Formelio

Digital Healthcare Softwareformelio.nl

Formelio is a The Hague-based B2B software agency designing digital healthcare products for the Dutch market, including the PGO Ivido personal health app, HINQ ZNO practitioner collaboration platform, and underlying MedMij-aligned data-exchange infrastructure for citizens, practitioners, and healthcare organizations.

Company typePrivate
Founded-
HeadquartersThe Hague, Netherlands
Headcount11–50
GTM typeB2B
OfferingSoftware

What Formelio does

Formelio is a Netherlands-based B2B software agency headquartered in The Hague that designs and builds digital healthcare products for the Dutch market. The company develops three core offerings built around national MedMij healthcare data-exchange standards: PGO Ivido, a Personal Healthcare Environment (PGO) app that enables Dutch citizens to securely manage their health journeys and retrieve data directly from care providers; HINQ ZNO, a Practitioner Collaboration Environment with dashboards covering medication management, birthcare, advance care planning, and Hospital-at-Home contexts; and the HINQ Data-exchange Infrastructure, which provides underlying interoperability via Decentralized Healthcare Applications (DVAs) for practitioner-to-citizen traffic and the HINQ Interoperability platform for practitioner-to-practitioner traffic.

The company's revenue model is a custom software development / professional services agency approach, supplemented by direct distribution of its proprietary Ivido and HINQ product platforms. Formelio operates a sales-led go-to-market motion targeting three stakeholder groups: Dutch citizens (consumer segment served via the Ivido PGO app), healthcare practitioners across domains (served via HINQ ZNO), and healthcare organizations requiring standardized data-exchange infrastructure. Distribution is domestic, direct-to-enterprise and direct-to-consumer, with no disclosed pricing. The company employs approximately 30 professionals from over 15 countries, including software engineers, designers, product owners, project managers, customer support, and healthcare domain specialists, with senior leadership covering a Managing Director, Managing Operating Officer, and Managing Product Officer.

Formelio firmographics

Firmographics

Name: Formelio
Legal name: Formelio
Website: https://formelio.nl
Company type: Private
Operating status: Operating
Headcount range: 11–50 employees
Short description: Formelio is a The Hague-based B2B software agency designing digital healthcare products for the Dutch market, including the PGO Ivido personal health app, HINQ ZNO practitioner collaboration platform, and underlying MedMij-aligned data-exchange infrastructure for citizens, practitioners, and healthcare organizations.
Ownership category
akta.pro rank

Formelio industry classification

Industry

Product category: Digital Healthcare Software
NAICS: Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
SIC: Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)
akta.pro primary industry: Care Management & Population Health Program Administration (HLAEALAG)

Keywords

Digital healthcare products
Healthcare interoperability software
Personal health environment
Healthcare data exchange
Medmij compliant software

Where Formelio is headquartered

Location

Headquarters

HQ city: The Hague
HQ country: Netherlands
HQ region: Europe

Offices1 record

Markets served

Formelio business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

Custom Software Development: Formelio acts as a software agency that designs and builds innovative digital healthcare products for healthcare organizations. They create bespoke solutions rather than off-the-shelf products.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Formelio product offering

Product offering

Core offering

Formelio is a software agency that designs and builds innovative digital healthcare products. Its portfolio centers on three offerings: the PGO Ivido personal healthcare environment app for Dutch citizens to manage health data via MedMij standards, the HINQ ZNO practitioner collaboration environment with cross-domain treatment dashboards, and the HINQ Data-exchange Infrastructure that underpins interoperability across the Dutch healthcare ecosystem.

Product overview

Formelio is a software agency that designs and builds innovative digital healthcare products. Their portfolio includes three core products: PGO Ivido, a Personal Healthcare Environment app for Dutch citizens to manage their health data; HINQ ZNO, a Practitioner Collaboration Environment for cross-domain healthcare collaboration; and HINQ Data-exchange Infrastructure, the underlying infrastructure enabling data exchange between citizens and practitioners. These products work together to create a decentralized, standardized, and reusable healthcare ecosystem aligned with MedMij standards.

Differentiator

Problem solved

Functional benefit

Brands

Ivido: A Personal Healthcare Environment app where Dutch citizens securely manage their health journeys and data, retrieving data from care providers using national MedMij standards.
HINQ

Products and services

PGO Ivido A Personal Healthcare Environment (PGO) app where Dutch citizens securely manage their health journeys and data, directly retrieving their data from care providers using the national MedMij standards.
HINQ ZNO A Practitioner Collaboration Environment enabling practitioners across healthcare domains to collaborate regarding a patient's treatment, including dashboards for Medication, Birthcare, Advance Care Planning, and Hospital at Home.
HINQ Data-exchange Infrastructure The underlying data-exchange infrastructure enabling citizen and practitioner environments to access the data they need, including DVAs (Decentralized Data Applications / Decentralized Healthcare Applications) for practitioner-to-citizen traffic and the HINQ Interoperability platform for practitioner-to-practitioner traffic.

Companies that use Formelio

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Formelio technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Formelio partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

IvidocoreOthersIvido is a Personal Healthcare Environment (PGO) app for Dutch citizens where they securely manage their health journeys and data. Formelio built this product, enabling citizens to directly retrieve their data from care providers using national MedMij standards.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Formelio competitors and assessment

Company assessment

Direct peers

Patient1: Dutch Personal Health Environment (PGO) provider, MedMij-certified, competing directly with Formelio's Ivido for Dutch citizen users managing their health data. Most direct product-level overlap in the company dataset.
Chipsoft: Dutch healthcare IT vendor behind the HiX electronic health record, widely used across Dutch hospitals. Highly comparable to Formelio as a Dutch-headquartered healthcare technology company building practitioner-facing software and healthcare data infrastructure.
Nedap Healthcare: Dutch healthcare technology provider (Ons platform) serving care organizations with electronic client files and care coordination tools. Comparable to Formelio in its focus on Dutch healthcare data systems and cross-domain practitioner collaboration.

Emerging players

Patients Know Best: UK-based patient-held record platform that integrates with national health systems. Comparable to Formelio's PGO Ivido as a citizen-facing personal health record built around interoperability standards, though operating in the UK rather than Dutch market.

Broad incumbents

CompuGroup Medical: Large European healthcare IT incumbent offering EHR, PGO, and data-exchange products across multiple countries. Comparable to Formelio as a healthcare software provider with PGO and interoperability offerings, but at much greater scale and geographic breadth.
Epic Systems: Global healthcare IT incumbent best known for its electronic health record and interoperability platforms (e.g., Care Everywhere). Comparable to Formelio in the healthcare data exchange and practitioner collaboration domain, but operating at vastly larger scale as a broad incumbent.
Visma: Nordic-headquartered software group with healthcare-adjacent products serving European enterprises and public sector. Comparable to Formelio in the B2B software services model and Dutch/Northern European healthcare exposure, though at much greater scale and breadth.

Regional players

Tenzinger: Dutch software company focused on healthcare and long-term care solutions. Comparable to Formelio as a Netherlands-based healthcare technology provider, though with a different product focus (care organization software rather than PGO/interoperability).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

Formelio financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Formelio leadership team

Management profile

Number of profiles

Profiles5 records

Formelio funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Formelio M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Formelio

What does Formelio do?

Is Formelio a public or private company?

Formelio is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Formelio founded?

Formelio was founded in -1. It employs 11 to 50 people.

Where is Formelio based?

Formelio is headquartered in The Hague, Netherlands, in the Europe region.

How does Formelio make money?

One revenue line is on record: custom Software Development.

Who are Formelio's main competitors?

Direct peers on record are Patient1, Chipsoft and Nedap Healthcare. Patients Know Best is listed as an emerging player. Broad incumbents are CompuGroup Medical, Epic Systems and Visma. Tenzinger is listed as a regional player.

Does Formelio have an API?

No public API is recorded for Formelio.

What industry is Formelio in?

Formelio's product category is Digital Healthcare Software. Its primary akta.pro industry code is HLAEALAG, Care Management & Population Health Program Administration. Its NAICS code is 518 and its SIC code is 7370.