The Top Healthcare Software SaaS Companies

As of Jan 2020, these 251 SaaS companies are the largest in the Healthcare Software space. (Click to apply)

This list tracks the largest private B2B Healthcare Software SaaS companies by revenue. In total, this list features 251 companies with combined revenues of $4.2B.

These companies have raised a total of $209.3M. Together, these Healthcare Software saas companies serve 16K customers and employ over 24K on their teams.

$0 - $1M ARR
  1. Basepair $1.0M
  2. Nuwe $1.0M
$1M - $5M ARR
  1. Sirenum $5.0M
  2. Doctible $4.7M
  3. AxiaMed $4.3M
$5M - $10M ARR
  1. jane.app $9.7M
  2. M2S $9.4M
  3. R1-RCM $9.2M
  4. NowPow $8.3M
  5. Verato $7.9M
$10M+ ARR
  1. Practo $2.0B
  2. Perspecta $732.7M
  3. Lybrate $162.0M
  1. 01
    Practo

    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

    $251M

    1K

    2008

    Healthcare Software

  2. 02
    Perspecta

    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

    $733M

    9K

    2006

    Healthcare Software

  3. 03
    Lybrate

    Lybrate

    Healthcare Software

    Lybrate is a mobile healthcare technology company that developed an online platform to connect doctors and patients.

    $162M

    $14M

    245

    2014

    Healthcare Software

  4. 04
    Matrix Medical Network

    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 membe

    $137M

    2K

    2001

    Healthcare Software

  5. 05
    Redoxengine|Redox

    Redoxengine|Redox

    Healthcare Software

    Connect to any EHR at any health system through a single API platform. Redox provides an integration layer to securely and efficiently exchange healthcare data. Healthcare Organizations and Technology Vendors connect to Redox once and can share data wi...|

    $119M

    $147M

    200

    174

    2014

    Healthcare Software

  6. 06
    PointClickCare

    PointClickCare

    Healthcare Software

    PointClickCare helps LTPAC providers gain the confidence they need to navigate the new realities of value-based healthcare.

    $100M

    $235M

    1K

    2000

    Healthcare Software

  7. 07
    Welltok

    Welltok

    Healthcare Software

    Welltok is a data-driven, enterprise SaaS company that delivers the healthcare industry’s leading consumer activation platform. Welltok’s solutions empower leading health plans, employers, providers and public entities to connect consumers with person

    $84M

    $252M

    60

    424

    2009

    Healthcare Software

  8. 08
    Cyden (iPulse)

    Cyden (iPulse)

    Healthcare software

    CyDen the beauty products firm that supplies cosmetic light treatments for home use.

    $66M

    122

    2012

    Healthcare software

  9. 09
    Jellyvision

    Jellyvision

    Healthcare Software

    Build software to explain benefits.

    $60M

    $27M

    1K

    458

    2001

    Healthcare Software

  10. 10
    Cloudhealthtech

    Cloudhealthtech

    Healthcare Software

    CloudHealth Technologies is a privately held software company based in Boston, Massachusetts.

    $50M

    $86M

    4K

    300

    2012

    Healthcare Software

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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.