The Digi-health Index

The DIGIHLTH is a set of digital health companies that are publicly listed in the US. The index consists of 30 companies. There are 18 companies that are consumer focused and another 12 that address B2B. The index comprises of 11 companies that are platforms focused on preventative health and 19 that are building on curative health.

You can access the list of companies that comprise of the index here : https://www.chiratae.com/health-index/

The DIGIHLTH has been down 11% compared to NASDAQ and S&P which have been down -3/4%.

Impact of business model

While the growth rates of both the B2B and B2C companies have not been too different for the top companies, there is a huge difference between the revenue multiples. The B2B companies have been valued at 8.5X of revenue while the B2C companies are valued at 2.67 of revenue.

Impact of therapy

For all the discussion on preventative health, companies focused on curative health has grown faster, 50% compared to 14.5% demonstrated by the platforms focused on preventative health. The revenue multiples shown by the curative platforms are slightly higher 5X compared to 4.33X for the preventative platforms.

Endnote

It is interesting to note that there has been no digital health IPO last year. Intact, there are a bunch of listed digital health companies trading that? were noncompliant with listing standards, having traded at or below $1 for over 30 consecutive business days. These could face delisting in 2024.