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As of Mar 2024, these SaaS companies are the largest in the Healthcare Software space.

Top Healthcare Software SaaS Companies in 2024

This list tracks the largest private B2B Healthcare Software SaaS companies by revenue. In total, this list features companies with combined revenues of $6.7B.

These companies have raised a total of $11.2B. Together, these Healthcare Software SaaS companies serve 907.5M customers and employ over 63.7K on their teams.

Data: This data was collected through the Latka podcast where each CEO was interviewed for company details.

Divider

List of Healthcare Software SaaS Companies in 2024

1
$900M
0
1999
-
4.8K
2
$560M
1.8K
2000
$234.6M
2.2K
3
$355M
135
2012
$217M
665
4
$235M
100M
2010
$105M
1.5K
5
$227M
165
1999
$56.6M
1K
6
$200M
0
2014
$314M
722
7
$184M
200M
2008
$211M
1.2K
8
$170M
0
2013
$829.8M
3.1K
9
$162.3M
200
2014
$147M
224
10
$132.3M
76M
2009
$151.9M
484
11
$116M
0
2013
-
707
12
$111.3M
2M
2015
$910.1M
2.2K
13
$108.7M
380
2012
$69.2M
566
14
$93.6M
0
2012
-
105
15
$69.1M
60K
2015
$5M
70
16
$65.4M
20K
2000
-
363
17
$60M
1.4K
2001
$25M
315
18
$57M
27K
2012
$248.4M
777
19
$56M
80
2013
$125.8M
244
20
$55.2M
0
2015
$88M
1.6K
1 - 20 of 806

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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.