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Tracxn Research - Telemedicine Landscape Report, August 2016

Over 100 telemedicine companies have been founded each year since 2013, with 2014 witnessing peak founding activity for the sector.

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Tracxn Research - Telemedicine Landscape Report, August 2016

  1. 1. Telemedicine Report, August 2016 Tracxn World’s Largest Startup Research Platform 2
  2. 2. Telemedicine Report, August 20163 Contents 3 Topic Page No. Scope of Report 05 Entrepreneur Activity 07 Investment Trend 10 Who is Investing 18 Exit Outlook - IPO, Acquisitions 22 Sub Sector Analysis 25 Interesting Companies 34 Useful Links 40 Company List 43 Team & About Tracxn 220
  3. 3. Telemedicine Report, August 20164 Illustrative Sectors We Track ENTERPRISE INFRASTRUCTURE ENTERPRISE APPLICATIONS TECH FINTECH EDUCATION MOBILE SECURITY STORAGE NETWORKING MOBILITY IT OPS CLOUD INFRASTRUCTURE API MANAGEMENT BIGDATA INFRASTRUCTURE SAAS MOBILE-FIRST ENT. APPS INTELLIGENT ENT. APPS OPEN SOURCE RETAIL TECH MARKETING TECH STEALTH MODE VERTICAL SAAS HEALTH BIOPHARMA DIAGNOSTICS MEDICAL DEVICES CONSUMER HEALTHTECH FITNESS AND WELLNESS HEALTH IT TELEMEDICINE MOBILE HEALTH CONSUMER MARKETPLACES SUBSCRIPTION COMM. UBER FOR X INTERNET FIRST BRANDS FOOD TECH GROCERY TECH TRAVEL GAMING INTERNET OF THINGS 3D PRINTING BITCOIN PAYMENTS EDUCATION IT SELF LEARNING MOBILE COMMERCE MOBILE PAYMENTS
  4. 4. Telemedicine Report, August 20165 Sector overview Scope of report The report contain companies which enable consultation with physicians, doctors and specialists over telecommunication platforms. The mode of consultation includes two-way video, email, mobile devices, and other forms of telecommunications technology. Such solutions usually feature a two-way communication, with a provider at one end and a patient at the other. This report also covers companies offering services to the healthcare providers which helps them in taking advice from other providers through telemedicine. The report also includes companies which provides tele-monitoring devices and software for remotely monitoring patients, for example, elderly people, and give them feedback from providers and caregivers in real-time. It also includes enablers, technology-based solutions, which helps in implementation of telemedicine in the healthcare industry. These solutions can be a software platform, infrastructure solution or device to aid telemedicine. The report excludes distributors and suppliers of telemedicine equipment and also excludes platform to book doctor services for in-clinic visits/home visits. For funding, this report only includes venture capital/private equity funding rounds and excludes debt financing and grants/prize money unless it’s mentioned.
  5. 5. Telemedicine Report, August 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team & About Tracxn 66
  6. 6. Telemedicine Report, August 2016 55 68 84 118 149 132 17 0 32 64 96 128 160 2010 2011 2012 2013 2014 2015 2016 NumberofCompanies 7 YoY – Number of companies founded HealthTap Chunyu Yisheng Doctor On Demand Babylon health Ping An Good Doctor Call9 39Hospital HealthiestYou MD Revolution Go Lantern Avizia Easyhin Maidou Suifang ConnectHealth
  7. 7. Telemedicine Report, August 20168 Large Upcoming Sectors No. of Companies Founded Average Age No. of Companies Funded Business Model Total Funding Example 528 2012.3 180 Tele-Consultation - Patient Solutions $2.1B AmericanWell 2006, Boston 90 2008.9 42 Tele-Monitoring $442M Glooko 2010, Palo Alto 72 2009.0 31 Tech Enablers $175M SnapMD 2013, Glendale 70 2009.3 21 Tele-Consultation - Provider Solutions $34M MDAgree 2014, Annapolis
  8. 8. Telemedicine Report, August 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team & About Tracxn 99
  9. 9. Telemedicine Report, August 201610 YoY – Number of Rounds and Total Funding Note: The funding includes debt rounds also. $17M $44M $70M $109M $193M $240M $542M $503M $1.0B 5 13 29 40 55 70 113 128 70 0 28 56 84 112 140 0 240 480 720 960 1200 2008 2009 2010 2011 2012 2013 2014 2015 2016 NumberofRounds FundingAmount(inMillions) Funding Amount Number of Rounds • The funding peaked up in 2016, due to 2 funding rounds: 1) $500M funding to Ping An Good Doctor, part of China based insurance company, Ping An. 2) $183M funding to Chunyu Yisheng, a China based doctor consultation app.
  10. 10. Telemedicine Report, August 201611 YoY – Number of Rounds by Stage 25 30 35 62 63 25 10 14 22 32 46 35 2 6 7 9 7 5 0 28 56 84 112 140 2011 2012 2013 2014 2015 2016 NumberofRounds Seed Early Late
  11. 11. Telemedicine Report, August 201612 YoY – Funding by Stage $17M $11M $16M $61M $42M $23M $76M $86M $153M $183M $289M $760M $11M $88M $58M $284M $138M $220M 0 240 480 720 960 1200 2011 2012 2013 2014 2015 2016 TotalFundingAmount(inMillions) Seed Early Late
  12. 12. Telemedicine Report, August 201613 Average Ticket Size – Early Stage $0.8M $0.3M $0.6M $1.1M $0.9M $1.4M $6.6M $3.1M $4.6M $5.9M $5.1M $26.8M $11.3M $13.9M $17.3M $11.0M $14.1M $14.4M 0.0 6.0 12.0 18.0 24.0 30.0 2011 2012 2013 2014 2015 2016 FundingAmount(inMillions) Seed Series A Series B
  13. 13. Telemedicine Report, August 201614 Top investments in last one year Company Funding Amount Round Name Date Investors jk.cn Ping An Good Doctor (Shenzhen, 2014) $500M Series A May-2016 chunyuyisheng.com Chunyu Yisheng (Beijing, 2011) $183M PE Jun-2016 wlycloud.com Wly Cloud (Beijing, 2009) $35M Series A Mar-2016 Alibaba healthiestyou.com HealthiestYou (Scottsdale, 2010) $30M Series B Nov-2015 Frontier Capital babylonhealth.com Babylon health (London, 2013) $25M Series A Jan-2016 Kinnevik AB, Hoxton Ventures mdrevolution.com MD Revolution (San Diego, 2011) $23M Series C Dec-2015 Jump Capital, LLC specialistsoncall.com Specialists on Call (Reston, 2004) $20M PE Feb-2016 golantern.com Go Lantern (San Francisco, 2012) $17M Series A Feb-2016 UPMC, Mayfield, SoftTech VC, Stanford University
  14. 14. Telemedicine Report, August 201615 Top investments in last one year Company Funding Amount Round Name Date Investors vivifyhealth.com Vivify Health (Plano, 2009) $17M Series B Feb-2016 Laboratory Corporation of America, Envision Healthcare Holdings, UPMC zipnosis.com Zipnosis (Minneapolis, 2008) $17M Series A Jan-2016 Safeguard Scientifics, Ascension Ventures, HPVP, Arthur Ventures, Waterline Ventures, Omphalos Venture Partners, Fairview Health Services, Inc. easyhin.com Easyhin (Shenzhen, 2014) $15M Series B Mar-2016 Morningside Ventures, SBCVC, Hawthorn Investment, Fosun Kinzon Capital talkspace.com Talkspace (New York City, 2011) $15M Series B Jun-2016 Norwest Venture Partners, Spark Capital, Metamorphic Ventures, The time, SoftBank intouchhealth.com InTouch Technologies (Santa Barbara, 2002) $15M Series C Jun-2016 specialistsoncall.com Specialists on Call (Reston, 2004) $15M Series F Aug-2015 mindcaresolutions.com MindCare Solutions (Franklin, 2013) $13M Series A Nov-2015 avizia.com Avizia (Reston, 2013) $11M Series A Jul-2016 Blue Heron Capital, Lavrock Ventures, Middleland Capital, NextGen Angels, Waterline Ventures, Blu Venture Investors
  15. 15. Telemedicine Report, August 201616 Funnel view of Sector 21 15 31 126 268 778 0 180 360 540 720 900 M&A & IPO Late Series B Series A Funded Founded Number of Companies
  16. 16. Telemedicine Report, August 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team & About Tracxn 1717
  17. 17. Telemedicine Report, August 201618 Most Active Investors in Sector 8 6 5 5 5 4 4 4 4 4 0 2 4 5 7 9 Mohr Davidow Ventures Khosla Ventures SoftBank Synergy Life Science Partner True Ventures 406 Ventures Greylock Partners KPCB Mayfield Merck TotalNumberofCompanies iRhythm Tech Ginger.io Talkspace iRhythm Tech First Opinion Healthsense First Opinion Teladoc HealthTap Healthsense HealthTap Vida Health Sherpaa Health Ginger.io AbilTo CrowdMed Spruce Go Lantern
  18. 18. Telemedicine Report, August 201619 Where are Top Investors investing Mohr Davidow Ventures Khosla Ventures SoftBank Synergy Life Science Partner True Ventures 406 Ventures Greylock Partners KPCB Mayfield Merck Tele- Consultation HealthTap Ginger.io, Vida Health, CrowdMed Talkspace AbilTo First Opinion Teladoc Spruce HealthTap Go Lantern Tele- Monitoring iRhythm Tech iRhythm Tech Healthsense Healthsense Tech Enablers Tele- Rehabilitation Suite Solutions
  19. 19. Telemedicine Report, August 201620 Top Investor by Stage of Entry Village Capital 4 Healthbox 3 Rock Health 3 Y Combinator 3 500 Startups 2 Andreessen Horowitz 2 Brand Capital 2 Dreamit Ventures 2 Floodgate 2 Great Oaks Venture Capital 2 Khosla Ventures 2 Mohr Davidow Ventures 2 Safeguard Scientifics 2 406 Ventures 1 Acacia Venture Partners 1 Anthem 1 Asset Management Ventures 1 BCBSVP 1 BIP Opportunities Fund 1 Beringea 1 Seed Series A Series B Later Stage Ascension Ventures 2 Elron 2 First Round Capital 2 Khosla Ventures 2 Legend Capital 2 Mayfield 2 Mohr Davidow Ventures 2 Omphalos Venture Partners 2 Partech Ventures 2 S23P 2 Cambia Health Solutions 2 Trident Capital 2 Arboretum Ventures 1 Bedford Funding 1 Beringea 1 BlueRun Ventures 1 Buckhead Investment Partners 1 California HealthCare Foundation 1 Cardinal Health 1 Cardinal Partners 1
  20. 20. Telemedicine Report, August 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team & About Tracxn 2121
  21. 21. Telemedicine Report, August 201622 Top IPOs in last three years IPO Date Company Overview Funding Amount Exch:Ticker Jul-2015 teladoc.com Teladoc (Dallas, 2002) Telemedicine provider offering web and mobile based video consultations The Bank of New York Mellon Corporation, KPCB, Trident Capital, Questmark Partners, Jafco Ventures, Greenspring Associates, Cardinal Partners, HLM Venture Partners, New Capital Partners, Flag Capital Management, Icon Ventures $96.9M NYSE: TDOC
  22. 22. Telemedicine Report, August 201623 Major Acquisitions in last one year Date Company Acquirer Deal Size Overview Total Funding Jun-2016 healthiestyou.com HealthiestYou (Scottsdale, 2010) Teladoc $125M Teleconsultation service provider Frontier Capital $30M Sep-2015 caretrx.com CareTRx (Cambridge, 2012) Teva Pharma Undisclosed Mobile app and sensor to manage asthma through gamification Blue Cross Blue Shield of Massachusetts $50K May-2015 myameridoc.com AmeriDoc (Dallas, 2008) Teladoc $17.2M Video, voice and mail based medical consultation with the physicians May-2015 vrad.com vRad (Eden Prairie, 2001) Mednax $500M Provides radiology informatics solutions and teleradiology services
  23. 23. Telemedicine Report, August 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team & About Tracxn 2424
  24. 24. Telemedicine Report, August 201625 TELE-MONITORING August 2016Tracxn BlueBox : Telemedicine Cumulative funding in the sector 750+ companies in the sector, 250+ funded in last 5 years, $1.5B invested in 2015/16 Most Active Investors: Rock Health, Healthbox, Warburg Pincus Practice Area: Health - Consumer | Analyst: Chaitanya Ostwal | Twitter: @chaitanya TELE-CONSULTATION Patient Solutions Provider Solutions Consultation Solutions Teladoc (2002, IPO) Tele-Pharmacy DrFox (2009) Service Providers Telemedicine Clinic (2002, $10M) TECH ENABLERS$424M$2B $166M Devices BL Healthcare (2001, $5M) Platform Technologies InTouch Technologies (2002, $64M) Suite GlobalMed (2002, $856K) SUITE SOLUTIONS $120K Elite Compound Rx (2014) Devices Elderly Care Healthsense (2001, $33M) Cardiovascular iRhythmTechnologies (2006, $95M) Multi-Speciality Sentrian (2012, $20M) Chronic Disease Management Glooko (2010, $28M) Software Solutions MD Revolution (2011, $34M) TELE-REHABILITATION Pursuant Health (2007, $29M) $30M
  25. 25. Telemedicine Report, August 201626 Top Business Models by Funding $2.1B $424M $169M $30M 0 500 1000 1500 2000 2500 Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation TotalFundingAmount(inMillions) # Cos. 602 90 72 11 Avg. Age 2011.95 2008.87 2008.96 2009.91 Ping An Good Doctor iRhythm Tech InTouch Technologies Pursuant Health Chunyu Yisheng Watermark Medical REACH Health Real Time Rehab
  26. 26. Telemedicine Report, August 201627 Tele-Consultation – Business Model Description Solutions that enable interaction of patients with healthcare providers over any electronic medium Patient Solutions Products & services targeted at patients and sold directly or through employer/payer Provider Solutions Products & services targeted at healthcare providers
  27. 27. Telemedicine Report, August 201628 Tele-Consultation – Entrepreneur Activity and Investment Trend $10M $31M $22M $73M $122M $121M $442M $357M 2 8 12 24 30 44 78 94 0 20 40 60 80 100 0 100 200 300 400 500 2008 2009 2010 2011 2012 2013 2014 2015 NumberofRounds FundingAmount(inMillions) YoY – Total Funding and No. of Rounds 15 16 39 56 66 91 124 121 0 28 56 84 112 140 2008 2009 2010 2011 2012 2013 2014 2015 NumberofCompaniesFounded YoY – No. of Companies Founded 288 141 35 35 8 7 6 6 0 70 140 210 280 350 United States India China United Kingdom Canada Indonesia Australia Brazil NumberofCompanies Distribution of Companies across Countries
  28. 28. Telemedicine Report, August 201629 Tele-Consultation – Most Funded Companies Company Overview Business Model Funding Amount jk.cn Ping An Good Doctor (2014, Shenzhen) Online platform to consult doctors remotely Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $500M chunyuyisheng.com Chunyu Yisheng (2011, Beijing) Doctor Consultation App BlueRun Ventures, CICC, ICH Group Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $244M specialistsoncall.com Specialists on Call (2004, Reston) Web based video consultation for TeleNeurology, TelePsychiatry and TeleIntensivist Warburg Pincus Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $132M americanwell.com American Well (2006, Boston) Telehealth platform that connects users with doctors over video feed Inventure Partners, Anthem, Jefferson Healthcare Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $123.15M teladoc.com Teladoc (2002, Dallas) Telemedicine provider offering web and mobile based video consultations The Bank Of New York Mellon Corporation, KPCB, Trident Capital, Questmark Partners, Jafco Ventures, Greenspring Associates, Cardinal Partners, HLM Venture Partners, New Capital Partners, Flag Capital Management, Icon Ventures Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $96.9M doctorondemand.com Doctor On Demand (2012, San Francisco) Remote video consultations with US-licensed physicians Andreessen Horowitz, Qualcomm, Lerer Hippeau Ventures, Qualcomm Ventures, Shasta Ventures, TomorrowVentures, Venrock, Google Ventures, Rock Health, Tenaya Capital, Jump Capital partners, Dignity Health, World Innovation Lab, Sherpa Capital, Lerer Hippeau Ventures, Rosemark, Jump Capital Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $86.7M
  29. 29. Telemedicine Report, August 201630 Tele-Monitoring - Business Model Description Solutions which enable healthcare providers to remotely monitor their patients using monitoring devices at home Devices Software Solutions Hardware Solutions which let healthcare providers monitor the patient's situation in real-time Hardware Solutions which let healthcare providers monitor the patient's situation in real-time
  30. 30. Telemedicine Report, August 201631 Tele-Monitoring – Entrepreneur Activity and Investment Trend $1M $10M $31M $16M $53M $99M $80M $105M 1 3 11 8 16 20 18 17 0 5 10 15 20 25 0 24 48 72 96 120 2008 2009 2010 2011 2012 2013 2014 2015 NumberofRounds FundingAmount(inMillions) YoY – Total Funding and No. of Rounds $346M $78M 0 80 160 240 320 400 Devices Software Solutions FundingAmount(inMillions) BM wise Investment 6 7 10 7 9 13 9 5 0 3 6 8 11 14 2008 2009 2010 2011 2012 2013 2014 2015 NumberofCompaniesFounded YoY – No. of Companies Founded 59 5 4 3 2 2 2 2 0 14 28 42 56 70 United States United Kingdom Netherlands Canada Denmark Israel Italy Singapore NumberofCompanies Distribution of Companies across Countries
  31. 31. Telemedicine Report, August 201632 Tele-Monitoring – Most Funded Companies Company Overview Business Model Funding Amount irhythmtech.com iRhythm Tech (2006, San Francisco) Cardiac rhythm monitoring devices Stanford University, Norwest Venture Partners, Mohr Davidow Ventures, California HealthCare Foundation, New Leaf Ventures, Kaiser Permanente Ventures, Novo A/S, Synergy Life Science Partner Tele-Monitoring > Devices > Cardiovascular $95.49M watermarkmedical.com Watermark Medical (2008, Boca Raton) Home sleep testing Yet2ventures, Ballast Point Ventures Tele-Monitoring > Devices $52.64M mdrevolution.com MD Revolution (2011, San Diego) SaaS based predicitive analytics platform for patient engagement and outcomes improvement Bootstrap Incubation, Jump Capital, LLC, Jump Capital Tele-Monitoring > Software Solutions $33.6M healthsense.com Healthsense (2001, Mendota) Remote monitoring, emergency call, and wellness management solutions 406 Ventures, Merck, Radius Ventures, Ziegler, Mansa Capital, fchp.org, West Health Tele-Monitoring > Devices > Elderly Care $32.75M glooko.com Glooko (2010, Palo Alto) Glucose meter and mobile app for diabetes management Canaan Partners, S23P, Medtronic, Samsung Venture Investment, Canaan, Social Capital Tele-Monitoring > Devices > Chronic Disease Management $28M infobionic.com InfoBionic (2011, Lowell) Wireless remote patient monitoring system for arrhythmia detection The Indus Entrepreneurs, Keiretsu Forum, Safeguard Scientifics, Launchpad Venture Group, HealthTech Capital, Excel Venture Management, Mass Medical Angels, Cherrystone Angel Group, Broadview Ventures, Boynton Angels, TCA Global Fund, Zaffre, betafund.wordpress.com Tele-Monitoring > Devices > Cardiovascular $25.97M
  32. 32. Telemedicine Report, August 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team & About Tracxn 3333
  33. 33. Telemedicine Report, August 201634 Interesting Series A Companies Company Overview Business Model Total Funding jk.cn Ping An Good Doctor (2014, Shenzhen) Online platform to consult doctors remotely Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $500M wlycloud.com Wly Cloud (2009, Beijing) Cloud-based medical imaging storage and tele-medicine service Alibaba Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $34.5M sentrian.com Sentrian (2012, Aliso Viejo) Remote patient intelligence company TELUS, Tech Coast Angels, Frost Data Capital, REV Tele-Monitoring > Devices > Multi-Speciality $12M lybrate.com Lybrate (2012, Delhi) Online multispecialty telemedicine platform Nexus Venture Partners, Tiger Global Management Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $11.43M firstopinionapp.com First Opinion (2013, San Francisco) Mobile application for pregnancy queries Greylock Partners, 500 Startups, Felicis Ventures, True Ventures, Polaris Partners, Promus Ventures, Scrum Ventures, Monashees+, Scrum Ventures Tele-Consultation > Patient Solutions > Consultation Solutions > Women's Health $8.6M welcomecure.com WelcomeCure (2014, Mumbai) Online Homeopathic Tele-Consultation Platform The Times Group Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $6M cirrusmd.com CirrusMD (2012, Denver) Mobile Physician access though rich messaging and video chat Sand Hill Angels, New York Angels, Velocity Venture Capital, boulderbiomed.com, Rockies Venture Club, Three Leaf Ventures Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $3.55M Curated list of companies by the sector analyst are defined as Interesting
  34. 34. Telemedicine Report, August 201635 Interesting Series A Companies Company Overview Business Model Total Funding doctorondemand.com Doctor On Demand (2012, San Francisco) Remote video consultations with US-licensed physicians Andreessen Horowitz, Qualcomm, Lerer Hippeau Ventures, Qualcomm Ventures, Shasta Ventures, TomorrowVentures, Venrock, Google Ventures, Rock Health, Tenaya Capital, Jump Capital partners, Dignity Health, World Innovation Lab, Sherpa Capital, Lerer Hippeau Ventures, Rosemark, Jump Capital Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $86.7M healthtap.com HealthTap (2010, Palo Alto) Tech-enabled Q&A and video consultation platform for patients and doctors Khosla Ventures, Mayfield, Mohr Davidow Ventures, Tugboat Ventures, Innovation Endeavors, Great Oaks Venture Capital, Asset Management Ventures Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $37.85M healthiestyou.com HealthiestYou (2010, Scottsdale) Teleconsultation service provider Frontier Capital Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $30M ginger.io Ginger.io (2011, Cambridge) A behavior analytics company aiding people to cope depression Khosla Ventures, True Ventures, Kapor Capital, Eniac Ventures, Romulus Capital, LaunchCapital, Techstars, Rock Health, Kaiser Permanente Ventures, Eniac Ventures Tele-Consultation > Patient Solutions > Consultation Solutions > Behavioral Health $28.2M talkspace.com Talkspace (2011, New York City) Online Counseling and Therapy Metamorphic Ventures, Norwest Venture Partners, Spark Capital, SoftBank, The time, Elevator Fund Tele-Consultation > Patient Solutions > Consultation Solutions > Behavioral Health $28M
  35. 35. Telemedicine Report, August 201636 Interesting Series A Companies Company Overview Business Model Total Funding glooko.com Glooko (2010, Palo Alto) Glucose meter and mobile app for diabetes management Canaan Partners, S23P, Medtronic, Samsung Venture Investment, Canaan, Social Capital Tele-Monitoring > Devices > Chronic Disease Management $28M y Sense.ly (2013, San Francisco) Platform for doctors for disease management of their chronic patients, post- discharge. Fenox Venture Capital, Alchemist Accelerator, Launchpad Digital Health, Eastlink Capital, TA Ventures Tele-Monitoring > Software Solutions $3.48M rekahealth.com REKA Health (2011, Singapore) Mobile health technology products and services Tembusu Partners Tele-Monitoring > Devices > Cardiovascular $3.2M saluspot.com Saluspot (2011, Madrid) Interactive community of physicians and users Vitamina K, Fundacion Jose Manuel Entrecanales Tele-Consultation > Patient Solutions > Consultation Solutions > Multi-Speciality $1.3M
  36. 36. Telemedicine Report, August 201637 Interesting Late Stage Companies Company Overview Business Model Total Funding chunyuyisheng.com Chunyu Yisheng (2011, Beijing) Doctor Consultation App BlueRun Ventures, CICC, ICH Group Tele-Consultation > Patient Solutions > Consultation Solutions > Multi- Speciality $244M specialistsoncall.com Specialists on Call (2004, Reston) Web based video consultation for TeleNeurology, TelePsychiatry and TeleIntensivist Warburg Pincus Tele-Consultation > Patient Solutions > Consultation Solutions > Multi- Speciality $132M americanwell.com American Well (2006, Boston) Telehealth platform that connects users with doctors over video feed Inventure Partners, Anthem, Jefferson Healthcare Tele-Consultation > Patient Solutions > Consultation Solutions > Multi- Speciality $123.15M irhythmtech.com iRhythm Tech (2006, San Francisco) Cardiac rhythm monitoring devices Stanford University, Norwest Venture Partners, Mohr Davidow Ventures, California HealthCare Foundation, New Leaf Ventures, Kaiser Permanente Ventures, Novo A/S, Synergy Life Science Partner Tele-Monitoring > Devices > Cardiovascular $95.49M mdlive.com MD Live (2009, Sunrise) On-demand telemedicine services Heritage Group, Bedford Funding, Kayne Anderson Capital Advisors, Sutter Health Tele-Consultation > Patient Solutions > Consultation Solutions > Multi- Speciality $73.6M mdrevolution.com MD Revolution (2011, San Diego) SaaS based predicitive analytics platform for patient engagement and outcomes improvement Bootstrap Incubation, Jump Capital, LLC, Jump Capital Tele-Monitoring > Software Solutions $33.6M abilto.com AbilTo (2008, New York City) Online personalized coaching and cognitive behavioral therapy for chronic disease patients 406 Ventures, Sandbox Industries, BCBSVP, HLM Venture Partners Tele-Consultation > Patient Solutions > Consultation Solutions > Chronic Disease Management $21M
  37. 37. Telemedicine Report, August 201638 Top Funded Deadpooled Companies Company Overview Business Model Total Funding sentimed.com Sentimed (2010, Boucherville) Integrated telemonitoring and remote medical assistance ERP Tele-Monitoring > Devices > Elderly Care $500k novimedicine.com NoviMedicine (2011, California) A virtual office visit platform for dermatology Rock Health Tele-Consultation > Patient Solutions > Consultation Solutions > Dermatology $20k
  38. 38. Telemedicine Report, August 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team & About Tracxn 3939
  39. 39. Telemedicine Report, August 201640 Useful Links Slide Title Content Platform Link List of All Companies in readable format Companies Link Large Upcoming Sectors Entrepreneur Activity Link Top investments in last one year Investment Trend Link Top IPOs in last three years Exit Outlook - IPO, Acquisitions Link Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link Tele-Consultation – Most Funded Companies Sub Sector Understand Link Tele-Monitoring – Most Funded Companies Sub Sector Understand Link Top Funded Deadpooled Companies Companies Link
  40. 40. Telemedicine Report, August 2016 Join over 150+ Venture Funds and Corporates who leverage Tracxn 41 |Scout interesting companies across your areas of interest |Regular updates on interesting sectors and business models |Custom deal diligence support Request Demo
  41. 41. Telemedicine Report, August 2016 Scope of Report Entrepreneur Activity Investment Trend Who is Investing Exit Outlook - IPO, Acquisitions Sub Sector Analysis Interesting Companies Useful Links Company List Team & About Tracxn 4242
  42. 42. Telemedicine Report, August 201643 Telemedicine – Company List COVERS THE FOLLOWING SECTORS Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions
  43. 43. Telemedicine Report, August 201644 Tele-Consultation (1/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Yisuizhen [Beijing, 2014]: Yisuizhen is a telemedicine application which enables doctor-patient communication channel for treatments outside of the hospital. Claims to have many patents and software copyrights. It is majorly used for follow ups. It also has features such as mobile electronic medical records, ontology modeling, data sorting technology etc. $3.2M US Telcare [Columbia, 2012]: US Telcare is a telehealth service provider. It provides access to across US-based board certified physicians through phone or video consultations, email, or mobile app. Provides a cloud-based telehealth solution that provides patients access healthcare providers and offers a new revenue source for providers. Also provides its services to employers, health plans, and state governments. Seems to have stopped operations. Dare Your Body [Cairo, 2015]: Dare Your Body links patients to their doctors to create and share a fitness session remotely through video conferencing. It leverages tele-medicine & crowd-sourcing trends to offer a platform where dietitians & nutritionists meet patients through a video call visit. A specialist creates a profile and adds availability according to his/her schedule & patients choose the doctor according to profile & previous ratings and book the slot. telmedx [San Diego, 2012]: Telmedx mobile telemedicine platform, a doctor can remotely examine a patient in high resolution on a Web browser with live medical-grade video and high-resolution still photos. By remotely managing care from any location, healthcare providers can reduce preventable readmissions and avoid unnecessary emergency room visits. Traveling nurses use this platform to keep patients in skilled nursing facilities and out of hospitals, and also to provide rural health care to patients living in remote areas far from medical facilities. Patient Solutions Ping An Good Doctor [Shenzhen, 2014]: Ping An Good Doctor is an online platform for patients to consult doctors remotely over the app. Part of Ping An Group which is one of the leading insurance providers in China. Has more than 30 million registered users in China and the daily consultations are around 50k. Patients can interact over video chat/ QQ chat. $500M
  44. 44. Telemedicine Report, August 201645 Tele-Consultation (2/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Chunyu Yisheng [Beijing, 2011]: Smartphone open marketplace app that lets users remotely consult with physicians to diagnose their ailments. Offers in-app chats and phone calls with real doctors, value- added services (private consultations, appointment booking) at a premium. Price depends on the doctor, and the revenue is split between the doctors and Chunyu. As of Aug 2014, has 30 million active users consulting with 40,000 online doctors about 50,000 daily health issues. Raised Series C of $50M in Aug 2014, making it the biggest funding round into a Chinese healthcare startup. $244M BlueRun Ventures, CICC, ICH Group Patient Solutions Specialists on Call [Reston, 2004]: Specialists On Call (SOC) offers web-based video consultation for TeleNeurology, TelePsychiatry and TeleIntensivist. It provides urban, suburban and rural hospitals nationwide with immediate 24/7 access to board certified specialists with emergency telemedicine consultations. SOC claims to provide over 340 hospitals across USA, including hospital systems such as Vanguard Health Systems, HCA, Inc. and Tenet. The company is HIPAA and HITECH compliant data as well as image management. Healthcare Corporation and to have delivered more than 160,000 consultations. $132M Warburg Pincus Patient Solutions American Well [Boston, 2006]: American Well is a telehealth services company that offers web and mobile platform connects patients and clinicians for live visits through video, supplemented by secure text chat and phone. Telehealth Mobile Software Development Kit (SDK) lets hospitals, retailers, health plans, or medical publishers embed telehealth directly into their own apps, under their brand, .American Well to exhibited SDK capabilities at HIMSS16 in Las Vegas. New version 9 of company’s enterprise telehealth solution lets patients and providers invite additional participants to a live, video visit in real-time. AW9 also introduces patient self-scheduling and the Sidekick photo app for sharing of medical images and information during provider-to-provider video consults. $123.15M Inventure Partners, Anthem, Jefferson Healthcare Patient Solutions Teladoc [Dallas, 2002]: Teladoc is a provider of telehealth services. The company claims to have more than 14 million members nationwide and an average response time of 22 minutes. It enables access to medical care via videoconferencing or telephone consultations. Currently, the per visit fee is $40. Teladoc acquired StatDoc (June'2015), AmeriDoc (May'2014) & Consult A Doctor (Sept'2013). Reports 300K visits in 2014. Customer include Starbucks, Dell, BP, TD Bank, Merck, DuPont, Marriot, Sprint, Panasonic and Mercedes-Benz etc. They also launched with hospital systems including Meridian Health in New Jersey, North Shore LIJ in New York, and a Medicare Advantage population in Nevada. $96.9M THE BANK OF NEW YORK MELLON CORPORATION, KPCB, Trident Capital, Questmark Partners, Jafco Ventures, Greenspring Associates, Cardinal Partners, HLM Venture Partners, New Capital Partners, Flag Capital Management, Icon Ventures
  45. 45. Telemedicine Report, August 201646 Tele-Consultation (3/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Doctor On Demand [San Francisco, 2012]: Doctor on Demand is a platform that connects doctors to patients for providing virtual house-call services on a pay-per-use basis. Patients can video chat with a US-Licensed physician on mobile apps on iOS or Android platforms. DoD provides customers one-on- one sessions with physicians either through an individual account or through employer partnerships. It has 200+ employers as its customers. Launched in Dec 2013, the service is available for a price of $40 per video call. $86.7M Andreessen Horowitz, Qualcomm, Lerer Hippeau Ventures, Qualcomm Ventures, Shasta Ventures, TomorrowVentures, Venrock, Google Ventures, Rock Health, Tenaya Capital, Jump Capital partners, Dignity Health, World Innovation Lab, Sherpa Capital, Lerer Hippeau Ventures, Rosemark, Jump Capital Patient Solutions MD Live [Sunrise, 2009]: MDLIVE, is a telehealth provider offering 24/7 anytime, anywhere consultations from a nationwide network of Board Certified doctors and licensed therapists. Their cloud-based platform enables patients, medical professionals and plan administrators to collaborate securely via voice, video, email and mobile devices. Costs $49 per consultation, also offers monthly plans. Also, can be accessed by users who are provided MDLIVE benefit by an employer or health plan. MDLive acquired online therapy provider Breakthrough in 2013. Walgreens partnered with MDLive to offer 24/7 access to doctors at their centers. $73.6M Heritage Group, Bedford Funding, Kayne Anderson Capital Advisors, Sutter Health Patient Solutions Best Doctors [Boston, 1989]: Best Doctors provides access to the medical experts and treating physicians to have a better diagnosis. Its gives people immediate access to doctors and it also has a review system which helps them to find out the best doctors for his requirements. They also collect case records from the patients, images and test samples. Their service offering in US are InterConsultation, Find a Best Doctor, Ask the Expert, Explore My Options and Critical Care InterConsultation. $65.5M Eastward Capital Partners, Brown Brothers Harriman, Psilos, Schooner Capital Patient Solutions HealthTap [Palo Alto, 2010]: HealthTap provides a mobile and web platform for patients to connect with its digital community of doctors to get answers for any of their health questions. Other services include its Concierge program, which helps patients connect with their personal doctors; RateRx program, where doctors rate and review certain medications. Claims to have association with 70K+ doctors, with 7.5 million unique visitors every month, and to have more than 1Bn+ questions answered on its platform. Offering membership plan Prime at $99 PM that provides unlimited on-demand consultations. $37.85M Khosla Ventures, Mayfield, Mohr Davidow Ventures, Tugboat Ventures, Innovation Endeavors, Great Oaks Venture Capital, Asset Management Ventures
  46. 46. Telemedicine Report, August 201647 Tele-Consultation (4/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Wly Cloud [Beijing, 2009]: Wly Cloud provides cloud-based storage for medical and health images. It provides a platform for patients and doctors to upload and access medical records. Also offers tele- medicine services on top of medical records for patients to seek consultation from doctors remotely. $34.5M Alibaba Patient Solutions Qliance [Seattle, 2006]: Qliance telemedicine is an offering by Qliance medical management company. It connects with a live provider. The Qliance membership includes telemedicine at no additional cost. Qliance telemedicine provides: virtual visits via phone; follow-up care coordination; prescriptions filled at local pharmacy; visit summary to you and the primary care provider. $31.15M Bezos Expeditions, Cambia Health Solutions, Second Avenue Partners, MSD Capital, New Atlantic Ventures Patient Solutions HealthiestYou [Scottsdale, 2010]: Healthiest You provides doctor appointment booking, telemedicine, wellness, price comparison of drugs and medical procedures, and health plan information in a single platform. The platform claims to provide 24x7 access to a network of 2300 doctors and also having added over 4000 employer groups to its roster of organizations in one quarter. Raised $30M from Frontier Capital in Nov'15. $30M Frontier Capital Patient Solutions Ginger.io [Cambridge, 2011]: Ginger.io is a behavior analytics company and a spinoff of the MIT Media Lab. The platform uses machine learning and data collected from smartphone & self-reported surveys to identify trends in a patient’s health and wellness. It monitors users' mental health based on their voice intonation and calling behaviour. Provides user a coach which makes a therapy plan and check user's compliance. Also, connects users with the therapist when the patient trends toward a negative health outcome. The platform itself shares the insights with healthcare providers who can step in when it matters and care teams (such as spouses or family members). $28.2M Khosla Ventures, True Ventures, Kapor Capital, Eniac Ventures, Romulus Capital, LaunchCapital, Techstars, Rock Health, Kaiser Permanente Ventures, Eniac Ventures Patient Solutions Talkspace [New York City, 2011]: Talkspace is a web and mobile app that connects patients with licensed therapists. Users can chat with a therapist at any time of the day, with unlimited messaging for the flat $25/week fee. It allows users to stay anonymous. Talkspace claims to have over 200 therapists on the platform with around 70,000 members since its launch in Dec 2014. In May 2015, Talkspace, announced a partnership with IBM Watson to leverage its cognitive computing engine in order to improve the delivery of mental health treatment. $28M Metamorphic Ventures, Norwest Venture Partners, Spark Capital, SoftBank, The time, Elevator Fund
  47. 47. Telemedicine Report, August 201648 Tele-Consultation (5/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Easyhin [Shenzhen, 2014]: Easyhin is a mobile app through which consumers can ask questions on maternity and parenting to doctors of qualified Obstetrics and Gynecology Hospitals. $27.02M Morningside Ventures, SBCVC, Fosun Kinzon Capital, Hawthorn Investment Patient Solutions CarenaMD [Seattle, 2000]: Carena is a telemedicine company that offers web and mobile app-based video consultation with the doctor. It partners with health systems to create virtual online clinics to deliver medical care. Carena’s telemedicine solutions combine the evidence-based medicine with 24/7 access to board-certified clinicians. Health systems can either use Carena bank of providers for their virtual clinic, or they can choose to staff the clinic with their own providers. $26.94M Cambia Health Solutions, Catholic Health Initiatives, Martin Ventures, McKesson Ventures, McKesson Ventures Patient Solutions Babylon health [London, 2013]: Babylon is an integrated digital healthcare system. It provides consultations with doctors, extensive Q&A, monitoring and diagnostics, one-tap appointment booking and prescription delivery, and secure access to clinical records. The app was launched on April 25th 2014. It has established partnerships with insurers like BUPA and Aviva. Some of its corporate clients include Kellogg's, Linkedin, MasterCard, Palantir and Xerox. The services can be availed as pay-per-use or on a subscription basis. $25M Kinnevik AB, Hoxton Ventures, JamJar Investments Patient Solutions HealthSpot [Dublin, 2010]: HealthSpot's stations provide connection with local medical community and video consultations, along with streaming biomedical information. Patients have a choice to take an appointment or directly walk into the kiosk. Raised undisclosed sum from Xerox in 2014, to combine its software platform with Xerox’s business process services expertise. Offering hours beyond a regular doctor's office, charges are covered either by insurance or by $49 pay. Connected with Cleveland Clinic, Kettering Health Network, University Hospitals, Rainbow Babies & Children's Hospital. $22.58M Early Stage Partners, Cardinal Health Patient Solutions Go Lantern [San Francisco, 2012]: Previously ThriveOn, Lantern is a web and mobile based app which is used to help people facing mental issues. Programs come from a psychological approach - cognitive behavioral therapy (CBT). It addresses specific mental health challenges with hands-on exercises, practical strategies, and real-time tracking of feelings, thoughts and behaviors. It has received a $4 million federal grant to develop a new platform and test it out at 30 universities. The State of Missouri bought the platform to use at all public universities in the state. $21.4M Stanford University, Mayfield, SoftTech VC, Rock Health, UPMC, NIMH
  48. 48. Telemedicine Report, August 201649 Tele-Consultation (6/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions AbilTo [New York City, 2008]: AbilTo provides an online program for chronic disease patients, to enhance lifestyle and recover from chronic conditions. Patients connect with AbilTo's therapists and behavior coaches, via online video chat or telephone, during the eight-week evidence-based behavior change programs. Currently available through health plans. In Nov'15, Horizon Blue Cross Blue Shield of New Jersey collaborated with AbilTo to offer telehealth therapy services. $21M 406 Ventures, Sandbox Industries, BCBSVP, HLM Venture Partners Patient Solutions Zipnosis [Minneapolis, 2008]: Zipnosis platform allows the customers to get diagnosed and treated for minor health problems using a computer or smartphone. Platform offers online treatment and triage of simple acute medical conditions. It costs $25 USD to avail services from Zipnosis. For the conditions such as acne, influenza, ringworm, Zipnosis offers online consultation after an automated interview of questions followed by a call from the physician. The company claims to provide diagnosis and treatment plan within an hour. It also provides an option of redirecting the prescriptions to a pharmacy of customer's choice. $18.76M Arthur Ventures, Safeguard Scientifics, HPVP, Fairview Health Services, Inc., Omphalos Venture Partners, Ascension Ventures, Waterline Ventures Patient Solutions Spruce [San Francisco, 2013]: Spruce is a virtual health clinic, connecting patients with board-certified physicians for the remote diagnosis and treatment of common medical conditions. Beginning with the comprehensive treatment of acne by board-certified dermatologists, Spruce is backed by Kleiner Perkins Caufield & Byers and other top silicon valley investors and advisors and based in San Francisco, CA.Charges include $40 per patient consultation. $17M KPCB, GV, Cowboy Ventures, Baseline Ventures Patient Solutions Tyto Care [Netanya, 2011]: Tyto care is a mobile-health platform and device, allowing anyone to perform self physical examination, remote diagnosis and consultation with a physician. Tyto Care's solution combines a handheld device and online communication platform designed to allow seamless interaction between patients and clinicians over the web. The Tyto Care Platform supports both an online examination managed remotely by a clinician, as well as a store-and-forward examination guided by the Tyto Care device itself. $16.5M Walgreens, Orbimed, Cambia Health Solutions, Lionbird, Fosun Pharmaceutical, Teuza
  49. 49. Telemedicine Report, August 201650 Tele-Consultation (7/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Qingpingguo [Shanghai, 2013]: Qingpingguo is a telemedicine application which is used to help patients resolve the medical issues using telephone based counseling by making phone calls and sending messages. It also enables users to share photos with the doctor. It claims to provide online for dispensing services and helps users to make an appointment with their doctor. It has raised Series B round of funding on 1st February 2016. The company previously received angel investment from angel investor Wang Gang and Zhu Xiaohu, who have previously backed Didi Dache and Ele.me $15M GSR Ventures, GSR Ventures, DT Capital Partners Patient Solutions CareCam Health Systems [Conshohocken, 2005]: CareCam Health Systems developed vHealth, that utilizes smartphone video to engage and empower patients in self care. The solution is comprised of three parts: 1) vComply which enables patients to record videos of their care plan compliance activities 2) vLearning which provides curated and personalized video content for patients to learn more about their condition 3) vAssessment which allows providers to view patient recorded videos of their physical condition to detect symptoms. vHealth is a HIPAA compliant system. $12.8M Arthur Ventures, seventysixcapital, SCRA Patient Solutions MindCare Solutions [Franklin, 2013]: MindCare focuses on providing behavioral health care services to nursing homes, chronically ill patients and veterans through telemedicine. The company which integrates telemedicine, behavioral health strategies and data analysis to provide comprehensive telecounselling services. $12.76M MedCare Investment Funds Patient Solutions VisMedic [Belgrade, 2012]: VisMedic is a web-based telemedicine platform that allows patients to use video conferencing to consult with doctors for information, advice or second opinion. VisMedic enlists the medical expertise of specialist physicians and allows patients to manage their personal health records on the platform. Patients can select the doctor of their choice from the platform and make an online payment. Thereafter, an email with a link for video conferencing will be sent. The company has partnered with insurance partner AXA and hospitals like Bel Medic. $12M Patient Solutions Lybrate [Delhi, 2012]: Lybrate offers an online multispecialty telemedicine platform for patients to consult with doctors over video call. Users can search the doctor based on their specialization, rating, and reviews and book an appointment for video consultation. Also offers appointment booking for physical visit to the doctor. Claims ot have 90K+ verified doctors on the platform as of May 2016. It has Raised $10 million in Series A funding from Tiger Global, Ratan Tata and existing investor Nexus Venture Partners in July 2015. $11.43M Nexus Venture Partners, Tiger Global Management
  50. 50. Telemedicine Report, August 201651 Tele-Consultation (8/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Anhao [Beijing, 2014]: Anhao is a mobile telemedicine application. It provides both user and doctor side applications. Users can engage with the doctors regarding any health related queries. The app for doctors helps doctors provide health education to community residents and monitor patients with chronic diseases. Also allows doctors to transfer the patient to another doctor for consultation. It also provides inter-hospital information systems, pharmacy information, maintaining patient health record etc. Plans to include insurance service and medical device retail on the platform. It has raised Series A round of funding in April 2016. $10.79M Capital Nuts, Longling Capital Patient Solutions Call9 [Palo Alto, 2015]: Call9 is an app based platform for on demand telemedicine services. Call9's emergency trained physicians deliver comprehensive care at the bedside, preventing hospitalizations, excessive costs from the ER and lost revenue. Founded by Harvard and Stanford-trained physicians and engineers. $10.12M Y Combinator, Index Ventures, Kapor Capital, FundersClub, Great Oaks Venture Capital, Moment Ventures Patient Solutions Fengxinzi [Beijing, 2014]: Fengxinzi is a mobile based telemedicine application which enables its users to consult with obstetricians and gynecologists on pregnancy related issues. Users can consult using text messages, phone calls, and video lectures and can interact with each other and share information about pregnancy. It has raised Series A and seed round of funding from TBP Capital. $10M Patient Solutions IAGNOSIS [Pittsburgh, 2012]: Iagnosis, developed a product DermatologistOnCall that offer tele- dermatology services. Patients can consult any board certified physicians by sharing across the pictures. Each consultation costs around $49. In addition Iagnosis offers 'Oncall' for private labeling to physicians, healthcare groups to provide turnkey solutions for virtual consultations $9.98M Patient Solutions Push Doctor [Birmingham, 2013]: Push Doctors is an online mobile or web-based platform which allows users to consult a general physician via video. The user can book an appointment for an online consultation or can have on-demand consultation at companies working hour. Provides online prescription & referral. Also, do home delivery of prescription at a service charge of 4.5 Euros and charges 12.5 Euros for a referral. The video consultation costs 25 Euros for 10 minutes of consultation, and additional 15 Euros for extending consultation by another 10 minutes. $9.4M Partech Ventures, Oxford Capital, Draper Esprit
  51. 51. Telemedicine Report, August 201652 Tele-Consultation (9/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions MinDoktor [Malmo, 2013]: MinDoktor is a telemedicine platform for patients which provides online access to registered doctors through video consultations. The patient registers on the platform and describes their symptoms. The patient can then access the services of a doctor through call, text or video and have an online consultation. It offers consultations for ENT, skin, gastro-intestinal and other acute conditions. The company claims to have a turn around time of 1 hour and employs 25 doctors. It also claims to have completed 10,000 consultations. Angel investors include the founders of Avito and Kappahls former CEO. $9.13M EQT Ventures Patient Solutions StatDoctors [Scottsdale, 2001]: StatDoctors, uses a network of U.S. board-certified emergency medicine physicians that are always available for virtual consultations. Patients can reach out to the doctors online, via mobile device or via phone. STAT DOCTORS was founded by emergency physicians to offer patients direct access to urgent care. It is reported in Jun'2015 that, Teladoc acquired StatDoctors for an undisclosed sum. $8.99M Patient Solutions RetraceHealth [Minneapolis, 2011]: RetraceHealth is an online platform and service that allows users to book doctors online for home visit. Also provides HIPAA-compliant video based telemedicine platform. Also provides testing service for high blood pressure, diabetes, cholesterol, etc. Charges a service based fee along with a monthly subscription fee. $8.98M Lemhi Ventures, Blue Cross and Blue Shield of Minnesota, HealthEast, McKesson Ventures Patient Solutions First Opinion [San Francisco, 2013]: First Opinion offers an iPhone mobile application that allows users to text a doctor anytime. It is mainly built for parenting queries regarding pregnancy, nutrition and child development. The app matches users with doctors with whom they can text directly and ask all their queries. The first consultation is free, but customer is charged $12 for next 3 opinions. $8.6M Greylock Partners, 500 Startups, Felicis Ventures, True Ventures, Polaris Partners, Promus Ventures, Scrum Ventures, Monashees+, Scrum Ventures Patient Solutions Icebreaker Health [San Francisco, 2014]: Icebreaker Health is a telemedicine platform that combines store-and-forward and synchronous technologies. According to the company, it provides online primary care at $15/visit in the US for acute conditions, dermatology and long term conditions including depression. Available as Android and iOS mobile app. $8.31M
  52. 52. Telemedicine Report, August 201653 Tele-Consultation (10/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Sherpaa Health [New York City, 2012]: Sherpaa provides healthcare consultancy services on health insurance and healthcare usage for companies. Sherpaa provides phone and text-based medical treatment and advice to companies’ employees. In 2014, Sherpaa claims to have taken care of 70% of clients’ medical problems in-house and lowered insurance premiums by an average of 6.5%. Sherpaa has full time physicians working to solve the customer health queries. $8.0M First Round Capital, O'Reilly AlphaTech Ventures, SV Angel, SoftBank, Draper Associates, Collaborative Fund, Draper Associates Patient Solutions Port Medical [Tokyo, 2011]: Port Medical is developing a telemedicine platform that allows chronic patients to consult a doctor online. The company claims that the platform will be more focused on partnering with governments, hospitals, and other stakeholders in the medical industry. $7.9M Mitsubishi UFJ Capital, Global Brain, Eight Roads Ventures Patient Solutions Cdfortis [Chengdu, 2014]: Cdfortis is a mobile app-based remote consultation platform for patients to connect with doctors and pharmacists. Users can opt for a phone call or a video call through the platform. Recommends local drug stores to users to buy medicines. Can also chat and interact with pharmacists over the app. The company has raised 50 million yuan from Tiantu Capital. $7.7M Tiantu Capital Patient Solutions HealthLinkNow [Sacramento, 2010]: HealthLinkNow is a network of physicians and other healthcare providers. The company integrates telemedicine, scheduling, practice management and electronic health records. It provides telepsychiatry services, online treatment for depression and online treatment for post traumatic stress disorder. It can be integrated with the healthcare workflow of hospitals, health systems, clinics and emergency departments etc. $7.7M Patient Solutions Sunnymum [Beijing, 2013]: Sunnymum is a mobile application aimed at pregnant women and parents of infants. It provides health management services and Q&A to doctors via platform. Also enables users to find nearest hospitals and clinics who can provide pregnancy, gynecology, pediatrics and other issues related treatment. It also has a doctor application which can be used to answer the queries of the patients and write pregnancy related articles. $7.6M Daoming Optics & Chemicals, Tendence Capital
  53. 53. Telemedicine Report, August 201654 Tele-Consultation (11/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions 39Hospital [Beijing, 2016]: 39Hospital is a secondary diagnosis and consultation platform for severe problems via telemedicine application. It claims to help doctors understand the patient's condition using various tools such as advanced remote audio and video communications, imaging, pathology etc. It has raised $7.4M in Series A round of funding. $7.4M IDG Capital Partners, Longmaster, Guiyang Venture Capital Patient Solutions Curology [San Diego, 2014]: Curology, formerly known as PocketDerm, is a teledermatology platform that provides prescription acne medication treatments from their own dermatologist from any smartphone or computer for a monthly fee. The prescription is based on the photo and the questionnaire that patient fills on the platform. The acne treatment prescribed is a custom compound medication. It charges a fee of $20 a month that covers consultations, irrespective of followups, and all of medication. The medication ships every 90 days by default and can be asked for faster delivery without any extra charge. $7.05M Forerunner Ventures, Sherpa Capital Patient Solutions Click Diagnostics [Lexington, 2008]: ClickDiagnostics is a mobile health social enterprise founded by international development activists from Harvard University and Massachusetts Institute of Technology (MIT). It is a mobile tele-consultation platform, with medical record analysis features enabling doctors to view patient medical history. Functional in Africa, South Asia, and the Americas, it enables patients to access better medical treatment in areas where there is little or no access to doctors. It also works with health organizations, governments, and NGOs, to collect real-time health data enabling effective health interventions. $6M Artiman, NanoDimension Management Patient Solutions WelcomeCure [Mumbai, 2014]: WelcomeCure is an online platform offering tele-consultation with homeopathic doctors. Allows patients to view profiles of doctors an choose one for submitting queries, sending case history or consultation over chat or skype. Delivers medicines to patients within 5-7 days after consultation. Offers corporate packages. 100+ doctors in panel with combined 3 Million hours of clinical practice and 7 Million patients seen in their collective practice. Raised $6M in pre-series A funding from unnamed investors. According to VCCircle, media house Bennett, Coleman and Co. Ltd. (BCCL) is learnt to have committed $5 million in an ad-for-equity style transaction. $6M The Times Group
  54. 54. Telemedicine Report, August 201655 Tele-Consultation (12/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Breakthrough [Redwood City, 2009]: Breakthrough is an online marketplace that connects people with mental health providers for online live video based counselling and psychiatry sessions. Clients can search for providers on multiple criteria and schedule appointments to get private care. Mental health providers can build their online profile, send secure messages, schedule appointments and deliver HIPAA-compliant online care. Covers 2M healthplan members. It was acquired by MDLIVE in Nov'14. $5.9M First Round Capital, Charles River Ventures, Kapor Capital, S23P, Great Oaks Venture Capital, Morado Ventures Patient Solutions WellnessFX [San Francisco, 2010]: WellnessFX is a personalized wellness and health startup providing the leading quantified self (QS) platform allowing individuals to measure, understand and improve their health by combining state-of-the-art medical science with social media tools and consumer web user experience design. It takes initial blood tests and sets it as the base. Then it puts you through a training program to monitor and improve personal health. It also offers telemedicine facilities. $5.85M Javelin Venture Partners, Floodgate, Voyager Capital, HealthTech Capital, Javelin Venture Partners Patient Solutions MeeDoc [Helsinki, 2012]: MeeDoc provides a mobile app for tele-consultation to individuals, to connect with maternity nurses, GPs and specialists like Psychiatrists and Dermatologists. Patients can choose to consult their own doctor or doctors enrolled with MeeDoc, and pay for the visit in-app, as set by the doctor. MeeDoc receives some part of this, as transaction fee. Also enables health tracking via electronic health record. Offers services in Europe. Meedoc charges companies €10 per month per employee for unlimited use. $5.3M XLHEALTH Patient Solutions iBaby [Chengdu, 2015]: iBaby is a tele-medicine platform targeted at maternal health that connects would-be mothers with professional gynecologists. It enables sharing of information between mothers- doctors and among a social group of expectant mothers. Claims to have 2,000+ doctors on the platform. Maintains an extensive knowledge base on pregnancy-related articles and content $5.3M Patient Solutions Vida Health [San Francisco, 2014]: Vida provides expert, personalized, on-demand health coaching and programs from a network of health care providers and leading medical institutions. Vida combines a consumer mobile app, an enterprise care platform, and a marketplace of programs and providers to offer on-demand, 24/7 solutions for any chronic condition. Eight programs available to its paying users: lose weight, get fit, detox, feel better, reduce stress, lower cholesterol, lower blood pressure, and prevent diabetes. Services cost $49/mo. $5M Khosla Ventures, Webb Investment Network, Signia Venture Partners, Aspect Ventures
  55. 55. Telemedicine Report, August 201656 Tele-Consultation (13/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions MyTelemedicine [McKinney, 2014]: MyTelemedicine enables corporates to offer their employees a cloud based telemedicine platform to consult with doctors remotely, via telephone and video technology, and get prescription for common acute illnesses. Also provides online lab tests, in collaboration with LabCorp. Has an additional feature which gives patients a choice to use their advocacy on medical bill savings. $4.5M Patient Solutions First Stop Health [Chicago, 2011]: First Stop Health is an online database of health-related information and phone call assistance. Also provides phone call consultation and email-for-information with primary care physicians and specialists, along with creating and sharing EHR. Extends services to individuals, employers and brokers. $4.3M Patient Solutions WeCounsel [Chattanooga, 2011]: WeCounsel offers web-based video consultation with the doctor. It is a telehealth platform that connects mental health providers to their clients online. Their software offering includes video-conferencing, scheduling, document storage, and billing. The subscription cost to the is $14.99/month. $4.1M Point Judith Capital, Longmeadow Capital Partners, CV Holdings Patient Solutions TouchCare [Durham, 2013]: TouchCare enables healthcare providers to connect with their patients quickly and easily for face-to-face video appointments on iOS and Android mobiles. Physicians who want to use TouchCare download the app and then offer an invitation code to their patients. For employers, however, TouchCare also gives an option to consult other healthcare providers, not only employee's own physician. $4M Mosaic Health Solutions Patient Solutions 2nd MD [Houston, 2011]: At 2nd.MD, patients and their families can seek second opinion with a specialist. Each doctor dictates his or her fee that varies between $80-$400 for 20 min session. Started out with focus on services to individuals but later on 2nd.MD executives decided to focus on convincing companies to make the service part of benefits packages. Companies pay between $5 and $10 an employee per month. In Jan'2015 2nd.MD licensed deals, with South Africa-based Discovery Health and with VitalityHealth to expand globally. Claims to have 350+ contracted practicing doctors. $4M
  56. 56. Telemedicine Report, August 201657 Tele-Consultation (14/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions CirrusMD [Denver, 2012]: CirrusMD is a telemedicine startup that connects patients with their own doctors via HIPAA-compliant video chat and messaging. Doctors may use the service to write prescriptions, make referrals and keep in touch with patients. Patients pay a monthly fee of $40 for the service while the service is free for the doctors and eliminates the need for doctors to bill insurance companies for services they provide using CirrusMD. CirrusMD platform enables patients to access their own doctors through rich messaging and video chat over mobile devices, like smart phones and tablets, and the Internet. Part of Velocity Venture Capital's Accelerator program. $3.55M Sand Hill Angels, New York Angels, Velocity Venture Capital, boulderbiomed.com, Rockies Venture Club, Three Leaf Ventures Patient Solutions MedZed [Atlanta, 2014]: MedZed is a healthcare technology & service company partnering with providers and insurers for the delivery of care. The company connects high-risk patients with their medical team at the patient's home. Using telemedicine communications, proprietary technology and remote medical devices, the MedZed caregiver is able to assist physicians with real-time examinations and treatments. $3.2M Patient Solutions HealthJoy [Chicago, 2014]: HealthJoy is the web and mobile-based telemedicine platform which allows users to get an online consultation with a doctor over chat. They also take care of users insurance & provides discounts on prescriptions. $3M GoHealthInsurance Patient Solutions Ask The Doctor [Toronto, 2014]: Ask The Doctor is a service that lets consumers ask questions to doctors. Patients get a standard online question form to enter their queries which get answered within 5-7 days at free of charge. Their premium service involves an "answer within 30 minutes" feature for $15 from their physicians. They recommend a doctor in the patients's area to go visit for an appointment if deemed necessary. They also provide a call consultation service. Services are also available through mobile app. Acquired India-based doctor consultation platform Sehat in Sept'15 and UK-based telemedicine platform Patient Connected in Nov'15. $3M
  57. 57. Telemedicine Report, August 201658 Tele-Consultation (15/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Yianhealthcare [Beijing, 2015]: Yianhealthcare offers a telemedicine platform through which patients can reach doctors remotely. Promises cost-effective treatments to patients. The key focus of the company is on cancer-related diseases. Offers other tools to track medication and engage and follow-up with patients. Raised 17M yuan from West capital. $2.7M Western Superior Capital Investment Patient Solutions Wellbridge Health [Pittsburgh, 2012]: Wellbridge Health provides care management solutions for congestive heart failure patients. It combines interactive video technology with real-time patient information with an aim to reduce emergency room visits and re-admissions for members with chronic illnesses; collect and monitor real-time health information to facilitate intervention by health coaches. The company formed an alliance with BioTelemetry and received initial funding in the form of a convertible note. $2.53M BioTelemetry Patient Solutions HealthcareMagic [Bangalore, 2008]: HealthcareMagic offers an online website that provides answers to health queries from qualified medical practitioners registered with it from around the world. In 2009, the company collaborated with Atom Telecom to launch an IVR-based payment service. The portal allows consumers to register with the website and make payments for the queries asked. The portal also enables doctors to register to join a professional network of doctors and reply to a patient's query providing accurate health information and will guide in choosing the right course of action. Acquired by Ebix for $6 million in cash with a contingent earn out of up to $12.5 million payable after 2 years. $2.5M Accel Partners Patient Solutions CrowdMed [San Francisco, 2012]: CrowdMed is an online web-based platform which helps in finding solutions to patient uploaded cases from a community of doctors. Provides patient with report at the end of the process and payment is made online. Offers three paid packages: Standard ($149/month), Premium ($249/month), and Priority ($349 flat fee) package, each providing different features. For providers, CrowdMed offers a collaboration platform to help solve difficult medical cases. $2.38M Y Combinator, Greylock Partners, Andreessen Horowitz, NEA, SV Angel, Khosla Ventures, Knight Foundation, Emerson Collective, patrickdempsey.com
  58. 58. Telemedicine Report, August 201659 Tele-Consultation (16/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Maven [New York City, 2014]: Maven, is a telemedicine app that caters to the healthcare needs of women. Maven allows those on the app to ask questions, browse health discussions, or book a video appointment with a health practitioner. 300 + physicians, physical therapists and nurse practitioners provide services through the app. Maven’s main focus is on healthcare topics for women of childbearing age. This includes trouble conceiving, pregnancy and postpartum issues such as lactation, pelvic rehabilitation and depression. $2.2M Great Oaks Venture Capital, Grand Central Tech, Female Founders Fund, BoxGroup Patient Solutions GP2U [Hobart, 2011]: GP2U is a web and mobile based telemedicine platform that allows users to book appointments with general practitioners and have online video consultations. Its solutions include clinical services provided direct to consumers and SaaS to healthcare organisations. Users can avail consultations for medical problems including weight loss, sexual health, urinary tract infections, depression and anxiety, prescription repeats, referrals, and also get medical certificates made. GP2U also provides for appointment booking for offline consultations, home delivery of prescriptions and medicines. $2.2M HCF, Sonic Healthcare Patient Solutions Curely [San Francisco, 2013]: California-based Curely, is a telehealth app that allows patients to ask physicians health and wellness questions. Patients can search for physicians by specialty, price, and language. Physicians set their own pricing, which starts at $10 per 12-minute live chat session or $2 per inbox message. In July'2015, Curely raised $2 million in a round led by Exponential Partners with participation from GE Health CIO Randy Fox and claims to have ~ 600 board-certified physicians from 17 countries on the app $2.1M Exponential Patient Solutions 51aiya [Shenzhen, 2013]: 51aiya is a mobile based dental health application. It can be used to help users maintain proper brushing regularity and they can look up the app to understand their dental symptoms. It also provides a free consultation with a dentist. $2.01M Shanghai Zhonglu Group, Shenzhen Oriental Fortune Capital Management, Shenzhen Leaguer Tsing-Yuan Venture Capital Management
  59. 59. Telemedicine Report, August 201660 Tele-Consultation (17/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions MeraDoctor [Mumbai, 2010]: Enables patients to post their health queries to MBBS doctors, counselors and nutritionists through a messaging interface smartphone app. Allows users to book discounted lab tests and sample collections directly via chat. Claims of having completed 60K+ chat consultations. Available on Android and recorded 200K+ downloads. Raised $1M in pre-series A funding from Unilazer Ventures. $2M Aavishkaar, Unilazer Ventures, India Quotient, Accion Patient Solutions Wenwo [Beijing, 2011]: Wenwo is an online platform to remotely consult doctors using Weibo platform. Doctors are available on the platform and patients can contact them through the platform by paying the consulting fee. $2M Legend Capital Patient Solutions MYidealDOCTOR [Thomasville, 2013]: MYidealDOCTOR provides cloud-based teleconsulting by phone or by web video for short term illnesses. Claims to have 1200 licensed physicians. Partnered with 13 other companies, provides services to individuals, businesses and healthcare providers. Received strategic equity investment from ValorBridge Partners in June2015. $2M ValorBridge Patient Solutions TreVia Digital Health [Overland Park, 2011]: TreVia provides cloud-based technology for diabetes screening, including retinopathy and peripheral neuropathy, along with glucose monitoring and mapping. Patients can send their diagnostic tests information to the specialists via medical image coordinator; and get connected online, with their doctors and TreVia care team. Also provides affective computing for patient engagement including interval learning, behavior evaluation and lifestyle coaching. Previously Physician Referral Network (PRN) , changed its name to TreVia Digital Health in December'14. Strategic partnership with D-EYE in June'15, to power D-EYE's ImageVault with TreVia's cloud-based data management platform and technology. $1.82M
  60. 60. Telemedicine Report, August 201661 Tele-Consultation (18/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions 1DocWay [Philadelphia, 2011]: 1DocWay is a telepsychiatry network for hospitals and clinics to increase provider access. Rural, elderly, disabled and busy patients can schedule appointments online and see their doctor through videochat platform. Also has appointment scheduling and medical records system to be used by both pateints and providers for help in consultation. 1DocWay claims to have treated over 11,000 patients in 8 states. It secured Second place in Wharton Business Plan Competition and was awarded Wharton Venture Award and Wharton Snider Seed Award. Acquired by Genoa Healthcare on November 4, 2015 $1.75M Rock Health, Great Oaks Venture Capital, Asset Management Ventures, Village Capital, Texas Medical Center, Waterline Ventures, Dreamit Ventures, iSeed Ventures, Fresco Capital Patient Solutions PawSquad [London, 2015]: PawSquad is an online marketplace which connects pet owners to pet care providers - vets, trainers, breeders, nutritionists. It provides online telemedicine platform to facilitate video consultations and messaging channel with certified vets in minutes. $1.65M Patient Solutions YourDost [Bangalore, 2014]: YourDost is an online support group with psychologists and experienced individuals on its platform. Allows users to post anonymously and seek advice. Founders IIM Bangalore, IIT Guwahati. Raised $400k in seed round from redBus co-founder Phanindra Sama, TaxiForSure co- founder Aprameya Radhakrishna, Capillary Technologies founder Aneesh Reddy and Smartur founder Neeraj Jawalkar. Claims to have served 200k+ patients as of June 2016. $1.6M SAIF Partners, NuVentures Patient Solutions Igancao [Hangzhou, 2015]: Igancao is a mobile app to consult traditional Chinese medicine practicing doctors remotely. Doctors can manage orders, patient appointments etc. Has gathered more than 5,000 certified practitioners, nearly 30 million users. Raised Seris A of 10 million Yuan. $1.56M Patient Solutions Liangyihui [Shanghai, 2015]: Liangyihui is a telemedicine application which focuses on the malignant tumor i.e. cancer. Mobile platform claims to be committed to provide the latest scientific authoritative information and services to oncologists and patients. Claims to have raised Series A round of funding from Legend Capital. $1.5M Legend Capital
  61. 61. Telemedicine Report, August 201662 Tele-Consultation (19/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions mTiba [Kigali, 2015]: mTiba is an online telemedicine platform which connects patients in some countries of Africa to doctors in European countries. They are going to provide their services in Rwanda, Kenya, Tanzania & Nigeria. $1.5M Pfizer Patient Solutions MediAngels [Mumbai, 2009]: Mediangels.com is a web portal that enables users to consult with health specialists around the world for a wide variety of health specialties. The portal also enables users to exchange information with doctors by sending them medical reports through live chat. Charges Rs 250 per query and Rs 1,500 for video consultation. The company also allows users to request for blood and other diagnostic tests at home itself where they can make an appointment on the portal and the lab personnel from a nearby location will collect samples from patients' residence. Has panel of 350 super specialists from 15 countries who provide consultations in 93 medical specialties. Also set up strategic partnership with over 21,000 diagnostic centres across India. Claims it has treated 8,000 patients, of which around 1 per cent are outside India. Received $500k funding from private equity unit of HDFC in 2011. Raised $1M funding from Ventureast Tenet Fund and Government of India’s Technology Development Board in Oct 2014. As of Aug 2015, the company is raising $5 million in next two months to fund its expansion to the Gulf region and South East Asia. Planning to raise $5M in September 2015. $1.5M Ventureast, HDFC Property Fund Patient Solutions DocsApp [Bangalore, 2013]: Smartphone app enabling patients to consult with health specialists for health queries through a whatsapp chat like interface. Claims of having partnered with reputed MD doctors from Bangalore, Mumbai and Delhi with 200+ doctors on board. Offers both Android and iOS apps. Claims to have 80K + registered users with 15K+ using the service at least once a month. $1.4M GSF India, Rebright Partners, Powerhouse Ventures, Milliways Ventures
  62. 62. Telemedicine Report, August 201663 Tele-Consultation (20/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Saluspot [Madrid, 2011]: Saluspot is an interactive community of physicians and users. Users can ask medical questions to doctors, communicate with other patients, search for nearby doctors and make appointments on the same day. It also allows users to centralize their health information & physical activity information. Its premium model provides user question answered by doctors while freemium model allows reach to general questions already asked and answered. It has claimed to have thousands of registered medical professionals in Spain and Chile. Majority of stakes have been bought by Telefonica Digital and is expected to allow Saluspot to accelerate its growth and expansion into Latin America. $1.3M Vitamina K, Fundacion Jose Manuel Entrecanales Patient Solutions Hubble Telemedical [Knoxville, 2011]: Hubble Telemedical offers real-time retina diagnosis and disease management planning services for diabetic retinopathy. It provides Telemedical Retinal Image Analysis and Diagnosis (TRIAD), a Web-based telemedical technology to achieve real-time diagnosis of diabetic retinopathy and other retinal diseases over the Internet using commercially available retina cameras. The company’s TRIAD network provides immediate diagnosis, disease severity level information, and a patient management plan to a primary care or other end-user site. It also offers diabetic retinal disease screening services, including consultations. $1.15M MB Venture Partners, United States Department of Agriculture Patient Solutions Pacify [Washington D.C., 2014]: Pacify, a telemedicine startup with a focus on pediatrics, has developed an app that connects new parents with lactation consultants, nurses, and dietitians via video visits through a mobile app. The company’s service is not yet commercially launched as of March 2015 but it is being used by a few dozen new parents in a closed beta pilot. $1.1M Acceleprise Patient Solutions TAO Connect [Gainesville, 2014]: TAO (Therapist Assisted Online) is a suite of online tools - mobile & web based apps, to help user learn and practice new skills which develop an automatic response to mild/moderate anxiety, depression, and stress. Seven-week online program consisting of engaging modules. Allows user to videoconference with their counselors each week & also receive text messages several times per week to check user's progress. Currently being used at several University counseling centers and has a strong pipeline of products targeted towards practitioners & facilities. $1.1M Healthbox, New World Angels, Florida Institute For The Commercialization of Public Research, The FAN Fund
  63. 63. Telemedicine Report, August 201664 Tele-Consultation (21/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Zoctr [Mumbai, 2013]: Zoctr allows users to book an appointment with a doctor or diagnostic centre, call for an ambulance, get personal care attendants, digitise treatment procedures, buy drugs, and rent medical equipment for home care. The firm also trains doctors to provide supplementary treatment to patients suffering from neurology diseases, cancer, or cardiovascular disease. Also provides subscription based value added services such as Teleconsulting, Home Laboratory Pick-ups, Home/Online Pharmacy and Emergency Management. Offers an online portal "eZoctr" to store and track health records. As of Jan, 2016, plans to reach over 500k users in 5 years and expand operations to 18 cities. Raised seed funding from Rajeev Agarwal, partner at Ambit Pragma ventures in April, 2015. Later secured $1 million in funding from SPA Capital Group founder Sandeep Parwal, Organic Wellness' founder Krishan Gupta and other angel investors. Raised an undisclosed amount from ad-for-equity media investor Times Group's Brand Capital in Jan, 2016. $1M Ambit Pragma, Brand Capital Patient Solutions SeeDoc [Gurgaon, 2015]: SeeDoc is a mobile-based telemedicine platform which provides patients access to the network of doctors and health practitioners. It also provides medical and health information and videos. Patients can also ask free questions to doctors. Claims to be selective about adding specialists to the doctor network. Part of HealthOne Technology Pvt. Ltd. Raised $1M in pre- series A funding from YourNest. Claims to have more than six lakh users and processes roughly 500 video consultations daily as of July 2016. $1M Yournest Patient Solutions Elli Health [Delafield, 2013]: Intellivisit is a mobile/web application which is available to patients by invitation from health systems, employers and insurance payers. Patients get interviewed by an artificial-intelligence-system, which is unique to each user and gets more accurate with every visit. Aided by the questionnaire, clinicians enrolled with Intellivisit would either give a treatment plan along with an e-prescription; or suggest an online or in-person visit, which the user can schedule. The company changed its name from Elli Health in April 2015. $974.2K Patient Solutions Forefront TeleCare [Emeryville, 2003]: Forefront TeleCare is a telemedicine company that provides behavioral health services to small, rural healthcare facilities. Has HIPAA-compliant platform which incorporates software, hardware, and comprehensive service protocols. Their specialty services include psychiatry and clinical psychology. Provides service to skilled nursing facilities and clinics in 18 states. Their provider network includes psychiatrists, clinical psychologists, and psychiatric nurse practitioners. $968k
  64. 64. Telemedicine Report, August 201665 Tele-Consultation (22/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Vet On Demand [Nashville, 2012]: Vet On Demand is an iOS and android app based telemedicine platform for pets and pet parents. User can access a licensed veterinarian anytime and get common health questions answered through video chat for only $2.50 a minute. Also provide suggestions and reviews, diet recommendation for users Pet. Based out of Nashville, USA. $870k Patient Solutions WebDoctor [Dublin, 2014]: WebDoctor offers online video consultation and medical second opinion services for patients. It offers consultations for reproductive health, cholesterol, weightloss, UTI, sore throat, etc for a fee of €25. The company also provides e-prescriptions sent via post which can be used at most Irish pharmacies to collect medicines. $832.75K Enterprise Ireland Patient Solutions SkyMD [New York City, 2014]: SkyMD is building a mobile platform which enables dermatologists to connect with their patients anytime, anywhere. SkyMD is a web based solution, doctors can register their practice and start immediately. $800k Patient Solutions Muses Labs [Carolina Beach, 2013]: Muses Labs provides SaaS to providers, for Alzheimer’s disease management. Based on inputs from various sources like EHRs, wearable sensors, lab reports, genome sequences, the algorithm determines a combination therapy, or a combination of drugs to be prescribed to the patient. The combination would vary for each individual and also varies for an individual across time. Along with personalized therapy, enables doctors to track patient's progress, and to motivate their adherence to therapy. $785.3K
  65. 65. Telemedicine Report, August 201666 Tele-Consultation (23/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions EUOR Health [Kolkata, 2013]: EUOR Health is an online marketplace for healthcare services, where people can search, identify, book, buy their required healthcare services over the web, mobile or telephone. EUOR Health provides guidance for several healthcare services like ambulance services, diagnostics, doctor's appointment, doctor's home visit, elderly care, hospital admission, instant doctor's consultation, pathology, physiotherapy, preventive health care, rehabilitation and second opinion over a 24x7 helpline number as well as through an android app. Users can also book home healthcare services through the applications. Also connecting tier 2, tier 3 cities and even rural India through mobile application and electronic health terminals - a virtual clinic. Also features an offers page and a blog with healthcare information. $755K Brand Capital Patient Solutions Patronus Medical [Washington D.C., 2013]: Patronus provides personalized concierge based private health management services via telemedicine and telehealth technology. It provides immediate 24/7 direct access to physicians at the users convenience. Users can take advice on range of health issues such as integrating advanced techniques such as genomics or functional medicine into the health and wellness plan to simply an on-demand risk management solution. Regardless of the location, Patronus can be used to deliver medical services for clients throughout the globe. $700K Patient Solutions Diagnose me [Alkmaar, 2012]: Diagnose.me is a web platform which connects patients with medical specialists from around the world for second opinion on their diagnosis report. It also offers technical & administrative support in different languages for both doctors and patients. The platform provides short listing of relevant specialists from where user can choose a doctor to get advice from on the image or diagnosis report uploaded. It allows payment transaction through its site along with user ratings and peer endorsements, social networking within the platform and data sharing. They claim to have current clients from Spain, the UK, India and Russia. $641k Neulogy Ventures Patient Solutions JZDoctor [Shanghai, 2014]: JZDoctor is an online platform which provides consultation for healthcare issues of children. It provides users to consult regarding brain development, fever, stomach related issues etc. Claims to have raised Seed round of funding from Innovation Camp. $583K Innovation Camp, CRCM Venture Capital
  66. 66. Telemedicine Report, August 201667 Tele-Consultation (24/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions eVaidya.com [Hyderabad, 2013]: eVaidya.com, product of eHealth Access Pvt Ltd., is a tele-medicine company which provides virtual doctor consultation to patients apart from providing free personal health record storage. The company has developed medical kiosks and is in talks with corporates to setup them. On the online portal, users can browse through the Q&A and health articles and also post their own queries. Users can also browse through the physicians list along with their complete details to consult. The portal also comprises of filters for doctor lists to select language, speciality etc. Secured Rs 3.5 crore ($560,000) from a group of investors, including Parampara Capital and Venkat Vallabhaneni, former vice president, Bank of America. $560k Parampara Patient Solutions Doctor Insta [Gurgaon, 2015]: Providing a tele-medicine platform enabling patients to search and book for health consultations through the web platform or the mobile app. General medical consultation, pediatrics, psychologist consultation and diet/nutrition are few of the categories offered. Available on both iOS and Android platforms. The platform charges ₹400 for medical and pediaric visits, while psychologist and nutritionist charges are ₹400 for every half an hour session. Angel investors include Rishi Parti who invested in Dec 2015 pre-Series A funding. $500k BrahmaX Patient Solutions RingMD [Singapore, 2012]: RingMD is a Singapore-based online healthcare marketplace where patients can discover and book a phone-based consultancy with medical experts in various fields. Currently the company hand-picks doctors on its invite-based marketplace. Doctors can create their profiles with a per-minute consultancy rate for their service. In Mar'15, the company invested an undisclosed amount in PilihDokter, an Indonesian healthcare information portal, which will be rebranded as RingMD Indonesia. $500k National Research Foundation Singapore, COENT Venture Partners Patient Solutions Medviser.ru [Moscow, 2014]: Medviser is a telemedicine platform. It is a marketplace connects patients with doctors remotely through call and/or video. Also onboard foreign doctors. Present in Russia & CIS. Has received seed funding from Roman Abramovich. $500k
  67. 67. Telemedicine Report, August 201668 Tele-Consultation (25/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions MeetDoctor [Jakarta, 2011]: MeetDoctor is an integrated digital health platform that provides online consultation, medical articles, and healthcare directory. Users can also look up hundreds of doctor reviewed articles along with videos. They are also planning to start telemedicine services through video chat in Indonesia. $480k Patient Solutions Telimedi.co [Warsaw, 2014]: Telemedi is a web and mobile-based telemedicine platform for providers. The company offers its platform in countries where there is a shortage of physicians. It offers both general physicians and specialists on its platform. The company charges a commission of around 50% of the consultation fees, while for employers and insurance companies, it charges a monthly fee for unlimited access. The premium services also allow customers to rebrand the solution. The company claims to have reached 500 patients and registered 26 medics on the platform. $408.96k DocPlanner, Wayra, Venture Growth Partners Patient Solutions iDoc24 [San Francisco, 2008]: iDoc24 allows anyone to anonymously submit images of their skin problem directly to a dermatologist and receive a response within 24 hours. iDoc24 is available on iOS, Android, and the web. iDoc24 acts as a “Skin Triage” service which gives an opinion from a board certified dermatologist (skin specialist) that is specific to a user’s skin problem. The charge is $40 per a user consultation $405k Sprint Accelerator Patient Solutions Arcadian telepsychiatry [Fort Washington, 2012]: Arcadian Telepsychiatry is an on-demand telemedicine can expedite assessment, diagnosis, treatment, and disposition of patients in a wide variety of settings. Arcadian Telepsychiatry provides users with psychiatrists at the convenience of the user. It serves for the mental problems like Depression, anxiety, panic attacks and PTSD. The company have its own trained, mental health practitioners. $350k Ben Franklin Technology Partners of Southeastern Pennsylvania Patient Solutions Push Health [Torrance, 2012]: Push Health enables doctors, medical providers and patients to connect virtually for concierge telemedicine care. Push Health helps medical providers to run virtual concierge practices from their mobile devices and provide mobile-to-mobile healthcare services. Its platform enables medical providers to invite patients to be members of their virtual Push Health practice, recommend services to a patient through their Push Health account, as well as enables patients to request medical services, such as prescriptions from their medical provider. $308k
  68. 68. Telemedicine Report, August 201669 Tele-Consultation (26/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Vitalbox [Sao Paulo, 2010]: Vitalbox is a social business enterprise that focus on public health by applying innovative healthcare services and consumer internet technology. Their first product, Docgie is an online platform, made by Vitalbox, which connects patients and doctors, preventive and primary care assistance. Allows users to select a personal doctor where continuous care is provided through the communication channels & tools on the platform & also schedule appointments with the personal doctor. The doctors are hired on the yearly basis for providing their service in their part time. $300k Patient Solutions Docgie [Sao Paulo, 2012]: Docgie is an online platform, made by Vitalbox, which connects patients and doctors, preventive and primary care assistance. Allows users to select a personal doctor where continuous care is provided through the communication channels & tools on the platform & also schedule appointments with the personal doctor. The doctors are hired on the yearly basis for providing their service in their part time. $300k Patient Solutions Mentegram [Bratislava, 2013]: Mentegram is a platform for behavioral monitoring between therapy sessions and outpatient visits. It facilitates daily engagement through mobile questionnaires and aides providers in creating and maintaining progress. Client responses are instantly synced between their mobile device and their therapist’s Mentegram dashboard. It helps the hospitals to reduce the number of preventable crises, hospital admissions, and re-admissions. Plans starting at $39/month. $276.7k Neulogy Ventures Patient Solutions Direct Dermatology [Palo Alto, 2010]: Direct Dermatology is a 24/7 telemedicine service company that aims at providing direct access to US board-certified Dermatologists for patients and referring physicians for any skin-related medical problem. Dermatologists will provide a diagnosis and treatment recommendations for the skin problem and the prescription medication(s) will be sent to the selected pharmacy if indicated and claims to guarantee the report in less than 48 hours. $240k Patient Solutions Octovis [Nashville, 2014]: Octovis has developed a mobile telemedicine platform, Telle. Telle comes with a bluetooth enabled devices which include a stethoscope, pulse oximeter, EKG, blood pressure cuff, otoscope, and a dermatoscope. These devices are connected to an Android tablet that live streams video between the nurse and remote physician; in addition to the data from the devices. Octovis has partnered with Vuzix as smart glass provider. The nurse can also use Vuzix smart glasses to transmit a live stream of video at their perspective. In 2015, Octovis changed its name to Satchel Health. $180K TriStar Technology Ventures, www.jsf.co/, www.tstventures.com
  69. 69. Telemedicine Report, August 201670 Tele-Consultation (27/131) Tele-Consultation Tele-Monitoring Tech Enablers Tele-Rehabilitation Suite Solutions Company Details Funding Investors Patient Solutions Mindoula [Bethesda, 2013]: Mindoula Health is a technology-enabled case management company headquartered in Silver Spring, Maryland, that provides 24/7 virtual and in-person support to individuals and families facing behavioral health challenges. Its proprietary telehealth platform which includes an HIPAA compliant mobile engagement app, proprietary psychometrics, predictive analytics, and collaborative care software, enables its team of case managers and peer support specialists to deliver market leading behavioral health outcome improvements and reduce healthcare costs. It acquired Care at Hand in June 2016. $175K Patient Solutions Cloud 9 [Austin, 2013]: Cloud 9 psych provides Telepsychology services. Its offerings include mobile mental health assessments, behavior pattern tracking, video talk therapy sessions, scheduling and payments. It also offers collaboration services to clinics and other healthcare organizations for all mental health counselling services. $150K Patient Solutions GrandOpinion [Ocala, 2013]: GrandOpinion is an online platform for patients to get medical opnions from experts in the network. Patients can create a 360-degree digital profile of a patient’s history and medical records. Once a patient starts a case, the platform collects and digitizes all medical records, and pages a request to the best expert for the case. Experts can register themselves on the platform and are paid based on requests. Currently offers two plans, one for live connect to doctors and one for medical opinion. Raised seed funding of $150k in May, 2015. $150k Patient Solutions In Your Corner [New York City, 2011]: In Your Corner is a marketplace for online counseling and coaching services. Users can consult with licensed professionals on topics including relationship, conflict and job stress. Consultation is done via video chat, written journals, and texting sessions. $120K

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