Diya Health, a Silicon Valley-based healthcare technology firm, was founded in April 2018 by doctors and software engineers who believe in changing the healthcare paradigm for the better.
The founding team’s inspiration stemmed from a desire to help their own sick, elderly parents at their most vulnerable state; however, their parents lived more than 10,000 miles away. That challenging experience sparked a vision to:
1. Bridge the communication gap between doctors, patients, and families.
2. Prevent medical errors.
3. Reduce healthcare costs.
4. Put high-quality medical care within reach of all persons worldwide, rich or poor, in cities or remote villages.
Type of Organization
Startup - Newly established businesses, investable
Size of Organization
Organization Mailing Address
Oakland, CA 94611
Diya Health has created a platform that integrates personal health records with tools for patient engagement. It seamlessly plugs into any existing electronic health record system (EHR). In addition to bridging the gap between EHRs and patient-reported information, the platform has numerous other unique capabilities, including telehealth, tracking of COVID-19 symptoms, remote patient monitoring, medication safety alerts, and automatic capture of billable services.
Diya Health has created a platform comprising two interconnected applications: (1) a personal health record (PHR) for use by patients, families, and caregivers; and (2) a patient engagement platform (PEP) for use by providers. This integrated platform plugs directly into any existing electronic health record (EHR) system, enables patients to report health outcomes, and provides clinicians the most up-to-date information. In addition to bridging the gap between EHRs and patient-reported information, the platform has numerous other unique capabilities, including telehealth, tracking of COVID-19 symptoms, remote patient monitoring, medication safety alerts, and automatic capture of billable services.
Diya Health follows a business-to-business-to-consumer model, as follows: we plan to partner with an EHR company and negotiate sharing of revenue; this EHR company will serve various hospitals and health systems that, in turn, will use Diya Health's product through seamless integration with their existing EHR system; the hospital and health systems will serve thousands of patients with chronic conditions, the target end-users.
We see our business model as a co-investment opportunity for EHR companies and health systems. We also see our business model as another key differentiator of our product. Whereas EHR companies charge health systems for their software, and whereas PHR companies charge patients for their software, Diya Health is the only digital health company that enables both health systems and EHR companies to extend their reach to and collect from "willing to pay" patients.
Category of Innovation
Digital Health - A digital health solution is a technology-based solution whose user is caring for or providing care for themselves (think of a personal app) or another individual (such as a doctor using a tool to help their patient)
Intended End User
Patient - Individuals who receive health care
Provider - Individuals or organizations responsible for providing care to patients (e.g. doctors, nurses, hospital/clinic administrators, etc.)
Vendor - i.e. established company, non-startup
Problem (i.e. barrier, issue, complication, etc.) being solved for the end user
The U.S. healthcare system faces three major problems: (1) disjointed access to information because patient information is stored in disconnected locations that are not interoperable; (2) increasing financial burden of costs; and (3) poor health outcomes — the U.S. has the highest rate of chronic disease compared to that of other high-income countries.
Idea/solution to the problem, if applicable
Research suggests that personal health records (PHRs) and patient engagement platforms (PEPs) improve coordination of care, reduce costs, and improve outcomes. So, the ideal solution to the major problems mentioned above is an integrated PHR and PEP system that holds the entirety of a patient's health and social history, is accessible to providers as well as patients, and meets HIPAA requirements for security and privacy.
Diya Health has created that exact solution — a platform comprising two interconnected applications: (1) a PHR for use by patients, families, and caregivers; and (2) a PEP for use by providers.
Level of adoption (i.e. list of customers/users, testimonials, etc.), if applicable
Diya Health has no customers, and is currently in conversation with health systems to conduct a pilot study to validate the product’s effectiveness to its target customers. Diya Health aims to complete a pilot study, refine the product based on study results, then go to market.
Impact (i.e. measurable outcomes), if applicable
At this time, Diya Health's target customers are EHR companies that service hospitals and health systems. Through partnership with an EHR company, Diya Health will reach its target end-users: the 100.8 million U.S. adults with two or more chronic conditions, and their family and caregivers. We have found through research and conversations with healthcare executives that the patient/family unit is prepared to pay $10-50 per month for a health management tool. Assuming these patients will pay $10 per month for 12 months, Diya Health's total addressable market is $12.1 billion.
List of Funding Sources (if applicable)
Diya Health’s founder has self-invested $1 million into product and company development.
Has your company attested to any codes of conduct?