Techstars Healthcare Accelerator, which works with entrepreneurs to bring new technologies to market, has announced a partnership with Cedars-Sinai and revealed the 11 companies that have been selected to participate in its inaugural class. From mobile health solutions to new devices and disruptive services, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program.
The three-month accelerator will offer mentorship and guidance from Cedars-Sinai doctors, nurses and executives along with investors and entrepreneurs from the Techstars network and the healthcare industry. The collaboration aims to help technology innovators turn their ideas into breakthroughs that can improve the lives of patients in LA and around the world.
Shaun Miller, MD, who serves as medical director of inpatient clinical technology at Cedars-Sinai, shared his perspective as part of the mentor team: “There has been tremendous enthusiasm from the Cedars-Sinai physician community to participate in the Techstars Healthcare Accelerator. With over 2,000 members on the Cedars-Sinai medical staff, there is broad interest in mentorship from many different medical specialties and variety of practice types. Seeing this unique collaboration on our doorstep has really sparked our entrepreneurial spirit, which has been evident by the hours spent attending the kick-off sessions and even beginning to put in some real work with the accelerator companies. I think it both validates Cedars-Sinai as an innovative health system in their eyes, and seems to support out-of-the-box thinking that Cedars-Sinai physicians can carry forward in their own practices when trying to tackle some of healthcare's daunting problems they are facing on a daily basis.”
When asked about local physician impact by this program, Dr. Miller stated, “I certainly believe that this will be eye-opening for physicians who participate in the program as a mentor. I think it will be humbling to see how difficult it is to tackle even some of healthcare's simplest pain points, but also inspiring as they learn how these companies creatively develop and apply technology to solve healthcare problems. Some physician mentors are extremely tech-savvy, and some have no formal exposure to cutting-edge technology and/or tech start-up companies, but I'm sure this collaboration will foster the development of multiple novel applications that nobody has thought of before. I anticipate that mentors will embrace this opportunity to see what possibilities there are for applying novel technologies in their own practice. This will likely take the form of facilitating pilots for accelerator companies in their own practice setting, or might even lead them to develop applications of their own. I wouldn't be surprised if we see Cedars-Sinai physicians applying to be a part of future Techstars Healthcare accelerator classes with a company of their own!”
In an interview with PNN, Omkar Kulkarni, director of the Healthcare Accelerator program at Cedars-Sinai, explained how these 11 companies were chosen. “We cast a broad net and received applicants from across the healthcare spectrum. We decided to choose these 11 companies because they are all very unique, which allows us to work with a range of tech solutions impacting different sectors of the healthcare space. Techstars is always focused on the team behind each company – their first three priorities are team, team and team."
“All of the companies participating in the accelerator are pushing the envelope to transform the healthcare delivery system,” said Darren Dworkin, chief information officer at Cedars-Sinai. “We are proud to be partnered with Techstars and their mission to empower entrepreneurs to bring the best new technologies to market. We are excited to extend this mission to the healthcare ecosystem.”
In a statement, Techstars said, “This is the first year that Techstars has partnered with Cedars-Sinai, and we’re fortunate to have over 100 incredible mentors. Thank you, mentors! We’re grateful for your support, time and guidance. We couldn’t do it without you. We know that 2016 is going to be an amazing year for Techstars, Cedars-Sinai and Los Angeles.”
The first seven of the 11 listed startups selected to participate in the 2016 program are LA-based companies. The 11 startups are:
Applied VR - Applied VR provides a virtual reality platform that focuses on enhancing patient experience, increasing efficiency and maximizing healthcare value. The initial perioperative platform is designed to engage the patient during all stages of procedures in hospitals and surgical centers, offering patients drug-free alternatives to manage pain and anxiety associated with medical procedures. (LA-based)
HomeHero - Santa Monica-based HomeHero is a tech-enabled, non-medical home-care provider helping families find, hire and manage high-quality home care for seniors. It serves Los Angeles, Orange County, San Diego and the San Francisco Bay Area.
Stasis Labs - Stasis Labs, founded by USC Vertibi students, offers portable continuous health monitoring, allowing doctors, members of care teams and family members to identify clinical changes and intervene before a critical event.
Ella - LA-based Ella is a mobile health platform that uses mindfulness programs to help patients with pain better manage their symptoms.
Grace - San Bernardino-based Grace is comprehensive, technology-driven concierge service for families managing end-of-life care, helping families deal with loss, funeral logistics, etc.
Deep 6 Analytics - Pasadena-based Deep 6 analyzes unstructured data to build cutting-edge artificial intelligence applications for healthcare. This allows all health data to be distilled into key elements such as symptoms, treatments, test results and demographics while masking protected health information.
Silversheet - LA-based Silversheet is a talent management platform, empowering healthcare facilities and medical staff to work together and connect. It is a platform for medical staff credentialing, connecting doctors to healthcare facilities, streamlining workflow and improving outcomes.
Inscope Medical - Inscope Medical Solutions, founded out of the University of Kentucky, is a disposable low-cost video laryngoscope that is the first all-in-one intubation solution to provide a clear view of every airway.
WELL Health - WELL Health is a secure patient-to-provider communication platform that helps physicians and their offices connect with patients between visits.
ZendyHealth - ZendyHealth is a digital health marketplace where patients can bid and name their own price on standardized health and dental services to get quality, affordable care.
Yosko - Yosko is a care coordination platform for hospitals that improves team collaboration, transitions of care and efficiency in procedural areas.
For more information on the Techstars Healthcare Accelerator, in partnership with Cedars-Sinai, visit:http://www.techstarscedarssinaiaccelerator.com/