20 medtech companies to know | 2020

Medtech companies play a critical role in developing medical therapies and innovations to improve outcomes and healthcare delivery across the U.S.

Here are 20 medtech companies to know that deliver medical devices, treatments, technology and services for healthcare providers and patients, especially as the U.S. moves toward more virtual and remote care.

Abbott (Chicago). Abbott is a global healthcare company with a portfolio of healthcare technologies including diagnostics, medical devices, nutritionals and branded generic medicine. The company has 107,000 employees in more than 160 countries who support its products and services. Abbott reported $31.9 billion in 2019 sales and has been named No. 1 in its category on Fortune's Most Admired Companies list for the past seven years.

Accenture (Dublin, Ireland). Accenture is a global professional services company that provides strategy, consulting, technology and operations services. The company focuses on 40 industries, including healthcare, and has around 506,000 employees serving clients in 120 countries. Accenture reported $44.3 billion in revenue for the 2020 fiscal year ending Aug. 31 and partners with Microsoft, Oracle, Salesforce and Workday for technology services.

Amwell (Boston). Amwell is a telehealth provider that partners with more than 50 health plans and 2,000 hospitals and health systems for virtual care services. The company also reports more than 40,000 client providers are using Amwell and 80 million health plan members have access to Amwell as a covered benefit. In September, the company received an investment from Google and launched an IPO. In October, J.D. Power ranked Amwell No. 1 in its U.S. Telehealth Satisfaction Study.

AristaMD (San Diego). AristaMD is a telehealth company providing an electronic consultation platform for primary care providers. The platform includes clinical workup checklists and is designed to integrate with clinical workflows. In recent months, AristaMD partnered with the University of Colorado School of medicine to expand its virtual consultations platform and added Ascension Ventures as an investing company to complete a $24 million Series B funding round.

Aunt Bertha (Austin, Texas). Aunt Bertha is a network that connects users with verified social care providers and allows nonprofits to coordinate efforts. The network has at least 700 resources in every county and services are free and open to all users. The company is also committed to building tools to support decision-making and strengthening partnerships. In June, Aunt Bertha partnered with Ending Community Homelessness Coalition — or ECHO —to change homeless intake for healthcare providers across the nation.

BD (Franklin Lakes, N.J.). Founded more than a century, BD is focused on improving patient outcomes and healthcare worker safety with a variety of technologies. The company has more than 50,000 associates in 50 countries and the BD Technologies and Innovation Team, based in North Carolina, is focused on developing next-generation technologies and accelerates early-stage life sciences companies through collaboration, licensing or incubation.

Boston Scientific (Marlborough, Mass.). Boston Scientific is a medical solutions and innovations company with 36,000 employees doing business in around 120 countries. The company has 40 locations worldwide to develop medical solutions that improve patient health.

Change Healthcare (Nashville, Tenn.). Change Healthcare is a technology company focused on developing insights, innovation and transformation through its platform. The company works with payers and providers to apply the data and analytics solutions to improve clinical decision-making, billing, collections and patient experience. Currently, one in three patient records is touched by its solutions, which manage 68 million diagnostic imaging studies. Change Healthcare billed $1.7 trillion using the revenue cycle and practice management solutions.

GE Healthcare (Chicago). GE Healthcare is a global medical technology and digital solutions company. It has more than 100 years in the healthcare industry and now includes around 50,000 employees. GE Healthcare had $17 billion in 2019 revenue, excluding pharmaceuticals, and reportedly invests more than $1 billion in medical research every year. Its Edison intelligence platform supports clinicians with precision health, digitizing healthcare and driving productivity.

Intuitive Surgical (Sunnyvale, Calif.). Intuitive is the maker of the da Vinci surgical system. The 25-year-old company works with healthcare providers on innovations and currently 7 million procedures are performed using its technology every year. The da Vinci system was among the first FDA-cleared robot-assisted and it's now used in 67 countries and all 50 states.

Johnson & Johnson (New Brunswick, N.J.). Johnson & Johnson is a global organization with more than 130,000 employees. The company's medical devices businesses focus on science and technology for surgery, orthopedics, vision and interventional procedures and drive value-based care. The company's orthopedics business is a global leader in joint replacement and it offers comprehensive trauma, spine and sports medicine solutions.

Medtronic (Dublin, Ireland). Medtronic is among the largest medical device companies with operations in 150 countries and products treating 70 health conditions. The company has 90,000-plus employees and its therapies are used by 72 million people annually. Medtronic's total revenue is around $28.9 billion with the cardiac and vascular, minimally invasive therapies, diabetes and cranial and spinal technologies groups among the leaders in their markets. In 2019, Medtronic spent $2.3 billion in research and development and conducted more than 350 clinical trials.

McKesson Medical-Surgical (Richmond, Va.). McKesson Medical-Surgical distributes medical supplies, healthcare solutions, distribution services and clinical resources to clients nationwide. This Fortune 500 company has 76,000-plus employees serving health systems, home health agencies, hospital labs, medical practices and more.

NewWave (Elkridge, Md.). NewWave is a full-service IT, business services and data management company. It was founded with the mission to deliver advanced IT and best practices to healthcare organizations to improve the quality of care. NewWave's team of engineers, technologists and product developers are focused on providing solutions to make users more productive. In 2019, the American Council for Technology-Industry Advisory Council honored NewWave with the Impacter Award.

Optum (Eden Prairie, Minn.). Optum, a UnitedHealth Group company, is a healthcare services company that includes healthcare providers, technologies and revenue cycle services. Ninety percent of U.S. hospitals, four out of five health plans and four of five Fortune 500 employers have relationships with Optum. OptumCare, a national network of more than 52,000 physicians, provides care for patients; the company also includes business services and technology, pharmacy services and healthcare financial services.

Siemens Healthineers (Malvern, Pa.). Siemens Healthineers USA is a medical technology company with around 18,500 patents worldwide. It has 50,000 employees in 70 countries and aims to innovate in precision medicine, healthcare delivery and patient experience. The company currently has a presence in the imaging, diagnostics and advanced therapies markets. On Sept. 30, Siemens Healthiners partnered with WakeMed to accelerate innovation and care delivery with robotic initiatives, advanced imaging and artificial intelligence.

Philips (Cambridge, Mass.). Philips is a healthcare technology company with around 81,000 employees and the mission of improving health and well-being through innovation. The company aims to affect 2.5 billion lives per year by 2030. On Sept. 23, Philips announced its partnership with Tampa (Fla.) General Hospital to provide new software, health informatics, workflow solutions and high-level consulting.

Roche (Basel, Switzerland). Roche is a large biotech company focused on biotherapies and cancer treatment. The company has 17 biopharmaceuticals on the market and a workforce of around 90,000 individuals working across 100 countries. Since its founding in 1896, Roche has developed medicines and diagnostic tests used by millions of patients globally and was one of the first companies with targeted treatments for patients.

Stryker (Kalamazoo, Mich.). Stryker is a medical technology company focused on orthopedics, neurotechnology and spine. The $14.9 billion company had around 40,000 employees worldwide in 2019 and owned 8,883 patents. The company had reported 40 years of sales growth through 2019 and was spending $971 million on research and development per year ahead of the pandemic.

Teladoc (Purchase, N.Y). Teladoc is a global virtual care and telemedicine company that provides millions of virtual medical visits to patients in 175 countries each year. The company connects patients with providers for telehealth visits and was named Best in KLAS for Virtual Care Platforms for 2020. On Aug. 5, Teladoc merged with Livongo, an applied health signals company, to combine Teladoc's clinical expertise with Livongo's consumer health insights and data-driven approach to healthcare delivery.

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