--- title: 'Hinge Health — company profile' canonical: 'https://feeny.ai/companies/hinge-health' type: 'company' updated: '2026-07-02' --- # Hinge Health > Virtual physical therapy and musculoskeletal care that pairs licensed clinicians with 3D motion tracking and an FDA-cleared pain-relief wearable. - **Website:** https://www.hingehealth.com/ - **Type:** Public (NYSE: HNGE) - **Headquarters:** San Francisco, California - **Founded:** 2014 - **Founders:** Daniel Perez, Gabriel Mecklenburg - **Total raised:** $1.46B - **Latest round:** IPO (NYSE: HNGE) - $437M - May 2025 - **Investors:** Tiger Global Management, Coatue, Alkeon Capital, Whale Rock Capital Management - **Business model:** B2B value-based contracts with employers, health plans, and PBMs; outcome-tied pricing rather than per-visit billing. - **Industries:** Healthcare IT - **Open roles:** 80 - **Profile:** https://feeny.ai/companies/hinge-health ## What they do Hinge Health runs a digital clinic for muscle, joint, and pelvic pain. Members get a personalized exercise-therapy program plus a care team of physical therapists, health coaches, and orthopedic specialists, guided by computer-vision motion tracking and an FDA-cleared wearable. It sells to employers, health plans, and PBMs, who make the care available to members at no cost. ## Overview **The MSK startup that took its bet public** Two founders who spent a year each rehabbing broken bones and a torn ACL walked away with the same conclusion: physical therapy is broken, and most people never finish it. Hinge Health is their answer, a virtual clinic for muscle and joint pain that pairs licensed clinicians with 3D motion tracking and an FDA-cleared nerve-stimulation wearable. Daniel Perez and Gabriel Mecklenburg started the company in 2014 and rang the NYSE bell in May 2025 under the ticker HNGE. Revenue hit $587.9M in 2025, up roughly 50 percent, and the company guided 2026 to north of $818M. It is one of the few digital-health names to reach the public market and actually post operating income. ## What They Do **A digital clinic for muscle and joint pain** Hinge Health treats musculoskeletal conditions, the back, knee, shoulder, and pelvic pain that affects more than 1.7 billion people worldwide, without making anyone drive to a clinic three times a week. Members get a personalized exercise-therapy program plus a care team of a physical therapist, health coach, orthopedic specialist, and an AI care assistant. The hook is TrueMotion, computer vision that turns an ordinary phone camera into a motion lab and gives real-time feedback while a member does their exercises. The stated goals are blunt: move beyond pain, avoid unnecessary surgery, and cut opioid use. ## Problems **Why MSK care leaks money and patients drop out** Musculoskeletal care is one of the biggest line items in any employer's health spend, and traditional PT loses people fast because it is inconvenient, expensive, and easy to quit. The default path too often runs toward imaging, injections, and surgery that a good exercise program could have avoided. Hinge Health's pitch is that a digital-first program members can do at home keeps them engaged, catches the ones headed for a costly procedure earlier, and gives employers a claims-based return they can actually measure. ### Problems addressed - Traditional physical therapy is inconvenient and expensive, so members quit before they recover - Musculoskeletal conditions are a top driver of employer health costs - Patients too often default to imaging, injections, and surgery that exercise therapy could avoid - Unmanaged pain drives opioid use and lost productivity ## Who It's For **Sold to benefits leaders, delivered to their people** The buyer is B2B: self-insured employers, health plans, and pharmacy benefit managers who carry the cost of their members' MSK claims. The company says it is available to more than 20 million people across 2,550-plus employers, and reports client agreements with a large share of the Fortune 100. The end user is the member in pain, but nobody swipes a credit card. Coverage flows through the employer or health plan, so the person doing knee exercises on their phone usually pays nothing out of pocket. ### Ideal customer profiles - **HR and benefits leaders** — Rising MSK claims costs; Need measurable, claims-based ROI on wellness spend; Low engagement with existing benefits - **Health plan and PBM partners** — Managing MSK spend across large member populations; Frictionless contracting and implementation - **Members in pain** — Inconvenient in-person PT; Wanting to avoid unnecessary surgery and opioids; Needing guided, personalized exercise at home ## Products **Exercise therapy, a wearable, and a phone that watches you move** The core product is virtual exercise therapy with a human care team, but the parts that are hard to copy are the technology pieces around it. TrueMotion reads movement through a phone camera, and Enso is an FDA-cleared wearable that uses patented electrical waveforms for drug-free pain relief, exclusive to Hinge Health. HingeSelect is the newer, more ambitious layer: an integrated care pathway that runs from digital PT to specialist visits, imaging, non-surgical procedures, and surgery itself, at rates the company says land 30 to 50 percent below commercial. ## Business Model **Value-based contracts, paid for by employers and plans** Hinge Health makes money through B2B contracts with employers, health plans, and PBMs, not by charging the patient. It leans on value-based pricing tied to outcomes and points to an independently validated 3.0x hard-dollar ROI as the reason a benefits leader signs. Distribution is the quiet advantage. The company says it contracts through all five national health plans and three of three PBMs, with about 90 percent of implementation handled by partners, which makes it sticky and hard to rip out once it is embedded in a plan. ### Plans Hinge Health does not publish list prices. It sells value-based, outcome-tied contracts to self-insured employers, health plans, and PBMs, with pricing negotiated per client and members typically paying nothing out of pocket. The company points to a 3.0x hard-dollar ROI and frictionless contracting through national health plans and PBMs as the commercial pitch. Good to know: No public list pricing; enterprise contracts quoted via a business demo request; Value-based pricing tied to validated outcomes and claims-based ROI; Contracts available through all five national health plans and three of three PBMs; HingeSelect in-person network rates run 30-50% below commercial (company analysis, incl. a 20% admin fee) ## Competition **The two-horse race in digital MSK** The name that comes up in every comparison is Sword Health, the other well-funded digital MSK player, and the two spend real energy publishing head-to-head ROI arguments against each other. Around them sit a longer tail of digital PT and chronic-pain apps. Hinge Health's edge is less any single feature than the whole stack: the Enso wearable it owns outright, computer-vision motion tracking, and deep contractual wiring into national health plans and PBMs that raises the cost of switching. ### Their edge - **Owned FDA-cleared hardware** — The Enso wearable is proprietary and exclusive, not a bolted-on third-party device. - **Motion tracking on any phone** — TrueMotion computer vision turns a standard phone camera into a 3D motion lab, no extra hardware required. - **Distribution moat** — Contracts through all five national health plans and three of three PBMs make the product sticky and hard to displace. - **Validated ROI** — A 3.0x hard-dollar return validated against a commercial claims database, not just self-reported. ### Where they're betting - Expanding beyond MSK into migraine care - Adding surgery and the full care journey via HingeSelect - AI-first care model and engineering workflow ## Proof **The numbers Hinge Health puts on the table** The headline claim is a 3.0x hard-dollar ROI, validated against a commercial claims database rather than asserted in a brochure. On top of that sit the distribution proof points: contracts through all five national health plans, availability to more than 20 million people, and 2,550-plus employer clients. HingeSelect's in-person network rates run 30 to 50 percent below commercial, per the company's own analysis of negotiated provider rates plus a 20 percent admin fee. Treat the savings figures as the company's framing, but the reach and the public financials are independently verifiable. ## What People Say **Loved benefits, mixed feelings on management** Members and customers tend to like the product, and the recurring employee praise is consistent: genuinely strong benefits, a mission people believe in, and smart, low-ego colleagues. Glassdoor sits around 3.7 out of 5. The criticism clusters too, and it is worth taking seriously. Reviewers point to ego-driven management and uneven leadership decisions, thin room for career growth, and recent friction from aggressive return-to-office rules, layoffs, and offshoring. The 3-days-a-week office requirement shows up in the complaints and in the job postings alike. ## Funding **$1.46B raised, then a $437M IPO** Before going public, Hinge Health raised about $1.46B from crossover and growth investors including Tiger Global, Coatue, Alkeon Capital, and Whale Rock. The private valuation ran hot during the 2021 boom. The real inflection was the May 2025 IPO, which priced at $32 a share and raised roughly $437M, with the stock jumping on its first day to imply a market cap near $3B. It was the digital-health listing that reopened a window most people assumed was shut. ## Team & Culture **AI-forward engineering, three days in the office** Engineering here has gone visibly AI-first. Job posts expect hands-on use of tools like Cursor and Claude Code to speed up development, and the R&D team openly talks about a workflow where agents draft code and humans review the reasoning. The leadership principles read as a founder's operating manual: learn-it-all, hustle, accountability, lead at all levels, effective communication. The catch is the location math. Most roles are hybrid at three days a week in San Francisco, Montreal, or Bangalore, and the return-to-office push is one of the sharper points in employee reviews. ## Compensation **Broad engineering bands, equity through an ESPP** Pay is disclosed across a healthy chunk of roles and skews competitive for the space, with US engineering bands running from roughly $126K to $377K depending on level. Product, design, marketing, and operations bands are narrower but still land in six figures. Most US roles add equity through an employee stock purchase plan with payroll deductions, plus a traditional or Roth 401(k) with a 2 percent match. Canada gets a Group RRSP with a 2 percent match instead. The numbers below are base salary only; the stock and match are the rest of the package. ## Security & Legal **A HIPAA business built around a clinical entity** The corporate entity is Hinge Health, Inc., registered at 455 Market Street, Suite 700, San Francisco. Clinical care runs through a separate structure, Hinge Health MSO, Inc., which manages a national network of licensed providers, so the tech company itself does not practice medicine. Protected health information falls under HIPAA and a separate Notice of Privacy Practices rather than the general privacy policy. The company honors Global Privacy Control opt-out signals and lets members opt out of data sales and targeted advertising, though it does disclose some data to advertising partners by default. ## In the News **A public company on an expansion run** The news flow since the IPO reads like a company pressing its advantage: record Q1 2026 results, a raised full-year outlook, its first Investor Day, and a steady march into new conditions beyond back-and-joint pain. The expansion is the story to watch. Hinge Health added surgery to HingeSelect to close the loop on the MSK journey and launched a migraine care program built around the Enso wearable, a test of whether the model travels beyond musculoskeletal care. ### Coverage - [Hinge Health reports record first quarter 2026 financial results](https://www.hingehealth.com/resources/press-releases/hinge-health-reports-record-first-quarter-2026-financial-results/) — Hinge Health Newsroom (2026-05-05) - [Hinge Health lifts 2026 outlook after strong Q1 as it expands to new conditions](https://www.fiercehealthcare.com/digital-health/hinge-health-lifts-2026-outlook-after-strong-q1-expansion-new-conditions) — Fierce Healthcare (2026-05-06) - [Hinge Health hosts its first Investor Day and raises guidance](https://www.hingehealth.com/resources/press-releases/hinge-health-hosts-its-first-investor-day-and-raises-guidance/) — Hinge Health Newsroom (2026-06-09) - [Hinge Health adds surgery to HingeSelect, delivering a fully integrated musculoskeletal care platform](https://www.hingehealth.com/resources/press-releases/hinge-health-adds-surgery-to-hingeselect-delivering-a-fully-integrated-musculoskeletal-care-platform/) — Hinge Health Newsroom (2026-06-09) - [Daniel Perez, Hinge Health CEO: A Fortt Knox Update (Migraine Care launch)](https://www.cnbc.com/video/2026/04/29/daniel-perez-hinge-health-ceo-a-fortt-knox-update.html) — CNBC (2026-04-29) - [Hinge Health shares jump 17% in stock market debut, setting the stage for digital health IPO revival](https://www.fiercehealthcare.com/health-tech/hinge-health-shares-jump-17-stock-market-setting-stage-digital-health-ipo-revival) — Fierce Healthcare (2025-05-22) - [TrueMotion: turning a phone camera into a 3D motion lab](https://www.hingehealth.com/resources/articles/truemotion-turning-a-phone-camera-into-a-3d-motion-lab/) — Hinge Health (2025-11-10) ## Outlook **Prove the growth story holds past MSK** Hinge Health cleared the bar most digital-health companies never reach: a public listing plus real operating income and 40-plus percent growth. The near-term question is durability, whether it can keep compounding as the easy MSK land-grab matures. The expansion into migraine and surgery is the bet that the platform is bigger than one condition. Against Sword and a skeptical market that remembers the last digital-health hype cycle, the numbers have to keep doing the talking. ## Company details - **Mission:** To build a new healthcare system centered on the individual, making high-quality musculoskeletal care accessible to everyone. - **Products:** Virtual Physical Therapy, TrueMotion, Enso, AI Care Assistant, Pelvic Floor Therapy, HingeSelect - **Notable customers:** Salesforce, Verizon, US Foods, Land O'Lakes, L.L. Bean, Southern Company, State of New Jersey - **Customer segments:** Self-insured employers, Health plans, Pharmacy benefit managers (PBMs), Public-sector employers and unions - **Buyers / users:** HR and benefits leaders, Total rewards / compensation & benefits teams, Health plan and PBM partners, Benefits consultants and brokers - **Competitors:** Sword Health, Sworkit, Lin Health, SimplMobility - **What sets them apart:** FDA-cleared Enso wearable, owned and exclusive to Hinge Health; TrueMotion computer-vision motion tracking on a standard phone camera; Independently validated 3.0x hard-dollar ROI; Deep contractual integration with national health plans and PBMs, raising switching costs; End-to-end MSK pathway from digital PT through surgery via HingeSelect - **Tech stack:** Enso (FDA-cleared TENS wearable), TrueMotion computer vision, 3D motion tracking, AI care assistant - **Integrations:** National health plans, Pharmacy benefit managers (PBMs), Salesforce ## Open roles (80) - [Senior Talent Partner, Engineering](https://jobs.ashbyhq.com/hinge-health/e1b42125-86bf-4a11-98a7-11152d4073bb) — San Francisco, CA - [Sr. Quality Engineer](https://jobs.ashbyhq.com/hinge-health/96dbc789-0ea8-4c66-b70e-8ef21af7b55c) — Montreal, Canada - [Director, Product Management](https://jobs.ashbyhq.com/hinge-health/da88f56f-43b1-493c-b582-5903ec5a8510) — San Francisco, CA - [Senior AI Developer](https://jobs.ashbyhq.com/hinge-health/b0583044-fe9f-4e3a-bdca-1a8cf53960d5) — Montreal, Canada - [Staff Software Engineer, Home Pod (React Native)](https://jobs.ashbyhq.com/hinge-health/f7e949d1-fe6b-4357-bf1c-52cfe0f5f790) — San Francisco, CA - [Sr. Lead Visual Designer](https://jobs.ashbyhq.com/hinge-health/71e04d56-edc4-479e-98ce-606d6665dea4) — San Francisco, CA - [Senior Visual Designer](https://jobs.ashbyhq.com/hinge-health/7051a720-1e8b-4b13-876d-4921208ad178) — San Francisco, CA - [Senior Talent Partner, Growth & Creative](https://jobs.ashbyhq.com/hinge-health/6279f656-53f1-4b04-aa06-01b1c96b45e9) — San Francisco, CA - [Lead Talent Partner, Technical Recruiting](https://jobs.ashbyhq.com/hinge-health/b9b9e72e-4cbc-48ae-a8fd-3e41a0c85260) — San Francisco, CA - [Client Consultant](https://jobs.ashbyhq.com/hinge-health/55852fe4-39ba-4b4b-b177-2c207dd7f452) — San Francisco, CA - [BDR Team Lead](https://jobs.ashbyhq.com/hinge-health/49512b81-8c12-436d-979e-6c502e6a2c5d) — Remote - [Project Manager, Growth Marketing Operations](https://jobs.ashbyhq.com/hinge-health/a2583315-2f5d-4f69-a96a-87c362d54c1d) — San Francisco, CA - [Engineering Manager, New Vertical](https://jobs.ashbyhq.com/hinge-health/e0de33ff-57df-440f-80f3-d0f3557e3bcc) — San Francisco, CA - [Senior BDR / Sales Support Hybrid](https://jobs.ashbyhq.com/hinge-health/ed293d1d-aea5-4fb2-9b4b-1ea59e7d037b) — Remote - [Staff Software Engineer, Growth](https://jobs.ashbyhq.com/hinge-health/fa22327c-9984-4ea5-9994-fd2459dec8e1) — San Francisco, CA - [Sr. Product Manager, Enterprise AI](https://jobs.ashbyhq.com/hinge-health/52fe3126-23ad-418b-8d40-e0cad5ab7d91) — San Francisco, CA - [Quality Assurance Associate Manager, Growth Marketing Operations](https://jobs.ashbyhq.com/hinge-health/a7b88af8-ea6a-4a54-b5cf-4bd35205ab99) — San Francisco, CA - [Client Integration Associate](https://jobs.ashbyhq.com/hinge-health/2a7e28e3-3898-4386-98a4-b1a95982ced4) — San Francisco, CA - [Associate Product Manager](https://jobs.ashbyhq.com/hinge-health/d80215ba-73a7-4814-9801-177961ae0250) — San Francisco, CA - [Sr. Staff Engineer](https://jobs.ashbyhq.com/hinge-health/369dbd5f-0a12-4d57-9e96-8e1f38ba9ea2) — San Francisco, CA - [Integrated Marketing Manager](https://jobs.ashbyhq.com/hinge-health/85180302-29bd-471b-8691-c23930caa1a9) — San Francisco, CA - [Senior Associate, Product Marketing](https://jobs.ashbyhq.com/hinge-health/759829ac-b2cb-41df-bcde-f6be24c826c5) — San Francisco, CA - [Staff Software Engineer, Proactive Communications](https://jobs.ashbyhq.com/hinge-health/4fba45fc-b27f-4ac8-9eac-2b8ac66c0a58) — San Francisco, CA - [Senior Health Services Manager (Enablement)](https://jobs.ashbyhq.com/hinge-health/36c92155-ba1d-4406-aa67-69ea8196c115) — Remote - [Firmware Engineer II](https://jobs.ashbyhq.com/hinge-health/12ec2655-34d6-4990-a148-4504b91b7796) — San Francisco, CA - [Staff Regulatory Affairs Engineer](https://jobs.ashbyhq.com/hinge-health/45e3a1d2-e640-4545-b9d2-c9b337fb228d) — San Francisco, CA - [Senior Product Manager, Consumer Products](https://jobs.ashbyhq.com/hinge-health/4ab249ef-1559-4de9-a4c2-a2e4a8aa8d1e) — San Francisco, CA - [Senior Software Engineer-Backend](https://jobs.ashbyhq.com/hinge-health/8390aad0-ade1-4875-92d1-28a7ff4676a1) — Bengaluru, India - [Hardware Operations Manager](https://jobs.ashbyhq.com/hinge-health/7f2e488b-835b-49ea-bf8d-ddd2fbbece99) — San Francisco, CA - [Senior Product Designer, Member Experience](https://jobs.ashbyhq.com/hinge-health/1c19b0d4-b2d5-4734-8b09-dab035e862f0) — San Francisco, CA - [Administrative Assistant](https://jobs.ashbyhq.com/hinge-health/d3a9efc8-d53c-4441-ae69-ce6897ed29e3) — San Francisco, CA - [Sr. Product Designer, New Programs](https://jobs.ashbyhq.com/hinge-health/b7e7a706-2ac2-4ad1-adec-5c8550e2d01e) — San Francisco, CA - [Staff Software Engineer, Hinge Select](https://jobs.ashbyhq.com/hinge-health/8c81f0c5-a2e8-43ba-8347-34c6302c1c3a) — San Francisco, CA - [Engineering Manager, Enrollment](https://jobs.ashbyhq.com/hinge-health/df2f2522-4012-48a3-bfd4-4be5e08b7a88) — San Francisco, CA - [Business Systems Analyst](https://jobs.ashbyhq.com/hinge-health/7a44a564-be4c-4b59-bc5f-fc40b52cfe03) — San Francisco, CA - [Senior Heath Economist](https://jobs.ashbyhq.com/hinge-health/59ad158d-b439-4fdf-8296-70d5b3a5e9c5) — San Francisco, CA - [Staff Product Designer, Design Systems](https://jobs.ashbyhq.com/hinge-health/ebb10992-73df-4efb-85b1-979aba7f046d) — San Francisco, CA - [Product Manager, New Programs](https://jobs.ashbyhq.com/hinge-health/79daa9a6-0e6b-4a70-9560-b62249dc542a) — San Francisco, CA - [Senior Motion Designer](https://jobs.ashbyhq.com/hinge-health/50c57794-8501-4f38-b9aa-bf89bfa83246) — San Francisco, CA - [Staff Software Engineer, Brain Health, AI](https://jobs.ashbyhq.com/hinge-health/da6da560-9790-45a5-b805-a780c2aba505) — San Francisco, CA - [CSM Mid Market](https://jobs.ashbyhq.com/hinge-health/19ec8378-bc52-492b-acb6-58894600bea1) — Remote - [Senior Associate, Email Marketing](https://jobs.ashbyhq.com/hinge-health/ed38858d-d8cc-46a5-ab4e-d29f73fa0aa3) — San Francisco, CA - [Demand Generation Manager](https://jobs.ashbyhq.com/hinge-health/367bdffe-1b2c-4ea5-8a77-9136fefa0469) — San Francisco, CA - [Health Economist](https://jobs.ashbyhq.com/hinge-health/2c5c58a9-5176-4ca7-b6bc-a832a375ea2f) — San Francisco, CA - [Staff Software Engineer, Device Software](https://jobs.ashbyhq.com/hinge-health/0e548ae6-1aa8-434b-88a4-dcb079ea469d) — San Francisco, CA - [Senior Software Engineer - Search](https://jobs.ashbyhq.com/hinge-health/9fa0966d-ea95-4948-bc28-c8511944b320) — San Francisco, CA - [Lead Creative Program Manager](https://jobs.ashbyhq.com/hinge-health/c9c6716f-1f34-47b5-8986-efeea2b2be61) — San Francisco, CA - [Data Engineering Manager, Data & ML Platform](https://jobs.ashbyhq.com/hinge-health/eb9bdede-53fc-4a23-8227-9a740434c6ee) — San Francisco, CA - [Senior Talent Partner, Product Management](https://jobs.ashbyhq.com/hinge-health/87e17202-e99b-4dd6-a0e9-8de5f810b7cc) — San Francisco, CA - [Senior Engineering Manager, Device Software](https://jobs.ashbyhq.com/hinge-health/0a3e6ed7-eff2-4bd1-abcc-616c184aab19) — San Francisco, CA _…and 30 more at https://feeny.ai/companies/hinge-health/jobs_ --- _Source: https://feeny.ai/companies/hinge-health · profile updated 2026-07-02_