The Top 100 Healthcare Technology Companies of 2022 – The Healthcare Technology Report.

The Healthcare Technology Report is pleased to announce The Top 100 Healthcare Technology Companies of 2022. The awardees on this years list represent the absolute best in the healthcare technology space. From companies like Novartis with more than 100,000 team members around the globe, to numerous smaller startups with just a few dozen employees in a single office, these companies are changing the face of the industry. They are leveraging their considerable talent to find innovative solutions to the most pressing issues in healthcare, and they are saving countless lives and extending healthspans in the process.

Some of this years awardees include Hologic, whose growth across breast and skeletal health, diagnostic solutions, and GYN surgical solutions is driven by the clinically proven ability of its products to detect, diagnose, and treat illnesses and other health conditions earlier and better; Integra LifeSciences, which offers a broad portfolio of products and solutions for dural access and repair, cerebral spinal fluid management, and neuro-critical care; and Axtria, whose best-in-class cloud-based analytics platforms have leveraged AI and machine learning to help life sciences operators make the most of their data for the benefit of their clients.

The top 100 companies this year represent a range of specialties, from genomics to pharmaceuticals, lab testing, therapeutics, data analysis, and much more. What they have in common is the impact they are having on patients lives, whether through direct treatment or by providing advanced, game-changing products and services to treatment providers. They are driving the industry forward and creating an environment in which better care for all is possible. Please join us in celebrating The Top 100 Healthcare Technology Companies of 2022.

1. NovartisCategory: Biotech

As one of the largest pharmaceutical companies in the world, Novartis has continued to break new ground in delivering innovative medical solutions to almost 1 billion people around the world. It employs approximately 125,000 individuals in its international offices and production facilities, most notably from its headquarters in Basel, Switzerland and Cambridge, Massachusetts.

Novartis was born out of the 1996 merger of Ciba-Geigy and Sandoz, and the new company quickly grew to push the boundaries of achievement in cancer-fighting drugs and other essential pharmaceutical products. The company has attracted a great deal of praise from industry and civil organizations for the benefits of its generic drugs, which have been praised by the Access to Medicine Index for widening access to medicine among underserved populations. Amid a difficult period for multinationals, Novartis has shown impressive growth in its major brands, and its continued developments in multiple sclerosis treatments have been met with international acclaim.

2. StrykerCategory: Medical Devices

Michigan-based medtech company Stryker is recognized as an industry leader in the field, designing and manufacturing devices used in hospitals and care facilities in more than 100 countries. Strykers main offerings are divided into the segments Orthopedics, MedSurg, and Neurotechnology and Spine, the latter of which has seen groundbreaking advances in recent years. Boasting more than 46,000 employees around the world, the company has posted a remarkable four decades of consistent growth over its lifetime, reporting over $17 billion in sales in 2021.

Founded as the Orthopedic Frame Company by Kalamazoo orthopedist Dr. Homer Stryker in 1941, the company has made a name for itself in its production of medical devices that quickly become indispensable for modern health care. Stryker has frequently been hailed as a forward-thinking workplace, having been named to Fortunes list of the worlds best workplaces five years in a row. Most recently, it has made waves with the launch of its new Global Technology Center, a unique 150,000-square-foot R&D facility in New Delhi designed to supercharge the companys capacity to develop new life-saving innovations.

3. Edwards LifesciencesCategory: Medical Devices

Edwards Lifesciences is the global leader in patient-focused medical innovations for structural heart disease and critical care monitoring. Driven by a passion to help patients, the company collaborates with the worlds leading clinicians and researchers to address unmet healthcare needs, working to improve patient outcomes and enhance lives. As the pioneer of many products considered industry standard, including the transcatheter aortic valve replacement, Edwards products are sold in approximately 100 countries around the world. Founded by engineer Miles Lowell Edwards in 1958, the company has 16,000 employees around the world with manufacturing operations in North America, Europe, Singapore, and the Caribbean.

The Edwards Lifesciences Foundation supported more than 250 global charities in 2021 and continued its work with Every Heartbeat Matters, the Foundations primary philanthropic initiative, to improve the lives of 2.5 million additional underserved structural heart and critical care patients by the end of 2025.

To advance social equity, Edwards established a Social Impact Investment Fund with $100 million to support economic development in predominantly Black and underserved communities in the U.S. When Edwards was established as a separate company from Baxter in 2000, the company was formed around a credo which serves as a reminder to always put patients first, and that as a company Edwards will remain committed to making a positive impact on the quality of life for patients around the world.

4. Centura HealthCategory: Consumer HealthTech

Faith-based health care nonprofit Centura Health is known as a leader in high-quality health care services throughout Colorado and western Kansas. Its network of 17 hospitals and 6,000 physicians are responsible for delivering the best possible medical outcomes to traditionally underserved communities across the region. Centura traces its roots to a dedicated, compassionate order of Catholic sisters in 1882, and has pushed since its founding 25 years ago to deliver on that mission of building healthy people and communities.

As befits an organization that was founded on the value of altruistic service, Centura has developed a reputation as an invaluable supporter of local communities, launching initiatives to promote food security, mental and behavioral health, and rural community care. It has contributed a great deal of resources and attention to supporting community hospitals and rural communities in seven different countries, and recently issued a $5 million health equity and advancement grant to help regional organizations enhance health outcomes across the board.

5. HologicCategory: Medical Devices

Headquartered in Marlborough, Massachusetts, Hologic and its team of more than 6,700 have created an innovative medical technology company whose purpose is to enable healthier lives everywhere, every day. While Hologic discovers and develops groundbreaking products and services that benefit everyone, they are especially passionate about those that advance womens health and well-being, allowing the company to prosper and grow while empowering women to experience healthier lives.

None of this would be possible without the talent, skills, and aspirations of Hologics employees. Since its founding in 1985, the company has expanded to more than 100 countries and territories and holds more than 3,000 patents. Its employees expertise and dedication to developing and sharing more robust, science-based certainty drives Hologics increasingly global presence, as well as a pipeline that responds to the unmet health and wellness needs of women, families, and communities.

Hologics growth across breast and skeletal health, diagnostic solutions, and GYN surgical solutions is driven by the exceptional and clinically proven ability of its products to detect, diagnose, and treat illnesses and other health conditions earlier and better. This clinical superiority creates high expectations, which the team at Hologic fulfills by always challenging itself to improve health through better technology, education, and market access. The companys goal is to minimize doubt and maximize the confidence its customers and their patients have in their decisions and diagnoses. By focusing on womens health while still delivering health benefits to everyone, Hologic is setting a new standard of excellence that is strengthened by purpose, driven by passion, and brought to life by its promise of more certain early detection and better health outcomes.

6. Access HealthcareCategory: Software & Data

Access Healthcare provides business process outsourcing, applications services, and robotic process automation tools to hospitals, health systems, providers, payers, and related service providers. The company operates from 19 global delivery centers in the U.S., India, and the Philippines. Their 25,000+ staff is committed to bringing revenue cycle excellence to clients by leveraging technology, emerging best practices, and global delivery. Based in Dallas, Texas, the company supports more than 400,000 healthcare providers through 85+ clients, serving 80+ specialties, processing more than $70 billion in accounts receivable annually, and ascribing medical codes to more than 30 million charts annually.

With more than 3,500 virtual bots in operation, Access Healthcare's proprietary robotic process automation platform helps its clients improve efficiency. Access Healthcare is HITRUST, PCI DSS, SOC, ISO 27001, and ISO 9001 certified, providing security, availability, and confidentiality of sensitive health information.

7. CitiusTechCategory: Software & Data

CitiusTech is a partner of choice to the worlds largest healthcare and life sciences organizations to accelerate digital innovation, drive business transformation, and enable industry-wide convergence. With more than 7,000+ healthcare technology professionals, CitiusTech provide strategic consulting, digital engineering, data, analytics & AI, specialized platforms, and end-to-end solutions to more than 130 organizations across the payer, provider, medtech, and life sciences industries.

CitiusTechs cutting-edge technology expertise, deep healthcare domain expertise, and a strong focus on digital transformation enable organizations to deliver better outcomes, accelerate growth, drive efficiencies, and make a meaningful impact to patients, caregivers, and consumers. CitiusTechs deep commitment to world-class quality and unwavering focus on delivery excellence and client satisfaction is evident in their customer satisfaction score of 4.5/5 and a Net Promoter Score (NPS) of over 70.

8. Integra LifeSciencesCategory: MedTech

Integra LifeSciences is a global leader in neurosurgery and regenerative medicine. The company offers a broad portfolio of products and solutions for dural access and repair, cerebral spinal fluid management, and neuro-critical care. Its regenerative tissue technologies include products that address soft tissue, nerve, and tendon repairs and for the treatment of acute and chronic wounds, burns, as well as for plastic and reconstructive surgery.

Founded in 1989 by Richard E. Caruso, the company is headquartered in Princeton, New Jersey. Today, Integra LifeSciences has grown immensely, with more than 3,000 employees worldwide as well as offices, manufacturing, and research facilities in Asia, Australia, Europe, the Middle East, and the Americas. Integra products are ubiquitous in many hospital intensive care units and operating rooms around the world. And some of its leading brands include AmnioExcel, Bactiseal, CerebroFlo, Certas Plus, Codman, CUSA, DuraGen, and DuraSeal. In March, the company launched its newest product: NeuraGen 3D Nerve Guide Matrix , a resorbable implant for the repair of peripheral nerve discontinuities.

9. Jazz PharmaceuticalsCategory: Biotech

Global biotech company Jazz Pharmaceuticals is a tireless pioneer in innovating medical treatments for serious ailments once thought uncurable, such as narcolepsy and schizophrenia. Among the companys best-known productsall of which have provided relief to thousands around the worldare Vyxeos, Xywav, and Jazzs crown jewel, narcolepsy medication Xyrem. For its efforts in the development of these innovative treatments, Jazzs neuroscience and oncology divisions together posted revenues of $814 million in the first quarter of 2022, up more than a third from last year.

First launched in 2003 from Dublin, Ireland, Jazz has grown to expand its corporate presence and manufacturing to multiple sites in Europe and the Americas, and now employs more than 3,100 biotech experts to deliver on its promise of reimagining what is possible in medicine. Following its successful 2021 acquisition of GW Pharmaceuticals, it has pushed to expand its offerings in international markets while continuing to develop daring new treatments for multiple sclerosis and lymphoma.

10. AxtriaCategory: Software & Data

Life sciences technology pioneer Axtria was built to harness the best in cutting-edge data science and cloud technology and use it to improve health outcomes around the world. The company is best known for its best-in-class cloud-based analytics platforms, DataMAx, SalesIQ, InsightsMAx, and CustomerIQ, which have leveraged AI and machine learning to help life sciences operators make the most of their data for the benefit of their clients.

The company was launched by data scientist and onetime Entrepreneur of the Year Jassi Chadha in 2010, and has since expanded to bring new products and services to healthcare providers in 75 countries and counting. In addition to its perpetual placement on Deloittes Fast 500 and Inc. 5000, Axtria has repeatedly been certified a Great Place to Work in both its Indian locations and its U.S. headquarters in Berkeley Heights, New Jersey. Reflective of the high esteem in which the company is held in the life sciences world, Axtria was recently invited to deliver the keynote address on the future of the pharmaceutical world at Reuters Pharma USA 2022 event.

11. Horizon TherapeuticsCategory: Biotech

There may be no grander figure when it comes to the development of medicines for rare and rheumatic diseases than Irish biotech research company Horizon. Leading products such as Krystexxa, Duexis, and Rayos have brought comfort to and improved the lives of millions of individuals around the world who suffer from rare diseases such as gout, thyroid eye disease, and a variety of other inflammatory diseases. Horizons team of more than 2,000 strive to achieve the companys mission from their headquarters in Dublin as well as its U.S. office in Lake Forest, Illinois.

In addition to its already significant work improving the health outcomes of rare disease patients, Horizon supports an impressive array of community outreach initiatives, working to advance STEAM education and environmental sustainability in partner sites around the world. For its labors in these noble fields, the CSR World Leader company was named one of Peoples Companies That Care in 2021, and has received praise from the IBIO Institute and the Communitas Awards.

12. Leica BiosystemsCategory: Biotech

A German cancer diagnostics company that has as its motto Advancing Cancer Diagnostics, Improving Lives, Leica Biosystems provides the world a unique comprehensive diagnostic portfolio built to help identify and beat cancer using the latest technology. Leica is a proud partner of the Mayo Clinics Department of Laboratory Medicine and Pathology, and it works to improve patient outcomes there with the development of new cytogenic imaging software products.

Founded in 1989, Leica has expanded out of its headquarters in Wetzlar, Germany to establish offices across the Americas, Europe, and Asia Pacific. Today, its products are used in more than 100 countries around the globe. Among the companys latest developments in biotechnology are the exploration of innovative applications of artificial intelligence and machine learning in pathology. Further, with the introduction this year of Leicas new advanced, fully automated staining platform BOND-PRIME, it has managed to improve user experience while achieving major revenue growth despite a difficult climate.

13. ModereCategory: Consumer HealthTech

First founded as an all-natural shampoo that delivered on the natural ingredients promise made and broken by so many competitors, Modere has grown to become a household name for science-backed clean label health and beauty products. Its omnichannel consumer products have been featured as standout offerings in personal care and nutrition among its more than 3 million customers, and have been shared on national platforms including Good Morning America, NPR, and Forbes.

Modere has accomplished a great deal since its founding 30 years ago. Led by Chief Executive Officer Asma Ishaq, the company was named the top woman-led company of the year in 2021 by the JPMorgan-backed Women Presidents Organization. Modere was also ranked the #1 fastest growing woman-led company by Forbes, and its state-of-the-art collagen sciences offerings have been hailed by industry voices for raising the bar for consumer applications of the latest health sciences.

14. Penumbra, Inc.Category: Medical Devices

Penumbra, Inc. is a global healthcare company which designs, develops, manufactures, and markets innovative therapies to address complicated medical conditions in a novel way, supporting healthcare providers, hospitals, and clinics in more than 100 countries. Penumbra has redefined care across conditions that impact millions of Americans, including ischemic stroke, peripheral blood clots (clots throughout the body, such as pulmonary embolisms), and aneurysms with first-to-market minimally invasive interventional medical devices that have improved clinical outcomes. Penumbra recently expanded into immersive healthcare using virtual reality to inspire and empower potentially millions of patients to engage and challenge themselves more fully in their physical and cognitive rehabilitation and mental wellness.

As a global market leader that continues to experience double-digit revenue growth year-over-year, Penumbra is committed to advancing innovations that address unmet needs and help as many people as it can with its technologies.

15. PractoCategory: Software & Data

Practo is an Indian healthcare platform renowned for breaking down the barriers between patients and doctors with its signature all-in-one consumer healthcare software. By using Practos video conferencing platform, the company empowers more than one billion Indian people to take charge of their health and make more informed care decisions for their loved ones. Other Practo services include Ray, a practice management software used by thousands of clinics in the country, and Insta, a standout full-stack HIMS solution trusted in more than twenty markets around the world.

Founded in Bangalore and still headquartered there, Practo has a longstanding commitment to privacy and equity that has connected patients and doctors since its establishment in 2008. In remarkable expansions of this mission to traditionally underserved populations, the company added online consultation functionality in 15 vernacular languages at the height of the COVID-19 pandemic, and the launch of a digital veterinary consult option in 2021 has brought Practos game-changing technology into yet another critical market segment.

16. TempusCategory: Biotech

With a stated mission of bringing the frontiers of technology to the world of medicine, Chicago-based biotech research company Tempus is leveraging an incredible data library to apply AI to the establishment of a new era of precision medicine. Tempus offerings empower healthcare partners to more efficiently diagnose patients and model the effectiveness of treatments, and its clinical trial matching capabilities have helped more than 10,000 patients since its founding in 2015.

Tempus is empowered to make use of its greater than 50 petabytes of data thanks to its partnerships with prominent figures across the biotech research world, including 120 biopharma companies and more than half of all academic medical centers in the U.S. As a recognized innovation driver in the industry, the company has announced recent advances in machine learning-based genomic testing, and has presented dozens of papers at this years meetings of the American Association for Cancer Research and the American Society of Clinical Oncology.

17. VerilyCategory: Biotech

Alphabets life science research organization, Verily is dedicated to using the power of data to change how healthcare is managed and delivered. Among the solutions provided by Verily are its evidence generation services, care delivery, and care management, as well as its joint ventures in precision risk management, addiction recovery, and other cutting-edge areas. With new partnerships announced with Lumea and Highmark Health, it is continuing to play an active role in some of the latest developments in health tech.

Verily began as a division of Google X until its transition to an independent subsidiary in 2015. Since then, the company has engaged in a series of expansions that have vastly boosted its profile in the health science research industry, including a remarkable $1 billion fundraise in 2019 and the sale of its robot-assisted surgery venture Verb Surgical. In 2020, the company announced its entry into the insurance market with the launch of a Re Group-backed insurance subsidiary called Coefficient Insurance Company.

18. Carbon HealthCategory: Consumer HealthTech

In a world in which accessing healthcare seems to become more and more difficult and time-consuming for the average consumer, Carbon Health strives to use smart tech to provide a seamless relationship between patient and provider. From its home base in San Francisco, Carbon Healths platform enables individuals across the country to make virtual or in-person appointments with their primary care provider, urgent care provider, or mental or behavioral health specialist. It has also risen to the challenge of the pandemic era by offering expanded services for diabetes care, LGBTQ and womens health, and COVID care programs for employers.

Carbon Health was started in 2015 by immigrant entrepreneurs Eren Bali and Caesar Djavaherian, who saw a gap in the U.S. healthcare system and devised a means to use technology to remove boundaries to care. Having perfected the telemedicine niche at a critical moment of need, the Co-Founders and Chief Executive Officers have steered their company to a $3 billion valuation in just six years, and have continued to change the game in how doctors and patients alike use technology for the care they need.

19. Global Healthcare Exchange (GHX)Category: Software & Data

Founded in 2000 in Louisville, Colorado, GHX is a software-as-a-service company that is reducing the cost of doing business in healthcare by automating supply chain processes and improving visibility into the products used in patient care. The GHX Global Network, the worlds largest community of healthcare trading partners, connects supply chain, finance, and clinical professionals with their suppliers, and the cloud-based technology makes it easier for customers to drive costs out of the healthcare supply chain. Since 2010, GHX has saved the healthcare industry more than $5 billion. Today, the company is expanding its solutions to further enhance data management and allow integration of clinical and business systems.

The focus of GHX is on the healthcare supply chain, through which hospitals and their suppliers buy and deliver the thousands of medical-surgical supplies that clinicians need to effectively care for patients. At the heart of GHX is the GHX Exchange, a platform that connects healthcare providers and suppliers so they can work together electronically. This helps lower costs and simplifies supply chain management by eliminating error-prone, manual order processes. GHX is known for operating the largest healthcare trading network in the U.S., representing more than 80% of licensed beds in the country, with more than 85% of med-surg products flowing through the platform.

20. TELUS HealthCategory: Software & Data

Digital health technology and services provider TELUS Health is the power behind the digital health ecosystem used by 130,000 physicians to treat millions of patients across Canada. From its headquarters in Montreal and its offices throughout the nation, it electronically processes 130 million health insurance claims annually. The company also works to help employers optimize their health insurance packages for their workforces, and its round-the-clock Virtual Care platform directly links people who need healthcare to the appropriate providers.

TELUS Health is a division of Canadian multinational Telus Corporation, a company that has grown over three decades to lead the charge in telecommunications, agriculture, security, and health sciences. TELUS Health has long worked to achieve considerable social good with its corporate activities, recently helping two million Canadians gain access to their own digital health records and opening a mental health clinic in Montreal to better support the community.

21. Tandem Diabetes CareCategory: Medical Devices

Tandem Diabetes Care is a medical device company that has become synonymous with quality, reliable care for diabetes sufferers the world over. Tandem is responsible for the development and production of the t:slim X2 insulin pump with Control-IQ technology, one of the most trusted names in user-friendly digitally enabled insulin pumps for individuals with Type I diabetes.

From its head office in San Diego, Tandem has long characterized itself as a positively different pump manufacturer, working with users to make sure their products are perfectly configured to meet their unique needs. The company has continued to push the envelope when it comes to insulin management, developing new and better device software while leveraging user data to drive new insights into diabetes treatment. Ongoing research has confirmed optimal health outcomes among t:slim X2 users the world over, and with the recent acquisition of insulin set developer Capillary Biomedical, Tandem is preparing to carry their tradition of innovation and service into the future.

22. Cue HealthCategory: Biotech

Out of the many hero companies that arose to help the world meet the challenge of the COVID-19 pandemic, one of the inarguable standouts was California biotech research company Cue Health. In a move that transformed Cue into a household name virtually overnight, the companys interdisciplinary team of 1,200 medical professionals was the first to produce an at-home molecular diagnostic test for COVID, and its approval by the FDA for over-the-counter use brought the benefits of Cues remarkable achievement to millions of beleaguered Americans.

Cue Health has expanded well beyond its 2010 origins, growing to encompass five state-of-the-art buildings at its San Diego headquarters, where its tests and other products are designed, tested, and manufactured. Among the organizations that have come to rely on their partnership with Cue are ConocoPhillips, Johnson & Johnson, and a variety of national sports leagues. The fruits of the companys mammoth achievement included a striking $3 billion valuation last year.

23. CertaraCategory: Software & Data

Certara accelerates medicines using proprietary biosimulation software, technology, and services to transform traditional drug discovery and development. As a global leader in biosimulation, Certara serves more than 2,000 biopharmaceutical companies, academic institutions, and regulatory agencies across 62 countries.

Seventeen global regulatory agencies, including the U.S. FDA, Japans Pharmaceuticals and Medical Devices Agency, and Chinas National Medical Products Administration, have adopted Certaras Phoenix PK/PD software and/or Simcyp PBPK Simulator. The Companys COVID-19 Vaccine Model received both an R&D 100 Award and Edison Award in the past year. In October 2021, Certara acquired Pinnacle 21, a leading provider of SaaS solutions for clinical data fitness, regulatory compliance, and submission readiness.

With its software and global team of nearly 1,200 employees, Certara advances confident decision-making throughout the biopharma R&D lifecycle to help reduce time, lower cost, and improve outcomes for patients. The companys customers who use its software and services have received over 90% of new drug approvals by the FDA since 2014, excluding diagnostics.

24. Thrive GlobalCategory: Enterprise HealthTech

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The Top 100 Healthcare Technology Companies of 2022 - The Healthcare Technology Report.