Tuesday October 24, 2017 0 comments
DENVER -- Nymbl Science took the first-place award of $45,000 at the 2017 Prime Health Challenge for developing a comprehensive system for measuring, tracking, and improving balance for patients at-risk of falls.
Six healthcare technology startups pitched to representatives from 16 host institutions, including Kaiser Permanente, Metro Community Provider Network, AllHealth Network, Centura, UCHealth and SCL Health.
More than 500 audience members watched as each company competed for an opportunity to prove their solutions with Colorado healthcare institutions.
“It was a dream come true for Nymbl to get pilot offers from four of the largest healthcare providers in the state of Colorado, and we are honored to receive the prize money to help make these pilots a reality,” said Edward Likovich, Nymbl’s VP of operations.
“We are extremely thankful for the opportunity to pitch and for the sponsors of Prime Health. It was humbling to be on stage with so many other terrific companies, each talented enough to win, and all of which will impact healthcare in significant ways.”
Early this summer, companies from around the country submitted applications to compete in the Prime Health Challenge.
Over the past 3 months, experts from across the industry evaluated the proposals through the Prime Health Qualify process and narrowed the list down to six finalists.
With funding from The Colorado Health Foundation, winners were rewarded with a share of the $150,000 prize.
“The Colorado Health Foundation is excited about its continued partnership with Prime Health in order to support the intersection of health care, innovation and low income communities across Colorado” said Ben Bynum, Colorado Health Foundation portfolio director of private sector engagement.
“The healthcare industry presents unique challenges for entrepreneurs,” said Steve Adams, Prime Health CEO.
“Collaborating with providers and patients early on is key to success and for the winners of tonight’s Challenge, this experience will provide invaluable knowledge on how to scale innovation in the healthcare industry.”
AI Health, which has created a platform to improve communication between hospitals and post-acute care settings, such as, nursing homes, skilled nursing facility, home health, and rehab facilities, won the Safety Net Award.
The $45,000 award was specifically designated for a startup that addressed pain points for underserved populations.
"We are very thankful to Prime Health, Colorado Health Foundation and all the participating host institutions for putting together such a wonderful program,” said Dr. Kenneth Bellian, AI Health co-founder.
“We are very excited to have won the Safety Net Award because we know that we can help patients of any background find the best post-acute care facilities based on their specific situation.
“This results in better outcomes for the patient and lower costs for the payer. This is especially important for patients that are at risk, underfunded, and/or unfunded."
The second-place award of $35,000 went to Redox, a Wisconsin-based startup who provides health systems with a platform that acts as a single access point for all cloud-based applications, providing access controls and monitoring while eliminating integrations.
The third-place award of $25,000 went to Listen.MD, an artificial intelligence-based scribing application that allows providers to focus on personal interactions with patients.
While only the top four companies won a share of the prize money, all six finalists received bids to pilot their solutions at a host institution.