HealthSnap’s digital health solution helps hospitals and health systems move from a reactive disease care model to a preventive care model.
By Nancy Dahlberg
You are more than your blood pressure reading, cholesterol rate or BMI.
HealthSnap, a Miami-based lifestyle data analytics startup, believes all your lifestyle data needs to be looked at and acted upon collectively to prevent chronic illnesses and decrease hospital admissions.
“We take all the lifestyle data from wearables, sensors and apps and we make sense of all that data collectively — that’s what we do,” explained co-founder and CEO Yenvy Trong. “We create a personalized lifestyle profile, telling the story about the position you are in today.”
By doing that, HealthSnap’s digital health solution helps hospitals and health systems move from a reactive disease care model to a preventive care model, she added. It bridges the gap between lifestyle and medicine by collecting lifestyle data and analyzing it in a way that allows both patients and clinicians to anticipate and prevent debilitating, costly chronic conditions.
More than 500 physician offices are already using HealthSnap’s products. The startup is now marketing to large health systems, some with 500 to 1,000 offices. “We are starting to see the traction, the interest, it is all converging. It is extremely exciting,” Truong said.
Originally founded by a team from the University of Miami, HealthSnap is made up of healthcare experts, scientists and engineers. The team is committed to fundamentally shift healthcare from the reactive “disease-care” paradigm of the past into a proactive, preventive care model of the future, Truong said.
Co-founder Dr. Wesley Smith, HealthSnap’s Chief Scientific Officer, is a professor at the University of Miami, where he continues to research and develop various application approaches utilizing established research in exercise and nutrition in clinical settings.
Truong has over 15 years of experience in healthcare and has brought healthcare and diagnostic products to market both domestically and internationally. With a background in sales, marketing, and product launches in the physician and wellness market, Truong is guiding HealthSnap to create market adoption.
“I want HealthSnap to be an example of something that came out of the university and continues to grow and develop to help put Miami on the map in technology and healthcare,” said Truong, a UM biomedical engineering alum.
HealthSnap, now with 20 employees, launched its device agnostic HealthSnap Connect platform that allows the startup to collect and collectively analyze lifestyle data from wearables, sensors, bluetooth devices and apps. The company also recently launched HealthSnap Remote Platform allowing the company to scale remote patient monitoring for physicians and health systems. And it has brought on seasoned healthcare veterans such as its new CRO, Brad Blakey, formally of Athenahealth and CareCloud, and COO Al Vega, formerly with Truven Health.
”We have the traction, we have the interest, we have people that love our product. We are going into some of the top 10 heath systems in the country right now,” said Truong.
To that end, the company has kicked off its Series A funding round, aiming to raise $10 million. It has also brought on a new strategic investor, StrongPath, to help bolster HealthSnap’s lifestyle data analytics platform.
By the end of next year, Truong expects HealthSnap to triple in size, with the help of HeathSnap Remote that will help it scale. “We are talking to very large corporations as well as health systems. We seem to be attractive to these large entities that are collecting data but don’t know what to do with it yet,” said Truong.
“One of the things that I am very proud of is the team that we developed. The dynamic we have as a team allows us to think differently about healthcare and creating solutions. With the right team and the right mindset, we will be a key player in the market.”
Headquarters: Miami. Offices in CIC Miami, in an Opportunity Zone.
Year founded: 2015
Management team: Yenvy Truong, CEO, co-founder; Dr. Wesley Smith, Chief Scientific officer, co-founder; Samson Magid, Chief Business Development officer, co-founder; Chase Preston, Chief Product officer, co-founder’ Misha Kerr, General Counsel, co-founder; Al Vega, Chief Operating Officer; Brad Blakey, Chief Revenue Officer.
No. of employees: More than 20, plan to end the year with 25 employees.
Financing: Raised $3 million in the second quarter of 2019. Recently kicked off Series A round, seeking to raise $10 million.
Have a Spotlight candidate to suggest? Email Nancy Dahlberg at firstname.lastname@example.org. Follow her on Twitter @ndahlberg
READ MORE #MIAMITECH STARTUP SPOTLIGHTS
- 4 things to know in #MiamiTech: eMerge postponed until 2021; EndeavorLAB cohort unveiled; free cloud training & career expo - July 10, 2020
- Inside Modernizing Medicine telehealth launch: ‘We knew we had to get it out there fast’ - July 9, 2020
- Change at the top for Magic Leap: And she is … - July 7, 2020