From TIME · TIME Staff · · 1m 10s
How TIME Ranked the Top 500 HealthTech Companies
A three-part scoring system evaluated thousands of digital health firms on finances, reputation, and online reach.
In brief
A three-part scoring system evaluated thousands of digital health firms on finances, reputation, and online reach. The top 500 healthtech companies were ranked using a weighted model: 50% financial performance, 30% reputation, and 20% online engagement. Originally reported by TIME.
Defining the healthtech space
Companies develop digital tech to enhance healthcare, optimize outcomes, and improve patient engagement. Think mobile health apps and electronic health records.
Financial performance weighted most
Revenue per employee and funding amount measured stability and growth potential. This pillar counted for 50% of the total score.
Reputation came from social listening
Sentiment, visibility, and credibility were tracked across news, blogs, forums, and social media. This dimension contributed 30% to scores.
Website traffic measured engagement
Digital platform reach and user engagement levels were assessed through website traffic data. This made up 20% of the overall score.
Six market segments emerged
The 500 top companies were categorized into AI and data analytics, diagnostics, health information, medical devices, prevention, and telehealth.
Performance labels reward consistency
Outstanding, very high, or high labels were assigned based on overall ranking and pillar scores. Top performers excelled across multiple dimensions.
What matters most
The top 500 healthtech companies were ranked using a weighted model: 50% financial performance, 30% reputation, and 20% online engagement.
