FOR IMMEDIATE RELEASE
August 17, 2020
Quartet Health Named to the 2020 CB Insights Digital Health 150 List of Most Innovative Digital Health Startups
Quartet Recognized For Clinical intelligence & Enablement to Help Providers and Payers Make Clinical Decisions to Deliver Care More Effectively and Efficiently
NEW YORK, NY — CB Insights named Quartet Health to its second annual Digital Health 150 ranking, which showcases the 150 most promising private digital health companies in the world. Quartet was recognized in the inaugural list last year, as well.
The 2020 Digital Health 150 cohort highlights startups that are reimagining the lines of the traditional healthcare experience across 12 categories, from Virtual Care Delivery and Clinical Trials, to Drug Discovery and Specialty Care. Countries represented this year include Canada, China, Israel, France, the United Kingdom, and the United States, among others.
Quartet is a healthcare technology and services company on a mission to improve the lives of people with mental health conditions. Our vision is that one day, every person with a mental health condition will get the care they need. To make this vision a reality, we are building a different mental healthcare system with technology and services that reach people who need care, connect them to the right care, and support their care journeys.
“We’re honored to be recognized as one of CB Insights Digital Health 150 for the second time in a row. This recognition is especially meaningful right now as mental health needs are skyrocketing, and Quartet is working hard to ensure that patients who need mental health care can access that care easily and safely,” said David Wennberg, MD, MPH, CEO of Quartet. “We are committed to helping people around the country get the right mental health care for their needs.”
The team at Quartet is doing everything they can to help people easily and safely access care during the pandemic and beyond. In addition to continuing to build a robust network of mental health care options to help people easily get care, Quartet matched patients to virtual appointments, helped providers transition to virtual care, offered patients digital mental health services that can be accessed anytime, anywhere, and expanded our partnership with Centene Corporation to help members in 32 states get access to mental health services from the comfort of their home. By May, nearly 80% of appointments through Quartet were virtual.
“This year’s Digital Health 150 is our most global ever, covering the best private healthcare companies from 17 countries. Beyond geographic diversity, these companies are innovating across the entire healthcare value chain, spanning technologies that benefit pharma & biotech companies, to payers, hospitals, insurers, and more,” said CB Insights CEO Anand Sanwal. “Last year’s Digital Health 150 winners saw numerous exits and went on to raise nearly $5 billion in investor financing after being recognized. We look forward to seeing the success of this year’s class of the best in digital health.”
Through an evidence-based approach, the CB Insights research team selected the Digital Health 150 from hundreds of applications based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Quick facts on the 2020 Digital Health 150:
- The 2020 Digital Health 150 startups have raised over $20B in funding across 600+ deals from 900+ unique investors.
- The list includes 13 unicorns (companies that have reached a valuation of $1B+) focused on a diverse range of digital health solutions, including telehealth, insurance, and robotic surgical systems.
- Many have formed partnerships with key industry players like the American Heart Association, Cigna, and Mount Sinai Health System.
Quartet Health is a healthcare technology and services company on a mission to improve the lives of people with mental health conditions. We connect people to the right care at the right time. Our collaborative technology and range of services bring together physicians, mental health providers, and insurance companies to effectively improve patients’ health and drive down healthcare costs. Backed by $160.5MM in venture funding from top investors like Oak HC/FT, GV (formerly Google Ventures), F-Prime Capital Partners, Polaris Partners, Deerfield Management, Centene Corporation, and Echo Health Ventures, Quartet is headquartered in NYC and is currently operating in several markets across the United States — Pennsylvania, Washington, Northern California, New Jersey, North Carolina, Louisiana, and Illinois — and will be available in 32 states by the end of the year.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.