Blueprint Health, a mentor-focused New York City health tech accelerator, showed off seven new companies during their seventh annual Demo Day. Blueprint boasts over 200 health executives and clinicians in their mentor network who offer support and advice to their startups.
On Friday, April 24th, Blueprint’s Winter 2015 class of startups pitched to several hundred of Silicon Alley’s health tech elite. Jean Luc Neptune, Blueprint’s Executive Director and Accelerator Leader, led off the afternoon with an update on their past companies:
- 85% still in operation
- 80% generating revenue
- Touch Surgery (Winter ’13) with 50 employees
- Procured Health (Winter ’12) with 30 employees
- 4 companies from Summer ’13/ Winter 14 classes on pace to generate more than $1 million in annual revenue
- All companies from Summer ’12 (8 in total) still in operation three years after participation in program
In the last three months, thecompanies from this latest class honed their visions and gained traction. Several have pilot programs (as far away as New Zealand) and are already generating income. This group of startups predominantly focus on the opportunities in operations. They demonstrate understanding both of day-to-day healthcare and new opportunities offered by the Affordable Care Act. For instance, Moving Analytics and GlucoIQ take advantage of the push for more accessible care management programs by providing technology driven platforms for patient monitoring and engagement. And that’s just for starters.
Here are the 7 companies who are working to make a difference to the health and treatment in one of the hottest verticals going:
CLICK HERE TO SEE THE 7 COMPANIES WORKING TO MAKE A DIFFERENCE IN HEALTH TECHNOLOGY
Image credit: CC by Lifescience Resources Hawaii
ClucoIQ
GlucoIQ is a telemedicine platform that helps physicians monitor diabetic patients, receive blood sugar data, analyze it, bill for the service and generate revenue. GlucoIQ is taking advantage of a new CPT code that allows clinicians to bill $40 per patient, per month, to implement diabetes care management programs. GlucoIQ gives patients a wirelessly connected glucose monitor and access to a 24/7 messaging service. Information is fed to a dashboard that providers can reference during monthly calls with patients.
Grouphub
Grouphub provides an online benefits enrollment platform for independent insurance brokers so they can compete with companies like Zenefits, who provide simple, online ways for small and medium sized employers to manage their employees’ benefits. They claim that customers spend up to one day less on paperwork each week and are currently in private demo with hundreds of carriers. Their vision is to simplify and streamline the health insurance market for insurance brokers and employers, within the framework of ACA regulations.
Healthy Bytes
Healthy Bytes is an insurance billing and patient flow platform for private dietitians, to help them set up their practices to accept insurance and manage the influx of new patient referrals. Healthy Bytes recently pivoted from being a dietary coaching product that used pictures to monitor what clients were eating. Now they aim to help dietitians handle revenue cycle management more efficiently, sign up more clients – and take a cut of the increased revenue.
Limestone Labs
Limestone Labs provides the CleanSlate to hospitals—an ultraviolet sanitizing system that disinfects smartphones and other devices. Their accompanying software also tracks sanitization protocol compliance. Hospitals rent the devices for $175 per month, per machine, with the goal of decreasing the spread of hospital-acquired infections, the treatments for which are not reimbursed by Medicare.
Moving Analytics
Moving Analytics helps cardiac centers implement home-based rehabilitation programs delivered through patients’ mobile devices. Currently, only 20% of patients complete cardiac rehabilitation because of time and geographic constraints, even though doing so can decrease a second heart attack risk by up to 50%. Moving Analytics’ platform includes a patient-facing app and provider-facing case management systems that help nurses conduct reimbursable home-based rehab via customizable care plans and a weekly phone call.
Signifikance
Signifikance provides genetic testing labs with a platform that automatically analyzes a patient’s genomic data and compiles a report with personalized treatment options in minutes, as compared to the hours it usually takes. Labs can then transmit this report to providers to fuel discussions with patients. Originally focused on cancer testing, they are looking to expand their business into the prenatal screening and testing market. Their machine-learning algorithm looks at mutations and determines whether or not they are relevant to the patient’s cancer—a decision process currently done manually by researchers. It also recommends next steps.
TapGenes
TapGenes helps people create a visual medical family history and share it with their family members, who can then add to the data. They claim to offer health insights without needing genetic information, but later presented their product as involving “genomics and machine learning.” The team has extensive experience in content marketing.
