Buoy Health
Artificial intelligence to diagnose patients.
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 335 % | 81 % | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Buoy Health is a digital health startup that offers a self-screening tool designed to help users make informed decisions about their health. Founded in 2013 at the Harvard Innovation Labs and launched in 2017, Buoy Health has quickly become a leading digital triage tool, assisting over 9 million users to date. The company operates primarily in the healthcare technology market, focusing on providing accessible and reliable health information to individuals.
Buoy Health's primary clients include individual users seeking medical guidance, health plans, state governments, and healthcare institutions. The platform is particularly valuable for large organizations looking to reduce the strain on healthcare resources by offering a scalable solution for health risk assessment and guidance. During the COVID-19 pandemic, Buoy Health has been instrumental in providing fast and accurate information, helping users assess their symptoms and decide on the next steps.
The business model of Buoy Health revolves around partnerships and custom implementations. The company collaborates with health plans, state governments, and healthcare providers to integrate its digital triage tool into their systems. Revenue is generated through these partnerships, which often involve custom implementations that can be set up within 72 hours of contract signing. Additionally, Buoy Health offers its services in multiple languages and updates its medical guidelines daily to reflect the latest information from the Centers for Disease Control and Prevention (CDC).
In summary, Buoy Health makes money by partnering with large organizations and providing them with a customizable digital health tool that helps manage population health and reduce healthcare costs. The company's focus on scalability, reliability, and up-to-date medical information has made it a trusted resource in the healthcare technology market.
Keywords: digital health, triage tool, self-screening, healthcare technology, partnerships, COVID-19 guidance, scalable solution, medical guidance, health plans, population health.