Helicon Health Company Profile

Background

Helicon Health, established in 2012 as a spin-out from University College London (UCL), specializes in developing and integrating innovative digital technologies for healthcare. The company's mission is to "deliver healthcare virtually," focusing on enhancing patient outcomes for individuals with multiple long-term conditions through digital healthcare solutions.

Key Strategic Focus

Helicon Health's strategic objectives include:

Technological Innovations: Developing technologies that enable virtual healthcare delivery.

Healthcare Transformation: Engineering solutions to transform healthcare delivery.

Partnerships: Collaborating with inventors and innovators to bring new technologies to market.

The company specializes in:

Patient Management Tools: Secure web-based electronic health records with clinical guidance and advisory systems.

Clinical Governance: Systems providing anonymized access to INR and AF-related results at various levels.

Education and eLearning: Courses blending e-learning with face-to-face support for patients and healthcare professionals.

Financials and Funding

Helicon Health has secured funding through various channels:

Later Stage Venture Capital: Raised $470,000.

Grants: Received funding from SBRI Healthcare and other sources.

Accelerator Programs: Participated in the DigitalHealth.London Accelerator.

The company reported a turnover of £562,691 for the year ending July 31, 2021, marking a 13.83% increase from the previous year.

Technological Platform and Innovation

Helicon Health's technological innovations include:

Teladoc Health Cloud: UK distributor for the Teladoc remote consultation platform.

Digital Health Cloud: Focuses on "closed loop medicine," integrating drugs, data, and devices to personalize medication and optimize individual results.

Helicon StrokePrevent: A comprehensive platform for stroke prevention, incorporating machine learning-based precision population health, smart technologies, wearables, and e-learning.

Leadership Team

Tony Bowden: Chief Executive Officer. With extensive experience in healthcare technology, Tony joined Helicon Health as a consultant and later became CEO and an investor.

Professor David Llewhelin Hood Patterson: Founder and Chief Medical Officer. A physician with a background in health informatics and multi-professional education.

Competitor Profile

Market Insights and Dynamics

The digital health market is experiencing significant growth, driven by the increasing adoption of telemedicine, remote patient monitoring, and personalized healthcare solutions. The demand for virtual healthcare services has been accelerated by the COVID-19 pandemic, highlighting the need for innovative digital health technologies.

Competitor Analysis

Key competitors in the digital health space include:

Novarum DX Limited: Specializes in mobile diagnostics and point-of-care testing solutions.

Obsidian Healthcare Group Limited: Focuses on medical communications and education services.

Juvora Limited: Develops dental prosthetic solutions using advanced materials.

Strategic Collaborations and Partnerships

Helicon Health has established significant partnerships to enhance its market position and innovation capacity:

Teladoc Health: Serves as the UK distributor for Teladoc's remote consultation platform.

Greater Manchester Combined Authority: Collaborated on the development of the Virtual Hospital.

Operational Insights

Helicon Health's strategic considerations include:

Market Position: Leveraging partnerships and technological innovations to strengthen its position in the digital health market.

Competitive Advantages: Offering integrated solutions that combine patient management tools, clinical governance systems, and educational resources to provide comprehensive virtual healthcare services.

Strategic Opportunities and Future Directions

Helicon Health's strategic roadmap includes:

Expansion: Exploring opportunities in English-speaking markets such as North America, Australia, Africa, and New Zealand.

Product Development: Continuing to develop and integrate advanced digital health technologies to meet the evolving needs of healthcare providers and patients.

Collaborations: Partnering with acute hospital networks in adult and pediatric critical care, trauma, and burns to deliver digitally-enabled out-of-hospital care.