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Health-Tech Startups Thriving One Year After Graduating From Cedars-Sinai Accelerator

One year after graduating from the Cedars-Sinai Accelerator powered by Techstars, several health-tech startups are swiftly expanding their innovations into hospitals and other healthcare settings for the benefit of patients.

Eleven companies completed the three-month accelerator program last year, and have since begun to make inroads among healthcare providers in the United States and overseas. By utilizing Cedars-Sinai’s mentors and tapping into Techstars’ network of entrepreneurs and tech experts, these companies have been able to accelerate their growth.

The second accelerator class graduated in March, and the accelerator is now accepting applications for its third class. The deadline is June 9.

 “We want to turn ideas into breakthroughs that ultimately lead to better care and better health for patients,” said Darren Dworkin, chief information officer at Cedars-Sinai.

Among the companies in the first accelerator class is WELL, a messaging app that helps administrators and care coordinators reach patients between visits. A year ago WELL had just one customer. The software has since been rolled out to more than 120 clinics and doctor’s offices at Cedars-Sinai. The company also is now connected to 48 other healthcare provider organizations.

“Before starting the accelerator program, our reach in healthcare was 0.00001 percent,” says cofounder Guillame De Zwirek. “The difference is amazing.”

Other accelerator graduates include Stasis Labs, creator of a bedside health monitoring system that connects to the cloud, allowing doctors to intervene before patients experience critical events. Stasis Labs is expanding to overseas markets, including several large cities in India, and was recently featured in INC as one of the top 30 global emerging companies of 2017 as selected by the Kairos Society, a nonprofit that helps fund young entrepreneurs.   

Another successful graduate getting significant traction and accolades is Deep 6 AI. It finds patients for clinical trials in minutes, bringing lifesaving treatments and cures to patients faster. The company has signed several hospitals and contract research organizations since completing the accelerator program. Deep 6 AI also won the Enterprise and Smart Data category at the South by Southwest® Conference & Festivals 2017 and met with former Vice President Joe Biden to discuss how it can play a role as part of the Biden Foundation Cancer Initiative. 

Another accelerator graduate, Inscope Medical, recently received FDA clearance for a new disposable video laryngoscope that improves and speeds up intubation, and is now poised to capitalize on various health system relationships it made during the program. The company has begun a limited market release in four hospitals and is preparing for a nationwide launch this fall.

A fourth accelerator company, Silversheet, has built a web-based platform that simplifies hiring and onboarding for doctors and other healthcare professionals. The company now has more than 100 customers around the country, including hospitals, urgent care centers and surgical networks, more than doubling its number of users in the last year. It recently launched a hiring solution to help facilities identify and hire the best staff.

Applications for the Cedars-Sinai Accelerator Powered by Techstars Are Open

There’s never been a more exciting time to be a healthcare tech entrepreneur.  According to CB Insights, funding for digital health startups reached $6.6B in 2016, up from to $5.9B in 2015. But building a healthcare technology company is hard.

Though the opportunity is enormous, and you have the ability to literally save lives, the industry is complex, subject to shifts in political climate and not known for rapid change. Nothing is more valuable (and harder to obtain) than access to a large, engaged, health system that not only wants to provide resources to help your company grow but also potentially buy your product.

Last year, our first class graduated from the Cedars-Sinai Accelerator powered by Techstars and the outcomes were phenomenal. Through the program the companies created deep relationships with stakeholders and decision makers at Cedars-Sinai, which resulted in multiple long term commercial deals. Moreover, the companies collectively raised over 11 million dollars post program in VC financing from top VC’s.

Our second class (which is currently in program) is showing equally strong potential.

I am very excited to share that the Cedars-Sinai Accelerator powered by Techstars will be running its third class in Los Angeles starting September 12, 2017. Applications are now open and will close June 9th.

https://www.f6s.com/techstarshealthcareaccelerator/apply

If your company is creating hardware, software, medical devices or services that empower patients and healthcare professionals to track, manage or improve healthcare delivery, we want to meet you.

We will update this page shortly with dates and locations for webinars, meetups and office hours. If you are in LA, the Bay Area, Chicago, Nashville, Toronto, New York, Boston, Seattle or Houston, we would love to meet you in person.

- Matt Kozlov, Managing Director

 

Pre-Recorded Webinar:

In-Person Office Hours:

In-Person Info Sessions:

Applications are open!

Building a healthcare technology company is hard.  Though the opportunity is enormous, and you have the ability to literally save lives, the industry is complex and not known for rapid positive change.  Nothing is more valuable (and harder to obtain) than access to a large, engaged, health system that not only wants to provide resources to help your company grow but also potentially buy your product.  This Spring, the first class graduated from the Techstars Healthcare Accelerator, in partnership with Cedars-Sinai, and the outcomes were phenomenal.  All 11 companies signed deals with Cedars-Sinai, and collectively they have raised several million dollars in VC financing from top VC’s.

 

I am very excited to share that the Techstars Healthcare Accelerator, in partnership with Cedars-Sinai, will be running its second class in Los Angeles starting January 17, 2017.  Applications are now open and will close October 15th.

 

https://www.f6s.com/techstarshealthcareaccelerator/apply

 

If your company is creating hardware, software, devices, or services that empower patients and healthcare professionals to track, manage, or improve healthcare delivery, we want to meet you.  Our first class was a phenomenal success, and we can’t wait to see who applies for our second.

 

We will update this page shortly with dates and locations for webinars, meetups and office hours.  If you are in LA, the Bay Area, Chicago, Minneapolis, London, New York, Washington D.C., Boston, Toronto or Nashville, we would love to meet you in person.

 

- Matt Kozlov, Managing Director


Pre-Recorded Webinars/Info Sessions:

    • General

    • Q & A with 2016 Program Alumni

    • Panel Discussion with Cedars-Sinai Executives

Live Webinars:

    • September 15

In-Person Office Hours:

    • Nashville: August 23

    • Los Angeles: September 1, September 14

    • New York: September 7, September 8

    • Chicago: September 20, September 21

    • London: September 27

    • Bay Area: September 14, September 26, September 27

    • Seattle: September 29

    • Vancouver: September 29

In-Person Info Sessions:

    •Austin: August 25, 6-8 PM CDT

    • New York: September 7, 6-8 PM EST

   • Chicago: September 19, 6-8 PM CT

    • Seattle: September 28 6-8 PM PST, September 29 6:30-8:30 PM PST

    • Bay Area: September 14, 5-7:30 PM PST, September 26 Late Night Happy Hour (8:00-10:00 PM PST)

    • Toronto: October 5, 5-7 PM EST

    • Vancouver: September 30, 9:00-11:00 AM

Becker's Health IT & CIO Review

Meet the 11 Healthcare Startups Featured in Cedars-Sinai's Upcoming Demo Day

Hospitals and health systems increasingly see the value in seeking innovations and new platforms for delivering more efficient care outside the walls of their institutions. More often, that value is coming from the partnerships formed between legacy providers and startups, exemplified in the upcoming 2016 Techstars Healthcare Accelerator Demo Day, developed and curated with support from Los Angeles-based Cedars-Sinai Health System.

Demo Day will take place on June 23, with 11 digital health startups participating. Each company will receive a number of awards, including up to $120,000 in investment, access to Cedars-Sinai resources, mentorship and an opportunity to pitch their platforms and concepts to a variety of healthcare stakeholders.

The 11 companies selected to participate in the 2016 Techstars Healthcare Accelerator include: