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Preventive Healthcare

Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Overview

Personalized remedies against future health challenges

Preventive care delivers personalized prophylactic care to patients and facilitates clinical decision support to practitioners, as opposed to reactive care, which intervenes after health conditions deteriorate. Preventive care technologies track physiological and biometric data through connected devices in real time and store them in a patient portal, housing electronic health records. This data is analyzed continuously by artificial intelligence (AI) algorithms to predict and warn patients and healthcare providers of potential health issues.

The growing frequency of chronic diseases and the rise in associated costs are a substantial burden to reactive care in the US. Many providers are now offering advanced preventive health solutions to individuals and corporate clients to mitigate risk of conditions such as cancer, diabetes, and heart disease.

What's driving this industry?
Market Sizing

The US preventive care market will grow to USD 54 billion–73 billion by 2026

Conservative case

USD 54 Bn

Base case

USD 64 Bn

Expansion case

USD 73 Bn

USD billion01020304050607080202120222023202420252026
View details

COVID-19 IMPACT

Many preventive care providers have transitioned to virtual care, Covid-19 testing and vaccination, and workplace re-entry services for their members and corporate clients to ensure continuous care. 

  • One Medical’s memberships rose 29% YoY to 511,000 in Q3 2020. 

  • Crossover provided members with Covid-19 screening and testing services and mental health support, as well as telemedicine services for members who tested positive. 

  • Livongo saw its number of enrolled diabetes members more than double in Q3 2020 to 442,724.

  • Catapult Health achieved record 22% volume growth in September 2020.

  • Oak Street Health served 59,500 at-risk patients, up 38% YoY, in Q3 2020.

  • Cityblock Health recorded a 2,000% surge in telehealth visits between March 20 and June 30.

View detail

Market Mapping


We have identified six segments for the preventive healthcare industry. Direct primary care providers account for nearly one-third of companies in our coverage. The next largest segment consists of passive remote monitoring platforms that offer connected devices to track patient vitals. These startups compete with established clinics and hospitals which have also adopted a value-based approach to offer an extensive range of preventive care services.

We have also determined that many of the disruptors that offer direct primary care, digital therapeutics, and specialized chronic care platforms are in their growth stage, with funding directed towards scaling up operations to serve the rising demand for chronic care prevention and treatment as well as the escalating medical costs. However, most passive remote monitoring platforms and diagnostic tools are still in the early or seed stages.

Incumbents
Growth
Early
Seed
Pre-Seed
Direct Primary Care (DPC)
?
Digital Therapeutics (DTx)
?
Chronic Care Management
?
Diagnostic Tools
?
Population Health Management Solutions
?
Passive Remote Monitoring Platforms
?
ClosedLoop.ai
ClosedLoop.ai
ClosedLoop.ai
ClosedLoop.ai
ClosedLoop.ai
ClosedLoop.ai
Mayo Clinic
Walgreens
Premise Health
Cleveland Clinic
Cityblock Health
One Medical
Carbon Health
VillageMD
Iora Health
Everside Health
Crossover Health
Forward
Oak Street Health
Eden Health
Vera Whole Health
Parsley Health
ConcertoCare
Tia
Sana Benefits
Avi Medical
Vytalize Health
Firefly Health
Apricus Health
Patina Health
Brave Care
Juno Medical
Spora Health
Rezilient Health
Sharecare Inc.
Omada Health
Livongo
Vida Health
Kaia Health
Sidekick Health
FemTec Health
Evidation Health
DarioHealth
Mahana Therapeutics
AppliedVR
Cara Care
Chronwell
Digbi Health
Better Therapeutics
MedRhythms
Kranus Health
metaMe Health
Alex Therapeutics
Index Health
Milliman
Medtronic
Google
Hinge Health
Virta Health
SWORD Health
Bigfoot Biomedical
Lark Health
Monogram Health
Glooko
Strive Health
Twin Health
Cala Health
Hello Heart
Calibrate
Zerigo Health
SafelyYou
Vori Health
RecoveryOne
Vivante Health
Sweetch
NutriSense
NuvoAir
Hygieia
Signos
Form Health
Spiras Health
BeatO
SpineZone
Mymee
Curv Health
Wellinks
Found
Signifier Medical Technologies
January AI
Oshi Health
9am.health
Swing Therapeutics
GripAble
IncludeHealth
Salvo Health
BioCoach
juli
Ryse Health
Renalis
Neura Health
Medtronic
Cleerly
Viz.ai
Caresyntax
Ceribell
AliveCor
Eko
Qure.ai
Overjet
Ultromics
Swift Medical
Theator
VideaHealth
Idoven
CancerIQ
Pearl
Strados Labs
Tympa Health Technologies
CorVista Health
CoreMap
Heru
Zedsen
Docbot
HealthLeap
Respira Labs
Otologic Technologies
Milliman
COPE Health Solutions
Privia Health
VillageMD
Health Catalyst
Aledade
Clarify Health
Qure.ai
ConcertoCare
Vytalize Health
Stellar Health
ClosedLoop.ai
Endgooden (Cohort)
TurningPoint Healthcare Solutions
Socially Determined
Yuvo Health
Everly Health
AliveCor
Tasso
Eko
Biotricity
Catapult Health
Cue Health
Podimetrics
Vessel
Wefight
Vivoo
Biolinq
Levels
Casana
Know Labs
Aktiia
GraphWear
Cardio Medical
Riva Health
Movano Inc.
Reperio
Rhythm Diagnostic Systems
OutSense
Zeit
BreatheSuite
MR3Health
Clinicai
Toi Labs
HAGAR
Cardiomo Care Inc.
Coprata
Medipee
Medic.Life

The Disruptors


Disruptors deliver personalized care by leveraging data

Disruptors in the preventive care landscape attempt to build more personalized and value-based relationships with members through real-time monitoring coupled with intelligent analytics to predict potential health issues. Many disruptors operate on a subscription-based model charging for the use of an in-house platform/app with fees averaging USD 150 per month. They offer real-time care by leveraging information from sensors/wearables and coordinate with providers via telemedicine so patients can reach out to practitioners in the comfort of their homes and share vitals through the same platform to have interventions before escalations.

We have identified One Medical as the leading direct primary care provider given its large member base and long history of operations. The direct primary care segment dominates the preventive healthcare industry in terms of funding, accounting for more than half of total funds raised as of June 2021. Despite a smaller number of players, both digital therapeutics and chronic care management platforms have also attracted a much larger share of funding compared to passive remote monitoring platforms. Noteworthy digital therapeutics and chronic care management platforms include Sharecare, Hinge Health, and Virta Health.

Direct Primary Care (DPC)

?

Disruptors

?
Funding in USD Millions
Oak Street Health
Public - Market cap USD 5.9 bn
One Medical
Public - Market cap USD 3.4 bn
Cityblock Health
891
Carbon Health
523
VillageMD
491
Iora Health
349
Everside Health
329
Crossover Health
281
Forward
225
ConcertoCare
150
Tia
133
Sana Benefits
107
Avi Medical
101
Eden Health
99
Vera Whole Health
96
Vytalize Health
76
Patina Health
57
Firefly Health
52
Brave Care
43
Parsley Health
36
Apricus Health
20
Watchlist
?
Juno Medical
Rezilient Health
Spora Health

Digital Therapeutics (DTx)

?

Disruptors

?
Funding in USD Millions
Sharecare Inc.
Public - Market cap USD 2.5 bn
DarioHealth
Public - Market cap USD 106.4 mn
Better Therapeutics
Public - Market cap USD 41.8 mn
Omada Health
449
Evidation Health
259
Livongo
235
Vida Health
188
Kaia Health
123
Sidekick Health
86
Mahana Therapeutics
82
AppliedVR
71
MedRhythms
33
Cara Care
16
Chronwell
14
Digbi Health
9
Kranus Health
9
FemTec Health
Unknown
Watchlist
?
metaMe Health
Alex Therapeutics
Index Health

Chronic Care Management

?

Disruptors

?
Funding in USD Millions
Hinge Health
1026
Virta Health
373
SWORD Health
323
Strive Health
220
Bigfoot Biomedical
205
Twin Health
199
Lark Health
196
Monogram Health
172
Cala Health
148
Hello Heart
138
Found
132
Calibrate
128
Glooko
101
Zerigo Health
67
SafelyYou
61
Signifier Medical Technologies
58
Vori Health
56
RecoveryOne
50
January AI
43
Vivante Health
41
Sweetch
36
NutriSense
31
Oshi Health
30
NuvoAir
28
Hygieia
27
Swing Therapeutics
19
GripAble
17
Signos
17
Form Health
15
Spiras Health
15
BeatO
14
SpineZone
12
IncludeHealth
12
Salvo Health
11
Mymee
9
Curv Health
5
Wellinks
0
Watchlist
?
9am.health
BioCoach
juli
Ryse Health
Renalis
Neura Health

Diagnostic Tools

?

Disruptors

?
Funding in USD Millions
Cleerly
280
Viz.ai
252
Caresyntax
208
Ceribell
171
AliveCor
154
Eko
128
CorVista Health
94
Overjet
77
Qure.ai
60
Ultromics
59
Swift Medical
48
Theator
43
CoreMap
34
Heru
33
VideaHealth
27
Idoven
22
CancerIQ
20
Zedsen
12
Pearl
11
Strados Labs
8
Tympa Health Technologies
8
Watchlist
?
Docbot
Respira Labs
HealthLeap
Otologic Technologies

Population Health Management Solutions

?

Disruptors

?
Funding in USD Millions
Privia Health
Public - Market cap USD 3.8 bn
Health Catalyst
Public - Market cap USD 530.8 mn
VillageMD
491
Aledade
418
Clarify Health
328
ConcertoCare
150
Vytalize Health
76
Stellar Health
75
Qure.ai
60
ClosedLoop.ai
49
Socially Determined
34
Endgooden (Cohort)
11
Yuvo Health
8
TurningPoint Healthcare Solutions
0

Passive Remote Monitoring Platforms

?

Disruptors

?
Funding in USD Millions
Cue Health
Public - Market cap USD 445.9 mn
Biotricity
Public - Market cap USD 102.8 mn
Movano Inc.
Public - Market cap USD 90.3 mn
Know Labs
Public - Market cap USD 87.8 mn
Everly Health
325
Biolinq
196
AliveCor
154
Tasso
136
Eko
128
Podimetrics
73
Levels
50
Casana
46
Aktiia
28
GraphWear
25
Catapult Health
24
Cardio Medical
22
Vessel
21
Riva Health
16
Wefight
14
Vivoo
8
HAGAR
Unknown
Watchlist
?
Reperio
Rhythm Diagnostic Systems
OutSense
Zeit
BreatheSuite
Cardiomo Care Inc.
Coprata
MR3Health
Clinicai
Medipee
Toi Labs
Medic.Life

Oak Street Health

Oak Street Health is a value-based direct primary care provider for Medicare-eligible patients aged 65 years and above, with a focus on underserved communities. Oak Street generates the majority of its revenue (over 95%) through capitations, which is a fixed payment per patient per month, paid in advance by Medicare. Oak Street is therefore liable for medical costs in excess of the fixed payment and is able to retain any surplus created if costs are lower. Oak’s at-risk patient base amounted to 134,000 patients across 144 centers and 20 states at the end of June 2022. 

In October 2021, the company acquired the Rubicon eConsult platform to expand into virtual specialty care at a deal price of USD 130 million. It planned to integrate Rubicon’s eConsults platform to provide real-time specialist video visits available in person at Oak Street Centres, leveraging RubiconMD’s technology and network of 230 healthcare providers. Oak Street expects the acquisition to triple eConsults growth and reduce specialist medical costs by 10% by 2023.

Funding and Financials

Oak Street Health commenced trading on the New York Stock Exchange in August 2020, under the ticker symbol "OSH", raising USD 328 million from the initial public offering. Despite reporting a strong topline growth in 2021 (up 62% YoY to USD 1.4 billion), it continued to report net losses (up 2x YoY to USD 415 million). For six months ended June 2022, the net losses expanded 49% YoY to USD 245 million while revenue grew 60% YoY to USD 1.04 billion during the same period. In terms of its guidance for 2022, the firm expects revenue to reach USD 2.10 billion - 2.14 billion (implying a growth rate of 50% - 53% YoY). It also plans to open 40 new centers in 2022 and a further 30 - 40 new centers in 2023 and 2024.

Segment:
Direct Primary Care (DPC)
Total funding:
USD 105.3 million
Competitors:
Iora Health
Disruptor Funding History

Direct Primary Care (DPC):

Oak Street Health
One Medical
Cityblock Health
Carbon Health
VillageMD
Iora Health
Everside Health
Crossover Health
Forward
ConcertoCare
Tia
Sana Benefits
Avi Medical
Eden Health
Vera Whole Health
Vytalize Health
Patina Health
Firefly Health
Brave Care
Parsley Health
Apricus Health
Juno Medical
Rezilient Health
Spora Health

Digital Therapeutics (DTx):

Sharecare Inc.
DarioHealth
Better Therapeutics
Omada Health
Evidation Health
Livongo
Vida Health
Kaia Health
Sidekick Health
Mahana Therapeutics
AppliedVR
MedRhythms
Cara Care
Chronwell
Digbi Health
Kranus Health
metaMe Health
Alex Therapeutics

Chronic Care Management:

Hinge Health
Virta Health
SWORD Health
Strive Health
Bigfoot Biomedical
Twin Health
Lark Health
Monogram Health
Cala Health
Hello Heart
Found
Calibrate
Glooko
Zerigo Health
SafelyYou
Signifier Medical Technologies
Vori Health
RecoveryOne
January AI
Vivante Health
Sweetch
NutriSense
Oshi Health
NuvoAir
Hygieia
Swing Therapeutics
GripAble
Signos
Form Health
Spiras Health
BeatO
SpineZone
IncludeHealth
Salvo Health
Mymee
Curv Health
Wellinks
9am.health
BioCoach
juli
Ryse Health
Renalis

Incumbents


In-house development and partnerships for tech know-how remain the most common strategies

The incumbents in the preventive care landscape are mainly established healthcare providers, who have expanded their scope to include preventive primary care in addition to their existing healthcare services. In-house developments and partnerships with tech companies remain the most popular entry strategies to the preventive care landscape. We expect leading incumbents such as Cleveland Clinic and Mayo Clinic to stand to benefit given their access to a larger patient pool and specialization in highly prevalent chronic conditions such as diabetes and heart diseases. Other incumbents that operate large drugstore chains such as Walgreens have also entered this space via partnerships with direct primary care providers.

Direct Primary Care (DPC)
Digital Therapeutics (DTx)
Chronic Care Management
Diagnostic Tools
Population Health Management Solutions
Passive Remote Monitoring Platforms
In House Development
M&A
Partnership
Investment
Mayo Clinic
Walgreens
Premise Health
Cleveland Clinic
Milliman
Medtronic
Google
COPE Health Solutions

Notable Investors


No investor data is available

Funding data are powered by Crunchbase
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