The top 20 digital health companies in the U.S. had median funding of $67.5 million as of April 2017, compared to $5.3 million for the rest of the industry, according to a study published in Health Affairs.
For its cross-sectional observational analysis, the researchers examined companies identified using Crunchbase. Crunchbase is an open-source database run by the technology publication TechCrunch. The study authors analyzed these companies' services, related peer-reviewed evidence and how their products could affect patients with high-burden conditions.
Twenty-five percent of the top 20 companies focused on data analytics, while biosensor companies, like those that make wearables, gleaned the highest total funding at $706 million.
Notably, while big money is being poured into digital health companies, data suggests the top-funded companies have not yet shown results indicating a large effect on disease burden or healthcare costs.
"Our findings indicate the importance of fostering an environment, with regard to policy and the consumer market, that encourages the development of evidence-based, high-impact products," the authors concluded.
Here are 20 of the top-funded privately held digital health companies in the U.S. as of April 14, 2017:
Jawbone — $591 million
Privia Health — $418 million
Health Catalyst — $222 million
Welltok — $164 million
Accolade —$163 million
Sharecare — $160 million
PatientsLikeMe — $127 million
SERMO — $101 million
Doximity — $82 million
Lumos Labs — $71 million
Misfit Wearables — $65 million
Kyruus — $62 million
Heal — $59 million
MedeAnalytics — $57 million
RedBrick Health — $57 million
Athos — $51 million
DaVincian Healthcare — $50 million
HealthCentral — $50 million
Propeller Health — $48 million
Quartet — $47 million
Editor's note: This article was updated Jan. 10, 2018.
More articles on health IT:
'Idiot,' 'dumb': Partners HealthCare flags 'cranky' comments to improve EHR alerts
Best Buy has quietly grown a home healthcare business: 4 things to know
In 2009, Microsoft predicted what 2019 would look like — Here's how it stacks up today