Introduction
In an era of ever-advancing technology, the healthcare industry has become a model for solution-oriented operations. In the wake of the pandemic, the healthcare system has been overwhelmed and exhausted, demonstrating the critical need for automation, efficiency, and improvement.
Health tech startups are one of the fastest-growing sectors within the healthcare sector. By 2026, the Global Healthcare AI Market is expected to account for $19.25 billion, an increase from $0.95 billion in 2017. In addition, since healthcare is a relatively new industry, many health startups are being created or funded weekly.
How is AI used in healthcare?
By utilizing artificial intelligence in healthcare, healthcare providers can improve many aspects of patient care and administrative processes, enabling them to resolve problems faster.
Artificial intelligence (AI) in healthcare is based on machine learning. Many healthcare organizations are moving forward as they can predict which treatment procedures will be successful based on a patient’s genetic make-up and the treatment framework. Precision medicine is the most common application of traditional machine learning.
Moreover, artificial intelligence has studied the human language for over 50 years. Most NLP systems include speech recognition, text analysis, and translation. NLP applications decipher and classify clinical documentation are examples of how artificial intelligence is used in healthcare.
With NLP systems, it is possible to analyze unstructured clinical notes on patients, which provides incredible insight into understanding quality, improving methods, and improving patient outcomes.
Additionally, AI is being used to provide medical consultations based on a patient’s medical history and common medical knowledge in apps such as Babylon. Using speech recognition the app compares users’ symptoms with a database of illnesses. After evaluating the user’s medical history, Babylon suggests a course of action.
Another company, Sensely, developed Molly, a digital nurse that monitors a patient’s condition and follows up on treatments between doctor visits. It specializes in chronic illnesses and uses machine learning to support patients.
A healthcare app developed by Boston Children’s Hospital for Amazon Alexa provides parents with essential health information and advice. In addition to answering frequently asked questions, the app allows you to determine whether you need to see a doctor about your symptoms. It is estimated that 97% of healthcare invoices in the Netherlands are digital. Using AI, a Dutch company highlights errors in treatment and workflow inefficiencies, helping healthcare systems avoid unnecessary hospitalizations.
AI is providing a wide range of solutions in the healthcare industry, and these are just a few examples. Increasing automation and digital workforce capabilities will enable providers to create more time-saving, cost-reducing, and accuracy-boosting solutions.
Explore more AI use cases applied for healthcare via: omdena.com/machine-learning-applications-in-healthcare/
What are the benefits of AI in healthcare?
Artificial intelligence continues to innovate and reinvigorate, especially in the health sector. AI has improved efficiency in healthcare by automating various tasks and managing patients and resources. Among the benefits are:
• Early diagnosis
Data about patients is being analyzed with AI-driven tools to determine their health issues in the past and present. The healthcare professional can provide an accurate diagnosis by comparing the disease details.
Furthermore, it allows one to predict the potential health problems that may arise in the future.
• Reduced costs and increased speed
Regarding speed and cost, AI has changed the game from patient examination to diagnosis. Healthcare processes are faster and cost a fraction of what they once were because of artificial intelligence algorithms. Our bodies contain biomarkers that can indicate disease. AI can identify these markers. By utilizing AI algorithms, we have minimized the amount of manual work that must be done to define these biomarkers.
• An efficient and unique surgical assistance service
With the advancement of artificial intelligence, robotic applications have taken a giant leap forward. Machine learning in surgery is capable of executing even the tiniest movements. We can carry out complex operations more efficiently and with fewer side effects, blood loss, and pain problems. Recovery after surgery is quicker and easier.
• Enhancing human abilities and improving mental health
Robots are now helping medical staff assist patients. Robotic exoskeletons can, for example, help paralyzed people regain their mobility without the help of caregivers. In the same way, smart prostheses powered by AI feature sensors offer a more reactive response than traditional prostheses.
Using machine learning services robots can handle daily tasks and keep patients company. Dedicated companion and conversational robots carry out various tests and checks—for example, sugar levels, blood pressure, temperature control, and medication administration.
What is the future of AI in healthcare?
Across the healthcare industry, AI is already transforming patient care, clinician practice, and pharmaceutical operations. We are only at the beginning of the journey.
Artificial intelligence will be used in health care for various tasks, including answering the phone, reviewing medical records, analyzing population health, designing therapeutic drugs and devices, reading radiology images, diagnosing patients, and conversing with them.
According to the World Economic Forum, artificial intelligence (AI) will access multiple sources of data to reveal patterns in diseases and aid treatment; medical systems will be able to predict patients’ risks of certain diseases and suggest preventive measures; these advances will lead to shorter waiting times for patients and improved efficiency in hospitals. Thus, health systems can provide truly proactive, predictive healthcare.
Top 24 Startups Revolutionizing Healthcare with AI in 2023
Here are the top 24 startups revolutionizing healthcare with artificial intelligence in 2023.
1. Rad AI
Rad AI
RadAI empowers radiologists for the future. Rad AI Omni saves radiologists more than an hour daily by automatically generating impressions from dictated findings. The impression language is individually customized for each radiologist and practice.
Country: USA
Founders: Dr. Jeff Chang and Doktor Gurson
Founded: 2018
Funding: $33M
Applications or projects: Radiology
- RadAI’s mission is to empower radiologists with AI—saving radiologists time, reducing burnout and helping improve the quality of patient care. Rad AI helps radiologist dictate their study indication and findings using your preferred VR software. It then helps auto-generate an impression using your preferred language and style. Afterward, you can review the final report and approve or sign off.
2. BrainSight AI
BrainSightAI
BrainSightAI is an MRI-based SaaS platform to enable greater precision in neurological and psychiatric investigation. BrainSightAI helps patients shorten the path to recovery and good health by leaping from informed estimation to data-assured diagnosis and data-predicted prognosis.
Country: Bangalore, Karnataka, India
Founders: Dr. Rimjhim Agrawal, Laina Emmanuel
Founded: 2019
Applications or projects: fMRI, sMRI, and digital phenotypes
- BrainSightAI is an AI-enabled application suite developed by a diverse and expert team of scientists, researchers, and designers. It enables greater precision in diagnosis and prognosis for neurological and psychiatric disorders, using AI on fMRI, sMRI, and digital phenotypes. It provides evidence-based treatment hooks for neurosurgeons, psychiatrists, and neurologists; and a private and empathetic digital aid for patients.
Source: brainsightai.com
3. TambuaHealth
TambuaHealth
Tambua Health is a medical technology, software, and services company that develops portable ultrasound imaging technology for the developing world. We have developed the T-Scope device, the 1st FDA & CE Approved software-based ultraportable ultrasound for point-of-care and specialized imaging.
Country: San Francisco, California, United States
Founders: Daniel Gathigai, Eric Kirima, Lewis Wanjohi
Founded: 2018
Funding: $250K
Applications or projects: Ultrasound Diagnostic Imaging
- Tambua Health uses lung sound analysis to transform the diagnosis and treatment of respiratory diseases. The company offers precise, non-invasive, and radiation-free lung imaging and lung function testing using acoustic technology. The company was founded in 2018 by Daniel Gathigai and Lewis Wanjohi.
4. Octopus.Health
Octopus.Health
Octopus.Health is a patient engagement platform for proactive population health. The company’s technology creates a Healthcare Personal Assistant that supports millions of patients and tailors a personalized, proactive healthcare plan for each patient based on advanced machine learning algorithms.
Country: Tel Aviv, Tel Aviv, Israel
Founders: Yoav Ariav
Founded: 2018
Funding: $5.9M
Applications or projects: Patient engagement and management
- Octopus.Health offers a comprehensive AI solution for personalized patient adherence management based on behavioral profiling. They help organizations salvage thousands of appointments each year and improve adherence to medication regimens and diagnostic testing, ultimately leading to more efficient clinical management and improved quality of care.
5. VIEBEG
VIEBEG
Viebeg Technologies is a data-driven procurement platform that ensures that hospitals always have the proper medical supplies in stock to treat their patients. The company utilizes artificial intelligence to de-risk and optimize every aspect of the supply chain in hard-to-serve markets, allowing healthcare providers to procure automatically, transparently, and efficiently via the platform.
Country: Nairobi, Kenya
Founders: Tobias Reiter, Alex Musyoka
Founded: 2018
Funding: $1.9M
Applications or projects: Data-driven procurement platform
- Viebeg has already established a commercial presence in Kenya, Burundi, and the Democratic Republic of the Congo, serving 500+ customers since the company’s launch. Viebeg is targeting an underserved $4B+ market in East and Central Africa, with the Covid-19 pandemic augmenting the need to strengthen medical supply chains across the region and bolstering demand for essential supplies.
6. Sweetch
Sweetch
Sweetch is an Artificial Intelligence-based platform for large-scale prediction, prevention, and outcome improvement of chronic diseases – diabetes, hypertension, hyperlipidemia, and obesity. They believe that every individual should live a healthier lifestyle. Currently, no scalable and cost-effective solution exists that helps the prediabetic.
Country: Tel Aviv, Israel
Founders: Yossi Bahagon, Yoni Nevo and Keren Shavit
Founded: 2013
Funding: $35.5M
Applications or projects: Remote health
- Sweetch’s AI-powered, fully automated digital therapeutic solution requires zero human intervention and dynamically supports multiple chronic conditions and their comorbidities within one integrated platform.
Source: Sweetch
7. Celéri Health
Celéri Health
Celeri Health is a software platform that screens and assesses patients’ everyday experiences using Patient-Reported Outcome (PRO) tools from the NIH PROMIS* system.
Country: USA
Founders: David Tannenbaum, Jason Pope, Michael Fishman
Founded: 2018
Funding: $181.5B
Applications or projects: Patient-Reported Outcome registry
- Celéri Health’s Real World Outcomes platform is not an EHR but can integrate with almost any EHR. A Patient-Reported Outcomes (PRO) registry for your practice lets you capture data to inform care surrounding the care of your chronic pain patients, including capturing detailed device data and even integration with FitBit devices.
8. Revkeep
Revkeep
RevKeep offers software that helps healthcare providers simplify the post-payment medical audit process. The company’s software centralizes the claims management and audit response process and tracks, completes, and submits necessary audit responses, meeting critical deadlines.
Country: Birmingham, Michigan, United States
Founders: Kevin Lasser
Founded: 2017
Funding: $100K
Applications or projects: Healthcare audits
RevKeep reduces the disruption and resources needed to respond to recovery audits. The software makes it easy to streamline healthcare billing and post-payment audit processes.
9. Droxi
Droxi
Droxi’s AI tool helps primary care physicians reduce the amount of time spent on non-patient-facing tasks and improve the quality of care by creating a Patient-Specific Storytelling. Physicians no longer have to go through tens of different tabs and thousands of fields in the medical record. Instead, Droxi identifies and visualizes the most relevant clinical factors for each task so physicians can quickly cross them off their list.
Country: Israel
Founders: Gadi Shenhar, Raveh Ben Simon
Founded: 2021
Applications or projects: Healthcare Management
Droxi’s AI tool helps primary care physicians reduce the amount of time spent on non-patient-facing tasks and improve the quality of care by creating a Patient-Specific Storytelling.
10. ArdenMed
ArdenMed
ArdenMed is a charitable project with more than 30 active volunteers from all over the world. We work to save the hundreds of thousands of people who die preventable deaths every year by developing an oxygen concentrator that is more affordable, consumes less power, and produces oxygen reliably for years.
Country: the USA and New Zealand
Founders: Alan Thomas
Founded: 2019
Applications or projects: Oxygen concentrators
- ArdenMed oxygen concentrators solve the dire need for resilient oxygen concentrators in low and middle-income countries that are fit for purpose for low and middle-income countries.
11. DoMore Diagnostics
DoMore Diagnostics
DoMore Diagnostics is on a mission to transform cancer diagnostics with artificial intelligence to improve patient care and make drug development more effective.
Country: Norway
Founders: Torbjørn Furuseth, Sepp De Raedt
Founded: 2020
Funding: $1.72M
Applications or projects: V1 Colorectal Cancer Marker, Future Pipeline
- V1 Colorectal Cancer Marker: The V1-CRC-marker can predict the prognosis of a patient’s cancer and guide a more precise treatment for each patient, thereby avoiding over-and undertreatment.
- Future Pipeline: DoMore Diagnostics is dedicated to expanding potential and impact on improving patient lives. They are actively pursuing developing and advancing products to tackle lung and Prostate cancer and determine the Mitotic index for improved patient impact.
12. Dr. CADx
Dr CADx
Dr. CADx uses deep learning to build a computer-aided diagnostic system to help doctors diagnose medical images more accurately.
Country: Zimbabwe
Founders: Gift Gana, Tatenda Madzorera
Founded: 2016
Funding: $25K
Applications or projects: AI image analysis platform, Reducing the Risk of Misdiagnosis of Chest X-rays with Deep Learning (With Omdena)
- AI image analysis platform: Dr CADx AI image analysis platform provides doctors with fast and accurate insights when reading X-rays, and so avoid misdiagnoses.
- Reducing the Risk of Misdiagnosis of Chest X-rays with Deep Learning: Omdena partnered with Dr. CADx analyze medical images for features that suggest the presence of diseases.
13. Shyld AI
Shyld AI
Shyld uses the power of artificial intelligence to eradicate and stop virus transmission of all types.
Country: USA
Founders: Mohammad Noshad, Morteza Noshad
Founded: 2020
Applications or projects:
- AirSani (Intelligent Air & Surface Disinfection For Indoor Spaces): AirSani devices are equipped with an array of smart sensors that constantly monitor the surrounding environment for certain events that may spread the virus.
14. Prealize Health
Prealize Health
Prealize uses machine learning to transform care from reactive to proactive so that more people can live healthier lives.
Country: USA
Founders: Nigam Shah, Arnold Milstein
Founded: 2015
Funding: $30.1M
Applications or projects:
- RiskInsight: For underwriters seeking to find future high-cost claimants at the individual and group level to make more accurate pricing decisions.
- ConsumerConnect: For consumer experience, member experience, and digital strategy leaders seeking to engage more members and improve outcomes
- ConsumerConnect High Touch: For clinical, health services, care management, and physician leaders seeking to prioritize future high-cost claimants and intervene earlier.
- Health Equity: For all healthcare leaders seeking to close the equity gap and provide holistic support for members based on predictive, actionable insights.
15. PEP Health
PEP Health
The Patient Experience Platform (PEP) automatically identifies and gathers millions of publicly-available feedback items from various online platforms, including social media.
Country: United Kingdom
Founders: Dr Alex Griffiths, Dr. Meghan Leaver
Founded: 2018
Funding: Pre-Seed
Applications or projects:
- The PEP Health dashboard: PEP provides NHS trusts, commissioners, and those responsible for setting policy the opportunity to listen to their patients, learn from what they have to say, and start to measure their experience.
16. GluCare Health
GluCare Health
GluCare Integrated Diabetes Center is the GCC’s first full-service digital therapeutic diabetes clinic.
Country: United Arab Emirate
Founders: Dr. Ihsan Almarzooqi, Ali Hashemi
Founded: 2019
Funding: Pre-Seed
Applications or projects:
- Bariatric Management: At GluCare.Health, the Bariatrics Program is the world-first program incorporating digital therapeutics as part of their patients’ standard pre & post-operative care.
- Cardiology: To win the battle against chronic conditions like hypertension, patients need behavioral, science-led care between in-person appointments.
- Diabetic Foot Clinic: At GluCare.Health we treat patients with Diabetic Foot Syndrome.
- Thyroid Clinic: At GluCare.Health experts diagnose and treat patients with various thyroid disorders.
17. Kara Health
Kara Health
Kara Health is a healthcare company that provides asset-lite services like home care, telehealth, remote monitoring, and other technology.
Country: USA
Founders: Devan Walia, Ravnyssa Verma, Taj Walia
Founded: 2017
Funding: Pre-Seed
Applications or projects:
- For Patients: Kara Health works with healthcare providers to offer care and support to patients who need it most.
- For Health Systems: Kara Health partners with Health Systems to maximize the clinical and fiscal impact that improves patient outcomes, satisfaction, and loyalty.
- IPAs / Physician Groups: Kara Health collaborates with PCPs and Specialists by adding an extra layer of in-home support to increase patient engagement and improve outcomes
- Payers: Kara Health partners with payers looking to improve patient outcomes, increase patient satisfaction, and achieve market-leading cost savings.
18. Emtiro Health
Emtiro Health
Emtiro Health deploys a total population health management solution that includes provider, patient, and payer-focused solutions. They support providers, systems, and payers with unparalleled expertise and knowledge achieved through data and analytics to achieve improved outcomes and patient experience at a lower cost of care.
Country: USA
Founders: Kelly Garrison, President and CEO
Founded: 2017
Funding: Pre-Seed
Applications or projects:
- Provider-Focused Solutions: Emtiro’s comprehensive approach includes everything from practice assessments and recommendations to helping you achieve national recognitions, such as Patient Centered Medical Home or Patient Centered Specialty Practice.
- Patient-Focused Solutions: Emtiro provides support to patients, no matter where they are on the care continuum. From wellness and prevention education to complex care management, we use highly skilled and experienced care teams to meet the patients’ needs.
- Payer-Focused Solutions: Emtiro partners with payers to develop and deliver provider education and training programs, comprehensive provider network recruitment, and a delegated service model to deliver high-quality, effective care management and provider services.
19. 33n
33n
33N is a multidisciplinary team that provides analytics, consulting, training, and modeling services.
Country: USA
Founders: –
Founded: 2018
Funding: Pre-Seed
Applications or projects:
- CLEAR: CLEAR is a work-based learning initiative supported by Health Education England and delivered by 33n. The National CLEAR Programme provides innovation expertise, data analysis, and a unique methodology that allows clinicians to redesign clinical teams and services.
- CIRLC: CIRLC, which stands for COVID-19 ICU Remote Learning Course, is an online learning course devised in just one week.
- HEX: Health Economics Explained (or HEX for short) is a one-day, online, interactive course designed to teach health economics fundamentals to those closest to healthcare delivery.
20. Ignis Health
Ignis Health
Ignis Health helps manage telehealth service lines for hospitals and health systems with state-of-the-art technology software solutions.
Country: USA
Founders: Najib Ben Brahim
Founded: 2012
Funding: $180M
Applications or projects:
- TSIM: Utilize a centralized and standardized framework to scale and improve your telehealth program.
- TRP: TRP is a telehealth business intelligence platform that centralizes and analyzes real-time data from clinical, financial, and operational sources to gain actionable insights on everything from quality of care outcomes to ROI.
21. Ancore Health
Ancore Health
Ancore Health is a healthcare consulting and analytics company specializing in practice management and physician alignment.
Country: USA
Founders: Eric Passon
Founded: 2017
Funding: Pre-seed
Applications or projects:
- Ancore Practice Management Reporting Solution: A-PM Providing actionable insights and enabling a data-driven culture.
22. Keva Health
Keva Health
Keva Health’s digital platform uses AI technology for providing respiratory remote care monitoring. It creates personalized care experiences for respiratory disease patients.
Country: USA
Founders: Jyotsna Mehta
Founded: 2017
Funding: Pre-seed
Applications or projects:
- Keva365 (Remote Monitoring Platform for Respiratory Health): Keva365 is a Physician’s tool for chronic disease management and care optimization in-between visits.
23. Wise Healthcare
Wise Healthcare
Wise Healthcare offers virtual medical assistance facilities that provide accurate and convenient medical consultation & diagnosis services.
Country: USA
Founders: Sajid Ahmed
Founded: 2017
Funding: $300M
Applications or projects:
- Afya: An Artificial intelligence-driven technological platform specialist-engineered, AI-enabled mobile application that allows smartphone users to quickly, accurately, and conveniently diagnose most medical conditions and reach appropriate care.
- Virtual Care (VC): WISE has developed a Virtual Care (Telehealth) strategy to meet the needs of a growing healthcare consumer base. This strategy covers a wide range of services and approaches, including connecting members in areas and underserved urban areas to specialists.
- Workflow Engineering (WE): The WISE Innovation Change Approach (INCA) uses design thinking and lean methodologies to improve outcomes quickly.
24. Deep Bio
Deep Bio
Deep Bio is a medical AI startup that aims to revolutionize cancer diagnosis. Deep Bio combines cutting-edge AI algorithms with digital pathology to empower pathologists and streamline existing workflows.
Country: South Korea
Founders: Sun Woo Kim
Founded: 2015
Funding: Series B
Applications or projects:
- AI-based cancer pathology image analysis solutions. Available with & without DeepDx Viewer.
- Products under development
