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7 health IT startups fast-tracked

Digital health companies develop new products with help from NYC collaborative
By Bernie Monegain

Seven health IT startups have landed a spot in the 2014 New York Health Accelerator. The accelerator, a program run by the New York eHealth Collaborative and the Partnership Fund for New York City, selects growth-stage digital health companies developing cutting-edge technology products for healthcare providers and patients in the areas of care coordination, patient engagement, predictive analytics and workflow management.

[See also: New York initiative aims to create hub for health IT jobs.]

"We have selected seven early- and growth-stage digital health companies that will be put on a fast track for building a successful business providing technology solutions to the healthcare industry that will ultimately reduce health costs and improve patient outcomes," said Maria Gotsch, president and CEO of the Partnership Fund for New York City, in a statement. "The 2014 class was selected through a competitive process from a pool of more than 100 applicants by the senior technology and innovation executives of the state's 23 leading healthcare systems."

During the four-month program, participating start-ups will work closely with senior-level executives to fine-tune and develop their technologies and business strategies through direct mentorship as well as a series of workshops, panel discussions, user-group sessions, networking opportunities, one-on-one meetings and presentations. Each startup will receive on average $100,000 in capital investment.

"The New York Digital Health Accelerator has been instrumental in stimulating health IT innovation in New York," said David Whitlinger, executive director of NYeC, in a news release. "The NYDHA looks forward to helping spur innovation through access to the Statewide Health Information Network of New York and by providing New York's most promising healthcare entrepreneurs with the financial and professional support they need to truly succeed."

[See also: New York ready for Round 2 startups.]

The program has shown strong success. In its first year, the class has raised $21 million in additional capital and created 120 new jobs in New York City. Two of these startups, Avado and Remedy Systems, were acquired within six months of graduating.

A list of the seven startups selected is on the next page.

The 2014 Class

  • AllazoHealth addresses the problem of medication non-adherence by leveraging existing member data to anticipate which patients will not take their medications to predict how best to effectively influence each patient to take their medication. (www.allazohealth.com)
  • Clinigence's solution — built around clinical data analytics, sematic data aggregation, and predictive modeling — provides real-time clinically-based reports about care gaps which help healthcare providers improve outcomes to proactively address the shift to value-based models and the growing demand for quality patient care. (www.clinigence.com)
  • Covertix helps healthcare organizations protect and control confidential data shared between patients, healthcare professionals, hospital networks and third party vendors to improve their coordination of care. (www.covertix.com)
  • iQuartic's technology merges, structures and mines EHR, PBM, claims and mHealth data for analytics that inform and benchmark care based on outcomes/best practices and adjusted population. (www.iquartic.com)
  • Noom makes software to help people live healthier. For consumers, the Noom Weight Loss Coach, with over 11 million downloads, coaches users on nutrition and exercise. Noom's different patient engagement apps are based on its consumer-facing app. (www.noom.com)
  • Quality Reviews empowers patients through their flagship product, RateMyHospital.com, a real-time, mobile patient feedback tool. (www.q-reviews.com)
  • Sense Health uses mobile technology to build personal connections between providers and high-risk Medicaid patients to improve outcomes and the quality of care. (www.sensehealth.com)