The rapid growth of the telemedicine industry is fueled by a wave of new telemedicine companies at the forefront of innovation. This article provides an overview of 10 telemedicine companies pioneering new approaches to remote healthcare. These companies introduce a diverse range of solutions, including telemedicine platforms for virtual consultations, advanced remote patient monitoring systems for health data collection, intelligent imaging tools to enhance diagnostic precision, and digital assistants to streamline patient-provider interactions, among others.
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Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the telemedicine industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Telemedicine Trends: Notable trends include the use of artificial intelligence (AI) for diagnosis and treatment planning, the internet of medical things (IoMT) for enhanced patient monitoring, big data for improved healthcare analytics, immersive technologies for virtual patient consultations, and 5G for faster and more reliable data transmission.
- Telemedicine Industry Statistics: The global telemedicine industry comprises 9.9K+ companies worldwide and employs a substantial 745K+ workforce. It is experiencing an annual growth rate of 4% and has seen the emergence of 1.2K+ new telemedicine companies in the past five years.
- List of Telemedicine Companies (Top 10):
- Nova Telehealth – White Label Telemedicine
- BioCam – AI-powered Capsule Endoscopy
- PrescribeNow – Cloud-based Prescription
- MedSys Health – Virtual Care Platform
- MonitAir – Remote Patient Monitoring
- OPTAC-X – Remote Assistance Platform
- Occyo – Intelligent Ocular Imaging
- Doctosmart – Cloud-based Telemedicine Software
- EverAssistant – Digital Assistant
- Virtual Doc – Medical Care and Well-being Platform
Discover 10 out of 1.2K+ Emerging Telemedicine Companies
In this section, we spotlight 10 new telemedicine companies at the forefront of healthcare innovation. These companies harness the power of advanced algorithms, sensor technologies, and innovative approaches to enhance operational precision, patient-clinician interaction, and the overall effectiveness of care. Their solutions encompass white-label telemedicine platforms, digital assistants, AI-powered clinic applications, remote monitoring, and more. Dive deeper to discover how these innovators are reshaping standards within the telemedicine industry, making it more accessible and efficient.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Nova Telehealth
- Founding Year: 2020
- Employee Range: 2-10
- Location: United States
- Signal Strength: Strong
- What they do: Nova Telehealth provides a customizable white-label telemedicine platform that enables healthcare clinics to establish their own branded telehealth solution. It integrates features such as patient queue management and doctor collaboration tools, enhancing the efficiency of healthcare delivery. Moreover, the platform visualizes key metrics such as average wait times, visit count, and patient satisfaction. Other features like a branded virtual waiting room with a subdomain matching the clinic ensure a smooth patient experience, reinforcing the clinic’s brand identity in a virtual setting.
2. BioCam
- Founding Year: 2019
- Employee Range: 11-50
- Location: Poland
- Signal Strength: Very Strong
- What they do: BioCam provides a capsule endoscopy system that simplifies the examination procedure for patients and medical professionals. The pill-sized capsule, equipped with a tiny wireless camera, captures thousands of images as it traverses the digestive system. These images are automatically analyzed using BioCam’s AI-powered software, enabling real-time detection of potential abnormalities. This enables radiologists to benefit from automated image interpretation, reduced workload, improved diagnostic accuracy, and maximize productivity and patient care.
3. PrescribeNow
- Founding Year: 2022
- Employee Range: 11-50
- Location: United States
- Signal Strength: Medium
- What they do: PrescribeNow is a cloud-based platform that streamlines prescription workflow in healthcare practices. The system integrates electronic health records, ensuring comprehensive medical histories during consultations. Further, it includes features like e-prescription, intuitive patient charting, lab/imaging orders, convenient appointment scheduling, eligibility verification, and claims management. Healthcare providers utilize real-time video conferencing to conduct examinations and provide diagnoses, allowing for streamlined workflows.
4. MedSys Health
- Founding Year: 2019
- Employee Range: 11-50
- Location: United States
- Signal Strength: Very Strong
- What they do: MedSys Health develops a virtual care platform that enables remote consultations with healthcare providers. Key features include audio and video consults, appointment reminders, patient queuing, and document sharing. This solution eliminates the need for in-person visits, improving accessibility for patients in remote areas or during emergencies. Additionally, the platform enables secure document sharing between patients and providers, streamlining communication and potentially expediting diagnoses. MedSys Health assists healthcare providers to expand access to care, increase efficiency, and improve patient satisfaction.
5. MonitAir
- Founding Year: 2020
- Employee Range: 2-10
- Location: United States
- Signal Strength: Very strong
- What they do: MonitAir enables remote patient monitoring specifically for sleep and respiratory care. The platform facilitates patient monitoring through video, audio, text, and screen sharing in a compliant manner. Virtual exam rooms facilitate seamless collaboration among patients and healthcare providers. Integrated remote patient monitoring (RPM) tools enable data-based and personalized treatment plans. Moreover, real-time data monitoring empowers providers to adjust treatment plans remotely, potentially enhancing treatment efficacy.
6. OPTAC-X
- Founding Year: 2021
- Employee Range: 11-50
- Location: United States
- Signal Strength: Medium
- What they do: OPTAC-X specializes in remote communications, enabling tele-experts to provide instant assistance. The platform multiplexes a network of healthcare providers, ensuring the availability of expertise and balancing patient care demands. It provides a resilient, high-speed digital network (VSAT, Gen 4 & 5 LTE, and terrestrial IP), ensuring constant connectivity for telemedicine practitioners. OPTAC-X’s cloud-deployed operational software is accessed from any location globally, facilitating remote teams’ access to the network.
7. Occyo
- Founding Year: 2019
- Employee Range: 11-50
- Location: Austria
- Signal Strength: Very Strong
- What they do: Occyo offers an intelligent ocular surface imaging system for eye care professionals. This system captures high-resolution images of the ocular surface, facilitating detailed examinations and precise diagnoses of various eye conditions. It provides quantifiable data through photo documentation, useful for remote diagnosis and follow-up monitoring. The device is designed for ease of use, enabling ophthalmologists to operate it effectively. This technology benefits both patients and professionals by enhancing the accuracy of ocular surface disease documentation.
8. Doctosmart
- Founding Year: 2019
- Employee Range: 11-50
- Location: India
- Signal Strength: Very Strong
- What they do: Doctosmart offers a cloud-based telemedicine software that enables healthcare professionals to connect with patients via live video chat. It integrates with most electronic health record systems, providing a seamless experience. The software includes a HIPAA-compliant e-prescription generator, facilitating remote prescription of medications. Further, the analytical tools assist in identifying patterns and trends in patient behavior. Additionally, it features a payment collection facility, simplifying the process of collecting payments from patients. Lastly, the platform empowers healthcare providers to streamline their operations and improve patient care.
9. EverAssistant
- Founding Year: 2019
- Employee Range: 2-10
- Location: Canada
- Signal Strength: Medium Strong
- What they do: EverAssistant develops an electronic medical records EMR platform with built-in telemedicine and online booking services. It supports healthcare practices with a full suite of virtual care services including cloud-based faxing capabilities, secure document sharing, and patient questionnaire capture. The platform facilitates appointment scheduling, patient information management, secure video conferencing, and data storage. Moreover, healthcare providers and patients mutually benefit from reduced wait times and online booking.
10. Virtual Doc
- Founding Year: 2022
- Employee Range: 2-10
- Location: Dominican Republic
- Signal Strength: Medium
- What they do: Virtual Doc develops a telehealth platform that provides electronic medical records and a digital self-care program. It specializes in diabetes, hypertension, obesity, and mental health, emphasizing preventive measures through a unique 4P value-based care model. It further includes a dashboard that monitors health indicators for personalized treatment and automates medication reminders and preventive evaluations. Virtual Doc caters to companies, health insurers, and ARS, enhancing employee well-being and productivity.
Tips to Quickly Find New Telemedicine Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new telemedicine companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying telemedicine innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the telemedicine industry. The platform keeps you informed with near real-time updates on emerging telemedicine companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the telemedicine sector, such as digital health devices, virtual assistants, or AI-powered diagnostics. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All Telemedicine Companies?
We’ve explored the dynamic landscape of the telemedicine industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our free Healthcare Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments.
