Demo Day Gives a Glimpse into the Future of Healthcare
Apr 19, 2017 Cedars-Sinai Staff
Three months ago, 7 health-tech startups from across the country began startup bootcamp as part of cohort 2 of the Cedars-Sinai Accelerator powered by Techstars.
The companies have spent the last 90 days working with mentors and healthcare providers to rapidly develop and iterate on their innovations with a goal of transforming the future of healthcare. Yesterday the companies got the chance to showcase their work and celebrate their achievements.
"Demo Day" marks the end of the program for the cohort and gives the startups an opportunity to pitch their innovations to investors, mentors, and leaders in the healthcare field.
"It's exciting connecting these entrepreneurs who have great ideas and great products with people in healthcare who can help give real-life feedback that would otherwise take years to get on their own," said Omkar Kulkarni, director of the accelerator program.
Having worked out their nerves with days of practice, each company took the stage in Guerin Pavilion at Skirball Cultural Center one by one to present their work.
First up was Noteworth, offering software and services to help physicians bridge the data gap in healthcare by seamlessly uniting smart medical devices, data, and support into one platform that positions doctors to deliver more informed, efficient, and proactive care to patients.
They were followed by Frame Health, showcasing a tool that uses advanced personality analysis to identify which patients are unlikely to take their medications as directed and then creates tailored treatment plans for better outcomes.
Pitches continued with HealthTensor, which uses AI to automate physician documentation; healthcare finance platform HealthcareTTU; cloud-based referral management platform ReferralMD; and clinical staffing platform Cerebro Solutions.
Rounding out the day was Enso, which offers a wireless wearable device that uses electrical stimulation to provide drug-free pain relief.
"I was really impressed by the diversity and maturity of the cohort this year," said Dr. Shaun Miller, accelerator mentor and Cedars-Sinai associate chief medical information officer. "One thing that was clear across all their presentations was the tremendous amount of growth and experience they all gained from the 3 months in the accelerator."
"We really found ourselves as a company in this accelerator and it really helped us in incredible ways we didn’t expect."
In addition to $120,000 in seed money, the companies gained invaluable experience and support from Cedars-Sinai staff and other mentors interested in driving innovation in healthcare.
"We really found ourselves as a company in this accelerator and it really helped us in incredible ways we didn’t expect," said Nate Wilson, co-founder of HealthTensor. "We're so excited to go forward from this point."
Several companies are leaving the accelerator with agreements to keep working with Cedars-Sinai and every team will continue to expand their impact and strive to improve healthcare.
"We have this program so we can bring really innovative technology to our patients faster and more efficiently, improving quality of care and patient safety," Kulkarni said.
The accelerator was first launched at Cedars-Sinai in 2016 with a class of 11 companies. The next cohort is now accepting applications and will begin at the end of this year with a new crop of healthcare innovators.