New York, New York (PRWEB) October 24, 2013
StartUp Health, a global platform accelerating health and wellness innovation, showcased a broad spectrum of digital health companies during the New Venture Healthcare Challenge, which kicked off the Cleveland Clinic Medical Innovation Summit on October 14-16 in Cleveland, OH.
The diverse group of digital health startups which focus on solving some of the biggest healthcare challenges around chronic disease, presented to an expert panel of judges and a live audience who evaluated each company’s pitch and business model. The judges and audience then voted to determine the New Venture Healthcare Challenge winner, as well as several other awards including the Future of Medicine, the Clinician’s Impact, and the Social Impact awards.
Kinsa, a company building a platform for the world’s first system to track the spread of disease in real time, was named the New Venture Healthcare Challenge winner and also named the Business Model Award winner. StartUp Health company Aver Informatics, a digital health startup improving the design of aggregated health data for bundled payment models, improving healthcare costs and care, was also named a New Venture Healthcare Challenge finalist.
“It is an incredible honor to have Kinsa recognized as the New Venture Healthcare Challenge winner by the esteemed panel of judges, as well as our peers in the health and wellness innovation communities,” said Inder Singh, CEO and Founder of Kinsa. “We are grateful to StartUp Health and Cleveland Clinic for taking the time to honor this important network of entrepreneurs, so companies like ours can pursue our social mission of widespread access to an inexpensive product that will track and stop the spread of disease in real time.”
The seven companies recognized with awards at the Cleveland Clinic Medical Innovation Summit include:
AdhereTech Wins Clinician’s Impact Award
AdhereTech has built a patented smart pill bottle to improve medication adherence. The bottle automatically determines the amount of medication in real-time, and wirelessly transmits this HIPAA-compliant data to the cloud via Verizon network.
Aver Informatics Awarded New Venture Healthcare Challenge Finalist
Aver is a digital health startup improving the design of aggregated health data for bundled payment models, improving healthcare costs and care.
Care at Hand Wins Social Impact Award
Care at Hand empowers lay caregivers to detect early health decline leading to fewer admissions and better medication compliance. Home care workers answer simple surveys and algorithms trigger alerts to care coordinators. Care is managed outpatient and payers save money.
Kinsa Wins New Venture Healthcare Challenge and Business Model Award
Kinsa is creating a real-time map of human health, beginning with contagious illness. The mobile-enabled data will help parents keep children healthy.
Oxitone Medical Wins Clinician’s Impact Award
The Oxitone wrist-worn, pulse-oximeter device, continuously monitors blood oxygen, pulse rate, activity, sleep and breathing pattern and generates alerts in emergency situations to facilitate early clinical intervention.
QMedicWins Future of Medicine Award
QMedic is a wearable sensing platform that provides connectivity between seniors and caregivers. Worn as a wrist bracelet or neck pendant, QMedic passively monitors physical activity, sleep, balance, and falls in real-time.
WalkJoy Wins Future of Medicine Award
WalkJoy developed a ground-breaking portable, compact, discreet wearable device that aids in the restoration of gait and balance disorders due to peripheral neuropathy or other indications.
The expert panel of judges included: Esther Dyson, Chairman, Health Initiative Coordinating Council (HICCup), Martin Harris, MD, Chief Information Officer, Cleveland Clinic, Brian Harrison, Senior Healthcare Advisor, Cisco Systems, Inc., Stephen McHale, CEO, Explorys, Steve Lieber, CEO, HIMSS and Frank Papay, MD, Chair, Dermatology and Plastic Surgery Institute.
About StartUp Health
Startup Health, a global startup platform accelerating health and wellness innovation, represents a new model for helping entrepreneurs succeed in the health sector. StartUp Health is on a mission to to inspire, educate, and provide access for 1,000 digital health startups to re-imagine and transform healthcare by 2020. The StartUp Health platform includes the StartUp Health Academy, the StartUp Health Network, and the StartUp Health Innovation Fund. StartUp Health was founded by health tech entrepreneurs Steven Krein and Unity Stoakes and is chaired by former Time Warner CEO, Jerry Levin. The organization’s investors include leading health, technology and business minds: Mark Cuban, Esther Dyson, Roger Ehrenberg, Brad Feld, Richard Forman, Jason Finger, Linda Holliday, Jon Kaplan, Howard Krein, MD, PhD, Jon Miller, Jeff Stewart, and Wayne Kimmel. Learn more and apply at startuphealth.com and follow @startuphealth.