Among the many tech vertical it lays claim to, New York is a Health Tech town, and if there’s any doubt at all in your mind, Blueprint Health Accelerator just graduated its 6th Class of startups and some of the biggest players and investors in health care were part in the Standing Room Only crowd at the City Winery.
One possible reason: Blueprint has graduated five previous classes. 90% of the companies are still active, and 85% of them are revenue positive, thanks to “patience plus strong founders working on real problems,” said Blueprint Health cofounder Mathew Farkash.
If there’s one thing that this latest batch demonstrated it’s that long gone are the days of doctors making house calls. In fact, technology seems to be moving towards disintermediating doctor visits more and more.
Click here for the 7 Hot Startups from BPH Demo Day
OhMD
Founders: Nate Bechtel and Juno Chang
The patient provider relationship is a very important issue in health care. OhMD is the easiest way for health care providers to communicate with their patients, and make it as simple as sending text messages. It cuts down on the painpoints for patients – they’re always assured of reaching the right care giver – and penalties under Meaningful Use 2.
UrgentConsult
Founders: Ilana Bander, Amish Shah, Iraki Nadareishvilli and Jeffrey Bander, MD
Urgent Consult is an automated online platform that streamlines the patient referral process. This helps keep referrals in-network and thus generate more revenue. Providers are able to base referrals on one who is convenient to the patient, and who is accepted by the patient’s insurance provider.
RXData
Founders: Lawrence Monoson, Julia Mahieu and Joe Segal
Pharmaceutical pricing data is scattered, fragmented and in multiple languages. RXData provides comprehensive, on-demand access to pharmaceutical pricing, access and clinical data across 20+ countries – and save pharmaceutical companies and consulting firms hundreds of hours and over $10,000 in labor costs per project usually spent on collecting this data. Think of them as the Bloomberg for this vertical.
Hiteks
Founders: Dr. Gerasimos Petratos, Dr. Martin Coyne, Peris Brodsky and Daniel Luzon
Hiteks is an analytics engine that works at the point-of-care to analyze and bring structure to the unstructured data stored in electronic medical records. In other words, it converts doctors’ notes into actionable, structured data, and incomplete data is a major reason why doctors are often not reimbursed for treatment and procedures.
Healogram
Founders: Nathan Ie and Peter Jackson
Healogram is a mobile platform helps providers remotely monitor post-surgical and wound care and eliminates the need for a lot of unnecessary follow up visits that can be easily monitored via mobile. Via the app, patients take pictures of their wound at specific intervals and send these ‘healograms’ over the platform to their care providers. They also answer questions on compliance, and the care providers review the information via a web interface. This type of monitoring would cover about 90 percent of wound care cases, according to the founders, and saves doctors about 150 hours a year – or one month of additional revenue/year. Patients are already using the app.
Stirplate
Founder: Keith Gonzales
Stirplate is collaboration platform that allows scientists and researchers to analyze their data and share findings with others. This simple, intuitive system gives the scientific community the ability to share massive amounts of information and data with just a few clicks. FYI: founder Keith Gonzales was a hacker before he became a neuroscientist, and couldn’t stand the way scientists worked – too old fashioned. So he hacked this solution, which is still in beta but already being used at over 20 universities.
Hedway
Founders: Evan Ryan and Casey Ryan
Anybody who has ever been through physical therapy no doubt remembers those sheets of paper you were given so you’d be able to do your exercises at home. Yeah, maybe with the help of the Rosetta Stone. Hedway has made, ok, headway to change all of that. It’s a mobile platform with interactive training guides and detailed tracking to improve care and monitor progress. And of course, leave doctors and therapists time to see more patients. The platform is already live, with 10 physical therapists and it’s now launching at NYU Rusk and Spaulding Rehabilitation Network. Unbelievably, it costs therapists the same as those paper handouts.
