Prognosis positive: 24 Chicago health tech companies redefining the space

by Alyssa Schroer
August 4, 2017

Access to healthcare and the quality of care is a hot topic in Washington these days, but key players in the tech space have been working on these issues for decades. Chicago is a nerve center for health tech and we've rounded up 24 startups and tech companies working on everything from helping hospitals reduce infections to making office dwellers healthier while sitting at their desks. 

payformance solutions health tech company chicago
payformance solutions

What they do: Payformance Solutions, an Altarum Company, is changing the way health care is paid for. Their platform, TrustHub, offers transparent solutions to payers and providers for negotiating reimbursement contracts.

How they're changing healthcare: Payformance is working to alter the way we pay for health care from quantitative to qualitative, resulting in better health outcomes at lower costs.

Founded: 2017

Funding: N/A

 

bswift healthtech company chicago
bswift

What they do: Bswift is a cloud-based platform that streamlines the HR process.

How they're changing healthcare: Bswift’s software is completely customizable based on each company’s needs, and it allows for employees to pick and choose their benefits. The benefits enrollment and administrative platform assists healthcare companies in tracking and administering better benefits packages.

Founded: 1996

Funding: $51M

 

pareto intelligence healthcare companies chicago
pareto intelligence

What they do: Pareto Intelligence is a data and analytics company providing insights that help healthcare organizations manage risk, revenue and cost.

How they're changing healthcare: The company enables healthcare providers, systems and plans to identify risks and inefficiencies, improving their long-term financial performance. To date, Pareto has already analyzed over 100 billion dollars in medical costs and claims. 

Founded: 2013

Funding: N/A

 

gohealth health tech company chicago
gohealth

What they do: GoHealth's platform is a beacon in the often  confusing and complicated world of health insurance. Not just for consumers, the company offers solutions for every player in the industry, including carriers and insurance agents.

How they're changing healthcare: GoHealth has helped over 2 million users find the right coverage while providing the information and insight needed to fully understand their plans.

Founded: 2001

Funding: $75.38M

 

higi health tech company chicago
higi

What they do: Higi is a health station that lets users track their health. Going beyond steps and heart rate, the Higi informs on a variety of health factors like Body Mass Index, pulse, weight, blood pressure and body fat percentages.

How they're changing healthcare: Higi station checks paint a full portrait of a user’s health, and its mobile app lets them monitor progress from anywhere at anytime. Higi also has a built-in community where users can find friends to follow and groups to join for that extra bit of support.

Founded: 2012

Funding: $40M

 

lumere health tech company chicago
lumere

What they do: Procured Health is the creator of a software suite that helps healthcare providers spend wisely on medical supplies, devices and drugs. (Update: Procured Health is now Lumere.) 

How they're changing healthcare: The platform’s three solutions, IntelligencePRO, EvaluationPRO and PipelinePRO, mine data and use clinical evidence to rid providers of wasteful spending, ultimately lowering costs for patients and improving overall care.

Founded: 2012

Funding: $15.1M

 

swipesense health tech company chicago
swipesense

What they do: SwipeSense has created a hand hygiene monitoring system for hospitals and healthcare facilities. The technology uses cloud sensors and hygienic dispensary devices to record staff usage, helping hospitals track hand hygiene rates and reduce the need for manual observation.

How they're changing healthcare: Approximately 1.7 million hospitals in the U.S. experience infection outbreaks each year. With an average cost of $15,000 per infection, SwipeSense is working to reduce a costly and dangerous problem in the healthcare space.

Founded: 2012

Funding: $16.33M

 

tempus health tech company chicago
tempus

What they do: Tempus is creating the largest library of clinical and molecular data in the world. The goal is to ultimately bring cancer treatment into the 21st century with data-driven insights physicians can use to make more effective and personalized treatment decisions.

How they're changing healthcare: Tempus is working to make each patient experience better than the last and have partnered with a swath of prominent institutions like Mayo Clinic, Northwestern Medicine and Rush University Medical Center.

Founded: 2015

Funding: N/A

 

veritas health health tech company chicago
veritas health

What they do: Veritas Health produces original peer-reviewed articles written by physicians to boost patient education on chronic pain and musculoskeletal conditions.

How they're changing healthcare: With over six million monthly patient visits, Veritas has four websites featuring educational content covering health topics relating to sports, osteoporosis, the spine and arthritis.

Founded: 1999

Funding: N/A

 

evive health tech company chicago
evive

What they do: Evive creates customized tools to help users stay on top of their health needs. The technology analyzes and translates data points into suggestions like an alert for a user with seasonal allergies during a high pollen streak, or a recommendation to schedule an annual screening.

How they're changing healthcare: Evive is a big-data-meets-behavior solution, giving people the ability to make better preventative health decisions that ultimately result in millions of dollars in cost savings.

Founded: 2007

Funding: N/A

 

villageMD health tech company chicago
villagemd

What they do: VillageMD is creating a new clinical model for primary care physicians. The model improves both patient care and economic performance of practices through data analytics, support services and physician-based care coordination.

How they're changing healthcare: The VillageMD model works in a local, personalized setting and is unique to each practice, customized to the physicians and patients within the market.  

Founded: 2013

Funding: $36M

 

human practice health tech company chicago
human practice

What they do: Human Practice is the creator of Preferral, a mobile referral platform used by physicians to find the right specialists for their patients.

How they're changing healthcare: Many physicians are limited in their referral capabilities. Human Practice’s solutions provide a broader network of colleagues to refer through, expanding and improving patient care.

Founded: 2010

Funding: N/A

 

opernative health tech company chicago
opernative

What they doOpternative uses an online vision test and a subsequent review by an optometrist to provide quick, office-free vision prescriptions. 

How they're changing healthcare: The service lets users manage their vision prescription needs from home, which is especially convenient when patients find they've run out of contact lenses or need a pair of new glasses in a hurry.

Founded: 2013

Funding: $9.5M

 

compsych healthtech company chicago
ComPsych

What they do: ComPsych is the world’s largest provider of employee assistance programs.

How they're changing healthcare: The healthcare company is servicing over 100 million people across the world through employee assistance, behavioral health and FMLA programs. The company’s flexible and customizable programs help businesses attract and retain employees.

Founded: 1984

Funding: Undisclosed

 

outcome health health tech company chicago
outcome health

What they doOutcome Health uses technology to create informational platforms for physicians and patients. Working to improve health decisions and patient experience, the healthtech company's interactive tablets, anatomy boards and mobile connectivity solutions are in consultation rooms across the country.

How they're changing healthcare: Outcome has a vast network, with a presence in over 20 percent of physician offices in the U.S. with an eye for expanding that number to 70 percent by 2020.

Founded: 2006

Funding: $500M

 

emmi health tech company chicago
emmi

What they do: Emmi helps patients take a more active role in the management of their own healthcare with easy-to-use platforms that address everything from surgical preparation to screening reminders. 

How they're changing healthcare: Emmi's software combines simple, conversational language and multimedia to reach patients beyond the doctor's office, keeping them more informed and engaged throughout the entire care cycle. 

Founded: 2002

Funding: Acquired by Wolters Kluwer in 2016.

 

cubii health tech company chicago
cubii

What they do: Cubii is an ergonomic elliptical device designed to keep people sitting for long periods of time active. Cubii is smaller than other under-desk fitness devices and can be used in most spaces, eliminating banged-up knees and the need to rearrange furniture.  

How they're changing healthcare: Since the phrase, “sitting is the new smoking” gained traction, office dwellers are looking for new ways to workout. Cubii's portable device offers a healthier version of sitting that can be used anywhere.  

Founded: 2014

Funding: N/A

 

analyte health health tech company chicago
analyte health

What they doAnalyte Health helps patients consume and understand diagnostic information. The company provides on-demand access to physicians and same-day lab appointments that are usually delivered within three days.  

How they're changing healthcare: Analyte has provided over 2.2 million lab results safely and cost effectively to patients while simultaneously shortening the turnaround of test results.

Founded: 2007

Funding: $44.8M

 

caremerge health tech company chicago
caremerge

What they do: Caremerge closes the gap in communication between people in nursing facilities and their loved ones. The company's dashboards provide complete integration of cross-platform information for both care providers and family members.

How they're changing healthcare: Caremerge helps family members see what their loved ones are doing throughout the day, giving them peace of mind while giving providers an easy system for patient care management.

Founded: 2010

Funding: $20.1M

 

first stop health health tech company chicago
first stop health

What they do: First Stop is a telehealth service providing 24/7 access to physicians, health information and advocacy services.

How they're changing healthcare: First Stop is the answer to urgent medical needs when the doctor’s office is closed and the condition doesn’t warrant a trip to the emergency room.

Founded: 2011

Funding: $5.9M

 

preparedhealth health tech company chicago
preparedhealth

What they do: PreparedHealth creates software that makes it easier to deliver home care.

How they're changing healthcare: Prepared’s platform enables smooth facility-to-home transitions, stronger communication, real-time updates and services ranging from meal delivery to home-based caregivers.

Founded: 2014

Funding: $4.2M

 

texture health health tech company chicago
texture health

What they do: Texture Health creates healthcare solutions to connect the entire care system from patients to providers.

How they're changing healthcare: Texture enables every player in the health care system to connect, communicate and collaborate with one another effectively.

Founded: 2016

Funding: N/A

 

triggr health health tech company chicago
triggr health

What they do: Triggr Health has created a predictive tool for addiction recovery, offering 24/7 support for users in their moments of need.

How they're changing healthcare: Using phone sensors and data, Triggr can detect potentially regressive behavior up to three days prior with 92 percent accuracy. This lets professional advocates intervene before it is too late.

Founded: 2014

Funding: N/A

 

upfront healthcare health tech company chicago
upfront healthcare

What they do: Upfront Health is creating a more efficient system to handle large volumes of in-office patient visits.

How they're changing healthcare: Upfront’s program evaluates each visit at a practice, analyzing schedules and logistics to determine the best actions for avoiding wasted or unnecessary appointments, incomplete tests and no-shows.  

Founded: 2015

Funding: $6M

 

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