These startups receive $20K, shared office space in SoHo at the Blueprint Loft, and approximately $40K of in-kind services in exchange for 6 percent equity.
The accelerator has now also opened up to companies and individuals who want to rent space, creating the ultimate digital health clubhouse.
I recently had an opportunity to attend demo day for the first Blueprint Health class of startups and I was very impressed by the NYC digital health scene. Several of the companies who participated in that inaugural Blueprint class have been able to raise seed capital, including Aidin and Meddik, and all continue to flourish by adding new clients and launching pilots with partners across the country.
Just a few days ago Blueprint announced a partnership with Humana. The Louisville, KY-based health insurer is one of the most innovative large health care companies anywhere in the world, making big investments in numerous projects and joint ventures to develop digital health tools that address the health and wellness of their clients. It was only a matter of time before the company started dabbling in the digital health accelerator space, especially with its competitor Blue Cross Blue Shield a founding partner of Chicago-based Healthbox digital health accelerator.
“We’re excited to partner with Blueprint Health to encourage creativity and innovation in the health care and well-being space,” said Shankar Ram, Vice President of Innovation at Humana. “At Humana, we believe we must employ a consumer-oriented approach to well-being. And as technology makes its way into more areas of our lives, we must turn to these advances in technology as agents of positive change and take healthcare into the future.”
“Blueprint Health is focused on identifying partners who have a strong strategic fit with our mission and are interested in encouraging innovations in healthcare technology,” said Brad Weinberg, M.D., Founder of Blueprint Health. “Partnering with Humana, a company focused on innovation, provides a great opportunity for our program participants. There was a natural connection between Humana and Blueprint Health’s goals to facilitate health and well-being through technological innovation.”
Company descriptions via Giga.om:
Led by Josh Stein, Grant Mitchell, and John Langhauser, AdhereTech helps clinical research organizations (CROs) and clinical trial researchers reduce the cost of study compliance assessment. CROs and clinical trial researchers spend millions every year to send people to trial participants’ homes to assess their compliance with study protocols. AdhereTech provides a patented, connected pill/liquid bottle that can accurately measure if a medication is dispensed, saving CROs and clinical trial researchers hundreds of thousands of dollars per trial.
Led by Clifford Jones and Daniel Cates, Allazo Health (@allazohealth) helps pharmacy benefit managers (PBMs) more effectively allocate dollars to medication adherence programs. AllazoHealth’s Saas based data analytics service predicts the combination of intervention techniques that will provide the greatest outcomes and profitability at a patient level.
Led by Catherine Montgomery, Sarah Moray, Ben Liscio, and Jenny Liu, daisyBill (@DaisyBillers) is worker’s compensation billing made easy. Currently it is very difficult for doctors to get paid for services provided via a workers compensation insurer and none of the practice management solutions handle the complexities of worker compensation claims electronically.
daisyBill provides a Saas based platform that let’s practices easily submit worker’s compensation claims electronically and is taking advantage of the fact that California is requiring that workers compensation insurers to accept electronic claims starting October 2012.
Led by Jonathan Rothman and Scott Richards, EMBI helps hospitals quickly spot areas where they can increase revenue and reduce costs, specifically down to a department and patient level. Hospitals are losing millions of dollars every year because they are not coding effectively, duplicating services and will increasingly will have payments that are subject to bundled arrangements and meeting quality metrics.
Most ERs do not have the time and the technical resources to install a million dollar business intelligence tool like SAP Business Objects. EMBI provides a low cost, easy to implement Aaas platform specifically developed for ERs. The platform has already been deployed at 9 hospitals.
Led by Peter Verrillo, Michael Phipps, and David Kay, EnHatch (@EnHatch) has developed software that helps medical device and pharmaceutical companies more cost- effectively and comprehensively articulate their value proposition to their customers. Currently medical device companies need to use sales reps to train surgeons to use their products or hire very expensive custom animation studios to create surgery training videos. EnHatch makes it very easy for medical device makers to create 3D surgery animations and deploy them on mobile devices.
Led by Jarret Bauer, Rohan Udeshi, and Daniel Priece, Health Recovery Solutions (@healthrecovery1) helps hospitals reduce congestive heart failure re-admissions. A 250-bed hospital can lose $250K or more in Medicare payments if it is not able to maintain an acceptable CHF readmission rate in 2012. HRS provides a care management service that scores patients on their re-admission risk daily and intervenes when necessary. HRS provides a software platform on tablets that patients take home with them from the hospital and trained health coaches and nurses that intervene with patients when needed.
Led by Dr. Venkat Gullapalli and Nita Nehru, Medikly (@Medikly) provides white-label engagement solutions for healthcare educators and marketers, which enables them to better reach, engage and understand physicians. Integrating content management, social media and big data analytics into a single, flexible and intuitive ‘engagement ecosystem,’ Medikly empowers healthcare organizations to expand access and personalize engagement with physicians, increase operational efficiencies, and improve business performance.
Led by Piyush Kedia and Sharad Jain, Symbiosis Health helps employers increase enrollment and retention in their high-deductible health plan and helps employees save money. Employers can save over $1,000 per employee per year if they can get them to transition to a high-deductible health plan, but are finding it very difficult to convince patients to do this.
Symbiosis Health provides a preferred provider network that they have contract arrangements with and a software platform that allows patients to pay a reduced contracted cash-based price for medical services and apply those payments to their deductibles.
Led by Victor Wang and Shuo Deng, GeriJoy (@gerijoytech) helps assisted living facilities and nursing homes monitor residents and improve customer satisfaction and quality-of-life. Gerijoy provides tablet enabled software that enables cost-effective video surveillance and provides patients with a way to communicate with family members and a virtual caregiver.