Industry Trends

These 5 Medical Sales Startups Are Putting the Power of Healthcare in Consumers’ Hands

The face of healthcare has drastically changed over the last decade. The depth of research and new technologies have empowered knowledge-based, futuristic products to hit the market. Traditionally, research and development were done by corporations, many of which are in the medical sales industry, specifically.

But the tables are turning.

Now, healthcare startups are pushing the boundaries of maintenance-based care with ingenuity and lower-cost products. Patients and healthcare professionals, alike, are quickly beginning to understand the value of facing conditions before they’re a direct threat. As a result, healthcare startups are gaining momentum and funding — both of which are well-deserved.

Let’s take a look at the current healthcare startups that are changing the course of healthcare as we speak:

1. Forever Labs

Forever Labs is using outpatient Mesenchymal stem cell harvest procedures to help adults prepare for possible future healthcare treatments. Stem cells are powerful rebuilders. They replenish your blood, bone, immune system, and other vital tissues and body systems.

Knowing this, Forever Labs has created an affordable way for people to store their stem cells. As a result, they can use them to recover in the event of various bodily stressors, such as a heart attack or stroke.

For just $1,500, patients can offer a sample of their bone marrow or fat tissue and have their stem cells frozen. This cryopreserve technique stops the aging of cells, allowing them to one day be thawed, just as viable as the day they were harvested.

2. Prognos

Maintenance-based care is the new ideal in healthcare. However, some diseases and conditions aren’t preventable. So, the next best case scenario is diagnosing them as early as possible.

That’s exactly why Jason Bhan and Sundeep Bhan started Prognos, an app that leverages clinical diagnostic data and AI to develop unique, advanced analytics solutions. The company is taking on major challenges in the healthcare industry by collecting and analyzing data from various sources.

The platform then breaks down data to increase the chances of diagnosing and treating diseases faster and sooner than ever.

3. 23andMe

In August, 23andMe, a DNA genetic testing company, accepted an incredible $300 million in corporate investments. With this money, they’re able to continue research and product developments that will help people better understand their history and health.

23andMe’s unique services allow people to take charge of their future. A one-time fee of $139 offers an in-depth glimpse into a patient’s ancestry, genetic health risks, and how their genes play into their overall wellness.

Now, patients are able to monitor their health, use focused maintenance-based care, and ensure earlier diagnoses in the future.

4. BenevolentAI

Medicine has come a long way and continues to treat and heal various conditions. Unfortunately, many diseases remain unresponsive to treatments. BenevolentAI is aiming to pair new drug treatments with the appropriate patients to determine how to treat and cure diseases that haven’t worked in the past.

BenevolentAI’s team of scientists, researchers, and technologies are doing this by using computational and experimental technologies to advance the overall drug development process. Together, they’re developing therapies for diseases once deemed as untouchable such as motor neuron disease, Parkinson’s, sarcopenia, and glioblastoma.

5. AliveCor

The cost of medical testing is so high for many consumers that they simply skip it — until conditions become life-threatening. With new and enhanced medical device technology, AliveCor is producing medical-grade EKG technology that people can carry with them anywhere.

It simply requires the purchase of a small mobile unit that’s compatible with various mobile devices or a band that replaces your original Apple Watch band for $99, an app, and 30 seconds for patients to instantly know the results of their EKG. The company’s SmartRhythm technology works continually with your Apple Watch for a small monthly fee to evaluate the connection between heart rate ranges, activity levels, and other factors saved to your profile.

Its intelligent design notifies the watch if activity levels and heart rates appear inconsistent. A notification is then sent to record an EKG. This life-saving technology is putting the power in consumer’s hands, where it belongs. Without the hassle of scheduling appointments and paying costly bills, they can constantly monitor the state of their health.

What new medical advancements are getting you excited about the future of healthcare?