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 best care, monitor outcomes and control cost in real time.
This is the first operating system of its kind in healthcare that is based on supply chain principles and grid service-oriented architecture and integrates the knowledge base with the delivery system and the payment system. On the other hand, NaviNet is America's leading Healthcare Collaboration Network.
NantHealth Recent Developments
NantHealth, together with NantOmics in January 2020, launched an artificial intelligence platform for aiding pathologists in image-based lung cancer subtyping. This novel machine vision software platform accurately subtypes lung cancer pathology and achieves high concordance with analysis performed by trained medical pathologists.
In June 2018, NantHealth launched two new products, Provider Initiated Document Exchange and Authorization Appeals on the nation's leading payer-provider collaboration platform and NaviNet Open. The exchange of information between health plans and providers is a slow, manual, and tedious process that still relies on paperwork sent via fax and mail.
NaviNet Open Document Exchange automates the exchange of administrative and clinical information in real-time between health plans and providers. This allows health plans to send documents to provider offices and request a response if desired. This facilitates a wide range of use cases, such as sharing risk adjustment information, quality measurement data, performance reports, and closing care gaps workflows that have a major impact on a health plan's business.
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 Overview
Ownership: - NASDAQ:NH
Number of Employees: 398
Functional Markets: ERP Services and Operations Management,
Key Verticals: Healthcare,
NantHealth Key Enterprise and Cloud Applications
NantHealth Eviti Connect, NantHealth Eviti Adviser, NantHealth NaviNet Open, NantHealth NaviNet Allpayer Access
NantHealth Revenues, $M:
| Type/Year | 2018 | 2019 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
NantHealth Revenue Breakdown By Type, $M:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
NantHealth Enterprise Applications Revenues By Functional Markets, $M:
NantHealth Enterprise Applications Revenues By Verticals, $M:
NantHealth Revenues By Region, $M
| Region | % of Total Revenues | 2019 Total Revenues, $M | 2019 Enterprise Applications Revenues, $M | 2019 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
NantHealth Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
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: x
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.
In 2019, NantHealth signed a contract with Wexford Health Sources, one of the nation’s largest correctional healthcare companies. NantHealth's other customers include: Atena, Amerihealth Mercy family, Berlin Medical Associates, Electronic E&B, Apex Cardiology.
NantHealth Market Opportunities, M&A and Geo Expansions
In July 2020, NantHealth acquired OpenNMS Group, a 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
NantHealth's revenue is dependent on several customers. In 2019, more than 30% od the company's revenue was accounted from three customers. The loss of one such customer can lergely effect the company's business.
NantHealth is an early commercial-stage company with a business model based upon a novel approach to healthcare.
NantHealth solutions are designed to address many of the key challenges healthcare constituents face by enabling them to acquire and store genomic and proteomic data, combine diagnostic inputs with phenotypic and cost data, analyze data sets, securely deliver that data to providers in a clinical setting to aid selection of the appropriate treatments, monitor patient biometric data and progression on a real-time basis, and demonstrate improved patient outcomes and costs.
Integration across their systems infrastructure and platforms may take longer than they expect, or may never occur at all.
NantHealth Ecosystem, Partners, Resellers and SI
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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- NantHealth Public Cloud and Infrastructure (IaaS)
- NantHealth Platform (PaaS)
- NantHealth Application Delivery
- NantHealth Private Cloud and Data Centers
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:
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