The health technology sector is among the most dynamic in technology mergers and acquisitions. Aging populations, the rise of lifestyle diseases, and rising patient demands have resulted in a global increase in demand for innovative healthcare solutions to treat and prevent diseases at affordable costs.
With that in mind, let’s take a look at some of Canada’s leading health tech startups developing healthcare products and services that benefit providers and patients alike.
1. PointClickCare
Founded in 2000, PointClickCare offers a cloud-based incorporated EHR platform for long-term healthcare providers. The EHR is available for elderly and assisted living care, skilled nursing facilities, and continuing care retirement societies to optimize their administrative and clinical workflow solutions. Besides, the firm offers solutions for care delivery management, financial management, quality and compliance management, health data exchange, marketing solutions, and more.
2. InterAxon
Established in 2007, InterAxon helps with the integration of accurate diagnoses and treatment. This technology harnesses the power of brainwaves and translates it to digital signals which computers can recognize and read. InterAxon is a solution for helping to reduce anxiety and stress, the major factors that significantly impact employees’ productivity and achievements.
3. CorVista
Founded in 2012, CorVista is a Canadian-based health tech startup that provides healthcare professionals with an AI-based cardiac diagnosis device. The firm has designed CorVista, a diagnostic tool that can detect cardiovascular disease in a patient. The AI technology incorporated in the software analyzes patients’ data to detect illnesses such as heart failure, pulmonary hypertension, or coronary artery disease.
4. Geneseeq
Established in 2012, Geneseeq is a health technology company offering personalized cancer treatment solutions based on a thorough analysis of patients’ RNA (genomic profile) using NGS techniques. The firm has established personalized RNA extraction protocols for all types of patient sample materials, including core needle biopsies, surgical sections, ultra-low input samples, and FFPE samples.
5. AlayaCare
AlayaCare, a Canadian-based health tech firm, offers a cloud-based software platform for home healthcare professionals. Founded in 2014, AlayaCare features clinical documentation, family and patient portals, back-office functionality, telehealth, remote patient monitoring, and mobile care practitioners app. The platform also helps assess wearable devices to extract patient data for processing via machine learning technology by providing real-time insights for care practitioners.
With these innovative health tech startups, access to quality healthcare services and products becomes easier and convenient. Doctors can now share knowledge across mobile devices to help save lives. Correspondingly, patients can now manage and monitor their illnesses and pain through mobile apps.
