Today, Vator will be holding its second annual Splash Health event in Oakland, where speakers such as Ali Diab (founder and CEO, Collective Health), Lynne Chou (partner, Kleiner Perkins), and Vijay Pande (general partner, Andreessen Horowitz) will be talking about the state of the healthtech space, and where they think it’s going.
In addition, we’ll also be holding a startup competition, where some of the best, most innovative startups will pitch their ideas in front of top-notch VCs, angel and corporate investors, and high-tech influencers.
Here are the six finalists who will be presenting later today:
Lab Sensor Solutions is a sensor network platform that delivers real-time information on healthcare assets and gives customers the tools they need to increase efficiency, prevent medical errors and save lives.
The company increases patient safety while helping customers meet regulatory requirements, reduce costs and save lives. The opportunity for sensor networks and the data that they provide to positively impact systems and processes within healthcare is huge, and this is Lab Sensor’s focus.
The company’s initial product, T-Tracks™, is a real-time ‘Sensor as a Service’ solution that monitors perishable materials, like lab samples, blood and pharmaceuticals, in transit, and alerts customers before materials are compromised. T-Tracks™ meets a real need right now. Lab Sensor’s initial customers are seeing major benefits and the industry is waking up to the realities of increased regulatory enforcement and shifts in reimbursement policies that make this solution a must-have for the industry’s operations.
DocDelta is a talent engine for healthcare.
On average every hospital has 15% positions vacant, costing $200,000 per month in lost patient revenue. In addition, hospitals bear an immense cost of physician recruiters and temp wages while the positions remain unfilled. These systems spend billions on recruitment and retention practices that are neither scientific nor efficient.
DocDelta solves this problem by identifying the doctors with the itch to move jobs. We analyze terabytes of data to find top physicians, assess their flight risk probability, and create deep candidate profiles.
LIGHTHOUSE, from the American Diabetes Association, is a digital patient care program that brings together patients, their primary physician, extended care providers and our dedicated team of nurses, counselors and dietitians that will re-write the standards of care for people living with diabetes and elevate the impact of great self-management.
The company’s program is pre-approved for for a $500/year Medicare incentive and picks up where most diabetes protocols drop off — the moment a patient leaves their doctor’s office with a pile of great physician instruction, but with little guidance on how to translate their care plan into action. LIGHTHOUSE integrates into the existing patient/doctor workflow through the Electronic Medical Record (EMR) system and helps the care team identify opportunities for care. The connected patient program draws on the deep library of ADA expertise to slowly help patients develop core skills in diet, physical activity, adherence and logging.
Carrum Health is an innovative Bundled Payments marketplace for planned surgeries.
A major reason why healthcare is so expensive is the administrative overhead in the purchasing process. For every healthcare dollar spent, 40 cents is lost to health plans and other middlemen. By taking advantage of key regulatory changes brought on by Affordable Care Act, Carrum has identified a new business model that cuts down the transaction cost from 40 cents to less than 10 cents.
Carrum Health’s Bundled Payment marketplace draws a direct line between the supply (i.e. hospitals) and demand (i.e. employers and their employees) in healthcare. Through the company’s platform, self-insured employers and their employees can purchase planned surgeries (e.g., hip replacements) directly from top-quality hospitals. In doing so, Carrum delivers up to 50% savings to employers, dramatic improvements in the care consumption experience for employees and additional surgery volume to hospitals – making it a win-win-win for all stakeholders involved.
Bloom is designing the future of prenatal care with technology designed to improve the health of moms and babies.
The company combines wearable devices with data analytics to reassure moms and provide doctors with better information to improve birth outcomes. Bloom’s first product, Belli, measures the most important health parameters of mom and baby from conception to birth. This includes pregnancy specific information no other wearable can measure today (contractions, fetal movement, fetal heart rate). Moms receive personalized feedback on her baby and her body to take the guesswork out of pregnancy and provide much needed peace of mind.
Crediyo leverages big data and analytics to lower consumer out of pocket medical expenses.
The company works directly with patients to educate them on their financial responsibility, and work with medical practices to increase their collections and improve cash flow.
Crediyo helps patients pay for their out of pocket medical expenses (e.g. their deductible) by giving them access to completely customized, low interest credit products at the point of service. Additionally, Crediyo pre-funds healthcare providers on behalf of their patients, giving medical practices immediate access to cash flow. Crediyo’s analytics platform allows medical practices to identify and evaluate all patients’ propensity to pay- even those with limited credit histories. Overall, Crediyo creates a retail-like pricing, billing, and credit experience at the point of service, where prices are transparent, patients are rewarded with discounts for positive repayment behavior, and providers collect more.
Stay tuned for the winner, which will be announced later today!
