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 20 HealthCare Startups in Australia:
- Mindset Health
Mindset Health was founded in 2018 by Alex Naoumidis, Chris Naoumidis and Dan Borthwick. They are on a mission to help the billion people with access to a phone but not good healthcare. They’re building hypnosis-based digital therapeutics for chronic health conditions like IBS, Menopause and Depression.
They are also creating the future of healthcare, helping thousands (soon to be millions!) of people manage their health from home, without drugs. Their leading investors are James Beshara, Giant Leap Fund, Fifty Years and Banana Capital.
2. Navi medical Technologies
Navi Medical Technologies was founded in 2017. Navi Medical Technologies is a medical device development company incorporated in 2017 in Melbourne, Australia. Since forming in early 2016 the team behind Navi have been developing the Neonav, the first medical device of its kind for the neonatal and pediatric market that provides clinicians with real-time feedback on the location of central lines during the procedure.
The talented Navi team is compromised of award-winning biomedical engineers, experienced business professionals and a senior neonatologist.
3. Health Horizon
Health Horizon was founded in 2016. Health Horizon is available to anyone to find and follow the latest health and medical innovations from all around the world. They curate evidenced based innovations daily from hospitals, universities, NGOs, startups and health / healthcare providers. They are a marketplace for innovations in digital health, medtech, devices, service delivery, public health and associated fields, from breakthrough research to full commercial availability.
After completing alpha testing with members of the International Hospital Federation and select universities from 2015, they publicly launched in late 2016.
Vaxine was founded in 2002 by Nikolai Petrovsky. Vaxine Pty Ltd is a rapidly growing Australian biotechnology company based in Adelaide that has developed an impressive pipeline of vaccines against infectious disease, allergy, and cancer . Vaxine has developed the Advax range of proprietary polysaccharide adjuvants and is currently applying this state of the art adjuvant technology to development of vaccines against hepatitis B, pandemic influenza, Japanese encephalitis, West Nile virus, malaria, HIV and rabies, amongst others.
HealthEngine was founded in 2006 by Adam Yap, Dr Marcus Tan and Mike Cadogan. HealthEngine is transforming Australia’s access to healthcare. In a word, they’re making it easier. Easier for you to connect with your healthcare online, at your convenience. The HealthEngine Network is Australia’s largest patient network. It’s the place where patients are already online, connecting with their favourite healthcare providers through the HealthEngine website and app.
6. Omniscient Neurotechnology
Omniscient was founded in 2019 by Michael Sughrue and Stephane Doyen. They create enterprise grade clinical and research solutions applicable to a variety of brain-related disorders, including depression, chronic pain, cancer, bi-polar disorder, Alzheimer’s, dementia, and PTSD, with the goal of bringing predictive analytics to the world faster. They are a data company and aim to radically change the care of patients with brain disease by turning loose Machine learning/AI and big data to actually provide useful information to doctors.
This involves both facilitating research, and providing high quality data based guidance to clinicians. Their leading investor is Will Vicars.
Mable was found in 2014 by Peter Scutt and Tony Charara. Mable is an online platform allowing people to connect with care and support in their local community. Founded in 2014, Mable has become Australia’s largest online community of independent support workers who offer their services directly to people who are seeking aged care or disability support. Through their easy-to-use, simple online platform, they provide communities an effective means of connecting so people seeking care and support can find the right worker.
At the same time, Mable gives independent workers the opportunity to build their business and be their own boss as an aged care or disability support worker. Their leading investors are General Atlantic, Ellerson Capital and Tony Wales.
Qbiotics was founded in the year 2000. QBiotics is an Australian life sciences company, inspired by nature to improve human and animal health. Their research and development program is based on compounds derived from the Australian tropical rainforest. Their product focus address unmet medical needs for humans and companion animals. They are currently concentrating on the global health priority areas of cancer, specifically solid tumours, and chronic wound management.
Hireup was founded in the year 2014 by Jordan O’Reilly and Laura O’Reilly. For too long, people with disability have had to accept support on someone else’s terms. At Hireup they decided to fix that, by investing in technology and their community and bringing together as many Australians as possible to share in our vision. Together they are redefining what it means to be connected. To be supported. To be a community empowered by a system that matches people not just on qualification but on shared interests.
The Hireup story starts with Jordan and Laura O’Reilly, who grew up alongside a brother with disability. Managing support workers was part of their family routine. Sometimes the support workers were a great fit but more often than not, they weren’t. Their leading investors are SEEK.
Seer was founded in 2016 by Dean Freestone and George Kenley. Seer Medical is creating technology that revolutionises the diagnosis and management of neurological conditions, with a special focus on epilepsy. Mission is to empower people by delivering personalised deep clinical insights by utilising the latest technology. Their technology consists of wearable devices, a cloud platform and machine learning systems. These systems are at the core their at-home video EEG monitoring and diagnostic service – the first of its kind.
Seer has already made a big impact across the east coast of Australia over the last 2 years, and is now building for international expansion. Their leading investors are Cochlear, EWM Group and Giant Leap Fund.
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.
16. 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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