Forbes, in collaboration with TrueBridge Capital Partners, has identified four healthcare startups in the U.S. that are predicted to reach a valuation of $1 billion or more in the future. Here are the highlighted startups:
- Chapter: This startup, having raised $61 million, uses a vast Medicare plans database to align seniors with the most suitable option. Cobi Blumenfeld-Gantz, a former member of data company Palantir, leads Chapter.
- Medallion: With $85 million in funding, Medallion automates administrative tasks like medical licensure verification and physician enrollment in payer networks. Notable clients include Oak Street Health and VillageMD, and it’s backed by GV, Google parent company Alphabet’s venture capital arm.
- Pendulum Therapeutics: Founded by Colleen Cutcliffe, PhD, after her prematurely born daughter faced health issues possibly due to early-life antibiotics, this startup has secured $116 million in funding. It offers a probiotic for treating Type 2 diabetes and other gut health products. Actress Halle Berry, also an angel investor, is Pendulum’s chief communications officer.
- Verifiable: This company, having raised $47 million, digitally confirms the credentials of medical professionals for hospitals and health systems, claiming to have accelerated the process by over 70% for some clients. It serves more than 400,000 healthcare providers and is backed by Sam Altman, co-founder and CEO of OpenAI.
Thought-Provoking Questions/Insights:
- How might these startups reshape the landscape of healthcare in the coming years?
- What challenges could these startups face in scaling and maintaining their projected billion-dollar valuations?
- How will the integration of technology and healthcare, as seen with these startups, impact patient care and outcomes?