‘Top’ to the Digital Health 150, as it emulates the Top 40 or Top 100 when Music Radio ruled, but Billboard or Melody Maker would hardly recognize the format. CB Insights evaluates the promising, primarily US digital health startups from its research. It’s their second Digital Health 150 and like last year’s, it organizes the aspiring hot companies into groups and sub-groups. Many companies are repeats, though the categories are different than last year’s, reflecting a change in what is considered ‘hot’:
- Administrative automation and digitization
- Disease management and therapeutics
- Screening and diagnostics
- Drug discovery
- Clinical trials
- Clinical intelligence and enablement
- Online-offline care
- Primary and urgent care
- Specialty care
- Pharma supply chain
- Health plans and benefit management
- Real-world evidence (RWE)
- Virtual care delivery
Telehealth is hot (of course) in the Online-Offline and Virtual Care categories. CB Insights singles out in telemedicine Heartbeat Health, Doctor On Demand, and Livi (UK) (Kry in the Nordics), while in remote monitoring they named Oura (a ring), Element Science (a cardiac wearable), and Dental Monitoring (a dental treatment/care management platform different than The Teledentists). We also noted Parsley Health’s NY clinics and VillageMD, a Chicago-based primary care provider group which just inked a major deal with Walgreens Boots [TTA 9 July]. Early-stage companies do well when they have big partnerships.
CB Insights also provided a compare/contrast summary against the 2019 Digital Health list [TTA 10 Oct 19]:
- Unicorns: 17 of the 2019 Digital Health 150 (11%) have remained or since become unicorns with a $1B+ valuation
- Exits: 2 companies have gone public and 2 have been acquired
- Deals, funding, and mega-rounds: raised over $4bn across 70+ deals, including 14 mega-rounds ($100 million+ investments), as of 10 August
They do not mention that one, Proteus Digital Health, one of those unicorns, went bankrupt this year and was sold on Wednesday for its IP for $15 million.
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