HealthTech Alpha, a Galen Growth solution, is the global leading digital health intelligence and insights platform. An integral part of the HealthTech Alpha platform are the HealthTech Alpha digital health analytics that are calculated using unique and proprietary algorithms from the millions of data points captured by Galen Growth.
The indices and cumulative scores are designed to enable a quantified evaluation and comparison of digital health ventures by focusing solely on the capabilities and achievements of each, thus minimizing the risk of distraction by visible but not necessarily important factors.
Alpha Score
The Alpha Score is a 360° Venture Maturity assessment that aggregates four distinct and independent Alpha Indices
Momentum index
Assesses business model growth and ecosystem traction.
Money index
Quantifies financial health and investor quality.
Market index
Measures market relevance and competitive positioning.
Innovation index
Evaluates the venture’s ability to solve pain points and bring solutions to market.
Team Signal
The Team Score evaluates the strength and experience of the venture’s leadership team.
Partnership Signal
The Partnership Signal evaluates the breadth and depth of the venture’s partnership network.
Evidence Signal
The Evidence Signal is an indicator of the amount of evidence that a venture has accumulated to confirm the benefit of its solution to the target customer.
Venture Similarity Score
The Venture Similarity Score quantifies the closeness of one venture to another using cosine
similarity and Euclidean distance across key data points.
Venture Valuation
The Venture Valuation is a mark-to-market valuation estimate using primary investor data to
project future valuations based on funding velocity and ecosystem dynamics.
Venture Predictions
Galen Growth’s proprietary analytics are leveraged to forecast six-month trends across key
performance metrics, transforming historical data into actionable foresight.
Venture Health Check
A dynamic, forward-looking assessment that evaluates a venture’s trajectory based on shifts in its scores, indices, and signals over the past six months.
Funding Probability
Evaluates a venture’s likelihood of securing new investment within the next six months, using benchmarks on typical runway lengths and ticket sizes for its peer group.
Product Analytics
Product Score
A composite score assessing product maturity across five key indices (for mobile apps unless noted).
Accessibility Index: Ease of use across geographies and user types
Momentum Index: Adoption, updates, and longevity in-market
Privacy & Security Index: Data protection and compliance safeguards
Confidence Index: Review reliability and user trust
Evidence Index (all products): Clinical strength and regulatory backing
Product Similarity Score
Quantifies the similarity between products across the global ecosystem using Galen Growth’s proprietary algorithm.