6 startups changing their industry
Healthcare is now in the age of digital transformation.
The past decade has seen technology significantly impact the global economy. The health sector is among the most transformed industries. A new revolution is underway in healthcare, driven by emerging technologies like blockchain, big data, and artificial intelligence (AI).
The global startup ecosystem drives healthcare innovations in healthcare tech. This is a way to improve healthcare outcomes, reduce healthcare costs, streamline doctors’ work and improve patient outcomes using innovative web and mobile experiences.
As healthcare tech startups use emerging technologies to develop solutions that improve patients’ health and make the healthcare system more efficient, healthcare is now in the age of digital transformation.
These are five examples of health tech startups.
HingeHealth is a San Francisco-based tech startup that provides best-practice care for chronic conditions like joint pain and chronic back pain. Hinge Health was founded in 2015 and is the first company to offer digital healthcare for musculoskeletal conditions.
The online clinic offers immediate support for individuals to prevent injury, manage chronic pain, and post-surgery rehabilitation.
Access to physical therapists as well as a full team of clinical staff via the app-based online resource allows users to get the best care possible when they need it.
Users can access medical resources, weekly articles that are easy to read, and one-on-1 health coaching to improve their quality of life.
The platform also uses wearable sensor technology to allow users to track their progress during physical therapy and receive real-time feedback.
Hinge Health is a committed provider of the best clinically-proven musculoskeletal care. Hinge uses emerging technologies and better data in order to improve pain management adherence without surgery or drugs.
MolecuLight is an Ontario-based health tech startup that was founded in 2012. They are aiming to revolutionize advanced wound treatment with their healthcare innovation.
An easy-to-use optical imaging device that allows clinicians and researchers to see the fluorescent characteristics of wounds in real-time has been developed by the healthcare innovator.
The digital wound measurement tool Moleculight: XTM can be used by clinicians at point-of-care to digitally assess the readiness of wounds for cellular or tissue-based products (CTPs).
This device allows for wound monitoring and reimbursement. It also allows for auto-detection. Clinicians don’t need to use contrast agents to detect bacteria in skin wounds.
Instead, this non-invasive tool will help them visually identify and document-heavy to moderately high levels of bacteria.
This technology allows clinicians and other healthcare professionals to make better decisions about the treatment and diagnosis of patients with skin injuries.
- The Phoenix
The Phoenix emits calibrated soundwaves (powerful soundwaves), which travel through vessels and safely eliminate plaque from vessel walls.
To safely dissolve plaque in vessels, the Phoenix uses sound waves (sometimes called shockwaves). These waves penetrate the tissue to cause painless microtrauma.
This treatment causes your body to grow new blood vessels to support tissue recovery. Although it is not an instant fix, Li-ESWT can result in more blood vessels and less plaque.
The Phoenix uses the same Li-ESWT that is used in-clinic by thousands worldwide. It’s now available as a home-use device, making it the first-ever.
- Heart Hero
Heart Hero, a health tech startup, is on a mission to change the tragic outcome of sudden cardiac events by providing small, portable, and inexpensive Automated External Defibrillators for families and individuals.
Heart Hero’s AED technology is lighter and more efficient than other brands on the market. It can be carried and stored at home by people at higher risk for sudden cardiac arrest (SCA).
Low-cost AEDs use artificial intelligence (AI), which provides step-by-step instructions in voice and visual format. When synchronized with a smartphone, it detects the heartbeat and sends an alert to emergency services.
- Neofect Smart Balance
Neofect Smart Balance, a rehabilitation device that allows patients to walk unassisted, features sixteen rehabilitation games.
Patients have the option to choose from a variety of games that will help them learn to walk, strengthen their core, balance, move better, and improve their posture.
Patients who have suffered a stroke, lower body disability, or ambulatory injury will benefit from the device.
Neofact is making what was once a boring process fun and exciting. Lower-body rehabilitation devices allow patients to assess their gait and posture, track and analyze their movement, and help them recover their leg function.
It also provides feedback to patients when it detects an imbalance in their movement. Based on the shared progress reports, therapists can monitor patients’ progress and adjust their treatment plans.
This innovation in healthcare allows for remote sharing of reports. It was recently recognized with an award at the 2020 CES Innovation Awards.
Tempus is a Chicago-based startup in health tech that uses artificial intelligence to improve data-driven precision medicine in healthcare. The company was founded in 2015 and is currently supporting healthcare professionals in the treatment of cancer patients.
The data-harnessing technology allows doctors to personalize treatment for cancer and make data-driven clinical decisions. Tempus’ mission is to empower patients with cancer so that they can get the treatment and care they need to improve their quality life.