The HealthEngine Story
Perth startup HealthEngine is having a pretty great year, amidst 2017 being quite a drag.
Australia’s largest online healthcare marketplace just announced that 2017 is a landmark year for them.
HealthEngine raised AU$26.7 million in a series C funding round early this year, joining the ranks as one of the ten biggest capital raises from Australian startups in 2017,
This series C funding round added on to a total of over $50 million raised so far and a 305% revenue growth over the past three years, no wonder HealthEngine was placed 23rd in Deloitte’s annual Fast 50.
HealthEngine’s CEO and Medical Director, Dr Marcus Tan is incredibly proud of what HealthEngine achieved.
“Alongside the capital raise, we’ve seen tremendous growth in user and subscriber numbers,” he said.
“These factors have enabled us to invest in employee growth, and add around 70 new people to our team, including new senior hires to help lead us to the next stage of growth.”
The company experienced 87% year-on-year growth in active users, reaching over 1.5 million a month.
With offices in Sydney and Melbourne and a new deck in Perth, the company is growing exponentially.
Recently, HealthEngine took in ex-Citibank IT Director, Mark Hammond and Mark Dick, LinkedIn Australia’s former Sales Director. Just adding on to their amazing team as they push the company to another level.
Changing Healthcare trends
Accessing healthcare is trending towards the use of technology, seeing the value in using tech and digital information to provide exceptional healthcare.
Over 2.5 million people, over 10% of the Australian population, have booked a healthcare appointment at least once via HealthEngine.
HealthEngine bridges the issue of slow communication among consumers and healthcare providers, taking away waiting time and inefficiency.
The Australian Government sees the potential and believes in the future of technology and healthcare as well.
My Health Record is an example of the government giving it the seal of approval.
In August, Health Ministers approved Australia’s National Digital Health strategy.
The five-year strategy starting in 2018 will focus on digital information and improve the healthcare for consumers. Focusing on better digital information, so that is it fast, secure and consumer friendly.
The strategy plans to allow every Australian to have My Health Record by the end of 2018 unless they choose not to.
This syncs perfectly with HealthEngine as they integrated with My Health Record and also launched Medication Manager to help users manage their prescriptions.
Healthcare sector is clearly moving with technology, and more integration is planned in the near future.
Dr Marcus Tan echoed this stating even more planned next year, including new product launches, and continuing our hiring efforts.
“I can’t wait to empower even more Australians to manage their healthcare in 2018,” he said.
Much hope for 2018 for the healthcare industry, now we just have to hope that our technology devices are up for that.
