Validic

Validic is a digital health company founded in 2010 by Drew Schiller and Ryan Beckland, headquartered in Durham, North Carolina. The founders recognized that a vast amount of personal health data was being generated by consumer devices and apps but remained inaccessible to healthcare providers. Schiller's prior experience includes running a web development firm and a dietary nutrition website, while both founders were motivated by a desire to help people in their Midwest communities live healthier lives. This led to the creation of a platform designed to bridge the gap between patient-generated data and clinical care.

The company operates a Health IoT platform that integrates patient-generated health data from over 570 in-home clinical devices, wearables, and wellness applications directly into healthcare systems. This cloud-based platform connects to devices from major brands like Apple Health, Fitbit, Garmin, Omron, and Dexcom, capturing metrics such as blood pressure, glucose levels, weight, and activity. The data is standardized, HIPAA-compliant, and streamed in near real-time into a provider's existing Electronic Health Record (EHR) systems, such as Epic and Oracle Cerner, through a single API connection. This integration allows clinicians to access remote patient data within their established workflows, saving time and eliminating the need for separate applications. Recently, Validic introduced "Sparks," a generative AI feature that analyzes this data to provide clinicians with concise summaries and highlight significant health trends.

Validic's business model targets healthcare providers, health plans, value-based care organizations, and pharmaceutical companies. By providing a scalable infrastructure for remote patient monitoring (RPM) and chronic care management, the company helps these organizations improve patient outcomes, enhance engagement, and increase operational efficiency. For example, their programs have demonstrated a 1.2-point A1C reduction in diabetes patients and a 12% drop in systolic blood pressure for hypertension patients. The company generates revenue through its configurable solutions, allowing clients to pay for the specific services they need. To support its clients, Validic also offers services like device logistics, kitting, and patient-facing technical support. The firm has raised a total of $31.6 million over eight funding rounds, with notable investors including Kaiser Permanente Ventures, Greycroft, SJF Ventures, and angel investor Mark Cuban.

Keywords: remote patient monitoring, digital health data, patient-generated health data, Health IoT, EHR integration, healthcare data platform, chronic condition management, healthcare API, wearable data integration, value-based care solutions, clinical workflow integration, personal health data, remote care, health data analytics, digital therapeutics, connected health devices, mHealth, healthcare technology, RPM platform, generative AI in healthcare, patient engagement solutions, telehealth infrastructure