Tag: health IT startup

Health IT Startup: The Medical Memory

The Medical Memory’s mission is provide simple and convenient methods for video recording medical conversations and sharing them with patients and their families.

Elevator Pitch

The Medical Memory provides a simple and convenient method of recording medical conversations and distributing them to patients and their families.

Founder’s story

Dr. Randall Porter founded The Medical Memory to help his own patients better understand their condition and treatments. Dr. Porter recognized that his neurology patients did not comprehend the information imparted to them during appointments. Furthermore, Dr. Porter was frustrated with his inability to receive information regarding his own father’s cancer treatment in another state. Since its inception, the company’s vision has been to use video recording technologies to enhance patient understanding of their medical conditions and treatments and to share that information with family members and loved ones.

To achieve this The Medical Memory partners with doctor’s offices to make it simple for patients to request video recordings of their visits. A portable video camera is used to record discussions, imaging and demonstrations. Post visit, an email is sent to the patient with log in information to a page containing the videos. The patient simply logs in from any location with internet access to start reviewing what the doctor said. If desired, the patient can share the page with family and loved ones.

The Medical Memory is a simple and convenient method to keep patients and their loved ones informed of important medical discussions in many cases eliminating unnecessary follow-up appointments.

Marketing Strategy

The marketing strategy for The Medical Memory is a comprehensive local and national marketing and public relations campaign focusing on Dr. Porter’s personal experience with patients’ recall, the need for The Medical Memory and the benefit. The media focus is on editors, bloggers, and publications covering health, technology and startups.

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Health IT Startup: RightPatient

RightPatientRightPatient is a division of M2SYS Technology, an ISO 9001:2008 certified company and  biometric technology solution provider. M2SYS has more than a decade of biometric technology experience, with more than 300 million enrolled users in more than 100 countries.

Elevator pitch

RightPatient is the industry’s most advanced biometric patient identification, patient engagement, personalized healthcare and healthcare intelligence platform to reduce costs and liability, improve quality of care, monitor population health and enhance the patient experience. With features for wearable and biosensor integration, health games, medication alerts, proactive health management and predictive analytics, the platform also integrates with major electronic health record (EHR) systems such as Epic, Siemens, Cerner, McKesson, Meditech, IBM and many others. RightPatient is already deployed across hospitals and health systems that collectively maintain the health data of over 10 million patients.

Product/service description

RightPatient is the industry’s most advanced patient identification, patient engagement, personalized healthcare, and healthcare intelligence platform to reduce costs and liability, improve the quality of care, monitor population health, and enhance the patient experience. Our healthcare ecosystem unifies clinical knowledge through data aggregation, deep learning, and predictive analytics to personalize medicine, improve outcomes, and reduce re-admissions.

Founders’ story

Mizan Rahman
Mizan Rahman

Our founder and CEO Mizan Rahman immigrated to the U.S. in the late 1990s seeking to turn some of his ideas, education, and experience into tangible products that solved problems for different verticals. He has successfully shepherded two companies from startup to a multi-million dollar companies that were eventually bought out.

Mizan now oversees the strategic and operational interests of the company worldwide combining his software engineering experience and entrepreneurial leadership with comprehensive international market intelligence to solve customer problems through identity solution ingenuity. He has successfully shepherded the growth of M2SYS as a global force in identity management, pioneering the development and launch of M2SYS’ Bio-Plugin biometric middleware and Hybrid Biometric Platform – both of which were recognized by Frost and Sullivan with prestigious awards for their design innovation.

Mizan continues to be recognized for his innovation and leadership in the field of biometric identification technology, most recently as recipient of “Technology Innovator of the Year” by InfoWorld. He is a frequent speaker in many US and international conferences, symposiums and universities such as the International Biometric Conference and MIT.

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Health IT Startup: Bioscape Digital

Bioscape DigitalBioscape Digital integrates text, audio and 3D visual imagery into an intuitive touch screen solution, allowing providers to overcome language and education barriers: critical for the better outcomes required in a patient-centric healthcare delivery model.

Elevator pitch

Bioscape offers an interactive healthcare platform via tablet, delivering engaging healthcare to close the gap between patient and provider, while helping increase patient engagement and satisfaction.

Product/Service Description

Bioscape Digital engages consumers with targeted healthcare content and transactions, at the ideal time and location: in the hospital. Bioscape does this by installing a customizable tablet-based platform into health systems.

Bioscape’s tablet-based platform, which is installed into every room and introduced to every patient by the nurse, creates a truly unique opportunity to engage a captive audience. As a result, hospitals experience improved patient engagement, enhanced patient satisfaction and generate incremental revenue and cost savings.

Bioscape’s platform integrates text, audio and visual imagery into an intuitive touch screen solution, allowing doctors to overcome language and education barriers: Critical for improved outcomes, which result in higher reimbursement rates.

Unlike traditional “shout” solutions (i.e. televisions), Bioscape’s touch screen allows for the smart delivery of targeted functionality, generating an entirely new set of valuable transactions and data. Key functionality includes real time feedback, lead generation, insurance calculators, educational content, medication adherence program and targeted marketing.

Bioscape’s solution enhances the quality of care, improves patient compliance, increases patient satisfaction and drives additional revenue opportunities through specific feature based functionality: All critical if the healthcare provider of the future expects to remain competitive and be successful for the long term.

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Health IT Startup: eVisit

Bret Larsen

eVisit is the telemedicine software platform for physician’s offices. Its cloud-based SaaS application allows physicians, PAs and NPs to evaluate and treat their existing patient population remotely, via webcam interaction. Unlike competitors, eVisit is the only platform for providers, designed to allow telemedicine reimbursement from third party payers. eVisit can increase patient flow up to 300 percent; and can decrease “no shows” by 80 percent, allowing a practice to recover up to $120,000 a year.

Elevator pitch

eVisit is telehealth software that enables providers to increase patient flow and revenue, while providing convenience to their patients with online treatment.

Leadership team

Bret Larsen, Co-Founder, CEO. Glen McCracken, MD, Co-founder, president.

Marketing/promotion strategy

We are actively marketing through strategic channel partnerships and product integrations.

Market opportunity

The Primary Care Market generates $135B/year in revenue with a CAGR of 2.6 percent. It employs 745,642 (246,090 physicians) over 130,526 medical practices; 90 percent of primary care physicians operate in SMB medical practices, our target segment (IBISWorld). This segment represents a $9.99B/year addressable market (221,481 buyers x $1,200) + ($121.5B  x 8 percent billing fee).

How your company differentiates itself from the competition 

Competitors offerings include B2B models with value propositions of lowering costs, B2C models offering convenience or enterprise hardware and software (none offer physicians ability to bill a patient’s insurance, the doctor-patient relationship is non-existent and patients are being asked to pay more).

Business model

Healthcare practice sign up on a subscription that is charged on a per user, per month fee of $99.

Current needs

We are currently raising our seed round of investment ($1M) and actively looking to hire talented developers.

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Health IT Startup: Twine Health

It’s called healthcare for a reason. Technology is a powerful tool, but people are the solution. The Twine Health Collaborative Care Platform allows for the co-creation and tracking of personalized care plans that serve as common ground for continuous collaboration between patients, coaches and their clinicians. Patients get support from their care team, on their terms whenever, wherever they are: so they reach their health goals faster and focus on living.

Healthcare has lost its way. In recent years the “care” has fallen by the wayside — victim of flawed automation efforts, perverse payment models and the constant pressure to reduce costs. Technology is a powerful tool. However, if not used properly it’s impersonal and the human connections, which are critically important to caregiving, get lost. People are the solution to better healthcare.

People are the most underutilized resource in health. Twine Health changes the game by empowering them to take an active role in their care, learning along the way, and overtime building self-efficacy. Twine Health surfaces patients who need help at just the right time, allowing them to remain effective even as panel sizes grow. Coaches provide the ongoing support and expertise that is key to successful behavioral change. This also allows clinicians the time and focus to practice at the top of their license, interacting directly with patients when challenging medical conditions arise.

Elevator Pitch

The Twine Collaborative Care Platform is a new class of digital health technology that helps patients build self-efficacy via continuous support from coaches and their clinicians. Spun out of research performed at the MIT Media Lab, and proven cost effective via clinical trials and commercial pilots, Twine delivers results that cannot be ignored – 90 percent of patients reach their health goals (e.g., blood pressure < 140/90) within 3 months at 1/3 the cost of the standard of care.

Founder’s Story

John O Moore MD, PhD
John O Moore MD, PhD

John Moore, MD, PhD, is the co-founder and CEO of Twine Health. Moore’s passion for a better healthcare system started during his medical training where he was frustrated to learn that the best diagnostic and treatment capabilities did not result in healthier and engaged people. To be successful, Moore realized patients had to be in control of their own care, but also recognized the clear need for expert support. Moore came up with the idea for Twine Health during six years at the MIT Media Lab where he studied the healthcare delivery model and created a revolutionary approach to care: technology-supported apprenticeship. Bringing together advances in health psychology, learning science and human-computer interaction, Twine is designed to become the primary tool for teamwork between patients and clinicians. Before attending medical school, Moore received a BS in Biomedical engineering, and was a Fulbright Scholar.

Marketing/Promotion Strategy

Patients, coaches and clinicians are looking for a better way to provide and receive care – a way to make health care healthier. Twine Health provides clinicians, and the health organizations (HCOs) they work for, an effective and scalable chronic care platform that improves outcomes, reduces costs and increases patient and clinician satisfaction. The results speak for themselves:

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Health IT Startup: Optimized Care Network

Brian Slusser, CEO, Optimized Care Network
Brian Slusser, CEO, Optimized Care Network

The Optimized Care Network (OCN) is a provider of digital healthcare that merges high tech with high touch. OCN’s technology enables medical providers to digitally connect with patients in a life-like manner that is changing the delivery of medicine via non-traditional sites of care. Their highly equipped digital exam room, which includes a specially trained, registered nurse, is the 21st century model for digital healthcare with a personal touch.

Elevator Pitch

OCN’s digitally personalized technology makes it easier than ever for patients to connect with the most qualified medical expert anywhere in the world.

Founder’s story

Brian Slusser is the CEO of Optimized Care Network. He brings decades of healthcare industry experience and successful entrepreneurship into this new venture.

Imagine every world-class specialist available in one office. That’s what Slusser did when he began formulating the concept of OCN. He realized he could assemble a digital healthcare platform that focused on delivering convenient and affordable patient care without geographic boundaries. No longer does a patient have to drive for hours or wait weeks for an appointment with a specialist. They simply make an appointment online and go to their local CareSpace.

Marketing/promotion strategy

OCN actively engages in healthcare discussions with other thought-leaders and innovators in the industry. For instance, OCN recently participated in TEDMED’s the Hive in Washington, D.C. and Slusser served on a featured panel at athenahealth’s More Disruption Please Conference. Opportunities like this give OCN the chance to share our CareSpace services with other forward-thinking entrepreneurs and companies who are also focused on improving the state of health care. We employ brand journalism and social media tactics to help expand our reach to providers and patients. Participation in community events that bring together providers and potential patients is also part of the strategy. Open houses will be held to allow patients to see the CareSpace for themselves before a medical need arises. This will provide a level of familiarity and comfort when they do need to see an OCN provider.

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Health IT Startup: Opargo

Paul Wiley, co-founder and CEO

High-demand healthcare providers have no good system in place to drive differentiating value at the time of patient scheduling. With an increase in demand and reduction of time, doctors need to be smarter about how they run their business. Some doctors need to prioritize based on completing a specific surgery. Others need to prioritize based on the greatest opportunity for high reimbursement. But through it all doctors need to maintain a full schedule and optimized revenue while keeping their patients happy and loyal.

Opargo focuses on delivering incremental value to healthcare providers through schedule optimization. Opargo’s patent pending solution takes into account healthcare insurance payment rates, office and procedure activities, historical practice demand and availability to calculate incremental value. This perishable inventory model is similar to how scheduling and payment has been managed for many years in the travel industry to optimize yield for airlines and hoteliers. The Opargo SaaS system seamlessly integrates with a practice’s existing calendar and revenue management systems to make it easy to install and manage.

Elevator pitch

Dr. Aaron Lloyd, co-Founder, president and chief medical officer

Opargo delivers incremental revenue to healthcare providers through schedule optimization. Opargo helps healthcare providers optimize the value of time.

Product/service description

Healthcare providers have previously used a “first come first serve” or “look and book” calendar approaches to schedule patients. This is also how airlines booked passengers in the past. However, as airlines started to incorporate revenue management principles at the time of booking, they saw significant increases in revenue and long-term corporate value.

Opargo is a patent-pending solution that integrates reimbursement rates, reimbursement timing, referral sources, visit types, historical demand and more to determine the value of each visit for healthcare providers. High-value visits are given prioritization to ensure patients don’t look for other providers, as wait times greater than two weeks cause patients to “shop around.” By ensuring high value patients don’t leave, healthcare providers have seen up to a 20 percent increase in annual revenue.

However, there are benefits to the patients of healthcare providers using Opargo, too. First, all patients are seen and no one is denied medical care due to type of insurance. Opargo ensures all patients are seen at the right time. Second, Opargo leverages its proprietary algorithm to ensure patients are seen by the most qualified provider. This helps patients get the most optimal care from the optimal provider as soon as possible.

Bookings made in Opargo’s cloud-based application are automatically passed into practice management systems to ensure all down-line processes remain in-tact. Currently, Opargo integrates with GE Centricity practice solution, Greenway PrimeSuite and AthenaHealth.

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Health IT Startup: Wellframe

Jacob Sattelmair
Jacob Sattelmair, CEO, Wellframe

Wellframe delivers a mobile experience featuring a secure two-way communication channel to connect patients with care providers. The company also offers a mobile data collection system that is, cloud-hosted and scalable to any number of users. Wellframe’s artificial intelligence engine for health state modeling, prediction and dynamic clinical protocol optimization uses data from a patient’s interaction with the care plans to optimize the system, and the company has developed a lightweight cloud-hosted care management EHR that has been successfully integrated into clinical workflows.

Elevator pitch

Wellframe’s mobile platform for care management and patient engagement extends therapeutic relationships to promote patient adherence and improve financial outcomes for health plans and systems.

Product/service description

Wellframe enables organizations to extend the reach of their existing care management services, while providing a higher quality of care to members and improving patient outcomes. Wellframe’s intelligent system engages high-risk patients and creates a personalized patient experience, which is delivered in a simple daily health check-list via mobile technology.

Wellframe has demonstrated success working with the health system’s most socially and medically complex —and costly— patients. These are the individuals for whom payers and providers most desperately need additional insights. The insights gleaned from the Wellframe platform enable clinicians and care managers to better manage their patients’ health and keep them engaged in their care. Wellframe amplifies rather than replaces therapeutic relationships and is re-engineering an antiquated market by using mobile technology to put a care manager in every patient’s pocket.

Foundersstory

The Wellframe founding team is comprised of individuals with a diverse set of skills and whose backgrounds include clinical medicine, public health, systems engineering, data science and consumer engagement. By leveraging their different areas of expertise, the founding team was able to identify a gap in the way care is delivered in the US.

The CEO, Jacob Sattelmair, who is an epidemiologist by training, was focused on using technology to engage people around managing their own health. The chief medical officer, Dr. Trishan Panch, who is a primary care physician and a lecturer at MIT, had been focused on using technology to reengineer care delivery and lower cost settings. Vinnie Ramesh and Archit Bhise are both MIT-trained computer scientists who were researching new ways to utilize low cost technology to improve access to healthcare.

Utilizing and merging their diverse backgrounds, the team developed the idea behind Wellframe: An effective solution to re-engineer care delivery.

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Health IT Startup: Prime

Tyler Hayes
Tyler Hayes, founder and CEO, Prime

Prime allows users a way to make sure their friends, family and emergency contacts have access to their health by granting them full access at every hospital they visit. With Prime, users can stop worrying about keeping everyone up to date, and “tell the people that need to know, what they need to know.” Verifying that all HIPAA requirements are met, Prime secures information with bank-level security: All information is protected by state-of-the-art encryption. Access to the information is always monitored, and every member of the Prime team has been fully HIPAA trained.

Elevator pitch

Prime’s free mobile app helps patients aggregate their healthcare information from multiple sources into a single view on the go. Prime helps patients and their loved ones achieve a better healthcare experience by putting all their health information in one place.

Product/service description

Prime empowers people to take control of their personal health records on the go. Users can apply information from multiple sources into a single view giving them complete access to important data. The end result is individuals and their loved ones achieve a better healthcare experience. Prime is a free, HIPAA-complaint mobile app available for download in the Apple App Store.  The company launched out of Techstars in 2014. We have helped users connect to more than 50,000 personal health records.

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Health IT Startup: Hyginex

Shiva Swami
Shiva Swami

Hyginex is a patented wearable hand hygiene improvement technology that is saving patient lives by preventing the spread of healthcare associated infections that cause nearly 100,000 deaths in the U.S. annually. The patented arm-based system provides real-time feedback to help staff remember to wash their hands and also collects highly accurate data on both duration and frequency of hand hygiene events.

Elevator pitch

Hyginex is a patented wearable information technology that generates big data to drive change and save lives in the healthcare industry.

Founders’ story

Hyginex was founded when Efrat Raichman lost her uncle to a healthcare associated infection (HAIs). After researching the problem further, she realized better hand hygiene was key to preventing these terrible infections and that there was no technology solution available on the market. She developed the Hyginex system, the first electronic hand hygiene improvement and monitoring technology to save patient lives and help hospitals improve their hand hygiene culture.

Marketing/promotion strategy

Hyginex reaches customers through conferences, tradeshows, webinars, email marketing and social media. Hyginex is also developing strategic partnerships with thought leaders and patient advocacy organizations to increase public awareness of the importance of hand hygiene for patient safety.

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