We classify digital health software and solutions into three groups: Medical Practice-Centric (Provider-Focused), Patient-Centric (Consumer-Facing), and Payer-Centric. Each group is divided into its own categories and subcategories based on the primary function of the software or solution.
Our Digital Health Funding & M&A taxonomy includes 10 major categories and 50+ subcategories.
Below is an overview of how we classify digital health software and solutions and what we track.
- Medical Practice-Centric (Provider-Focused) solutions helps healthcare providers to manage and automate day-to-day healthcare workflows.
- Business and Clinical Intelligence
- Clinical Decision Support Software (CDS)
- Clinical Documentation/Compliance Software
- Electronic Health Records (EHRs) Software
- Electronic Medical Records (EMRs) Software
- E-Prescribing Software
- Health Information Sharing / Health Information Exchange (HIE) Software
- Care Coordination Software
- Healthcare Data Analytics Software
- Laboratory Information System (LIS)
- Radiology Information System (RIS)
- Medical Coding Solutions
- Medical Imaging Solutions
- Healthcare Workflow Automation Software
- Picture Archiving and Communications Systems (PACS)
- Population Health Management (PHM) Solutions
- Practice Management Solutions (PMS)
- Precision Medicine Software
- AI-Powered Surgical Robots
- Patient-Centric (Consumer-Centric) solutions helps patients to receive medical care via an app or app-connected wireless or wearable devices.
- Personal Health Managamebt Apps
- Personal Health Records (PHRs) Software
- Patient Engagement Solutions
- Digital Wellness Apps
- Mobile Health Apps (mHealth Apps)
- Digital Therapeutics (DTx)
- Wearable Health Trackers
- Telehealth (Telemedicine – a subset of telehealth)
- Remote Patient Monitoring System
- Social Health Platforms
- Medical Appointment Scheduling & Booking Platforms
- At-home Digital Health Tests (At-home digital health tests that use self-test kits or smart devices paired with smartphone apps to deliver instant or rapid diagnostic results (typically within 2 to 15 minutes).
Payer Solutions help health insurance companies, government programs, and third-party administrators (TPAs) facilitates secure, real-time payer-provider collaboration, clinical data sharing between payers and providers, or across different health plans.
What we Exclude:
- Online platforms selling fitness, beauty products, nutrition products, and lifestyle products.
- Pharmaceutical and biotechnology companies developing drugs, vaccines, biologics, cell therapies, or gene therapies.
- Traditional medical imaging machines, including MRI scanners, CT scanners, X-ray machines, ultrasound machines, and PET scanners, are excluded.
- Standalone medical devices are excluded. Examples include surgical instruments, implants, diagnostic devices, blood collection devices, and treatment devices that are not connected, controlled, monitored, or supported by software or an app.
In the reports we publish at the end of each quarter, we use the above taxonomy to analyse and report digital health funding trends.