Health IT Startups Shaking Up the Industry in 2023
This article is part two of our previous article 10 Emerging Trends in Healthcare IT in 2023. Here we dive deeper into emerging technology startups that could change the way healthcare operates, improving physician burnout, patient care, and the continuum of care.
Artificial Intelligence Startups
Care AI provides Autonomous Patient Monitoring
Care AI is a US-based startup offering an AI-powered autonomous patient monitoring platform. The startup’s platform connects to the proprietary edge sensors and transforms ordinary rooms into Self-Aware Rooms. The platform increases patient safety, reduces medical errors, and improves the quality of care and clinical efficiency. It finds applications in monitoring hand sanitation, in-bed patient monitoring to prevent falls, and prediction of pressure ulcers, tremors, and other risks.
Ligence develops an Image Analysis tool
Ligence is a Lithuanian HealthTech startup that develops tools for cardiac risk diagnosis and measuring tools. The startup develops CardioEchoAI, a heart ultrasound image analysis tool. It uses deep learning algorithms to mimic steps performed by a cardiologist during a regular heart ultrasound examination, speeding up the analysis of 2D transthoracic echocardiography (TTE). The startup’s automated heart ultrasound imaging workflow reduces the average examination time from 30 to 5 min, as well as increases the overall accuracy and diagnosis.
Internet of Medical Things Startups
Uventions provides Automated Disinfection
German startup Uventions develops solutions for the automated disinfection of surfaces and infrastructure. The startup offers multiple products for the disinfection of air in the room, door handles, objects, surfaces, and handrails. These solutions are easy to install in settings like hospitals, clinics, offices, airports, hotels, and even cruise ships. The system detects the presence of people in a room or door handle usage and automatically disinfects using ultraviolet C (UV-C) light radiation. The solution documents the disinfection process and reports it in real-time through a dashboard.
Tredomo offers a Dose Monitoring device
Tredomo is a US-based startup developing a portable IoMT device for dose monitoring. The remote, integrated dose monitoring system guarantees on-time delivery of a valid and monitored thermosensitive dose with smart disposal. The device also continuously monitors each new dose, disposable sharps, internal and ambient temperatures, battery level, performance diagnostics, and more.
Telemedicine Vendors
Ceiba develops a Tele-Intensive Care Unit (Tele-ICU) platform
Ceiba, a Turkish startup, provides a tele-ICU platform. The platform offers a fully customizable proprietary dashboard, providing a snapshot of all ICU patients and beds to relay time-critical information demonstrating their need for care. The platform provides AI-based predictive alerts for sepsis, mortality, length of stay, early warning patient deterioration, acuity level scoring, automated doctor progress notes, and nurse notes. Moreover, the solution is easy to integrate with any electronic health record (EHR) platform.
Viveo Health enables End-to-End Telehealthcare
Estonian startup Viveo Health offers a fully working, end-to-end telehealthcare platform that bridges insurance and healthcare. The startup provides an online doctor consultation platform for clinics, doctors, patients, and companies. It allows users to communicate with healthcare providers through video calls, as well as book appointments. The platform also allows users to receive medical advice, e-prescriptions, or e-referrals directly from doctors by using the app.
Big Data & Analytics Vendors
InnVentis manages Chronic Inflammatory Diseases
Israeli startup InnVentis utilizes big data and machine learning to provide solutions for diagnostics, monitoring, and therapeutic decisions on major chronic inflammatory diseases. The startup’s platform combines high-quality data with advanced algorithms to generate actionable insights for diagnostics and disease/health management of inflammatory diseases. The startup also provides products and services for discovering drugs for rheumatoid arthritis (RA). The startup plans to extend its platform to other inflammatory conditions like asthma, multiple sclerosis, and colitis.
MediChain enables secure Medical Data Exchange
MediChain is a British startup offering a decentralized platform for the secure, fast, and transparent exchange and usage of medical data. The startup uses blockchain technology to securely store health records. It provides access to a patient’s record to doctors, hospitals, laboratories, pharmacists, and health insurers while recording transactions on the distributed ledger.
Immersive Technology Vendors
VRSANO develops a Brain-Computer Interface
VRSANO is a US-based MedTech startup that develops a brain-computer interface. Its technology combines VR, neurofeedback, and clinical hypnosis principles to optimize health outcomes. The startup’s patented method pulls medical patients out of a state of distress by immersing them in a relaxing virtual world. It induces a psychophysiological state that helps patients with their mental health needs. The platform alleviates symptoms and improves long-term patient outcomes while lowering healthcare costs.
Rescape Innovation suports Patient Care
British startup Rescape Innovation develops immersive technologies to support patient care in both adults and children. The startup specializes in virtual reality (VR) distraction therapy to support pain and anxiety/stress management. The solution offers cystic fibrosis (CF) patients to view therapeutic documentaries, wherein they can travel among the planets in the solar system or experience surfing, skydiving, and other adrenaline-fueled activities. The startup’s interventions reduce anxiety in patients.
Mobile Health (mHealth) Vendors
M4Life develops Blockchain-based mHealth platform
M4Life is an Israeli startup developing a mobile health platform. M4Life’s provides a simplified and smooth patient/caregiver relationship, allowing information traceability inside the mHealth care chain. The startup’s platform uses a blockchain-based architecture to share prescriptions, diagnostic images, medical certificates, patient consent. Moreover, it offers a telemedicine interface for communication between patients and physicians.
Knodd provides E-Consultation services
Swedish startup Knodd provides a platform for e-consultation with pediatricians. The startup’s platform offers video calls to experienced pediatric nurses and pediatricians with more than 5 years of experience, providing safe answers about children’s health within minutes, free of charge from anywhere. The platform also has digital courses on parenting and child care.
3D Printing Vendors
Exiom develops Reusable Support Device
Exiom is a US-based startup that uses 3D scanning and printing technology to produce customized solutions to heal fractures and sprains. The startup develops a hygienic, waterproof, breathable, itch-proof, easily removable, and reusable support device that adapts immobilization to each patient’s condition. The key benefit of the startup’s solution includes onsite printing in a clinical setting, eliminating the time and cost of recasting with traditional materials.
Graft3D assists in Surgery Planning
Indian MedTech startup Graft3D provides a solution for surgery planning and execution. It utilizes radiological-assisted 3D Model (RAM) technology to visualize a patient’s anatomy prior to surgery. The startup’s Virtual Surgical Platform (VSP) assists doctors in predetermining surgical cuts. The startup designs patient-specific implants (PSI) with informed evidence from nearly 100 successive case studies on complex surgeries. It uses a haptic device that allows doctors or surgeons to sense the bone consistency.
Blockchain Vendors
Blockpharma enables Drug Traceability
Blockpharma, a French startup, develops blockchain-based drug traceability and anti-counterfeiting solution. The Blockpharma app allows the consumer to instantly check the authenticity of the drug box. BlockPharma integrates with multiple information systems and stores authenticated data on medicines stored on Crystalchain, the startup’s private blockchain. Upon detection of a falsified medicinal product, the laboratories immediately alert BlockPharma which then adds the medicine to its flagged list.
Iryo Moshi provides a Practice Management tool
Slovenian startup Iryo Moshi provides a modern practice management tool for private healthcare providers. The startup specializes in blockchain, interoperability, open EMR, consumer relationship management (CRM) areas, and provides an integrated digital healthcare platform. The platform features automated appointments, invoicing, clinical data storage and management, and digital documents and forms. The solution is cloud-connected and also is compliant with General Data Protection Regulation (GDPR) and Health Insurance Portability and Accountability Act (HIPAA).
Cloud Computing Vendors
Radmol AI improves Access to Healthcare
Irish startup Radmol AI utilizes the latest advancements in cloud computing, data analytics, blockchain, and AI-based technology. It provides a platform for connecting patients and healthcare providers to local and global expert radiologists on-demand. The startup’s technology enables accessing reports from anywhere, at any time. It creates solutions that democratize access to healthcare, enabling patients, physicians, and providers.
Medified offers Mental Health Monitoring
Finnish startup Medified provides cloud-based dynamic mental health monitoring software. The software as a service (SaaS) platform aids physicians to monitor patients in real-time, helping patients get the right treatment faster and more efficiently. The software analyzes clinical data and provides valuable clinical insights, enabling remote, digital healthcare services with an interactive dashboard. It allows patients to capture and communicate daily mood and well-being to provide healthcare professionals with self-treatment information in real-time.
Genomics Vendors
Allelica performs Genomic Risk Prediction
Italian startup Allelica predicts human traits and diseases based on genomics data. The startup’s proprietary platform performs genomic risk prediction based on polygenic risk scores (PRSs). Allelica’s technology uses machine learning algorithms to accelerate clinical genomics for applications in precision medicine. The startup’s solution identifies individuals with a high genetic liability for cancers and heart diseases who are unidentified by traditional risk models.
Phosphorus provides At-Home Genetic Testing
Phosphorous is a US-based startup developing an at-home genetic test. PhosphorusONE, the startup’s test, uses saliva samples to detect diseases that are caused by multiple genes. The comprehensive test uses next-generation gene-sequencing technology to analyze 375 different genes. It determines the risk of multiple diseases including heart disorders, inherited cancers, infertility, adverse drug reactions, neurodegenerative disease, and vision loss.
The healthcare industry startups outlined in this report only scratch the surface of trends that we identified during our in-depth research. Identifying new opportunities and emerging technologies to implement into your business early on goes a long way in gaining a competitive advantage. Get in touch to easily and exhaustively scout relevant technologies and startups that matter to you.