🚀 Hinge Health’s Bold Leap: The Digital Therapy Pioneer Going Public
Big news in the digital health world: Hinge Health just filed for an IPO, becoming the first healthcare delivery startup in nearly three years to take the public route. 🔥
💡 This virtual physical therapy company is transforming how we treat musculoskeletal (MSK) conditions — using AI, wearables, and health coaching to bring therapy into people’s homes. 🧠🏠
📊 2024 Highlights:
- $390M in revenue (+33% YoY) 💰
- Net losses slashed from $108M to $11.9M
- 77% gross margin
- Serving 2,250+ clients including Lyft, Target, and GM 👥
- 532K+ members using their platform 🏃♂️
💥 With plans to expand into Medicare Advantage and fully insured health plans, Hinge is eyeing a bigger slice of the $70B U.S. physical therapy market.
This move could reignite interest in digital health IPOs and set the tone for startups like Omada Health and Sword Health to follow.
👉 Is this the start of a digital health comeback?
📖 To learn more, you can read the full article here:https://www.healthcaredive.com/news/hinge-health-files-ipo-virtual-physical-therapy-musculoskeletal-care/742214
