Friday September 14, 2018 0 comments
DENVER -- Six digital health startups have been selected to pitch their businesses at the 2018 Prime Health Challenge on Oct. 11.
The startups were drawn from a pool of applicants that included companies from across the nation and vetted by more than 40 healthcare and business leaders.
“This year’s finalists represent the unique needs of Colorado’s underserved population,” said Nicole McNew, Prime Health executive director.
“They also highlight the vast opportunities that exist for entrepreneurs to develop, pilot, and innovate health technology solutions.”
At the 2018 Prime Health Challenge, the finalists will have the opportunity to pitch before an audience of hundreds. Each innovator will attempt to convince a panel of payers and providers to pilot their solution.
At the end of the competition, the Colorado Health Foundation will award three of the startups a share of $150,000 to fund their pilots.
“What makes the Challenge so unique is its ability to impact the lives of patients across the state,” McNew said.
“Participating organizations like Stout Street Clinic, Denver Health, AllHealth Network, and Mt. San Rafael Hospital are serving Colorado's most vulnerable patients.”
“The pilots resulting from the Challenge will connect these populations with resources such as financial education, behavioral health services, and symptom management.”
The six digital health startups that will compete at the Prime Health Challenge are:
Care on Location is a telehealth service provider that uses its software platform to connect patients to quality telemedicine care.
Through its geolocation-based matching system, the company is able to connect patients that need more than a telehealth visit directly to a partnership network of office-based and mobile healthcare providers.
“Care on Location is solely focused on serving safety net providers and their patients,” said Dr. Jonathon Savage, the company’s CEO.
“This means our partners receive a better service as we’re tuned in to the unique needs, challenges, and considerations of safety net institutions.”
TCARE’s Medicaid-approved platform is used by health insurance companies to reduce family caregiver burnout and delay nursing home placement.
The company’s evidence-based predictive technology saved Washington State Department of Social and Health Services over $10 million in a 2,300-caregiver pilot by delaying nursing home readmissions by 18-24 months.
“In a two-year pilot, TCARE was proven to save Washington State's Medicaid system over $20M while increasing the quality of care of the at-risk aging population,” said Ali Ahmadi, the company’s CEO.
Tela (formally Tx Tracker) empowers cancer patients to track their symptoms, medication usage, and other health data to better manage their treatment experience.
The company's platform shares this data with providers to improve patient outcomes and with pharmaceutical and biotech researchers to accelerate precision medicine research.
“Tela will partner with host institutions to close the information gap on what’s happening between clinical visits,” said Tela CEO Christie Mangir.
“Our platform will help care teams manage high-risk patients, and help administrators minimize costs and maximize value.”
Epharmix is an evidence-based remote patient monitoring company that aims to improve outcomes in high and rising-risk populations.
The company increases engagement by sending proactive, clinically-validated texts and phone messages to the patient's own phone to collect patient-reported biometrics and symptoms for 23 chronic diseases.
Epharmix's algorithms risk-stratify patient responses and trigger alerts to care management teams, enabling timely, targeted care to prevent readmissions or exacerbations. The company helps care managers more efficiently engage patients to be successful in value-based care.
"Epharmix is excited for the chance to partner with Colorado-based safety net providers to support patients and their care teams," said Epharmix CEO Blake Marggraff.
"Our remote patient engagement technology is especially powerful for organizations focused on a combination of behavioral, chronic, and social determinants of health."
Medecipher helps hospitals navigate operational decision making. Founded by the former managers of an academic emergency department and industrial engineers, the company understands patient flow, throughput, and the operational reality of emergency departments.
Medecipher’s flagship product is an early detection software and services platform for emergency department leaders. According to the company, the product promptly delivers a return-on-investment by reducing flex staffing costs and recapturing walk-out volume.
“At Medecipher, we recognize that determining appropriate nurse staffing is a major challenge for all hospitals,” said Stephanie Gravenor, CEO of Medecipher.
“However, this is issue is especially challenging for critical access and safety net hospitals, who must continuously adapt their nursing care and skills to an environment with wide fluctuations in census, acuity, and care needs.”
Golden is financial health and benefits care for seniors. Golden enables providers to give senior-population patients and their families Golden’s How to Pay for Mom’s Care Program.
This proactive program checks seniors for means-tested government benefits qualification and drug discounts. It also allows family members to pay bills and manage money when their senior parents can’t due to hospitalization, dementia, or chronic care conditions.