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🚀 Metriport: Plaid for Healthcare
Open-source universal API for healthcare data.
Healthcare systems and digital health companies hold and work with large sensitive data everyday. This week’s startup Metriport helps digital health companies manage user health and medical data with a universal API
⚾ The Elevator Pitch:
If you’re a small digital health company, working and integrating data from healthcare systems can be difficult – especially setting up systems that are HIPAA and SOC-2 compliant. Time spent on wrangling with this data is time that could have been spent focusing on company growth and scaling.
Metriport is the Plaid for Healthcare. They provide a full-service, secure API that allows you to directly integrate and access user health and medical data. This empowers startups to access broad patient medical data, electronic health records, and even health devices.
👇 The Drop Down:
Tech Trend: Health-tech
Traction: Backed by YCombinator
🔍 Why we like it
🪄 Big opportunity, big market, big impact
Beyond just the healthcare industry, the electronic health records market alone was estimated whopping 27 billion dollars! A lot of healthcare systems out there are antiquated however accessing sensitive this data is a barrier for many small digital health startups aiming to disrupt the field. Metriport aims to simplify the process for both ends, creating an end-to-end API.
⏰ Right place, right time
The COVID-19 pandemic increased the amount of time doctors spent on their EHR software. For many doctors, this was a painful reminder of how cumbersome their software is. Right now, more practices are considering switching from their old EHR provider to another product with a better user experience, and this is a rare opportunity that Metriport is well-primed for.
🤞Open-source is key for trust
Metriport is betting on the open-source nature of their product. Transparency and dev-friendliness are keys to establishing trust in the health-tech space. Trust is especially important in health-tech and healthcare – you want to trust the people working with your health data.