The Livongo’s IPO event happened only a few weeks ago. By the end of their trading debut, that left the company valued at about 3.4 billion dollars, Livongo has proved two things, first that it is possible to empower people for living healthier by focusing completely on their entire being and second that the combination of the solutions that are driven by technology with a humanly touch proves to be a successful model of business in healthcare.
Using technology for helping people in effectively managing conditions of chronic health such as diabetes, Livongo has proved that their model of business is effective in improving the consumer health, and is less costly for the people, and hence is also attractive for investors, particularly because the model can expand into diverse markets and scales throughout the world. Unlike most of the traditional health care companies, Livongo is helping people to use less-intrusive technology and instead go for an easily accessible network of professional support for changing and maintaining a behavior which leads to healthier lives.
While this has not been the model of business in the past, it seems that the health care is headed this way. Livongo isn’t the only company having a model like this. Another famous startup which has a similar model is Noom, and many more are continuing to enter the market. Livongo’s IPO is not just an exciting success story but it plays a role of catalyst for the upcoming wave of digital healthcare.