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Audax Health

What
Self-engagement technology for individuals aimed at bringing down health-care costs and providing better care.

Disrupting
Traditional health-care industry model.

Source: Audax

Headquarters: Washington/San Francisco
CEO: Grant Verstandig
Year Founded: 2010
Number of Employees: 90
Funding: $33 million
Key Investors: Cigna and Cardinal Health, Roger Ferguson (CEO of TIAA CREF), Jack Rowe (former chairman and CEO of Aetna), John Sculley (former Apple CEO and PepsiCo president) and New Leaf Ventures


Vital Stats

  • Claims 75% of health-care spending can be cut by eliminating preventable illnesses
  • Claims at least $2 trillion a year in wasteful health care costs can be saved, and redirected to research and monitoring
  • Partners include Fitbit and Polar
  • Clients include Cigna and Value Options
  • Anticipates breaking even in 2014

On Disruption

"It's when a product forces an industry to redefine itself, dissolve barriers and increase access and simplicity—like Square did to commerce and iTunes did to music." -Grant Verstandig, CEO and Founder

Technology

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