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

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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

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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

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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

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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

teledoc-homepage.jpg

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)