Vital Recognized for Achievements in Advancing Digital Transformation in Hospitals
NEW YORK, Dec. 13, 2021 /PRNewswire-PRWeb/ -- CB Insights named Vital, the AI-powered software increasing productivity and improving patient health in hospital emergency rooms, 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."
"COVID-19 made it clear that we must simplify and humanize medical care and communication, especially in the hospital setting," said Vital co-founder and CEO Aaron Patzer. "We're grateful that CB Insights has recognized the strides we've made to ensure that patients and their loved ones have the ability to understand what will be happening during their emergency department visit."
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.
Vital is a modern software for hospital emergency departments that makes it easier to coordinate care and prioritize patients. Launched in 2019 and co-founded by the creator of Mint.com, Aaron Patzer, and Emergency Medicine Physician at Emory Healthcare, Justin Schrager, Vital is now used in more than 80 hospitals across 15 healthcare systems nationwide, including CommonSpirit Health and Emory Healthcare. The service is on track to serve one million patients and caregivers by the end of this year.
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.
Vital is a modern software for hospital emergency departments that makes it easier to coordinate care and prioritize patients. Using artificial intelligence (AI) and natural language processing (NLP), Vital engages patients in their emergency department and inpatient visit, improving patient satisfaction, keeping patients in-network, and generating millions in additional revenue. Founded by Mint.com creator Aaron Patzer (@apatzer), and Emory Emergency Physician Dr. Justin Schrager, Vital is HIPAA-compliant, and a cloud-based software that sits on top of any existing electronic health record system (EHR): Epic, Cerner, Meditech, and more. The company's investors include Transformation Capital, First Round Capital, Threshold Ventures (formerly DFJ Venture), Bragiel Brothers, Meridian Street Capital, Refactor Capital, Vivek Garipalli, SV Angel, Jay Desai (Founder of PatientPing), Brian Manning, and Nat Turner and Zach Weinberg (Founders of Flatiron Health). For more information please visit vitaler.com or follow us on Twitter (@Vital_EHR).
About CB Insights
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CB Insights Press Contact:
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Martha Shaughnessy, Vital, (415) 987-0285, firstname.lastname@example.org