Healthbox Review – What You Should Know
Healthbox is an American company that promises to advance technology and drive change for healthcare organizations. Here’s our review of what Healthbox does and how they work.
What is Healthbox?
Healthbox is an accelerator company that promises to drive actionable collaboration between the most serious entrepreneurs and organizations in health care.
By promoting this collaboration, Healthbox promises to drive growth for all types of healthcare companies.
Healthbox arose because it saw a problem: the company’s founders say that healthcare companies rarely collaborated with entrepreneurs as frequently or as effectively as companies in other industries – and they were missing out on potential growth because of this problem.
Of course, the healthcare industry has always been complicated. New startups often have trouble navigating their way through these complexities. Healthbox promises to provide an accelerator environment where startups can understand the complexities of healthcare and use them to their advantage.
Healthbox was launched in January 2012. The company has partnered with dozens of healthcare organizations. You can see their complete portfolio here: healthbox.com/portfolio
How Does Healthbox Work?
Healthbox offers two core products: Healthbox Studios and Healthbox Foundry. Here’s a brief overview of how each platform works:
Healthbox Studios
This is described as an “accelerator model designed to help the most serious startups in healthcare to rapidly pressure test and validate their businesses to scale.” First known as the Healthbox Accelerator, this model is designed to help the best healthcare companies scale up and reach their full growth potential. Some of the key features of this platform include:
-Bespoke one-on-one consulting sessions
-Structured programming designed to deliver deep industry expertise
-Curated access to a growing group of industry experts
-Exposure to a group of potential investors, including Healthbox
With Healthbox Studios, there’s no initial investment in exchange for equity in your healthcare company. It’s an 8 week program with bi-weekly modules. It also promises to expose your company to smart capital from a formal investor network.
Healthbox Foundry
The Foundry is a proprietary evaluation and commercialization process that helps large healthcare organizations identify and advance internal innovation. It drives the education, participation, and awareness of employees using a customized program. Some of its key features include:
-Identify and prioritize opportunities to commercialize products
-Harness the capabilities of employees to build a more sustainable culture of innovation
-Identify non-traditional revenue streams and cost savings opportunities
The Numbers Behind Healthbox
Healthbox has demonstrated some powerful results in its work since 2012. Here are some of the key numbers driving growth of the organization:
-200+ pilots, including organization-based pilots and customer relationships with providers, payers, and employers secured by Healthbox portfolio companies
-350+ experts, all of which are available to Healthbox portfolio companies to provide industry-specific expertise
-83% of Healthbox portfolio companies that have been out of the program for at least 6 months are “generating substantial revenue or have successfully closed funding”
-30 strategic industry organization partners that have been chosen to provide support, mentoring, and organizational support for members
-86 companies that have received direct investments from Healthbox
-12 accelerator programs the company has operated all over the world, including the United States, the UK, and Tel Aviv.
About Healthbox
Healthbox was launched in 2012 as a healthcare startup accelerator program. Healthbox’s parent company is Healthbox Global Partners, LLC.
Healthbox maintains its headquarters in Chicago but has locations all across the rest of the world, including Boston, London, Salt Lake City, and Florida.
The company was founded by Nina Nashif, who is also the current CEO. Nina’s About page describes how she has more than fifteen years of global business experience in more than ten countries around the world. You can learn more about the company’s team on healthbox.com.
You can get in touch with the company by emailing [email protected].
