Proof of Usefulness Report

HecoAnalytics Limited

Analysis completed on 2/13/2026

+48
Proof of Usefulness Score
You're In Business

HecoAnalytics is a verifiable UK-based entity established in 2016, offering legitimate health economics tools for the MedTech sector. However, the submission quality is critically poor, containing demonstrably false claims (e.g., 'most people have used my product' for a niche B2B tool, 'audience: everyone'). While the core problem-solution fit is sound for its specific vertical, the lack of credible evidence and the exaggerated reach claims in the submission severely penalize the score. The 'marketcap' figure likely refers to valuation rather than revenue, and actual traction appears to be within the 'micro-entity' range typical of specialized consultancies.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+85.00
Audience Reach Impact+10.00
Technical Innovation+70.00
Evidence Of Traction+10.00
Market Timing Relevance+75.00
Functional Completeness+5.00
Subtotal+43.25
Usefulness Multiplierx1.11
Final Score+48

Project Details

Project URL
hecoanalytics.com
Description
HecoAnalytics is an easy-to-use health analytics platform supporting MedTech companies on a personalised health economics (HE) journey. HecoAnalytics facilitation sessions start this journey and support companies with a suite of configurable tools that synthesise evidence data, AI pathway and patient models with online health economic models. HecoAnalytics models grow in complexity over the course of each company's HE journey as evidence and evaluations progress. HecoAnalytics provides a web-based economic decision making tool that allows a company to make instant health economic assessment of their product portfolio and that allows for different scenario planning in response to new development, clinical or market data.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline