Business Models

New ideas surface every day in Healthcare IT, but not all have a clear way to generate revenue. Viable business models are not a necessity to launch an idea in the internet age. However, long-term survival depends on having one. Below is a living list of all the different ways companies reviewed are aiming to generate revenue. Note that the categorizations are not absolute, and one company may fit more than one of these. Also, business models are not something that startups publicize clearly, so there may be inherent assumptions made at times.

1. Broker

Here the idea is to bring buyers and sellers together and charge a fee to facilitate transactions. Example: AmericanWell, Healthline, Vitals, ZocDoc, MyMedLab, Senior Educators, TrialX, Vimo, ConsultingMD

3. Pay-as-you-go

Unlike subscriptions (which are a flat periodic fee), this model charges consumers based on actual usage. Examples: TruthOnCall

4. Licence

Charging a flat fee based on another criteria than just time interval, like number of active concurrent users. Examples: Archimedes Model, Corventis, Curbside.MD, GlowCaps, Within3, WellDoc, Apixio, Jiff, Sandalbay Life

5. Advertising

We all know this one. Here the company creates content that is offered free to consumers, and derives revenue from advertisers who want access to the consumer’s attention. Examples: CareFlash, Daily Strength, PsychCentral, Healthline, PracticeFusion, PharmaSurveyor, MedHelp, Phreesia, Alliance Health

6. Information Intermediary

Companies foster a focused community with the aim to collect data about them in an aggregate way. They sell such population-level data to third-parties who mine and discover trends relevant to their offerings. Almost all online social networks related to health would belong here. Examples: Sermo, PatientsLikeMe, Healthline, OncoCentric, Medscape Physician Connect, Alliance Health, perhaps Simplee

7. One-time Sale

Companies that sell a product or good directly to consumer for a one-time charge. Examples: Axbo, FitBit, Zeo, BodyMedia, DirectLife, Withings, miCoach, Navigenics, TouchDx, EASYWAKEme, Glooko

8. Not-for-profit

Focused on greater good, generally supported by grants and voluntary contributions. Example: Child Count, Text4Baby, Qwitter, FluTrends, Healthmap

10. Deceased

Non-existence is another way of joining this list. These are companies that had one or more of the above business models at the time when the review was written, but have closed shop since then. Examples: LifeShirt, Carol, Clearsense, FoodFeed, ZumeLife, Ozmosis, Polka, Healthrageous