Company is recognized for achievements in administrative automation & digitization
NEW YORK--(BUSINESS WIRE)--CB Insights today named Abacus Insights to its second annual Digital Health 150 ranking, which showcases the 150 most promising private digital health companies in the world.
The 2020 Digital Health 150 cohort highlights startups that are reimagining the lines of the traditional healthcare experience across 12 categories, from Virtual Care Delivery and Clinical Trials, to Drug Discovery and Specialty Care. Countries represented this year include Canada, China, Israel, France, the United Kingdom, and the United States, among others.
“This year’s Digital Health 150 is our most global ever, covering the best private healthcare companies from 17 countries. Beyond geographic diversity, these companies are innovating across the entire healthcare value chain, spanning technologies that benefit pharma & biotech companies, to payers, hospitals, insurers, and more,” said CB Insights CEO Anand Sanwal. “Last year’s Digital Health 150 winners saw numerous exits and went on to raise nearly $5 billion in investor financing after being recognized. We look forward to seeing the success of this year's class of the best in digital health."
“We’re honored to be included by CB Insights alongside other leaders in digital health,” said Dr. Minal Patel, founder and CEO of Abacus Insights. “With our recent announcement of the launch of our CMS Interoperability Solution and our designation as a Qualified Entity, we are focused on helping health plans liberate their data to improve the quality of healthcare and outcomes for patients. We have assembled a team that brings tremendous domain expertise in healthcare combined with deep technical cloud computing and data experience. With Abacus Insights, health plans work seamlessly with a team that can both help them comply with the CMS mandate and innovate faster to transform their business, but more importantly bring solutions that improve the lives of the members they serve.”
Through an evidence-based approach, the CB Insights research team selected the Digital Health 150 from hundreds of applications based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Abacus Insights is the leading data integration and interoperability platform. It standardizes, curates and enriches valuable healthcare data that is currently sitting idle, moving it out of restrictive silos, and securely into the cloud. It then combines and further enriches that data with hundreds of third-party data sources. The platform offers an intelligent, feature-rich, and security-focused foundation for sharing data and enables health insurers to reconcile thousands of unique attributes to create a more personalized healthcare experience in everything from diabetes care and wellness programs to managing the COVID-19 pandemic.
In addition to the certification as a Qualified Entity by the Centers for Medicare and Medicaid Services, and recent release of the CMS Interoperability solution, Abacus Insights also recently raised a $35 million Series B round from top strategic and venture investors including Blue Venture Fund, CRV, .406 Ventures, Horizon Healthcare Services Inc., and Echo Health Ventures, a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
About Abacus Insights
Abacus Insights enables health plans to offer a seamless, personalized care experience for members by reconciling thousands of unique attributes about individual consumers and their health that legacy systems simply cannot. We allow health plans to fulfill a critical role in ensuring that when a member visits the doctor’s office, lab, pharmacy, specialist, hospital and even at home -- the care provider always knows who they are, creating an “n-of-1” experience for all. For more information, please visit www.abacusinsights.com, LinkedIn, or Twitter.
Keith Swiader, Manager - PR & Communications