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<ul class="summary-list"><li>2019 was a critical year for biotech and healthcare startups, with an unprecedented number making the <a href="https://www.businessinsider.com/livongo-stock-price-digital-health-ipo-2019-7">leap from private to public,</a> and more considering making the jump in 2020. </li><li>There are 19 healthcare startups that have reached unicorn status, or the $1 billion and over valuation mark, according to PitchBook and Business Insider's reporting.</li><li>Some like <a href="https://www.businessinsider.com/bright-health-medicare-advantage-aca-startup-raises-635-million-2019-12">Bright Health</a> and Clover Health added hundreds of millions to their war chests in 2019, while others didn't take on additional funding in the last year. Here's what to know about the companies going into 2020. </li><li><a href="http://newsletter.businessinsider.com/join/health-insider">Subscribe to Dispensed, Business Insider's weekly healthcare newsletter</a>.</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary" target="_blank" rel="noopener">Click here for more BI Prime stories</a>.</li></ul>2020 is gearing up to be a pivotal year for <a href="https://www.businessinsider.com/category/dispensed">healthcare</a> and biotech startups.In 2019, a handful of health startups went public with valuations above $1 billion, placing them in unicorn territory.2020 is shaping up to be an even more prolific year, with reports that companies like One Medical could go public by the first quarter of 2020. While companies like Tempus, Ginkgo Bioworks and health insurance startups Clover Health and Bright Health added to their war chests, others like 23andMe and Butterfly Network maintained their unicorn status without taking on additional funding, according to data provided by PitchBook.Clarrie Feinstein contributed to a previous version of this post. <a href="/intelligence/digital-health?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=health&amp;itm_campaign=digital-health"></a>Featured Digital Health Articles: - <a href="/telehealth-industry-explained">Telehealth Industry: Benefits, Services &amp; Examples</a> - <a href="/value-based-care-pay-for-performance-healthcare-model">Value-Based Care Model: Pay-for-Performance Healthcare</a> - <a href="/senior-care-market-trends">Senior Care &amp; Assisted Living Market Trends</a> - <a href="/wearable-technology-healthcare-medical-devices">Smart Medical Devices: Wearable Tech in Healthcare</a> - <a href="/artificial-intelligence-healthcare">AI in Healthcare</a> - <a href="/remote-patient-monitoring-industry-explained">Remote Patient Monitoring Industry: Devices &amp; Market Trends</a>

The 19 billion-dollar startups to watch that are revolutionizing healthcare in 2020

REUTERS/Luisa GonzalezAn employee of the Clever Leaves company shows a cannabis flower at a greenhouse in Pesca, Colombia, Colombia October 2, 2019.<ul class="summary-list"><li>We asked some of the top cannabis investors to tell us which startups they're most excited about in 2020. We took that list and narrowed it down to 15 startups based on which companies came up the most.</li><li>Cannabis tech companies like Flowhub and LeafLink <a href="https://www.businessinsider.com/cannabis-startups-popular-hot-in-2020-according-to-vcs-2020-1">generated the most votes on our list</a>. </li><li><a href="https://www.businessinsider.com/cannabis-startups-popular-hot-in-2020-according-to-vcs-2020-1">Click here to check out the full list, available exclusively to BI Prime subscribers.</a></li></ul>Despite tough times in the broader cannabis industry, investors who have bet on the burgeoning space say things will turn around as we enter the 2020s. While <a href="https://www.businessinsider.com/venture-capital-investment-vc-in-cannabis-in-2018-2019-2020-1">venture-capital investing in cannabis surged above $2 billion last year</a>, money flowing into cannabis startups slowed down toward the end of 2019 as the industry faced a number of headwinds, including <a href="https://www.businessinsider.com/timeline-of-vape-related-illnesses-and-deaths-2019-9">vape-related illnesses</a>, and a public markets slump that <a href="https://www.businessinsider.com/pax-eaze-weedmaps-hexo-canntrust-layoffs-job-cuts-in-cannabis-2019-10">catalyzed a wave of layoffs across the industry</a>. That hasn't deterred cannabis-focused investors, who say they're investing cautiously in startups from cannabis tech to brands that sell THC and CBD products.But, like any new industry, investors picked favorites, startups that they expect will grow rapidly in 2020 and beyond. In order to put together this <a href="https://www.businessinsider.com/cannabis-startups-popular-hot-in-2020-according-to-vcs-2020-1">list</a>, Business Insider interviewed 15 cannabis-focused venture and private equity funds and asked which companies they were most excited about this year, whether they've invested or not. Their answers ranged from B2B software platforms that cater to cannabis companies to product testing labs, and cultivation companies. The list features <a href="https://www.businessinsider.com/cannabis-startups-popular-hot-in-2020-according-to-vcs-2020-1">the 15 startups</a> that investors mentioned most often.Cannabis tech startups were the most popular: Flowhub, with five votes, took the top spot on our list, followed by LeafLink, with four votes. Wurk, with three votes, also landed high on our list.<h2><a href="https://www.businessinsider.com/cannabis-startups-popular-hot-in-2020-according-to-vcs-2020-1">Click here to check out the full list, available exclusively to BI Prime subscribers here. </a></h2><a href="/intelligence/digital-health?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=health&amp;itm_campaign=digital-health"></a>Featured Digital Health Articles: - <a href="/telehealth-industry-explained">Telehealth Industry: Benefits, Services &amp; Examples</a> - <a href="/value-based-care-pay-for-performance-healthcare-model">Value-Based Care Model: Pay-for-Performance Healthcare</a> - <a href="/senior-care-market-trends">Senior Care &amp; Assisted Living Market Trends</a> - <a href="/wearable-technology-healthcare-medical-devices">Smart Medical Devices: Wearable Tech in Healthcare</a> - <a href="/artificial-intelligence-healthcare">AI in Healthcare</a> - <a href="/remote-patient-monitoring-industry-explained">Remote Patient Monitoring Industry: Devices &amp; Market Trends</a> <h3>NOW WATCH: <a href="https://www.businessinsider.com/what-to-do-survived-the-apocalypse-2019-12">What if you survived the apocalypse?</a></h3>

These are the 15 buzziest cannabis startups to bet on in 2020, according to top investors

<ul class="summary-list"><li>The research firm Cleantech Group released its <a href="http://info.cleantech.com/2020-Global-Cleantech-100-Report-Download.html">Global Cleantech 100</a> list on Thursday, which showcases the top startups in sustainable innovation.</li><li>Startups in the power and energy sector account for nearly half of the list.</li><li>The firm's director highlighted four broad trends that are transforming the industry, including a shift in foreign investment and a wave of new partnerships between startups and legacy companies.</li><li><a href="https://www.businessinsider.com/prime">Click here for more BI Prime stories</a>.</li></ul>Cleantech Group, a clean-energy research firm, released its flagship report on Thursday, which showcases the top startups to watch in 2020. The Global Cleantech 100 features a wide range of companies, from Commonwealth Fusion Systems, which is racing to commercialize fusion technology, to Form Energy, a secretive startup that's developing long-duration batteries. It also highlights four major trends that are bound to transform the energy industry. These trends are: increased public pressure, fueled by climate change; <a href="https://www.businessinsider.com/decarbonization-is-good-for-business-repsol-ceo-says-2020-1">new corporate commitments</a>; cooperation between startups and big industry players; and a shift in foreign investment, according to the firm's director, Jules Besnainou.The first two trends aren't particularly surprising; the climate crisis has fueled an increase in public pressure, which has, in turn, fueled a surge of recent corporate commitments to net-zero emissions. But they help explain the resurgence of clean-energy funding.In 2019, venture capital and private equity investment in clean energy reached <a href="https://www.businessinsider.com/top-10-most-active-clean-energy-investors-in-2019-bnef-2020-1">$10.5 billion</a>. That's the highest annual investment since 2010, according to new data from BloombergNEF. "It all comes down to pressure and the need to innovate," Besnainou said. "We're all seeing on a daily basis the climate crisis unfolding before our eyes."The other two trends are more obscure, yet they're important in understanding how clean-tech startups will win big in 2020. <h2 style="text-align: left;">Big industry players are partnering with startups to keep up with the energy transition</h2>As large corporations race to decarbonize their supply chains, they're increasingly turning to startups. Besnainou calls this "supply chain cooperation."Consider the suite of startups promising to reform the CO2-intensive cement industry, such as CarbonCure and Solidia, both of which are in the Global Cleantech 100. In August, the materials giant LafargeHolcim announced that it was <a href="https://www.lafargeholcim.us/lafargeholcim-and-solidia-technologies-announce-first-us-commercial-expansion">teaming up with Solidia</a> to supply customers with low-carbon cement. Similarly, CarbonCure - which developed a technology to sequester CO2 in concrete - <a href="https://www.businessinsider.com/meet-the-5-buzziest-startups-turning-carbon-emissions-into-profit-2020-1#carboncure-11-million-1">partnered with Thomas Concrete</a>. Read more: <a href="https://www.businessinsider.com/meet-the-5-buzziest-startups-turning-carbon-emissions-into-profit-2020-1">Meet the 5 top startups that are turning carbon emissions into concrete and other products</a>"This is increasingly the case in plastics too, where petrochemicals' corporates must work with packaging, consumer goods' companies and recyclers if their commitments to bioplastics and circularity are to hold water," Besnainou writes in the report. Big Oil, too, is partnering with startups to meet its energy transition goals.Occidental Petroleum, for example, has <a href="https://carbonengineering.com/news-updates/worlds-largest-direct-air-capture-and-sequestration-plant/">teamed up with</a> CO2-capture startup Carbon Engineering (CE). CE will capture some of the oil company's CO2 emissions, which Occidental will then sequester underground (and get more oil out of its wells as a result). Data from the research firm BloombergNEF backs up this trend. As Business Insider reported on Wednesday, oil giants like BP, Shell, and Total <a href="https://www.businessinsider.com/top-10-most-active-clean-energy-investors-in-2019-bnef-2020-1">accounted for four of the top 10</a> most active private equity and venture capital investors in 2019. <h2>Shifting foreign investment signals a 'cooling in U.S.-China relations'</h2>The last major trend Besnainou highlights is a shift in global investment towards European startups, which make up less than a third of the Global Cleantech 100.In the last five years, investors from the Asia-Pacific region have "nearly tripled their participation in European cleantech deals," according to the report. Plus, they're starting to put more money into European clean-tech venture funds. "We've seen a number of large Asian corporations being increasingly interested in European clean tech and using local funds to get a footing," he said. In 2019, Singapore's SP Group and Changi Airport, for example, both invested in the Paris-based VC firm Idinvest Partners, which runs a clean-tech fund, he says. Asian investment in North American clean tech, on the other hand, seems to be slipping.The participation of Asian firms in North American clean-tech funding rounds has fallen from 9% of deals in 2018 to 6.5% of deals in 2019, per the report. One explanation Besnainou offers is political: "This trend and a tumbling deal count in China in 2019 signal the impact of a marked cooling in U.S.-China relations and the difficulty of doing cross-border deals," he wrote. But it could also signal that Asian investors - who have historically been more involved with US clean tech - are catching wind of a growing ecosystem of clean tech startups in Europe. "Even if they started with North America and Silicon Valley, they're branching out and looking for more spots like Europe and Israel," he said. "I wouldn't point to this as bad news for North American cleantech. For us, the big takeaway is that it's a positive sign for European clean tech." <a href="http://newsletter.businessinsider.com/join/4np/power-line">Click here to subscribe to Power Line</a>, Business Insider's weekly clean-energy newsletter.

A top clean tech group reveals 4 major trends shaping the energy industry - and which startups are most likely to win big

<ul class="summary-list"><li>We asked a group of investors at successful venture capital firms to name the startups that will boom this year.</li><li>Each VC was asked to name two startups: one that they or their firm invested in, and one where they have no financial ties or any other interest, but believes will do well.</li><li>The result is an exciting list of startups to watch in 2020 from the people who make their livings watching startups.</li><li>Whether you are looking for a hot startup to join as an employee or looking out for tech trends, this list will serve as an indication of what Silicon Valley thinks is hot.</li><li><a href="https://www.businessinsider.com/prime">Click here to read more BI Prime stories</a>.</li></ul>2020 is upon us and one of the best ways to see what the year holds for the tech industry is to ask the venture capitalists that fund, advise and hear pitch after pitch from tech startups.In that spirit, we reached out to a select group of successful venture capital firms and asked them name the startups that are poised to have very good years.When we spoke to each VC, we set some ground rules for participation: <ol><li>The VC must tell us about one startup in their portfolio. After all, they believed in the startup in question enough to fund them.</li><li> And they must also tell us about one startup where they have no financial ties or any other interest. After all, they can't invest in every single cool-sounding startup.</li></ol>The result is a fascinating list of companies to watch, ranging from tiny, seed stage to under-the-radar growth companies, organized alphabetically. We've noted each startup's estimated total funding to date based on the info from deal database Pitchbook. In the event that we could not determine total funding from Pitchbook, we've included what funding info we could.Here are the 72 startups that they named:

72 startups that will boom in 2020, according to VCs

<ul class="summary-list"><li>Venture- and private equity-backed startups like Oscar Health, Clover Health, Devoted Health, Alignment Healthcare and Bright Health have raised hundreds of millions as they've expanded their reach into the competitive Medicare Advantage markets.</li><li>Business Insider rounded up how each insurer fared during its enrollment period going into 2020, based on government filings and other data.</li><li>The insurers' footholds are growing, though none have cracked 100,000 members in the Medicare Advantage market. </li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary" target="_blank" rel="noopener">Click here for more BI Prime stories</a>.</li></ul>2020 is shaping up to be a pivotal year for health insurance startups trying to gain footholds in a red-hot market. Competition for the 22 million Americans enrolled in Medicare Advantage plans, and the thousands signing up daily as they turn 65, is fierce. The startups - Oscar Health, Devoted Health, Bright Health, Clover Health, and <a href="https://www.businessinsider.com/alignment-healthcare-strategy-for-growth-in-medicare-advantage-market-2019-10">Alignment Healthcare</a> - are going up against giants in the industry.UnitedHealthcare for instance, had nearly 5.3 million members enrolled in Medicare Advantage plans at the end of 2019, while Humana had 3.6 million, and Aetna had 2.3 million.The startups are betting that new models built with better technology could help them provide better care to their members. To prove that, the startups have raised billions.Never miss out on healthcare news. <a href="http://newsletter.businessinsider.com/join/health-insider">Subscribe to Dispensed,</a> our weekly newsletter on pharma, biotech, and healthcare.<h2>The startups have raised billions to take on entrenched health insurers</h2>Bright Health, a Minneapolis startup that provides individual and Medicare Advantage plans, in December <a href="https://www.businessinsider.com/bright-health-medicare-advantage-aca-startup-raises-635-million-2019-12">raised a monster $635 million round</a>, topping the $500 million round <a href="https://techcrunch.com/2019/01/29/alphabet-backed-medicare-advantage-startup-clover-health-raises-500m/">Clover Health</a> raised in January 2019.In August 2018, <a href="https://www.businessinsider.com/oscar-health-q3-results-after-alphabet-google-investment-2018-11">Oscar Health raised $375 million from Alphabet</a> to gear up to get into the Medicare Advantage market. Devoted Health in October 2018 <a href="https://www.businessinsider.com/devoted-series-b-slide-deck-revenue-and-margin-projections-2019-2">raised $300 million</a> ahead of launching its first Medicare Advantage plans in Florida.In total, the venture-backed startups have raised $3.6 billion, while private-equity-backed Alignment has raised <a href="https://www.businessinsider.com/alignment-healthcares-plan-to-transform-health-insurance-plans-2017-4">more than $200 million</a>. Alignment's owners include General Atlantic and Warburg Pincus.Here's a look at the number of members the startups have going into 2020. They suggest the footholds are growing and give a sense of the financial results the companies can expect from the market in 2020. The government pays insurers roughly $10,000 a year to finance care for each Medicare Advantage member.It's the first year Oscar has offered health plans through the Medicare Advantage market. A spokeswoman for Oscar noted that the enrollment was in line with Oscar's targets. <h2>Bright Health's numbers benefit from a planned takeover</h2>"We have taken a disciplined approach to entering Medicare Advantage, selecting three markets for 2020," the spokeswoman said. "In the Bronx, as an example, our focused strategy was successful, resulting in the business capturing 7% market share of assumed shoppers."Bright's numbers are affected by <a href="https://www.businessinsider.com/bright-health-buys-brand-new-day-in-medicare-advantage-2020-1">plans to acquire a Medicare Advantage-focused plan called Brand New Day</a> that would dramatically increase its presence in the private senior market.As of January 2020, Brand New Day had a little over 45,000 members, Jeff Davis, CEO of Brand New Day, told Business Insider in a January interview.For Alignment, the numbers only cover members in California and don't include work Alignment does with other health insurers.<h2>Devoted Health's membership is in line with the startup's projections</h2>In North Carolina, Alignment is working with FirstCarolinaCare, a health insurer that's part of the FirstHealth of the Carolinas healthcare network, and Humana. In Florida, it's working with Florida Blue. In these instances, the insurers are the ones running the plans and receiving payments from the federal government. Alignment gets paid a percentage of their revenue to provide services like making sure patients are getting the right health services and showing up for appointments.Devoted Health had 16,100 members going into January 2020 in Florida and Texas, according to a source close to the company, <a href="https://www.businessinsider.com/devoted-series-b-slide-deck-revenue-and-margin-projections-2019-2">in line with the startup's expectations</a> for its second year offering health plans to seniors. It's a dramatic increase from the 2,114 members the company had signed on by January 2019, its first year offering plans. <ul class="read-more-links"><li>Read more:</li><li><a href="https://www.businessinsider.com/devoted-series-b-slide-deck-revenue-and-margin-projections-2019-2">We got a look at the slide deck that buzzy startup Devoted Health used to hit a $1.8 billion valuation before it signed up any customers</a></li><li><a href="https://www.businessinsider.com/genetic-testing-company-strategy-after-layoffs-23andme-ancestry-helix-2020-2">The DNA testing industry is stuck in a rut. Here's how 23andMe and Ancestry are plotting their next moves.</a></li><li><a href="https://www.businessinsider.com/oscar-health-ceo-mario-schlosser-on-2020-future-of-healthcare-2020-1">Buzzy health startup Oscar is making a big bet on a crucial change to how you get your healthcare. The CEO shared how he thinks that will happen.</a></li><li><a href="https://www.businessinsider.com/bright-health-buys-brand-new-day-in-medicare-advantage-2020-1">$2.2 billion Bright Health just struck a deal to buy a health plan and gain a big foothold in the lucrative Medicare Advantage market</a></li></ul><a href="/intelligence/digital-health?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=health&amp;itm_campaign=digital-health"></a>Featured Digital Health Articles: - <a href="/telehealth-industry-explained">Telehealth Industry: Benefits, Services &amp; Examples</a> - <a href="/value-based-care-pay-for-performance-healthcare-model">Value-Based Care Model: Pay-for-Performance Healthcare</a> - <a href="/senior-care-market-trends">Senior Care &amp; Assisted Living Market Trends</a> - <a href="/wearable-technology-healthcare-medical-devices">Smart Medical Devices: Wearable Tech in Healthcare</a> - <a href="/artificial-intelligence-healthcare">AI in Healthcare</a> - <a href="/remote-patient-monitoring-industry-explained">Remote Patient Monitoring Industry: Devices &amp; Market Trends</a>

VC-backed startups are all competing for customers in the red-hot Medicare Advantage market. Here's our first look at how Oscar, Devoted, and Bright stack up.

<ul class="summary-list"><li><a href="https://www.businessinsider.com/category/bright-health">Bright Health</a>, a Minneapolis-based health-insurance startup, just raised $635 million, bringing its total funding to more than $1 billion.</li><li>Bright offers insurance to individuals under the Affordable Care Act and coverage to seniors in <a href="https://www.businessinsider.com/category/medicare-advantage">Medicare Advantage</a>. It partners with a health system in each market to help set up its insurance plan, and it plans to double its geographic footprint in 2020.</li><li>The venture-backed health-insurance startups Oscar Health, Clover Health, Devoted Health, and Bright Health have raised a combined $3.6 billion.</li><li><a href="http://newsletter.businessinsider.com/join/health-insider">Subscribe to Dispensed, Business Insider's weekly healthcare newsletter</a>.</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary" target="_blank" rel="noopener">Click here for more BI Prime stories</a>.</li></ul>A 3-year-old health-insurance company just raised a massive $635 million funding round as it seeks to double its footprint for next year.Bright Health provides health plans for individuals under the Affordable Care Act and to seniors in <a href="https://www.businessinsider.com/category/medicare-advantage">Medicare Advantage</a>. It was founded in 2016 and has now raised more than $1 billion. A representative for the company declined to provide its valuation.The venture-capital firm NEA led the new round, and Bright now represents the largest single investment in a company in NEA's 42-year history, the firm's general partner Mohamad Makhzoumi, who sits on Bright's board, told Business Insider."It was a pretty easy decision," Makhzoumi said. "It's an exceptional business."Bright Health is part of a group of health-insurance startups that have raised large sums from investors to take new approaches to health insurance. In August 2018, <a href="https://www.businessinsider.com/oscar-health-q3-results-after-alphabet-google-investment-2018-11">Oscar Health raised $375 million from Alphabet</a> as part of plans to enter the Medicare Advantage market in 2020. Devoted Health in October 2018 <a href="https://www.businessinsider.com/devoted-series-b-slide-deck-revenue-and-margin-projections-2019-2">raised $300 million</a> ahead of launching its first Medicare Advantage plans in Florida this year. <a href="https://techcrunch.com/2019/01/29/alphabet-backed-medicare-advantage-startup-clover-health-raises-500m/">Clover Health</a> in January raised $500 million. Altogether, the four venture-backed health insurance startups have raised $3.6 billion.The Minneapolis-based Bright Health <a href="https://www.businessinsider.com/bright-clover-devoted-oscar-alignment-health-insurance-results-q3-2019-11">posted a net loss of $9.3 million</a> for the first three quarters of 2019, a deeper net loss than the $4.2 million loss the company had over the same period in 2018. The company made $164.3 million in revenue and recorded $127.9 million in medical claims.The startup covered 60,434 members as of September 30, mostly in ACA health plans for individuals and families.Read more: <a href="https://www.businessinsider.com/bright-clover-devoted-oscar-alignment-health-insurance-results-q3-2019-11">We just got a look at the latest financials for health startups like Bright and Oscar. They reveal the challenges facing the insurers as they keep growing their footprints.</a><h2>Bright's plans for 2020</h2>The funding will come in handy as the startup looks to expand its reach in 2020.The company said in July that it would operate in parts of 12 states in 2020, roughly double its geographic footprint for 2019.Read more: <a href="https://www.businessinsider.com/bright-health-expansion-plans-for-medicare-advantage-aca-for-2020-2019-7">$950 million insurer Bright Health is plotting a massive expansion as startups look to reinvent how Americans get healthcare</a>That'll include specific cities and counties in Florida, Illinois, North Carolina, Oklahoma, and South Carolina as well as the whole state of Nebraska. It builds on Bright's presence in Alabama, Arizona, Colorado, Tennessee, Ohio, and New York.Bright typically partners with one health system in each market to help set up its insurance plan. For instance, in New York, it's working with <a href="https://www.businessinsider.com/mount-sinai-strategy-booking-a-visit-talking-with-doctors-easier-2019-5">Mount Sinai Health System</a>, and in Colorado it partnered with Centura Health.The idea is that by working directly with one health system in a region rather than contracting more broadly, Bright can make its members' care better and less expensive.<a href="/intelligence/digital-health?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=health&amp;itm_campaign=digital-health"></a>Featured Digital Health Articles: - <a href="/telehealth-industry-explained">Telehealth Industry: Benefits, Services &amp; Examples</a> - <a href="/value-based-care-pay-for-performance-healthcare-model">Value-Based Care Model: Pay-for-Performance Healthcare</a> - <a href="/senior-care-market-trends">Senior Care &amp; Assisted Living Market Trends</a> - <a href="/wearable-technology-healthcare-medical-devices">Smart Medical Devices: Wearable Tech in Healthcare</a> - <a href="/artificial-intelligence-healthcare">AI in Healthcare</a> - <a href="/remote-patient-monitoring-industry-explained">Remote Patient Monitoring Industry: Devices &amp; Market Trends</a>

Bright Health just added $635 million to its war chest as the health startup plots a massive expansion

<ul class="summary-list"><li>Workers and employers alike increasingly searching for more and better ways to work faster and more efficiently, often by using new cloud software and automation tools. </li><li>Business Insider compiled a list of the top productivity software startups to watch in 2020 based on nominations from venture capitalists and industry leaders.</li><li>These 13 startups range from established private companies looking to go public, to smaller startups that are just getting off the ground.</li><li><a href="https://www.businessinsider.com/prime">Click here to read more stories from BI Prime</a></li></ul>Workers and employers alike are always searching for new and better ways to work and collaborate faster and more efficiently.The success of video conferencing service Zoom after its blockbuster 2019 IPO has only underscored this trend, even as workplace chat app Slack continues to see growth even under the spectre of direct competition from Microsoft itself.Against this backdrop, <a href="https://www.businessinsider.com/cloud-startups-huge-valuations-going-public-2019-12">investors are only too willing to invest millions in promising young productivity software startups</a>, particularly those working in the cloud computing and automation markets, where it seems that there's still a lot of potential to be explored."We're in the early innings of productivity software. That's why they're growing faster than ever," Jason Lemkin, an active startup investor and the founder of SaaStr, a company that helps founders build cloud software businesses, told Business Insider. Those companies are benefiting from a larger trend, where the rise of the cloud means that workers, rather than the IT department, can pick and choose which tools to use. It means that upstarts can compete with major vendors by offering specific, useful tools that are better than the legacy options - after all, that's how Zoom and Slack established themselves in the first place."De-bundling and this sort of best of breed approach is what's happened…we've all been sort of spoiled by the amazing software experience we get on our iPhone and all the apps that we use in our personal life and we expect that now in enterprise," Rama Sekhar, a partner at Norwest Venture Partners, told Business Insider. Workers are also increasingly looking to <a href="https://www.businessinsider.com/zapier-automation-skills-more-valuable-programming-2019-12">automate routine tasks and processes</a> to free up their time to work on the more creative parts of their jobs. All this means there's many different ways to tackle productivity - by creating new tools to get work done, by measuring how useful those tools are, and by making sure all those tools can connect so you can automate away repetitive tasks. Business Insider spoke to investors and industry leaders to compile the following list of the top productivity startups to watch in 2020 (valuations are taken from PitchBook unless otherwise noted):

These are the 13 hottest productivity software startups investors say to watch in 2020

<ul class="summary-list"><li>Alignment Healthcare, a company that provides health-insurance plans and services designed to help coordinate care, just raised another $135 million to expand its approach to the red-hot Medicare Advantage market. </li><li>Alignment CEO John Kao told Business Insider that the company will be using the fresh capital to enter into new markets and offer more Medicare Advantage health-plan products.</li><li>In 2019, the company's health insurance business in California brought in $676 million in premium revenue and posted a net loss of $3.6 million. </li><li><a href="https://www.businessinsider.com/prime?r=US&amp;IR=T">Visit BI Prime for more stories</a>.</li></ul>Investors just made another big bet on the red-hot Medicare Advantage market. Alignment Healthcare, which provides health-insurance plans and services designed to help coordinate care, focused on Americans over age 65, on Wednesday said that it raised an additional $135 million from investors including Fidelity, T. Rowe Price, and Durable Capital Partners. In total, Alignment has raised $375 million from investors like private-equity firms Warburg Pincus and General Atlantic.Alignment CEO John Kao told Business Insider that the company will use the fresh capital to expand into new markets and offer more kinds of Medicare Advantage health plan products, such as plans that serve members who are eligible for both Medicare and Medicaid. The company will also be looking to expand geographically both within California and in markets outside of California as well. <h2>Alignment's approach to Medicare Advantage</h2>The company, founded in 2013, operates health plans in California and works with health plans in North Carolina. Alignment gets paid a percentage of their revenue to provide services like making sure patients are getting the right health services and showing up for appointments. The company also runs its own health clinics.Read more: <a href="https://www.businessinsider.com/alignment-healthcare-strategy-for-growth-in-medicare-advantage-market-2019-10">Alignment Healthcare raised $240 million to upend healthcare for seniors. CEO John Kao told us how it's taking on the red-hot Medicare Advantage market</a>In 2019, the company sold a similar business in Florida. Kao said that should Alignment look to get back into the Florida market, it'd be as a health plan rather than through the provider services it previously offered. In California, where Alignment operates its own health plans, the company's finances are easiest to track. The state accounts for the bulk of the company's members, or 49,313 people as of the end of 2019. For the full year 2019, Alignment had a net loss of $3.6 million on $676 million in revenue in California. It's a much smaller loss than the $61.3 million net loss the company recorded in 2018.Alignment spent roughly 86% of the premiums it took in on medical care.For 2020, Alignment <a href="https://www.alignmenthealthcare.com/newsroom/alignment-healthcare-set-to-double-geographic-footprint-and-medicare-advantage-plans-offered-in-2020/">is doubling the number of counties in which it'll operate</a>, with plans to hit $1 billion in revenue. The company is counting on a partnership with the Sutter Health hospital system to fuel much of its growth. It enrolled 61,500 members in its Medicare Advantage plans in California going into 2020.Read more: <a href="https://www.businessinsider.com/medicare-advantage-enrollment-oscar-bright-devoted-clover-alignment-2020-1">Venture-backed health insurers are all competing for customers in the red-hot Medicare Advantage market. Here's our first look at how Oscar, Devoted, and Bright stack up.</a><h2>Investors have poured $4 billion into health insurance startups</h2>Alignment is part of a group of health-insurance startups that have raised large sums from investors to take new approaches to health insurance.In August 2018, <a href="https://www.businessinsider.com/oscar-health-q3-results-after-alphabet-google-investment-2018-11">Oscar Health raised $375 million from Alphabet</a> as part of plans to enter the Medicare Advantage market in 2020. Devoted Health in October 2018 <a href="https://www.businessinsider.com/devoted-series-b-slide-deck-revenue-and-margin-projections-2019-2">raised $300 million</a> ahead of launching its first Medicare Advantage plans in Florida this year. <a href="https://techcrunch.com/2019/01/29/alphabet-backed-medicare-advantage-startup-clover-health-raises-500m/">Clover Health</a> in January 2019 raised $500 million, while Bright Health raised a <a href="https://www.businessinsider.com/bright-health-medicare-advantage-aca-startup-raises-635-million-2019-12">fresh $635 million</a> at the end of 2019, just ahead of its deal to buy a <a href="https://www.businessinsider.com/bright-health-buys-brand-new-day-in-medicare-advantage-2020-1">health plan that gives it a big foothold in the Medicare Advantage market</a>.Altogether, the health insurance startups have raised $4 billion.<ul class="read-more-links"><li>Read more:</li><li><a href="https://www.businessinsider.com/oscar-health-2019-full-year-financial-results-and-2020-enrollment-2020-3">We got a look at $3.2 billion Oscar Health's latest financials and enrollment numbers, and they show why 2020 will be a crucial year for the startup insurer</a></li><li><a href="https://www.businessinsider.com/clover-health-2019-annual-financial-results-medicare-advantage-2020-3">We took a look at Clover Health's 2019 financial results. They show losses deepening as the company took on more members in the red-hot Medicare Advantage market.</a></li><li><a href="https://www.businessinsider.com/aledade-ceo-on-primary-care-startups-2020-financials-industry-outlook-2020-1">We got an exclusive look at the 2020 plans for Aledade, a venture-backed startup that wants to transform the way primary care doctors are paid. It offers a key glimpse at the industry's attempts to go national.</a></li><li><a href="https://www.businessinsider.com/bausch-health-launches-dermatologycom-telemedicine-business-2020-2">Big Pharma just started copying the buzzy startups that ship Viagra and hair-loss pills to your door, and it could be the start of a 'mega-trend'</a></li></ul><a href="/intelligence/digital-health?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=health&amp;itm_campaign=digital-health"></a>Featured Digital Health Articles: - <a href="/telehealth-industry-explained">Telehealth Industry: Benefits, Services &amp; Examples</a> - <a href="/value-based-care-pay-for-performance-healthcare-model">Value-Based Care Model: Pay-for-Performance Healthcare</a> - <a href="/senior-care-market-trends">Senior Care &amp; Assisted Living Market Trends</a> - <a href="/wearable-technology-healthcare-medical-devices">Smart Medical Devices: Wearable Tech in Healthcare</a> - <a href="/artificial-intelligence-healthcare">AI in Healthcare</a> - <a href="/remote-patient-monitoring-industry-explained">Remote Patient Monitoring Industry: Devices &amp; Market Trends</a>

Alignment Healthcare just added another $135 million to its war chest as it plots growth in the red-hot Medicare Advantage market

Tom Werner / Getty ImagesOscar Health is planning a big expansion for 2020.<ul class="summary-list"><li>We got a look at Oscar Health's financials for 2019. </li><li>Oscar posted a net loss of $110 million, a deeper loss than the $57 million loss the company posted in 2018. </li><li>Oscar's planning a big expansion for 2020, expecting to hit $2.2 billion in gross revenues, up from $1.3 billion in 2019. </li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary" target="_blank" rel="noopener">Click here for more BI Prime stories</a>.</li></ul>The buzzy insurance startup Oscar Health is looking to almost double its revenue in 2020, after a more subdued 2019.Oscar brought in $1.3 billion in gross premium revenues in 2019, <a href="https://www.businessinsider.com/oscar-health-insurance-full-year-2018-financial-results-obamacare-medicare-2019-2">up slightly from 2018</a>. It expects to bring in $2.2 billion in gross revenues for 2020 after a massive jump in membership.The membership growth sets up a critical test for a health insurer that has yet to turn a profit. Oscar has raised more than $1 billion from investors enticed by its promise of a new tech-driven approach to health insurance, including Google's parent company, Alphabet.The health insurance startup sells coverage on the individual exchanges set up by the Affordable Care Act, to small businesses, and starting this year to seniors through Medicare Advantage plans.<h2>Oscar's 2019 financial results</h2>Oscar's financials are affected by two reinsurance deals. Fifty percent of Oscar's revenues now get passed along to Berkshire Hathaway, while insurance giant Axa gets about half of the remaining revenue, <a href="https://www.businessinsider.com/health-insurance-startups-oscar-clover-devoted-bright-q2-financials-2019-8">the company said as part of its second-quarter financials</a>.Accounting for those reinsurance agreements, Oscar brought in $494 million in net revenue in 2019 and paid out $418 million in medical claims. That's about 85% of the premium revenue it took in from its members, otherwise known as the medical loss ratio. Insurers aim to pay out less in medical expenses than they take in in premiums, in order to turn a profit.Oscar's net losses grew in 2019 to $110 million, a steeper loss than the $57 million net loss the company posted in 2018. The company cited the investments it's making in building the company as a contributor to the increased losses in 2019. <h2>Growing the business in 2020</h2>Going into 2020, Oscar's total enrollment increased by 63% to 420,000, from 257,000 at the start of 2019."This has been our most successful open enrollment in the company's history," Oscar CFO Sid Sankaran told Business Insider. That's in part because of the growth Oscar saw in some of the markets it had been in for at least a year. "As we enter a market, what we see is we steadily grow share in that market over time," Sankaran said. He pointed to Orlando, Florida, a market Oscar entered in 2019. It's grown from 30,000 members in 2019 to 40,000 members in 2020, Sankaran said.Read more: <a href="https://www.businessinsider.com/oscar-health-ceo-mario-schlosser-on-2020-future-of-healthcare-2020-1">Buzzy health startup Oscar is making a big bet on a crucial change to how you get your healthcare. The CEO shared how he thinks that will happen.</a>Shayanne Gal/Business InsiderOscar's enrollment figures include a small number of Medicare Advantage members who signed up when the company began selling those plans in New York and Houston for this year. As of the start of 2020, Oscar had about 1,500 members between those cities.Read more: <a href="https://www.businessinsider.com/medicare-advantage-enrollment-oscar-bright-devoted-clover-alignment-2020-1">Venture-backed health insurers are all competing for customers in the red-hot Medicare Advantage market. Here's our first look at how Oscar, Devoted, and Bright stack up.</a>Sankaran said that enrollment was in line with Oscar's expectations and noted it was among the top five new Medicare Advantage entrants in 2020, according to a Nephron Research report reviewed by Business Insider. <ul class="read-more-links"><li>Read more:</li><li><a href="https://www.businessinsider.com/bright-health-buys-brand-new-day-in-medicare-advantage-2020-1">$2.2 billion Bright Health just struck a deal to buy a health plan and gain a big foothold in the lucrative Medicare Advantage market</a></li><li><a href="https://www.businessinsider.com/bright-health-medicare-advantage-aca-startup-raises-635-million-2019-12">Bright Health just added $635 million to its war chest as the health startup plots a massive expansion</a></li><li><a href="https://www.businessinsider.com/oscar-health-insurance-full-year-2018-financial-results-obamacare-medicare-2019-2">We got a look at $3.2 billion startup Oscar Health's latest enrollment numbers, and they show why the company is pursuing a new strategy for growth</a></li><li><a href="https://www.businessinsider.com/troy-medicare-investor-pitch-deck-projections-for-medicare-advantage-2020-2">We got an exclusive look at the slide deck that Troy Medicare is using to raise $25 million for its unique approach to the red-hot Medicare Advantage market</a></li></ul><a href="/intelligence/digital-health?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=health&amp;itm_campaign=digital-health"></a>Featured Digital Health Articles: - <a href="/telehealth-industry-explained">Telehealth Industry: Benefits, Services &amp; Examples</a> - <a href="/value-based-care-pay-for-performance-healthcare-model">Value-Based Care Model: Pay-for-Performance Healthcare</a> - <a href="/senior-care-market-trends">Senior Care &amp; Assisted Living Market Trends</a> - <a href="/wearable-technology-healthcare-medical-devices">Smart Medical Devices: Wearable Tech in Healthcare</a> - <a href="/artificial-intelligence-healthcare">AI in Healthcare</a> - <a href="/remote-patient-monitoring-industry-explained">Remote Patient Monitoring Industry: Devices &amp; Market Trends</a> <h3>NOW WATCH: <a href="https://www.businessinsider.com/coronavirus-myths-debunked-wuhan-china-2020-2">Pathologists debunk 13 coronavirus myths</a></h3>

We got a look at $3.2 billion Oscar Health's latest financials and enrollment numbers, and they show why 2020 will be a crucial year for the startup insurer

The year 2015 was a definitive year for the <a href="http://www.businessinsider.in/searchresult.cms?query=Indian+internet+industry">Indian internet industry</a>. As the economy continued to grow at a healthy 6-7%, the sluggish Chinese economy meant investors are looking at India with renewed interest. Nobody cashed in bigger than the <a href="http://www.businessinsider.in/searchresult.cms?query=e-commerce">e-commerce</a> players. 
 
Experts believe that while the Indian e-commerce market is currently pegged at $5 billion, the figure might leap to as much as $40-50 billion by 2020. A 2015 PwC report even states that Tier 2 and 3 cities have seen 30% to 50% rise in transactions. 
 
With the rural and semi-rural markets catching up to the trend, no wonder the likes of <a href="http://www.businessinsider.in/searchresult.cms?query=internet+startups">internet startups</a> are pulling out all their stocks to acquire customers with hefty discounts and schemes. However, while all this might seem very recent, it all started a while ago. 
 
Here is a list of top 10 Indian startups that are riding the <a href="http://www.businessinsider.in/searchresult.cms?query=startup">startup</a> wave, and how they started.

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