Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for the healthcare sector. As there are a lot of such startups working on various different applications, want to share our insights with you. Here, we take a look at 5 promising Connected Medicine startups.
Heat Map: 5 Top Connected Medicine Startups
For our 5 top picks, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 5 interesting examples out of 984 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
NexJ Health – Population Health Management
Nowadays, maintaining and improving health should be directed to the population in general, especially in times of the Coronavirus pandemic. The use of big data and predictive analytics help find drivers and factors that improve or maintain the health of entire populations with the goal to shift from the treatment of illnesses to their prevention by improving the speed and accuracy of diagnostics and designing treatment plans.
Canadian startup NexJ Health provides a digital platform for population health management that incorporates mobile and wearable technologies to engage and empower patients, with the support of their families, friends, and healthcare professionals in order to actively participate in managing their own chronic conditions.
Elastic Care – Digital Therapeutics
Digital therapeutics form an independent category of evidence-based products and are distinct from other adherence, diagnostic, and telehealth products. They also work in real-time but provide clinically validated treatments for the cure of many diseases, pathological conditions and chronic states.
Elastic Care, a medical technology company based in Canada, produces a remote patient monitoring platform, called LifePath-C, to collect and analyze a patient’s physiological data. Body-worn sensors based on Artificial Intelligence (AI) continuously stream a range of vital signs to the cloud, where the information is analyzed with sophisticated algorithms and stored or relayed to healthcare providers on schedule or on-demand.
Accuhealth – Telemedicine
Telecommunication and electronic information tools enable care outside of traditional healthcare facilities which are highly necessary as we see hospital care capacities being exhausted due to an increasing number of COVID-19 patients. Through telemedicine, non-traditional care facilities have full access to health assessment, diagnosis, interventions, consultation, supervision, and information. Telemedicine as a form of live interactive video enables providers to consult with patients, provide diagnoses, and recommend treatment plans in their home, for example. Patients also obtain personalized education materials, coaching and may participate in online discussions and support groups as additional means of managing their health.
The US-based startup accuhealth builds a complete telehealth platform. The company offers telemedicine and telemonitoring, allowing patients to visit doctors remotely through a video call and physicians to monitor if their patients adhere to the program. With access to real-time vital information, physicians increase patient satisfaction and achieve better health outcomes.
OpenTeleHealth – Remote Patient Monitoring
Technology devices that consumers use or wear continuously help clinicians to track information related to their health and fitness remotely, lowering the risk of infection. For this purpose, technologies such as smartphone apps or smart devices that are directly connected to a cellular network and provide vital information exchange are used.
OpenTeleHealth, a Danish startup, works on a cloud-based platform for remote health monitoring. Patients measure health data at home using different medical measurement devices and add additional valuable information by inputting it into an app. The web portal provides clinicians with access to patient data and allows them to review, analyze and communicate with patients.
EHNote – Electronic Health Records (EHR)
Electronic Health Records are one of the starting points of connected healthcare delivery. Cloud-based solutions and mobile apps that integrate provider and patient interactions contribute and promote the adoption of EHRs. Together with other smart technologies such as Artificial Intelligence and the Internet of Things (IoT), EHRs aim not only to cure an ailment but to prevent it through early detection and prediction.
The Indian startup EHNote offers an AI-based clinic management system featuring customizable cloud-based solutions. The software helps manage all patient data records for online appointments, session records, diagnostic features, and more.
What About The Other 979 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 5 connected medicine startups showcased above are promising examples out of 984 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.