They were drawn from a pool of applicants that included startups from around the nation. They were rigorously vetted by more than 40 healthcare and business leaders. They endured months of networking, mentoring, and training. Now, six digital health startups have been given the greenlight to pitch at the largest competition of its kind, the Prime Health Challenge.
“This year’s finalists represent the unique needs of Colorado’s underserved population,” said Nicole McNew, executive director of Prime Health. “They also highlight the vast opportunities that exist for entrepreneurs to develop, pilot, and innovate health technology solutions.”
At the 2018 Prime Health Challenge, this year’s finalists will have the opportunity to pitch before an audience of hundreds. Each innovator will attempt to convince a panel of payers and providers to pilot their solution. At the end of the competition, the Colorado Health Foundation will award three of the startups a share of $150,000 to fund their pilots.
“What makes the Challenge so unique is its ability to impact the lives of patients across the state,” McNew said. “Participating organizations like Stout Street Clinic, Denver Health, AllHealth Network, and Mt. San Rafael Hospital are serving Colorado's most vulnerable patients.”
“The pilots resulting from the Challenge will connect these populations with resources such as financial education, behavioral health services, and symptom management.”
For patients, providers, and payers, a lot is on the line. The winners of the Prime Health Challenge may determine their benefits, workflows, and profits in the coming years. Some may enter the healthcare industry as partners; others, as competitors. Either way, these startups represent the vanguard of the technological revolution that is currently sweeping through clinics and hospitals.
Here are the six digital health startups competing for a chance to transform care in Colorado.
Care on Location is a telehealth service provider that utilizes its convenient software platform to connect patients to quality telemedicine care. Through its geolocation-based matching system, the company is able to connect patients that need more than a telehealth visit directly to a partnership network of office-based and mobile healthcare providers.
The company makes it easy for its partners to succeed in offering telehealth by providing a customized set of comprehensive services. These services include organizational needs assessment, program design, hardware, software, and clinical services.
“Care on Location is solely focused on serving safety net providers and their patients,” said Dr. Jonathon Savage, the company’s CEO. “This means our partners receive a better service as we’re tuned in to the unique needs, challenges, and considerations of safety net institutions.”
“Our mission is to improve access to high quality medical and behavioral care in the safety net space in a manner that keeps the patient’s core team of providers front and center.”
TCARE’s Medicaid-approved platform is used by health insurance companies to reduce family caregiver burnout and delay nursing home placement. The company’s evidence-based predictive technology saved Washington State Department of Social and Health Services over $10 million in a 2,300-caregiver pilot by delaying nursing home readmissions by 18-24 months.
“Our partnership with Colorado’s host institutions will allow TCARE to similarly impact the quality of care for Colorado’s at-risk aging population.”
Tela (formally Tx Tracker) empowers cancer patients to track their symptoms, medication usage, and other health data to better manage their treatment experience. The company's platform shares this data with providers to improve patient outcomes and with pharmaceutical and biotech researchers to accelerate precision medicine research.
“Tela will partner with host institutions to close the information gap on what’s happening between clinical visits,” said Tela CEO Christie Mangir. “Our platform will help care teams manage high-risk patients, and help administrators minimize costs and maximize value.”
“Measuring both the financial impact and the impact on patient outcomes, a pilot with Tela will demonstrate the value created by incorporating ePROs and remote patient monitoring into oncology care.”
Epharmix is an evidence-based remote patient monitoring company passionate about improving outcomes in high and rising-risk populations. The company increases engagement by sending proactive, clinically-validated texts and phone messages to the patient's own phone to collect patient-reported biometrics and symptoms for 23 chronic diseases.
Epharmix's algorithms risk-stratify patient responses and trigger alerts to care management teams, enabling timely, targeted care to prevent readmissions or exacerbations. The company helps care managers more efficiently engage patients to be successful in value-based care.
"Epharmix is excited for the chance to partner with Colorado-based safety net providers to support patients and their care teams," said Epharmix CEO Blake Marggraff. "Our remote patient engagement technology is especially powerful for organizations focused on a combination of behavioral, chronic, and social determinants of health."
"We are looking forward to helping Prime Health's host institutions provide even more scalable, financially sustainable, and high quality care for the patients who need it most."
Medecipher helps hospitals navigate operational decision making. Founded by the former managers of an academic emergency department and industrial engineers, the company understands patient flow, throughput, and the operational reality of emergency departments.
Medecipher’s flagship product is an early detection software and services platform for emergency department leaders. According to the company, the product promptly delivers a return-on-investment by reducing flex staffing costs and recapturing walk-out volume.
“At Medecipher, we recognize that determining appropriate nurse staffing is a major challenge for all hospitals,” said Stephanie Gravenor, CEO of Medecipher. “However, this is issue is especially challenging for critical access and safety net hospitals, who must continuously adapt their nursing care and skills to an environment with wide fluctuations in census, acuity, and care needs.”
“Medecipher introduces a proactive staffing approach that promotes high quality patient care while being mindful of the financial constraints facing the organization.”
Golden is financial health and benefits care for our fastest growing and most vulnerable population, our seniors. Golden enables providers to give senior-population patients and their families Golden’s How to Pay for Mom’s Care Program.
This proactive program checks seniors for means-tested government benefits qualification and drug discounts. It also allows family members to pay bills and manage money when their senior parents can’t due to hospitalization, dementia, or chronic care conditions.
About Prime Health
Prime Health is a business ecosystem of healthcare administrators, providers, technologists, academics, entrepreneurs and investors dedicated to improving healthcare delivery through health tech innovation. Prime serves as a community integrator, accelerating the adoption and implementation of evidence-based emerging technologies that enhance access to care, improve clinical outcomes and reduce costs. The organization operates Innovation programs and events that bring together community stakeholders to discuss industry needs, identify innovative solutions, and scale partnerships that drive meaningful outcomes. To learn more, visit: www.primehealthco.com.
About the Colorado Health Foundation
The Colorado Health Foundation is bringing health in reach for all Coloradans by engaging closely with communities across the state through investing, policy and advocacy, learning and capacity building. For more information, please visit www.coloradohealth.org.
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