Nine healthcare startups are poised for growth on the heels of the DreamIt Health Philadelphia 2014 accelerator program, which draws to a close this week.
The participating companies, selected by DreamIt Ventures, Independence Blue Cross and Penn Medicine, received $50,000 each in seed capital along with four months of hands-on support and resources to develop their ideas into scalable companies with high-growth potential. The companies pitched to investors, industry leaders and potential customers last week.
“Philadelphia has all the right components to become a national magnet for healthcare innovation,” says Independence President and CEP Daniel Hilferty. “Through this unique joint venture, we’ve already brought several promising, unique, young companies to Philadelphia, and we look forward to seeing the results of this year's program come to life at Demo Day.”
DreamIt Health Philadelphia 2014 participating companies include:
BioBots, a Philadelphia startup, offers plug-and-play desktop 3-D bioprinters, enabling users to easily create functional biological structures.
Philadelphia's Drop Diagnostics enables rapid mobile disease detection using only a drop of blood.
NarrativeDx from Austin, Texas, provides healthcare administrators and clinicians with actionable insights from patient experiences to improve care and reduce the risk of losing millions of dollars in reimbursements.
Bear, Del.'s RegDesk connects mobile health, medical device and biopharma companies with the largest global network of on-demand compliance experts, eliminating delays and expense in launching their products.
Pittsburgh's RistCall helps hospitals improve patient safety and satisfaction scores by replacing traditional wall-mounted nurse call-bell systems with wearable, connected devices.
Tissue Analytics from Baltimore turns the common smartphone into a sophisticated medical imaging and diagnostic platform for chronic wounds.
TowerView Health offers payers and other risk-bearing entities a service that improves patient adherence to multiple medications using a next-generation connected pillbox. The company is based out of Chicago, Ill., Houston, Texas, Washington, D.C., and San Francisco, Calif.
TrueClaim, based in both Philadelphia and Jacksonville, Fla., helps health plans engage their members to substantiate claims and prevent billing errors, waste, fraud and abuse.
Philly's Willseeyou has developed predictive scheduling software that helps clinics boost their bottom line by booking more appointments, reducing inefficiencies and improving the patient experience.
Additionally, two companies born out of the Children's Hospital of Philadelphia are participating in DreamIt's Open Canvas@CHOP program:
Haystack develops analytics and monitoring solutions that help hospitals detect, investigate and report patient privacy breaches.
3D Peds is currently operating in stealth mode.
Source: DreamIt Health Philadelphia
Writer: Elise Vider