The healthcare enterprise is constantly evolving with new technology and improvements. Healthcare Tech has been gaining momentum in recent years with the most innovative startups emerging within the market. These startups have been disrupting the conventional healthcare enterprise by means of imparting innovative answers to enhance affected person consequences, lessen prices, and increase efficiency. Here , we will take a closer study of the US healthcare tech startups which are making waves within the enterprise.

Introduction to US Healthcare Tech Startups

The healthcare enterprise has traditionally been gradual to evolve to new technologies. However, with the upward push of HealthTech startups, there was a shift in the direction of more era-pushed answers. These startups are leveraging technologies inclusive of Artificial Intelligence (AI), Big Data Analytics, Internet of Things (IoT), and Robotics to enhance healthcare outcomes.

Emerging Trends in US Healthcare Tech Startups

US Healthcare Tech startups are continuously innovating and exploring new technologies to improve healthcare consequences. Here are some of the rising trends in the US healthcare tech startup atmosphere:

• Telemedicine
  • Telemedicine has been at an upward push, specifically after the COVID-19 pandemic. Healthcare carriers are actually presenting online consultations and digital care to sufferers, making healthcare more handy and convenient.
• AI and Machine Learning
  • AI and Machine Learning are getting used to research huge datasets to offer personalized healthcare pointers. These technologies are also getting used to develop predictive fashions for disease diagnosis and treatment.
• Wearables and Sensors
  • Wearables and sensors are getting used to accumulate patient records in real-time. This data is then analyzed to offer customized healthcare recommendations and improve affected person outcomes.

Here is an overview of the 9 best US healthcare startups

Data Source: leadsquared

1. Verily

Founded - December 7, 2015
Location - San Francisco (United States)
Funding- $2.50B 
Investors - Alphabet, Ontario Teachers’ Pension Plan, Silver Lake, Silver Lake Partners, Temasek Holdings

Verily is a health tech startup under Alphabet, Google’s parent company. It applies AI and data science to generate and apply evidence from various sources to transform healthcare delivery. Verily recently raised $1 billion in funding to expand its services. The company has also invested in other health tech startups, including Story Health, a virtual cardiology care platform. Verily’s focus on innovation and expansion has secured it significant funding and partnerships, including a $700 million investment to scale up its commercial work.

2. Bright Health Care

Founded - December 7, 2015
Location - 219 N 2nd St 310, Minneapolis (United States)
Funding - $500M 
Investors - Blackstone, NEA and Bessemer Venture Partners, T. Rowe Price Associates, Tiger Global Management

Bright healthcare technology startup that specializes in providing health insurance plans to individuals and families. The company was founded in 2015 and began selling its insurance plans in 2017. Bright Health has since expanded its services to include Medicare Advantage plans. The startup recently filed for an initial public offering in 2021. Bright Health has also invested in other health tech startups, such as telehealth provider Zipnosis, to personalize care for patients. Despite experiencing cutbacks in some states, the company’s focus on innovation and expansion has secured it a place among the top players in the health tech industry.

3. Tempus

Founded - 2015
Location - Tempus Headquarters and Lab. 600 West Chicago Avenue Suite 510 Chicago, IL (United States)
Funding -  $620M (latest $100M, two years ago)
Founder - Eric Lefkofsky

Tempus is revolutionizing precision medicine through the use of artificial intelligence. The company focuses on improving patient care by providing high-quality testing, clinical trial matching, and deep research data that powers scientific discovery. in funding to date.

Tempus has expanded its focus to include infectious diseases and mental health. With the practical application of AI in healthcare, Tempus is advancing precision medicine and improving patient outcomes. Tempus is one of over 130 AI startups that is automating health operations and care. With its commitment to improving patient care through innovative technology, Tempus is a healthcare tech startup to watch.

4. Ro

Location - Ro New York HQ,116 W, 23rd St 4th floor, New York
Employees - 706
Funding Raised - $876.3M (latest $500M, a year ago)
Investors - 3L, Altimeter Capital, Baupost Group, BoxGroup, Dragoneer Investment Group, FirstMark, FirstMark Capital, Forbes, General Catalyst, Initialized Capital, Liz Wessel, Philip Krim, Prehype, Radcliff, ShawSpring Partners, SignalFire, Sinai Ventures, Slow Ventures, TQ Ventures, The Chernin Group, Torch, Torch Capital, Tusk Ventures

Ro, a digital health startup that provides telehealth services to patients. The company connects patients with US-licensed healthcare professionals online, with a focus on specific areas of healthcare such as men’s and women’s health, ED, hair loss, skincare, and fertility.
Ro healthcare tech startup that is aiming to improve access to healthcare services through telehealth. However, the company has faced challenges in the competitive healthcare market and must continue to address concerns about the quality and accessibility of care.

5. Lyra Health

Location - 287 Lorton Ave, Burlingame, CA 94010
Employees - 1,294
Funding Raised - $655.1M (latest $200M, a year ago)

Lyra Health is a mental healthcare tech startup that partners with companies to provide their employees with access to effective and high-quality mental health care. The company uses matching technology and innovative digital tools to improve access to care. Recently, Lyra Health received $235 million in funding, leading to a $5.58 billion valuation, and also acquired another company to expand its global presence.

The company has been successful in its mission to provide accessible and affordable mental health care services to employees of large companies and has garnered significant attention and funding from investors. Its innovative digital tools and matching technology are making a significant impact on the mental health crisis in the workplace.

6. Olive

Location - 99 E Main St, Columbus
Employees - 1,398
Funding Raised - $855.3M (latest $400M, a year ago)

Olive healthcare tech startup that specializes in automation and intelligence for the healthcare industry. The innovative AI workforce developed by Olive aims to improve operational efficiency for provider and payer teams. The company has raised over $1 billion in funding and has been recognized for its contribution to the healthcare industry.

Overall, Olive is a healthcare tech startup that is using innovative technology to improve operational efficiency in the healthcare industry. While it has faced challenges, the company’s focus on automation and intelligence has the potential to make a significant impact on healthcare operations.

7. Cityblock Health

Location - 10 Hudson Yards 24th Floor, 347 10th Ave, New York
Employees - 733
Funding Raised - $491.1M (latest $192M, a year ago)

Cityblock Health is a tech-driven healthcare provider that focuses on underserved communities. The company aims to bring better care to neighbourhoods that need it most. Cityblock Health has raised over $1 billion in funding and has been recognized for its contribution to improving healthcare access for marginalized populations.

Through its human-centred care models, Cityblock Health is making a significant impact on the healthcare industry. The company’s use of tech and data science has supported more individualized care and helped to engage patients more effectively.

8. Hinge Health

Location - 818 Mission St Ste 200, San Francisco, CA 94103
Employees - 1,171
Funding Raised - $400M (9 months ago)

Hinge healthcare tech startup that provides digital solutions for musculoskeletal (MSK) conditions. The company’s innovative platform, which includes wearable sensors, digital coaching, and personalized exercise therapy, aims to improve patient outcomes and reduce healthcare costs.

The company has also partnered with major employers, such as Amazon and Boeing, to provide its services to their employees. Hinge healthcare tech startup that is using innovative technology to improve outcomes for patients with MSK conditions. Its focus on digital solutions and partnerships with major employers has the potential to make a significant impact on the healthcare industry.

9. Clover Health

Clover Health is a healthcare tech startup that focuses on Medicare Advantage plans. The company was founded in 2014 and has since raised over $1.2 billion in funding. Clover Health aims to use data and technology to improve healthcare outcomes for its members.

Despite its success, Clover Health has faced challenges, including a $48.4 million loss in Q1 2021 and controversies surrounding its business practices. However, the company continues to innovate and expand its offerings, including going public in a blank check deal in 2021.

Overall, Clover Health is a healthcare tech startup that is using innovative technology and data to improve healthcare outcomes for Medicare Advantage members. While it has faced challenges, the company’s focus on innovation and expansion has the potential to make a significant impact on the healthcare industry.

Challenges for US Healthcare Tech Startups

Healthcare Tech startups in us face several challenges within the enterprise, including regulatory hurdles, privacy issues, and the absence of funding. The healthcare enterprise is heavily regulated, making it hard for startups to navigate the complicated landscape. Moreover, privacy worries surrounding patient facts make it difficult for startups to increase modern solutions.

In conclusion, US healthcare tech startups are developing rapidly, with new startups rising every day. These startups are disrupting the conventional healthcare industry by means of leveraging new technologies to provide progressive solutions. However, in addition, they face several demanding situations in the enterprise, along with regulatory hurdles and the absence of investment. Despite these challenges, the healthcare industry is poised for a technology-driven transformation, with US Healthcare Tech startups leading the way.

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