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.
Charging periodic fee to have access to the service or product. Examples: FitBit, Zeo, DirectLife, BodyMedia, VisualDx, ScanAvert, RememberItNow!, MyFoodMyHealth, SugarStats, Jitterbug Health Services, Isabel Healthcare, PillPhone, Comfort Zone, MyHealthDIRECT, Par8o, Lightning Bolt, Zweena Health, Amion
Unlike subscriptions (which are a flat periodic fee), this model charges consumers based on actual usage. Examples: TruthOnCall
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
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