This article appears in print in the October 2019 issue. See more about the winners of the 2019 Tech Impact Awards here. Click here for a free subscription.
Accolade inc. Chief Executive Officer Rajeev Singh has set an audacious goal for the company: Scale it up to reach as many of the 170 million Americans covered by an employer-sponsored health plan as possible.
The company, which already serves more than 1.5 million employees and their families, recently completed a $50 million financing round. It also introduced two new products this year: Accolade Total Care, which guides people to health care providers and supports them at every stage of care to improve health outcomes and reduce employer health care costs; and Accolade Connect, which offers access to health assistants and nurses via mobile technology.
The company notes that more than 30% of all member interactions now occur on mobile devices. Last year, Accolade brought in more than 500,000 new members and now has 120 employees in the Seattle office, a number it says could double in the next two to three years. It is in the process of building a health and benefits services team in Seattle and is actively seeking to hire nurses, health assistants and clinical specialists. It also is opening a new office in Atlanta this fall.
KenSci is elevating risk prevention in the health care field to a new level through data mining and artificial intelligence technology. The company earlier this year raised nearly $22 million in a new funding round with the goal of propelling its growth. KenSci’s machine-learning platform and predictive apps make use of huge volumes of data from clinical, claims and patient-generated sources to identify health care, financial and operational risks — allowing providers to address potential hazards preemptively to save costs and lives. KenSci was spun out of the Center for Data Science at the University of Washington Tacoma.
98point6 Inc. offers on-demand text-based primary medical care through an app and website, allowing patients to connect with a physician via their smartphones. The service has more than 100,000 members. Most of the company’s clients are businesses looking to save on health care costs and offer employees accessible primary care, but 98point6 also provides individual options. It has some 40 corporate clients in 44 states, with international expansion plans on the radar. The company was launched by entrepreneur Robbie Cape in 2015 and to date has raised an impressive $86.3 million, including a $50 million funding round in October 2018.