Australia’s health system is one of the best in the world. It provides quality, safe and affordable health care for you and your family. It’s a key reason why we enjoy one of the longest life expectancies in the world.
Healthcare services in Australia are funded by the Australian Government and by private health insurance. Australia’s public healthcare system is called Medicare. Medicare provides healthcare for Australian residents for free, or at a reduced cost. It is paid for out of taxes that every Australian pays.
Medicare covers many essential treatments but not all of them. It covers things like medically necessary hospital procedures in public hospitals, visits to the doctor and some medicines. It does not cover treatments in private hospitals, ambulance services and extras services like glasses, dental treatment and natural therapies. This is why many Australians choose to have private health insurance.
The benefits you get when you have OSCH are similar to the cover Australians get through Medicare.
Top 10 HealthCare Startups in Australia:
Vaxxas was founded by Mark Kendall in 2011. Vaxxas is commercializing novel technology that dramatically enhances the performance of existing and next-generation vaccines. The company believes its innovative needle-free technology will help the world in rethinking what’s possible with vaccines.
Vaxxas’ HD-MAP technology uses a patch with thousands of vaccine-coated microprojections that is applied to the skin for a few seconds to efficiently deliver vaccine to the abundant immune cells immediately below the skin surface. Their leading investors are Bill and Melinda Gates Foundation, One Ventures, Healthcare ventures and Brandon Capital partners.
Medadvisor was founded in 2013 by Josh Swinnerton. MedAdvisor is a world-class medication management platform focused on addressing the gap and burden of medication adherence. Founded with a desire to simplify medication management, the highly automated and intuitive Australian software system connects patients to their local pharmacy, providing them with real time visibility and access to their personal medication records.
Its smart reminders, skip the queue and pre-ordering capabilities have seen high engagement from users and a 20% increase in medication adherence. Their leading investors are HMS and Eos Group.
Painchek was founded on Jan 1, 2016 by Jeff Hughes and Kreshnik Hoti. PainChek® is a secure smartphone or tablet based medical device that uses artificial intelligence and your input, to assess a person’s level of pain. PainChek provides a pain score in real time, which will help you gauge whether treatment is required. This information is then securely stored in the cloud and if you chose to, can be shared with your GP or healthcare professional.
PainChek allows you, the carer to identify and measure a person’s level of pain and supports you to assess and manage a person’s pain experience. PainChek calculates a pain score and intensity (ie No Pain, Mild, Moderate or Severe). This then allows you, the carer to intervene if pain is present and manage pain accordingly.
HotDoc was founded in July 27, 2012 by Simon Holland. HotDoc is Australia’s largest and most trusted patient engagement platform. We take pride in helping over 21,000 practitioners connect with more than 7 million patients. The HotDoc platform includes: online bookings, recalls, reminders, check-in, place in queue, online processing of repeat prescription requests, and Inform (a tool designed to encourage patients to take a more proactive interest in preventative health and chronic disease management).
HotDoc also provides free monthly webinars where practice managers, GPs, nurses and medical receptionists can earn CPD points. With over 20,000 registrations last year alone, HotDoc’s webinar series is the highest attended healthcare webinar series in Australia. Their leading investors are Right Click Capital and Air Tree ventures.
Prospection was founded in 2012 by Eric Chung, Peter Cronin and Ricky Chen. Prospection is a Pioneer in healthcare data analytics. Using predictive analytics and machine learning with real world healthcare data to unearth insights that help research, develop and target better healthcare outcomes for patients.
Founded out of Sydney’s Cicada Innovations in 2012, Prospection works with government, pharmaceutical companies and the medical community across more than 70 therapy programs, including immuno-oncology, HIV and hepatitis. Their leading investors are Ellerston Capital, Horizons Ventures and Main Sequence.
6. AND Health
ANDHealth is a national digital health initiative established by a consortium of commercial and government partners to facilitate and support the development & commercialisation of clinically validated digital health technologies across Australia. They are federally and commercially funded and will be focusing on working with mid-stage digital health projects on proof of concept and pivotal clinical validation, investment readiness and market entry – with a specific focus on regulated digital health technologies which have a clear impact on clinical outcomes for patients.
FatSecret was founded in 2007 by Lenny Moses and Rodney Moses. Their mission is to empower people to make healthy food and nutrition habits for life. They support a community of more than 50 million enthusiastic members with the highest quality tracking tools that reduce effort and create lasting healthy habits.
Through their free iOS and Android mobile apps and websites that let you track your food, exercise and weight as well as engage with a supportive community, FatSecret is unlocking the secrets of diet and weight loss for everyone. The FatSecret community enjoys access to the largest verified database of food and nutrition information globally covering all generic foods , branded products and restaurant items.
Coviu was founded in Dec 21, 2015 by Nathan Oehlman and Silvia Pfeiffer. Coviu is a telehealth software solution for healthcare practices and organisations. Their software is browser-based, meaning no downloads are required and access to your digital practice is just a click away. Coviu video consultations are enhanced with a range of in-call clinical tools and workflow integrations for appointment bookings and payments. Their software integrates seamlessly with a range of practice management systems for patient record management.
Their ultimate goal is to increase healthcare access for all, and future-proof global healthcare systems through utilising video technology. Their leading investors are Equity Venture Partners, Mass Medical Angels, Main Sequence, CSIRO and Giant Leap Fund.
Nutromics was founded in Hitesh Mehta and Peter Vranes. They are an Australian MedTech company with a vision to create a world with zero preventable deaths due to the lack of timely molecular-level data. They are developing a Continuous Molecular Monitoring platform technology that can provide clinicians with real-time and continuous data for multiple targets.
To date, they have raised $10 million, won an award for Technology Platform Solution of the Year at the National iawards, and been a Top 5 finalist in the medTech Innovator program. Their team of 15 are currently working towards our first-in-human clinical trials. Their leading investors are Artesian VC, CP Ventures and MedTech Actuator.
Arli was founded in March 21, 2020. Arli is a platform that connects the user with a community that understands addiction. For making changes big and small with alcohol—they are the living proof of what’s possible.
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