10 healthcare startups to watch in 2023
Healthcare, personal or otherwise, mental or physical, is an ever-present topic of conversation and concern in the current day and age.
As people become more and more aware of their own well-being, as well as those around them, more services and options are springing up to meet needs that sometimes have otherwise been largely neglected.
This is where the wonderful world of healthcare startups is thriving, whether it be small-scale operations tackling niche problems or larger ones addressing widespread problems it seems that 2023 is the year there could be something for everything.
This short list will explore just a handful of these exciting healthcare startups that will hopefully bring peace of mind to countless people around the globe all facing different issues.
1 – Hinge Health
Hinge Health specialises in the treatment of chronic musculoskeletal conditions such as joint and back pain. The company aims to deliver at-home physical therapy services through a combination of app-based virtual communication with physical therapists and healthcare professionals alongside wearable body-tracking devices. Beyond this layer, Hinge also offers health coaching for remote physical and behavioural health therapy. By syncing the wearable devices to the app patients and professionals are able to track and treat their conditions.
Through a combination of their app, digital access to health specialists, and wearable sensors Hinge strives to improve the quality of care for patients away from clinics and hospitals as well as avoid preventable future worsening of conditions.
2 – CareRev
CareRev works as a middleman between healthcare facilities and medical professionals, providing a direct line of communication between the two in real-time. The online marketplace CareRev provides allows organisations to reduce labour costs whilst empowering workers to take control of their own careers. Healthcare facilities can find freelance professional staff when required and professionals can find shifts when and where they please.
CareRev currently sees to over 30 hospitals/health systems, 500 outpatient centres as well as 11,000 healthcare professionals aiming to continually expand as its success grows.
3 – SonderMind
SonderMind works to pair individuals in need with therapists that meet their individual mental health requirements.
Co-Founders Mark Frank and Sean Boyd started the company following their own experiences within a flawed mental healthcare system in which they noted poor patient and clinician experiences. The platform provides a quick matching and scheduling system that helps to better coordinate people with their care whilst also giving administrative tools to help therapists better their engagement and services with patients.
4 – Pocketpills
Pocketpills is an online medication manager and delivery service providing its customers with easier access to pharmacists. The company offers its clients online convenience, discreet packaging, and free delivery straight to their doors when it comes to prescriptions.
Pocketpills is able to offer new prescriptions or transfer existing ones to their system. Their specialist pharmacists ensure the accuracy and swiftness of medication that is then delivered for free with constant tracking.
5 – DispatchHealth
DispatchHealth offers healthcare services that come straight to your home. By using the app, website, or phone call, patients can request services such as medical visits or urgent care after which trained medical teams will be dispatched to the client’s location for treatment.
DispatchHealth has even recently expanded to offer additional services such as at-home radiology that can be used to diagnose and treat diseases within the body.
6 – Insitro
Insitro is working towards new methods of medicine development that utilise the constantly expanding technologies of AI and machine learning to transform the ways new drugs are discovered and delivered to patients.
The company also offers a unique environment that allows for teams across various disciplines of medicine to collaborate in new ways. By combining the worlds of scientists, engineers, and drug hunters alongside machine learning they hope to advance the medicines of tomorrow.
They have recently expanded into exciting future fields such as gene editing.
7 – Parachute Health
Parachute Health is a platform that enables clinical facilities to order medical equipment in a simplistic manner than ensures on-time and swift delivery of products. The company sees to over 40,000 clinical facilities, has 2,000 supplier locations, and provides over 10,000 products and services.
Parachute Health strives to provide clinics and clinicians with a more streamlined approach to getting their hands on crucial medical equipment, eliminating workloads and errors whilst enhancing overall efficiency throughout the process. Suppliers get an increase in efficiency and sales, clinicians spend less time ordering and more time with patients, and patients receive the products they need and a fast and reliable manner.
8 – ABLE Human Motion
ABLE Human Motion is a startup ensuring lightweight and affordable robotic exoskeletons to enable wheelchair users more mobility. The Barcelona-based startup develops technology it hopes can empower those with limited mobility by providing better mobility and increased independence.
By pioneering a lightweight and affordable exoskeleton, ABLE aim to help those with movement disabilities have a better quality of life whilst also enabling clinicians to improve rehabilitation methods. Alongside the exoskeleton, the company also offers ABLE Care, a cloud-based mobile app that allows patients to access personalised and data-driven therapy anywhere.
9 – Acurable
Acurable is a London-based startup whose mission is to ensure that no patient dies of a treatable condition. The company’s focus lies in the accurate diagnosis and management of respiratory conditions at home through its wearable medical devices. These devices are used to reduce costs, diagnose, and treat medical conditions at home, and reduce the chances of misdiagnosis.
10 – Bloomlife
Bloomlife is a startup that is working towards wearable medical devices specifically for pregnant women, to improve birth outcomes. The company has developed a wearable product alongside data analytics that it hopes will help women achieve increased access to care, help doctors predict and prevent pregnancy complications as well as provide feedback to mothers that are personalised to each individual case.