Overview
Percipio Health is a population health monitoring and management platform, focusing on enhancing outcomes for high-risk and rising-risk populations with a device-free, AI-enabled approach. The company operates in the digital health and software development industry, leveraging scalable solutions that reduce costs and improve value-based care outcomes.
Key Offerings
- Population Health Monitoring: Utilizes a single mobile app to analyze multiple health signals, promoting a comprehensive healthcare approach.
- AI and Predictive Insights: Employs AI technology for predictive insights and guided interventions, which supports proactive and targeted healthcare delivery.
- Cost Reduction: Offers a significant reduction in technology costs compared to traditional remote monitoring systems, making it appealing to healthcare providers and payers.
Financial Performance
- Funding and Valuation: Raised $20 million in Series A funding with support from leading investors like UPMC Enterprises, WAVE Ventures, Labcorp, and First Ventures, positioning the company for further expansion and AI capability refinement.
Strategic Alliances
- Oklahoma State University Partnership: Enhances telehealth services through AI-based, device-free monitoring solutions.
- Stakeholder Engagement: Engages with providers and payers to broaden service capabilities, focusing on clinical operations, increasing capacity, and health outcomes within value-based care frameworks.
Leadership Team
- Eric Rock (CEO & Co-Founder): Leads innovation and strategic growth with expertise in digital health and AI.
- David Lucas (Chief Strategy Officer & Co-Founder): Shapes business models and expansion strategies with a focus on health strategy and risk-based contracting.
- Katie Flores (Chief Product Officer): Guides patient-centered product designs with extensive nursing and leadership experience.
- Eddie Canales (Chief Technology Officer): Oversees technical direction, specializing in scalable solutions and AI development.
- Jay Brookes (Chief Growth Officer): Focuses on revenue growth and team expansion through strategic initiatives.
- Steve Richvalsky (Chief Financial Officer): Manages financial strategy, emphasizing sustainable growth.
Recent Developments and Impact
- Technological Innovations: Strengthens its position in population health management by integrating AI with telehealth solutions, vital for challenging rural healthcare settings.
- Industry Recognition: Recognized as a transformative player in healthcare, optimizing care processes and reducing clinician workload.
- Market Positioning: Pioneers in value-based care expansion via strategic partnerships and comprehensive technology solutions, positively influencing providers and payers.
Competitor Profiling
Key Competitors
Amwell
Based in Boston, Massachusetts, Amwell is a telemedicine leader that provides patient-to-doctor teleconferencing through subscription services for healthcare providers. It supports over 80 million covered lives with specialty consults and a new cardiometabolic program in partnership with DarioHealth.
HealthTap
Headquartered in Sunnyvale, California, HealthTap offers a virtual-first primary care platform, integrating seamlessly with existing systems and supporting the continuity of doctor-patient relationships. It’s recognized as a cost-effective telehealth solution.
Lemonaid Health
Lemonaid Health, located in San Francisco, delivers affordable telehealth services focused on mental health and primary care. It highlights accessibility and lower costs compared to traditional healthcare services.
Solera Health
Phoenix-based Solera Health acts as a preventive care benefits manager, connecting patients with non-clinical healthcare providers for personalized health management, especially focusing on mental health and preventive care.
Neko Health
Neko Health in Sweden, co-founded by Daniel Ek, specializes in preventive healthcare using full-body scanning technology for early detection health solutions. The company is expanding its offerings following recent significant investments.
Competitive Differentiation
Percipio Health sets itself apart with AI-integrated healthcare solutions emphasizing data analytics and predictive health monitoring. Its focus on technological innovation aims to advance patient outcomes and streamline healthcare processes.
