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Breakthrough Health-Tech Companies Get Boost to Transform Healthcare

Latest Class of Startups in Cedars-Sinai Accelerator Powered by Techstars Focus on Improving Patient Experience, Coordinating Care Decisions by Doctors and Patients, and More

Los Angeles (Sept. 19, 2017)Cedars-Sinai today launched its third health-tech accelerator class with 10 startups whose innovative technologies aim to transform the delivery and quality of healthcare.

The companies were selected for the Cedars-Sinai Accelerator Powered by Techstars, an intensive, three-month program providing financial backing, training and exposure to a global entrepreneurial network that can speed ideas and solutions to the healthcare marketplace.

The startups will develop and refine their products with mentoring from leading Cedars-Sinai physicians, as well as executives from Cedars-Sinai and Techstars, an organization that works with entrepreneurs to successfully cultivate their ideas. The companies also will receive an initial investment of $120,000 and access to Techstars’ worldwide network of investors, mentors, alumni and corporate partners.

Through their innovations, the companies seek to address some of healthcare’s most pressing challenges, particularly the experience of patients. Tasso, for example, makes blood testing simpler and more affordable through its device that allows patients to collect their own blood samples at the push of a button and send to labs for a broad range of diagnostic tests.

NarrativeDx has developed a patient experience management tool that allows facilities to better understand and respond to feedback and concerns by collecting patients’ comments from focus groups, discharge surveys, social media channels and doctor review sites.

GYANT, an artificial intelligence bot, uses text messaging or voice-enabled technology to connect with patients and ask about symptoms in a chat setting. Based on responses, it helps identify probable causes of particular conditions and provides information and next steps.

Lumeon’s automated care pathways allow providers to set up protocols to ensure that patients get the right follow-up care based on advice they’ve received and procedures they’ve undergone. It allows physicians to provide more effective health outcomes at a lower cost.

(To see the  full list of companies selected for the Cedars-Sinai Accelerator Powered by Techstars, click here.)

“The innovations these companies bring to the accelerator have the potential to dramatically improve and streamline the delivery of healthcare,” said Darren Dworkin, chief information officer at Cedars-Sinai. “Through this program, these companies will test and improve their ideas. By working with world-class physicians, they will advance their technologies and push their companies to the next level.”

The companies were selected in a competitive process among hundreds of startups around the globe that applied.

“I’m excited to mentor and work with these pioneering startups,” said Matt Kozlov, managing director of the Cedars-Sinai Accelerator Powered by Techstars. “Techstars helps entrepreneurs succeed and through our partnership with Cedars-Sinai, more than 30 companies have accelerated their growth. It’s exciting to welcome the new startups to our program.”

Past company participants in the accelerator have achieved notable success, including Inscope Medical, which completed FDA registration for its high-tech disposable laryngoscope in April; Stasis Labs, which has successfully deployed a cloud-connected vital signs monitoring system to 12 hospitals across India.; WELL Health, a text messaging platform for patients used by more than 120 physician offices and clinics at Cedars-Sinai; and Deep 6 AI, which uses artificial intelligence to help researchers find patients for clinical trials, and is deploying across Cedars-Sinai.

 

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About Cedars-Sinai

Cedars-Sinai is a leader in providing high-quality healthcare encompassing primary care, specialized medicine and research. Since 1902, Cedars-Sinai has evolved to meet the needs of one of the most diverse regions in the nation, setting standards in quality and innovative patient care, research, teaching and community service. Today, Cedars-Sinai is known for its national leadership in transforming healthcare for the benefit of patients. Cedars-Sinai impacts the future of healthcare by developing new approaches to treatment and educating tomorrow’s health professionals. Additionally, Cedars-Sinai demonstrates a commitment to the community through programs that improve the health of its most vulnerable residents.

 

About Techstars

Techstars helps entrepreneurs succeed. Through the Techstars Worldwide Entrepreneur Network, founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates four divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and the Techstars Venture Capital Fund. More information at www.techstars.com

 

Cedars-Sinai Accelerator Gives mHealth Startups a Boost

Cedars-Sinai Accelerator Gives mHealth Startups a Boost

Healthcare is ripe for disruption and one of the largest U.S. hospital systems is picking up the pace of investing in nascent firms in the mHealth space. Cedars-Sinai is the largest independent academic medical center in the Western U.S. and it is scheduled to soon begin its third cohort in the Cedars-Sinai Accelerator Powered by Techstars.

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.