The 2020 Digital Health 150 cohort highlights startups that are reimagining the lines of the traditional healthcare experience across 12 categories, from Virtual Care Delivery and Clinical Trials, to Drug Discovery and Specialty Care. Countries represented this year include Canada, China, Israel, France, the UnitedKingdom, and the United States, among others.
“This year’s Digital Health 150 is our most global ever, covering the best private healthcare companies from 17 countries. Beyond geographic diversity, these companies are innovating across the entire healthcare value chain, spanning technologies that benefit pharma & biotech companies, to payers, hospitals, insurers, and more,” said CBInsights CEO Anand Sanwal. “Last year’s Digital Health 150 winners saw numerous exits and went on to raise nearly $5 billion in investor financing after being recognized. We look forward to seeing the success of this year's class of the best in digital health."
“We are thrilled to be recognized among other digital health industry leaders,” said Wellth CEO and Co-founder Matthew Loper. “2020 has certainly brought several surprising challenges to the health care industry and to society at large. We’ve seen increased customer demand as the need to manage care remotely becomes a necessity. Digital health offers a unique solution to meet and treat patients where they are. With our recent Series A funding of $11.5M, we are working to enhance our product to serve additional populations and reward members for additional care plan behaviors.”
Through an evidence-based approach, the CB Insights research team selected the DigitalHealth 150 from hundreds of applications based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Wellth is a pioneer in applying the concepts of behavioral economics to create motivation and improve population health at scale. Wellth members receive financial incentives, nudges, and behavioral reinforcements to establish healthy, lasting habits. Once enrolled, members use Wellth’s platform to submit scheduled check-ins aligning with their care plans. Check-ins, typically completed daily, require users to submit a picture of their target behavior at a set time (e.g., medications placed in the palm of their hand, glucometer or blood pressure cuff readings). These check-ins are immediately processed by Wellth’s AI technology for verification, and insights can be relayed directly to care teams. Members get a fun, easy, motivating experience along with instant gratification in keeping their endowed daily amount, which they “cash out” at milestone intervals throughout the duration of their program. Even when selecting for previously nonadherent patient populations, Wellth members demonstrate 89%+ average care plan adherence over a 12-month period, generating a2-6X ROI to Wellth’s customers.
Quick facts on the 2020 DigitalHealth 150:
- The 2020 Digital Health 150 startups have raised over $20B in funding across 600+ deals from 900+ unique investors.
- The list includes 12 unicorns (companies that have reached a valuation of $1B+) focused on a diverse range of digital health solutions, including telehealth, insurance, and robotic surgical systems.
- Many have formed partnerships with key industry players like the American Heart Association, Cigna, and MountSinai Health System.
The Digital Health 150 Companies (in alphabetical order):
Hims & Hers
About CB Insights
At CBInsights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Keith Swiader, Manager - PR & Communications
About Wellth, Inc.
Backed by the science of behavioral economics, Wellth rewards members with daily financial incentives for submitting scheduled check-ins that align with their care plans. Wellth aims to create a world where the standard of care motivates patients to adopt habits that optimize their long-term health.
Kristin Haluch, VP - Market Development