Ten innovative healthcare startups ramping up in Singapore
With the aspiration to become the world’s first smart nation, Singapore is taking a lot of bold steps, including providing the right developmental framework for upcoming startups to grow on its turf and make an impact.
As a result of a lot of collective reforms taken by the Singaporean government to encourage entrepreneurship, Singapore’s startup ecosystem is growing at a rapid pace, and is widely acclaimed by analysts as Asia’s Silicon Valley.
The emerging startups from Singapore are leveraging the power of disruptive technology to solve some of the biggest challenges faced across a wide array of industries, including healthcare.
In this article, Pulse+IT takes a look at ten promising Singaporean startups that are seeking to transform the healthcare industry with innovative technology solutions.
DocDoc is an online medical-appointment booking and health information portal that connects patients to over 12,000 qualified healthcare professionals. In just a short span of two years, DocDoc has developed to become one of the most widely used portals for scheduling appointments.
The reason why the startup has gained so much traction in Singapore is because it makes it incredibly simple, easy and quick to find doctors based on their location and specialty, and to book appointments in real-time.
Currently, DocDoc is one of the most influential healthcare startups that has originated from Singapore. It has recently raised $11 million in its Series A funding to expand its operations to eight new geographies in Asia.
Often labelled as ‘Evernote for Doctors’, Klinify takes writing and managing prescriptions to a whole new level with its simple, intuitive and illustrative app that simulates paper-like-experience on a tablet device.
Klinify enables physicians to draw images, pull up templates, scribble notes, and even add videos to illustrate their diagnosis.
Apart from improving the quality of interactions with patients, Klinify stores all medical information on the cloud, allowing physicians, pharmacists and healthcare providers to organise, track and manage patient information digitally.
Since the information is accessible anywhere, anytime, and across a plethora of devices, it significantly improves the productivity of hospitals, apart from providing superior convenience to patients.
With the goal of reaching more healthcare providers across different geographies, Klinify raised $600K in a seed-funding round last year to expand its operations in Southeast Asia.
RingMD is an innovative online platform that lets patients connect to doctors instantly via a phone call or a video chat. The advanced healthcare platform provides one-touch access to interact with world-renowned specialists, experts and GPs for non-emergency issues.
Realising the system's potential to improve access to healthcare, the Singapore government has invested $500K in the startup. Currently, Ring.MD is working to bring more doctors onboard and forging relationships with insurance providers to provide efficient and affordable healthcare.
MyFitnessWallet provides simplified digital solutions to help patients track their medical expenses and store their medical records in a safe and secure way.
Branded as OurHealthMate, the startup’s web-based portal lets users pay medical bills for their family online and helps them in keeping a tab of all financial activities. The product is currently affiliated with more than 11000 healthcare providers and offers over 87000 health packages.
HealthDiary, another flagship product of MyFitnessWallet, allows patients to manage and store their medical records online, eliminating the need for extensive paperwork. The digital repository makes it easier for doctors to view and manage their patient’s profile, giving them the convenience to browse through their medical history instantly.
Apart from providing simplified solutions for patients, MyFitnessWallet also looks to improve the efficiency of healthcare providers with its product - ClinicLinc - that uses digital technology to reduce extensive paperwork and streamline hospital management.
Healint provides an unified remote monitoring system for real-time tracking of patients with chronic health disorders.
The intelligent platform receives inputs from devices like body sensors, combines it with machine learning and big data to crunch the underlying patterns, and broadcasts the information to mobile devices.
The outcomes can either be translated into intuitive graphs or extensive reports, allowing patients and healthcare providers to make sense of data based on their individual expertise.
With its nifty analytics system, Healint aims at improving the accuracy of treatments, optimising clinical coverage, reducing reaction time, and providing adaptive outputs to stakeholders.
Healint has recently raised more than $1M in seed funding from Wavemaker Pacific Funding to scale its operations into new countries, like, Japan and U.K.
ConnectedHealth aims at connecting patients, physicians and fitness providers with a remote health monitoring mechanism that focuses on improving healthcare, while optimising complex workflows, reducing costs and increasing productivity.
The startup provides a reliable and scalable mechanism for healthcare providers to provide seamless connectivity between medical devices, fitness equipments, electronic medical records and smart gadgets.
Having such a mechanism allows physicians to gain more control over treatment procedures and take decisive actions. Information is shared through regulated medical gateways, ensuring that all compliance policies are met.
Singapore Business Review nominated it as one of the 20 promising startups to watch out for in the upcoming years.
mClinica is a platform that interconnects patients, physicians and pharma brands with the help of mobile technology.
mClinica’s pharmacy program connects fragmented pharmaceutical supply units, improving quality, accessibility and affordability of medicines and healthcare devices.
Its physician program leverages digital infrastructure to build meaningful relationships between healthcare providers and patients, thereby increasing medical literacy of patients and productivity of doctors.
mClinica’s services are used by some of the top pharma brands, including Pfizer, Abbott and Bayer Healthcare. With a fresh round of funding from 500 Startups, IMJ Investment Partners of Japan and Kickstart Ventures, it’s looking to expand its base in 25 countries across Asia and Africa.
myDoc is a safe, secure and regulated communication service that streamlines healthcare interactions and provides a convenient way for patients, physicians, employers and partners to manage medical-records.
myDoc provides virtual consultations to patients through voice, video and text, and also lets them schedule appointments and maintain their personal health diary.
It distinguishes itself from other similar services by providing a holistic platform that delivers personalised healthcare interactions for patients, technology support for physicians, cost-reduction for employers, and easy integration for healthcare partners.
The startup is backed by Capital Partners, a Singapore based investment fund, and is currently focused on expanding its network in its home ground.
T.Jacket proposes a simple and elegant solution to relieve stress and pressure levels of Singapore’s hardworking population with an app controlled jacket.
The jacket uses innovative touch technology to laterally apply air pressure to the body in order to calm, comfort and soothe the nerves. The pressure levels can be either controlled through the app or automated based on your preferences.
The startup claims that their technology can be used to alleviate stress levels and can even treat sensory modulation issues, like, Sensory Processing Difficulties (SPD), Attention Deficit Hyperactivity Disorder (ADHD), Autism Spectrum Disorder (ASD) and Alzheimer’s Dementia.
Tucker Medical is a personalised healthcare platform that combines personal genetics and metabolic testing with empirical data received from medical sensors, wearable devices, and activity trackers to treat acute and chronic healthcare disorders.
Combined with conventional medicine, TuckerMedical’s mechanism aims at improving the precision of treatments and delivering tailored healthcare programs.
Dr. Tucker, the founder of the healthcare startup, is a renowned oncologist and has been ranked as one of the top doctors to use the power of social media for healthcare interactions. Currently, his startup is using leading-edge technology to deliver preventive healthcare and accurate medical prognosis.
From delivering personalised healthcare to enabling real-time monitoring, these healthcare startups are developing innovative solutions to improve diagnostic accuracy, automate workflows, manage medical-records, multiply productivity of GPs, bridge knowledge gaps, and create more meaningful interactions between patients and healthcare providers.
While disruptive technology can greatly revolutionise the traditional healthcare model, there’s also a considerable risk involved with providing too much autonomy to these systems. For example, if not accessed securely and effectively, these systems can put patient data at risk, thereby threatening the overall integrity of the system.
Therefore, selective human intervention is vital to ensure that safety and privacy of patients is not compromised, while devising scalable, convenient and innovative technological solutions for healthcare.
Posted in Asia Pacific Health IT