myElth Company Profile

Background

Company Overview

Founded in 2017, myElth is a healthcare technology company dedicated to empowering consumers by providing them with control over their healthcare decisions. The company's mission is to engage and empower consumers to make informed healthcare choices, manage their health information as a valuable asset, and maintain full control over it. myElth envisions a healthcare system where consumers are at the center, making independent decisions that lead to quality care at lower costs.

Industry Significance

Operating within the healthtech sector, myElth stands out by focusing on consumer-controlled health information exchange. The company facilitates trusted collaboration among payers, providers, employers, and family caregivers, aiming to deliver high-value care at reduced costs. By leveraging blockchain technology, myElth ensures secure and efficient management of personal health information, addressing critical issues of data security and interoperability in the healthcare industry.

Key Strategic Focus

Core Objectives

• Consumer Empowerment: Enable individuals to make informed healthcare decisions and manage their health information autonomously.

• Cost Reduction: Facilitate access to quality care at lower costs through transparent information and incentives.

• Trusted Collaboration: Foster secure partnerships among healthcare stakeholders to enhance care delivery.

Areas of Specialization

• Health Information Exchange: Develop platforms that allow consumers to control and share their health data securely.

• Blockchain Integration: Utilize blockchain technology to ensure data security and integrity.

• Incentive Models: Create reward systems that encourage cost-effective and quality healthcare choices.

Primary Markets

myElth targets consumers seeking greater control over their healthcare information, healthcare providers aiming for efficient data exchange, and employers looking to reduce healthcare costs while maintaining quality care for employees.

Financials and Funding

Specific details regarding myElth's funding history, total funds raised, and notable investors are not publicly disclosed. The company appears to be privately held, focusing on developing and expanding its healthcare technology solutions.

Pipeline Development

myElth's platform offers several key features aimed at enhancing consumer healthcare management:

• Search for Care: Allows users to find healthcare providers based on distance, cost, and quality, covering over 1 million doctors and 10,000 medical facilities across the U.S.

• Real-Time Coverage Information: Provides access to eligibility and benefits information from over 730 health insurers.

• Electronic Health Records (EHR): Enables storage and retrieval of health records from hospital visits, with connections to over 1,500 hospitals.

• Rewards Program: Partners with employers and insurance carriers to create incentives for quality healthcare decisions.

• Information Sharing: Facilitates easy sharing of health records with doctors and hospitals through secure connections.

• Family Care Management: Allows management of healthcare for the entire family, including access to benefits and health records.

These features are designed to be continuously updated and expanded to meet evolving consumer needs.

Technological Platform and Innovation

Proprietary Technologies

myElth's platform is built on advanced blockchain technology, ensuring secure and efficient management of personal health information. This approach provides consumers with control over their data and facilitates trusted collaboration among healthcare stakeholders.

Scientific Methodologies

The platform integrates real-time data access, allowing users to view eligibility, benefits, and health records instantly. It also employs secure data encryption methods compliant with HIPAA and ONC standards to protect personal health information.

Leadership Team

• Hari Makkala – CEO and Co-Founder

• Alan Louie – Chief Product Architect

• Madhumita Duvvuri – Data Scientist

Advisors

• Bruce Sterpka

• Dr. Monika Gashi, MD

• Karen Gorton

• Dr. Venkatesh Makkala, MD

• Tim Crawford

The leadership team brings diverse expertise in healthcare technology, product development, and data science, guiding myElth's strategic direction and innovation.

Leadership Changes

As of the latest available information, there have been no significant recent changes or appointments within myElth's leadership team.

Competitor Profile

Market Insights and Dynamics

The healthcare technology market is experiencing rapid growth, driven by increasing demand for consumer-centric solutions, data security, and interoperability. The integration of blockchain technology in healthcare is emerging as a significant trend, offering enhanced data security and patient control over health information.

Competitor Analysis

myElth operates in a competitive landscape with several notable companies:

• Noterro: Provides practice management software for health practitioners, focusing on scheduling, billing, and patient records management.

• MYLE: Offers an integrated care platform supporting physicians and care teams in delivering quality care, with features like mobile access and multi-physician support.

• myEvolv by Netsmart: Specializes in electronic health records for behavioral health, offering comprehensive solutions for patient management.

These competitors offer various features and services, but myElth differentiates itself through its consumer-first approach and blockchain-based platform.

Strategic Collaborations and Partnerships

myElth collaborates with employers and insurance carriers to develop incentive models that encourage consumers to make informed and cost-effective healthcare choices. These partnerships aim to align the interests of all stakeholders, promoting quality care at reduced costs.