NantHealth Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

NantHealth Strengths, Domain Expertise, and Key Differentiators

NantHealth, a member of the NantWorks ecosystem of companies, is a transformational healthcare IT company converging science and technology through a single integrated clinical platform. By converging molecular science, computer science, and big data technology the Nant Service-Oriented Operating System platform empowers physicians, patients, and payers to coordinate the best care, monitor outcomes, and control cost in real-time. Its product lineup includes payer/provider collaboration platforms like Eviti and NaviNet for real-time coverage decision support, along with data solutions such as Quadris for comprehensive multi-data analysis, reporting, and professional services. Additionally, its subsidiary, The OpenNMS Group, Inc., aids businesses in monitoring and managing network health and performance.

NantHealth Recent Developments

In February 2023, The OpenNMS released OpenNMS Meridian 2023 with New Cloud-enabled Capabilities. This update prioritizes innovation and growth, aiming to minimize intricate deployments and reduce time-consuming maintenance tasks.

In June 2022, The OpenNMS Group launched Horizon 30, the Latest Major Release of its Open Source Network Monitoring Solution, Featuring Enhanced Capabilities Designed for the Enterprise. Tailored for enterprise needs, Horizon 30 introduces enhanced features, notably augmenting NetFlow capabilities to offer superior performance and detailed analysis of network interactions.

In May 2021, NantHealth launched Eviti Connect for autoimmune diseases, aimed at helping payers and providers realize the quickest path to approving cost-effective, quality care for patients. Eviti Connect is a go-to resource in the oncology space and has helped providers find evidence-based care for more than 345,000 cancer patients while saving payers hundreds of millions of dollars. NantHealth expanded the use of its expertise, data, and resources to aid providers and payers in navigating the costs and treatment options of autoimmune diseases.

NantHealth Mergers and Acquisitions (M&A) Activities

In July 2020, NantHealth acquired OpenNMS Group, an open-source network management company. OpenNMS provides a highly reliable, scalable, and comprehensive fault, performance, and traffic monitoring solution that easily integrates with business applications and workflows to monitor and visualize everything in a network.

NantHealth Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying NantHealth applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of NantHealth and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified NantHealth Eviti Connect, NantHealth Eviti Adviser, NantHealth NaviNet Open, NantHealth NaviNet Allpayer Access customers.

NantHealth Key Enterprise and Cloud Applications

NantHealth Eviti Connect, NantHealth Eviti Adviser, NantHealth NaviNet Open, NantHealth NaviNet Allpayer Access

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NantHealth Direct vs Indirect sales

NantHealth Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified NantHealth Customers

No. of NantHealth Customers: x

No. of NantHealth Enterprise Applications Customers: x

No. of NantHealth Cloud Customers: x

No. of NantHealth Cloud Subscribers: 200000

NantHealtht has long-term customer relationships with the nation's largest health plans and a nationwide network of over 450,000 clinical and administrative professionals representing 60% of the nation's physicians.

NantHealth's customers include Wexford Health Sources, Atena, Amerihealth Mercy family, Berlin Medical Associates, Electronic E&B, Apex Cardiology.

NantHealth Market Opportunities, M&A and Geo Expansions

In March 2023, NantHealth, Inc. secured a new $22.5 million senior term loan to support its ongoing business operations and general corporate needs, financed by existing investors Highbridge Capital Management, LLC and Nant Capital, LLC. The investment allows NantHealth to sustain its momentum, invest in established solutions like NaviNet and Eviti, and pursue future growth initiatives, endorsed by a Special Committee of independent directors.

In July 2020, NantHealth acquired OpenNMS Group, an open-source network management company. OpenNMS provides a highly reliable, scalable, and comprehensive fault, performance, and traffic monitoring solution that easily integrates with business applications and workflows to monitor and visualize everything in a network.

The NaviNet acquisition scaled NantHealth's cloud-based platform of services to deliver interoperability, connectivity, real-time decision support, and a single sign-on operating system to over 450,000 active provider users and all-payer access to 450+ commercial and government plans nationally, covering almost 100 million lives and over 30 million monthly transactions. NaviNet Open serves as a nationwide scalable, real-time access point and secure web-based portal for patients and providers to receive breaking news about novel clinical agents and to access active cancer clinical trials locally.

NantHealth Risks and Challenges

In 2019, three customers collectively contributed over 30% of the company's revenue, highlighting a substantial dependency. Likewise, for the fiscal years ending December 31, 2022 and 2021, two and four customers, respectively, each accounted for more than 10% of the company's revenue. This underscores the criticality of nurturing strong customer relationships to ensure consistent business performance. Any potential loss of these major customers could significantly impact the company's operations.

NantHealth Ecosystem, Partners, Resellers and SI

In October 2021, NantHealth partnered with Care Continuity to enhance care logistics for complex conditions, focusing initially on cancer pathways through Eviti Connect and expanding to other high-risk diseases via NaviNet. In September 2021, NantHealth teamed up with Intraprise Health to offer HIPAA One's Security Risk Assessment software to healthcare providers using NaviNet. Additionally, in January 2021, NantHealth collaborated with Sesame to provide affordable direct-to-patient healthcare, aiming to educate providers on scaling practices and increasing revenue while reducing administrative costs.

NantHealth does mostly direct sales, but it also leverages strategic reseller arrangements and channel relationships.

In the United States NantHealth has entered into strategic resale arrangements with major partners, including EHR vendors (including Allscripts), in-hospital medical devices manufacturers, and health plans who resell the company's solutions to their customer base. Internationally, NantHealth has entered into resale arrangements with major telecommunications companies and systems integrators to accelerate its market adoption.

NantHealth Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: