Komodo Health Named to the 2020 CB Insights Digital Health 150 -- List of Most Innovative Digital Health Startups
Komodo Health recognized for achievements in software, driving crucial healthcare insights across a spectrum of health system stakeholders
NEW YORK, August 13, 2020 -- CB Insights today named Komodo Health to its second annual Digital Health 150 ranking, which showcases the 150 most promising private digital health companies in the world.
The 2020 Digital Health 150 cohort highlights startups that are reimagining the lines of the traditional healthcare experience across 12 categories, from Virtual Care Delivery and Clinical Trials, to Drug Discovery and Specialty Care. Countries represented this year include Canada, China, Israel, France, the United Kingdom, and the United States, among others.
“This year’s Digital Health 150 is our most global ever, covering the best private healthcare companies from 17 countries. Beyond geographic diversity, these companies are innovating across the entire healthcare value chain, spanning technologies that benefit pharma & biotech companies, to payers, hospitals, insurers, and more,” said CB Insights CEO Anand Sanwal. “Last year’s Digital Health 150 winners saw numerous exits and went on to raise nearly $5 billion in investor financing after being recognized. We look forward to seeing the success of this year's class of the best in digital health."
"Our platform is all about connecting the dots in data to get to the ground truth of patient experiences with the U.S. healthcare system,” said Bill Evans, chief marketing officer, Komodo Health. “Only by tracking the complete patient experience can we begin to identify and address gaps in care and opportunities for improvement. It is an honor to be recognized by CB Insights as we continue to pursue data and analytics solutions that can affect systemic change in healthcare and reduce the burden of disease in this country.”
Through an evidence-based approach, the CB Insights research team selected the Digital Health 150 from hundreds of applications based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Since its founding in 2014, Komodo Health has revolutionized healthcare data and analytics by creating the world’s most comprehensive Healthcare Map, capturing insights on 320 million patient journeys, including 15 million new clinical encounters each day from hundreds of sources. This comprehensive view of de-identified patient encounters enables customers to model the epidemiology of disease and align resources where they are needed most. On that foundation, Komodo has developed software solutions that can pinpoint geographic “hot-spots” for disease, and then drive insights at the healthcare provider level to improve quality and outcomes for patients.
Among Komodo’s recent initiatives, the company partnered with Fight Colorectal Cancer (Fight CRC), a non-profit patient advocacy and research organization, to help target its efforts to increase screening and close gaps in colorectal cancer care. Komodo also partnered with Karyopharm Therapeutics Inc. to accelerate clinical trial recruitment and site identification in an effort to speed patient access to a potential new treatment for COVID-19.
Quick facts on the 2020 Digital Health 150:
- The 2020 Digital Health 150 startups have raised over $20B in funding across 600+ deals from 900+ unique investors.
- The list includes 12 unicorns (companies that have reached a valuation of $1B+) focused on a diverse range of digital health solutions, including telehealth, insurance, and robotic surgical systems.
- Many have formed partnerships with key industry players like the American Heart Association, Cigna, and Mount Sinai Health System.
The full list of Digital Health 150 Companies can be found here.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
About Komodo Health
Komodo Health believes that smarter, more innovative use of data and analytics is essential for reducing disease burden. We apply artificial intelligence and other advanced data science techniques to our first-of-its-kind Healthcare Map™, which tracks the unique patient journeys of over 320 million patients. We empower a multitude of healthcare stakeholders — life science companies, healthcare payers and providers, patient advocacy groups, and others — to create a more cost-effective, value-driven healthcare system. For more information, visit komodohealth.com.
Keith Swiader, Manager - PR & Communications
Director of Communications, Komodo Health