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As of Jan 2020, these 931 SaaS companies are the largest in the Healthcare Software space.

The Top Healthcare Software SaaS Companies

This list tracks the largest private B2B Healthcare Software SaaS companies by revenue. In total, this list features 931 companies with combined revenues of $14B.

These companies have raised a total of $9B. Together, these Healthcare Software saas companies serve 3B customers and employ over 102K on their teams.

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Highlights

01
P
Perspecta

Healthcare Software

Provider of healthcare technology services designed to simplify the healthcare information flows. The company's healthcare technology is based on cloud which is dynamically streamlines complex network, plan and member information to deliver real-time data updates and transparency enabling health insurance and workers compensation companies by facilitating access to data for payers, providers and members, customized services guide users through the most efficient pathway of care to proactively drive better care management, resource allocation and cost containment.

$5B
-
-
9K
2006
United States
02
P
Practo

Healthcare Software

Find & book appointments with doctors, diagnostic tests, clinics, hospitals. Order Medicine & Health Products Online. Ask free health questions to doctors and get free tips from health experts. Complete health packages.

$2B
$211M
200M
1K
2008
India
03
AHSI
Allscripts Healthcare Solutions Inc

Healthcare Software

Allscripts provides healthcare information technology solutions.

$2B
-
196K
8K
1986
United States
04
eCW
eClinicalWorks

Healthcare Software

Provider of a medical practice platform intended to remove the operational burden faced by medical professionals in private practice. The company's cloud-based practice management platform offers end-to-end cloud-based medical billing, revenue cycle management, electronic health record software, practice portal and practice marketing customer relationship management software, enabling healthcare professionals to reduce cost, reduce errors and improve the quality of care.

$600M
-
-
4K
1999
United States
05
HLI
Health Language,Inc.

Healthcare Software

Developer of a proprietary middleware application that automates the incorporation of controlled medical vocabulary and coding standards into healthcare IT applications. The company allows centralized access to medical terminology standards and also provides standards for modeling, storing, updating and distributing information consistently for interoperability between hospitals, regions and countries.

$597M
$8M
-
18K
2000
Netherlands
06
EC
ExitCare

Healthcare Software

Provider of software for patient education. The company offers images, prints and videos for patient education. It offers is products for hospital and health care industry.

$474M
-
-
10K
1996
United States
07
MTLLC
Multimodal Technologies, LLC

Healthcare Software

M*Modal is a cloud-based clinical documentation solution for speech recognition, medical transcription, CDI, and coding.

$444M
$11M
-
2K
2001
United States
08
T
Tobii

Healthcare Software

Tobii along with its subsidiaries provides eye-tracking solutions. The group comprises three business units: Tobii Dynavox, Tobii Pro and Tobii Tech. Tobii Dynavox provides assistive technology for communication. Tobii Pro is a provider of eye-tracking solutions and services to study human behavior. Tobii Tech provides eye-tracking components and platforms. Business operations of the company are functioned through Sweden, Europe, the USA, and Other countries. Its largest end market by revenue in the USA.

$172M
$69M
-
378
2001
Sweden
09
D
Doctolib

Healthcare Software

Provider of an online healthcare platform designed for patients to choose doctors and make appointments. The company's online healthcare platform offers its subscription-based SaaS platform across France and Germany to medical practices or hospitals of varying sizes as well as patients, enabling doctors to manage their appointment bookings and communicate with patients, and patients can locate doctors and services and track their appointments.

$170M
$830M
-
2K
2013
France
10
MMN
Matrix Medical Network

Healthcare Software

Better engagement leads to better outcomes. Reaching, connecting and engaging members is essential to the success of any program designed to improve members’ health. That’s where Matrix excels. Working closely with our health plan partners, their members and primary care providers, we successfully engage members and get them the care and support they need. We use a national network of nurse practitioners to visit with members in their homes and ensure they are getting the care they need. Matrix supports people of all ages across Commercial, managed Medicaid and Medicare Advantage health plans.

$137M
-
100
2K
2001
United States
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What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.