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HINGE HEALTH

Netfigo Verdict
on Hinge Health

The digital health company that actually works. Hinge Health has real clinical evidence — peer-reviewed studies showing it reduces surgeries by 69% and cuts opioid prescriptions. That's not marketing. That's measurable value. 1,700 employers and 18 million covered lives. Revenue past $500M. In a digital health landscape littered with failed wellness apps, Hinge Health stands out because it treats a specific, expensive problem (back and joint pain) with measurable results. The holy grail of health tech.

Founded

2015

HQ

San Francisco, CA

Total Raised

$1.1 billion

Founder

Daniel Perez & Gabriel Mecklenburg

Status

Private — valued at $6.2 billion (2021)

THE ORIGIN STORY

Daniel Perez suffered a back injury and was told he needed surgery. Instead, he did physical therapy and recovered.

He realized that millions of people get unnecessary surgeries for musculoskeletal pain because physical therapy is inconvenient, expensive, and hard to access. He built Hinge Health as a digital physical therapy platform — wearable motion sensors + app-guided exercises + virtual physical therapists.

WHAT THEY ACTUALLY DO

B2B2C — sells to employers and health plans who offer Hinge Health as a benefit to their employees/members. Per-member-per-month pricing to employers.

Revenue exceeded $500 million in 2024. Users get the app and wearable sensors for free through their employer.

THE PRODUCTS

Digital MSK Therapy (app-guided exercises with motion sensors), Virtual Physical Therapy, Hinge Health Wearable Sensors, Chronic Pain Program, Pelvic Health Program, Acute Care (post-surgery recovery).

HOW THEY GREW

Expanding from musculoskeletal care into broader chronic pain management. Also adding pelvic health, women's health, and preventive care.

Growing the employer client base — currently used by 1,700+ employers covering 18 million members. International expansion into UK and other markets.

THE HARD PART

Proving clinical outcomes at scale. Digital health companies face skepticism from insurers and employers who've been burned by wellness apps that don't actually improve health.

Hinge Health has to show — with real data — that their program reduces surgeries, opioid use, and healthcare costs. They've published peer-reviewed studies showing 69% reduction in surgery intent.

WHO BACKED THEM

Tiger Global, Coatue Management, Bessemer Venture Partners, Atomico, Insight Partners

Head-to-Head

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