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NEW YORK, Dec. 9, 2021 /PRNewswire/ -- CB Insights named Rightway, a company revolutionizing care navigation and pharmacy benefits to its third annual Digital Health 150, which showcases the 150 most promising private digital health companies in the world. This year's Digital Health 150 was unveiled live during CB Insights' annual Future of Health event.
The 2021 Digital Health 150 cohort has raised roughly $14.9B in aggregate funding across 522 deals since 2016, and includes startups at various investment stages of development, from early-stage to well-funded unicorns. Companies this year include startups working on data integration & analytics, hybrid virtual / in-person care, digital therapeutics, clinical intelligence, and more.
"This year's Digital Health 150 is one of our most expansive yet, spotlighting 16 categories including virtual care, clinical trials tech, and workflow automation, as well as adding new categories such as home health tech and computer-aided imaging," said Brian Lee, SVP of CB Insights' Intelligence Unit. "Last year's class has seen more than 20 exits, raised an additional $18.6B in aggregate funding, and announced over 250 partnerships since being recognized, and we're excited to see the future success of this year's winners."
"Rightway was founded to unlock transformational healthcare outcomes by making guidance and advocacy accessible to all," said Jordan Feldman, co-founder and CEO of Rightway. "The Digital Health 150 recognition shows that we are doing just that. Our care navigation and pharmacy benefits solutions utilize clinical experts to guide members to the highest quality providers and medications, delivering better care and happier employees at a lower cost. We are honored to be included alongside such cutting-edge companies."
Through an evidence-based approach, the CB Insights research team selected the Digital Health 150 from a pool of over 11,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights' proprietary algorithm that measures the overall health and growth potential of private companies.
Rightway's healthcare navigation solutions and pharmacy benefits management (PBM) provide a clinical, concierge "front door" to healthcare for over 1 million members. Employers, TPAs, health plans, and coalitions partner with Rightway to fundamentally improve their employees' healthcare experience control healthcare costs.
Its mobile-first care navigation platform is led by clinical guides who navigate members through their entire healthcare journey, and has been proven by a third-party actuarial analysis to lower healthcare costs by 15%. Rightway's transparent PBM dismantles the traditional model, unlocking margin trapped in the supply chain and delivering it back to plan sponsors and members. High-touch pharmacy navigation and better utilization management enables Rightway clients to save an average of 18% in first year pharmacy spending.
2021 Digital Health 150 Investment Highlights:
Unicorns: 17 of the 150 companies (11%) are valued at or above $1B as of their latest funding rounds.
Funding trends: In 2021 year-to-date (YTD), these 150 private companies have raised $9.2B in equity funding across 153 deals (as of 11/19/21).
Mega-rounds: Since 2020, there have been 39 mega-round ($100M+) equity investments to this year's Digital Health 150, with 31 (79%) of them taking place in 2021 YTD.
Global representation: 23% of the 2021 Digital Health 150 are based outside the US. After the US, the UK is home to the most Digital Health 150 companies (9), followed by India (4). This year's winners are based in 18 countries, including China, Israel, Nigeria, Germany, Argentina, and New Zealand.
Top VC investor: General Catalyst is the most active investor in this year's Digital Health 150 companies, having invested in 39 deals since 2016.
The Digital Health 150 Companies (in alphabetical order):
1upHealth
54gene
Ablacon
Acclinate
accuRx
ACTIV Surgical
Ada Health
Adyn
AKASA
Allara Health
Alma
Altoida
AppliedVR
Astarte Medical
b.well
Better Health
Binx Health
BioIntelliSense
Birdie
BrightInsight
Brightline
c2i Genomics
Caption Health
Caresyntax
Carrum Health
Castor EDC
Cedar
Centaur Labs
Circulo
Cityblock Health
Clarify Health
Cleerly
Cleo
ClosedLoop.ai
Cohere Health
Commure
Congenica
Curebase
DeepScribe
DiA Imaging Analysis
eko
Eleanor Health
Element5
Elemy
Elligo Health Research
Elucid
Emocha Mobile Health
Empathy
Equip
Exo
Field Intelligence
Folx Health
Genome Medical
GYANT
Happify
Hawthorne Effect
Headway
Health Gorilla
Hello Heart
Hinge Health
Honor Technology
Innovaccer
Iterative Scopes
ixLayer
Jasper Health
Kaia Health
Koa Health
Komodo Health
League
LeanTaaS
LetsGetChecked
Limbix
LinkedCare
Loop Health
Lumen
Lunit
Mahana Therapeutics
Medable
Medically Home Group
Medly Pharmacy
MedRhythms
Memora Health
Meru Health
Monogram Health
mPharma
NeuroFlow
Nile AI
NOCD
Nym
ObvioHealth
Olive
Ophelia
Osana
Oshi Health
Osmind
Overjet
Oviva
Oxehealth
Paige.AI
Papa
PathAI
Perspectum
Phable
Plume
Pristyn Care
Proximie
Quit Genius
Qure.ai
RadAI
Reify Health
Rendever
Ribbon Health
Rightway
See-Mode Technologies
Seer Medical
Sempre Health
Seqster
Shukun Technology
Sidekick Health
Soda Health
Somatus
Sonde Health
Spring Health
Stellar Health
Stork Club
Strata Oncology
Sweetch Health
Sympatient
Syntegra
Tendo Systems
Theator
Tia
Tomorrow Health
Transcarent
Tripp
Truepill
Twin Health
uLab Systems
Ultromics
Unite Us
Unmind
Vesta Healthcare
Vital
Vocalis Health
Vori Health
Wellsheet
Wheel
Woebot Health
Xealth
Zeen Health
About CB Insights
CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.
CB Insights Press Contact:
press@cbinsights.com
About Rightway
Rightway's human-led clinical care navigation and effective, transparent PBM guide over one million members to high-value care and medications. Clinicians and pharmacists engage with members during their care journey through a modern mobile and web app. Powerful technology enables one-on-one clinical guidance at a fraction of the cost of traditional care navigation solutions, reducing healthcare costs by 15%. Rightway's PBM is the only pharmacy benefit manager integrated with care navigation. It delivers fully aligned, pass-through pricing and personalized pharmacy navigation, transforming the member experience and lowering employer pharmacy spend by over 15%. Companies choose Rightway for its ability to reimagine the consumer experience, drive industry-leading engagement, and control healthcare costs. For more information, visit www.rightwayhealthcare.com.
Rightway Press Contact:
Rita Lebedeva
info@rightwayhealthcare.com
