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iRhythm Technologies, Inc.

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iRhythm Technologies, Inc. - Healthcare showcase

Year Founded & Workforce

2006

748 Employees

Industry

Healthcare

Services

Ambulatory Cardiac Monitors
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iRhythm Technologies, Inc. Employee Contacts

19 verified contactsNames, job titles, seniority and locations

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iRhythm Technologies, Inc. Overview

Company Headquarters: California, US

Founded: 2006

Workforce: ~748

Company Working: iRhythm Technologies, Inc. (iRhythm Technologies) is a digital healthcare company. The company redefines the clinical diagnosis of cardiac arrhythmias by pairing its wearable biosensing technology with cloud-based data analytics. It focuses on first-line ambulatory electrocardiograms for patients at risk for arrhythmias with products and services such as Zio XT & Zio AT, which allows physicians to diagnose arrhythmias in less time as well as efficient compared to traditional technologies.

Strategy

iRhythm Technologies focuses on expanding in the market by targeting the large existing ambulatory cardiac monitoring market in the US. It also focuses on increasing third-party payor reimbursement. It is expanding its sales both in the US and internationally to support the company’s growth and strengthen the footprint in the digital healthcare market.

Company Snapshot

$64.1M

Revenue

748

Employees

2006

Founded

California, US

Headquarters

SWOT Analysis

Strengths

  • Sustainable development goals and strategic plans
  • Strong foothold in the local US market

Weaknesses

  • Weak product portfolio
  • Three consecutive years of operating loss

Opportunities

  • Market penetration in the existing ambulatory cardiac monitoring market in the US
  • Advancement in its digital offerings

Threats

  • Changing customer preferences

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Product Offering

  • iRhythm Technologies, Inc.
    • Ambulatory Cardiac Monitors

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 64.1 Mn in 2016 to USD 147.3 Mn in 2018.
iRhythm Technologies, Inc. — By Business Segment
Series (USD Mn)201620172018
Sales64.198.5147.3
R&D Expenditure7.213.320.8

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