Using Tech to Improve Health Care
Finalists compete in the Prime Health Challenge for a chance to pilot solutions at Colorado health care institutions
On October 19, Denver will host the Prime Health Challenge, a “Shark Tank” style pitch competition during which six health technology companies will pitch live to a panel of host institutions for an opportunity to prove their solutions in clinical settings. A share of the $150,000 provided by the Colorado Health Foundation will be awarded to the winners with a special “safety net” prize of $45,000 focused on supporting underserved markets.
While former Google employees may be rushing to solve problems in the health-care industry, the reality of integrating into a complex system, makes it extremely challenging to innovate. For these entrepreneurs, early access to pilots is pivotal to developing and improving solutions.
Early this summer, individuals from across the country submitted applications to compete in the Prime Health Challenge. During the past three months, industry experts have evaluated proposals through the Prime Health Qualify process and narrowed the list to six finalists who will compete next Thursday at the EXDO Event Center.
“Competing in the Prime Health Challenge enabled us to identify our strengths and areas for growth,” says Scott Fowle, CEO of Preventative Technology Solutions Inc., one of the winners of the 2016 Prime Health Challenge. “Interacting with key leaders in health care gave our company advantages by improving the visibility of our brand and helping us better understand our customers.”
Throughout the past four years, the Prime Health Qualify system has evaluated 165 applications and 15 pilots launched as a result of the process.
This year’s finalists are a testament to the diversity of problems that technologists hope to solve in the health-care space.
The 2017 finalists include:
AI Health has created a platform that improves communication between hospitals and post-acute care settings, alleviating the frustrations that currently exist for patients being moved between facilities.
Cliexa allows patients to track their chronic disease activity and assists clinicians in making more informed decisions about treatment plans so their patients will have fewer complications or side effects.
Listen.MD is focused on relieving providers of the burdensome tasks associated with data entry. The company has created the first artificial intelligence based Digital Scribe™ that allows providers to focus on personal interactions with patients.
Nymbl has developed a comprehensive system for measuring, tracking and, most importantly, improving balance. The company offers a range of balance tools for health providers, including fall risk assessments, digital balance evaluations and balance training interventions that can be used in a clinical setting or at home.
Redox provides health systems with a platform that acts as a single access point for all cloud-based applications, allowing organizations to easily integrate new technologies with their existing systems.
Ride Health provides a solution to assist health-care providers in coordinating transportation for patients who face barriers to care have expanded options thanks to a new government rule that was introduced just a few months ago.
About Prime Health
Prime Health is a business ecosystem of health-care administrators, providers, technologists, academics, entrepreneurs and investors dedicated to enhancing health and health-care delivery through technology innovation. Through its suite of products and services, Prime Health serves as an innovation integrator, accelerating the adoption and implementation of health technologies that reduce costs and improve outcomes. To learn more, visit: www.primehealthco.com
Registration for the event is available at http://bit.ly/2017PHChallengeSharkTank.