CNBC Names Audax Health as one of Five Healthcare Companies with the Greatest Potential to Disrupt the Industry
Audax Health Honored on CNBC’s ‘Disruptor 50’ List
<0> Audax HealthKatherine Kennedy, 202-344-5240 </0>
D.C.-based was recognized today on the inaugural list of the top 50 private, venture-backed companies, “disrupting the status quo in ten traditional industries.” CNBC sought out privately-owned companies in traditional industries ranging from energy and manufacturing to retail and financial services, and has identified Audax Health as one of five transformative companies to watch in healthcare. ZocDoc, 23andMe, Ginger.io and Castlight Health were also featured in the category.
After receiving hundreds of nominations from VCs, industry analysts, and CNBC reporters, the Disruptors list was narrowed down to 50 companies. Companies were selected based on their ability “to displace the established incumbents in its own industry” and potential to turn traditional sectors “upside down”. Heavy hitters , , , , and are among the companies recognized in their respective industries.
“At Audax Health, we understand that disruption is when a product forces an industry to redefine itself – dissolving barriers, increasing access and embracing simplicity – and we are constantly aspiring to be that solution for healthcare. It’s truly humbling to be recognized not only for our efforts, but for our potential,” commented Grant Verstandig, Audax Health’s 24-year-old CEO.
Audax Health’s core mission is to empower consumers to become more engaged in managing their health by applying the power of technology and social media through its flagship digital health product, . In addition, the company partners with healthcare insurers and providers – such as Cigna and ValueOptions – to increase patient engagement, drive more effective wellness programs and lower long-term healthcare costs.
With over 90 employees between its San Francisco and D.C. offices, Audax Health has raised a total of $33 million in funding to date from corporate partners, including Cigna and Cardinal Health among others, and is venture backed by New Leaf Ventures. Ongoing leadership counsel and significant funding investments have also been made by Audax Health’s board members including: Roger Ferguson, current CEO of TIAA CREF; Jack Rowe, former chairman and CEO of Aetna; and John Sculley, former CEO of Apple and President of PepsiCo.
Founded in 2010, Audax Health believes that consumers can and should be active participants in managing their own health. Audax Health creates a personalized lifestyle plan for consumers, allowing users to connect and compete with others like them, track progress towards goals, and earn rewards with the objective of generating healthier lifestyles and preventing future illness. For more information, please visit .