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Ginger.io

Thursday, 16 May 2013 | 4:21 PM ET
Health Care Industry Game Changers
CNBC's Julia Boorstin reports on companies that are looking to increase efficiency and implement simplicity in medical care. These five are the five companies that made the CNBC Disruptor 50 list for healthcare: 23andMe, Audax Health, Castlight Health, Ginger.io, and ZocDoc.

What
Big data technology that can model individual health patterns and behavior by collecting data through a simple mobile phone app, and provide researchers, physicians and hospitals with a continuous Web-based data stream and new approach to analysis.

Disrupting
Traditional health care industry model with a proactive rather than reactive approach to patient care.

Source: Ginger.io

Headquarters: Cambridge, MA./San Francisco
CEO: Anmol Madan
Year Founded: 2010
Number of Employees: 13
Funding: $8.2 million
Key Investors: Khosla Ventures, True Ventures, Kapor Capital and Romulus Capital

Vital Stats

  • The federal government estimates that up to 30 percent of health care costs (or about 5 percent of GDP) could be saved without compromising health outcomes
  • The current $3 trillion per year in health care spending is on its way to 34 percent of GDP by 2040, according to the federal government
  • Began as an MIT Media Lab experiment using 70 MIT and Harvard students' phone data that was able to predict flus based on phone usage patterns and survey answers
  • Collects passive patient data from phone sensors and patient-entered information for health care providers
  • Acquired Pipette in 2012, a start-up aimed at preventing post-surgery readmissions that result in 4.4 million hospital stays and cost $30 billion a year
  • Has won several health care industry competitions: Sanofi's 2011 Data Design Diabetes Innovation Challenge Winner, Janssen's 2012 Alzheimer's Challenge Winner
  • Research partnerships with Cincinnati Children's Hospital and UCSF Medical Center
  • Commercial partnerships with Sanofi and Novant


On Disruption

"Disruption is solving a problem from first principles—what should exist, but doesn't. Then being fearless enough to make it so." -Anmol Madan, CEO and Data Scientist

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Contact CNBC Disruptors

  • Email: cnbcdisruptor@nbcuni.com

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