Philadelphia-based venture fund and accelerator DreamIt Ventures announced this week that it has selected five startups to be part of its Fall health tech cohort.
The five companies were selected from more than 400 applications that DreamIT received.
“The companies in this cohort are solving many big and urgent problems that providers and payers are focused on,” said Adam Dakin, managing director of health at DreamIt, in an email. “The response from our enterprise health system partners has been very encouraging.”
He explained that once the companies complete the program. DreamIt makes a decision on which to invest in through its fund.
“Our ‘secret sauce’ is that we get to know the companies very well during the program, which results in very informed investment decisions,” Dakin declared.
The companies selected, in alphabetical order, are:
Medifies
Medifies, based in San Francisco, helps hospitals communicate with family and caregivers to patients during medical procedures to keep them in the loop. This ability can have a positive impact on patient satisfaction scores.
Prior to being selected part of DreamIt ‘s cohort, Medifies has been part of the Texas Medical Center’s accelerator (TMCx).
Neuroflow
The Philadelphia startup is focused on behavioral health and helps specialists, as well as primary care physicians and payers, improve patient outcomes. That in turn helps to better engage patients and boosts their overall wellness.
Earlier this year in April, NeuroFlow won the health IT track of the 2019 INVEST Pitch Perfect contest that occurs in conjunction with the INVEST conference hosted by MedCity News.
PaceMate
PaceMate, based in Bradenton, Florida is all about cardiac remote monitoring. Specifically, the software tool is designed to help providers better track patients implanted with a cardiac rhythm device such as a pacemaker or a defibrillator.
The company believes that currently there is no easy way to manage the voluminous data being produced by implantable cardiac devices. PaceMate has attempted to solve that problem by creating a web-based platform that is device agnostic and can pull in data and crunch them to identify the highest risk patients in a dashboard format.
Precision Image Analysis
Medical imaging has been getting a digital makeover in the past few years and Precision Image Analysis (PIA) based in Seattle. The company has developed a cloud-based 3D image post-processing service for MRI and CT studies and claim that this provides a “significant advantages over in-house imaging labs.”
In other words, hospitals and health systems and other healthcare organizations can avoid having to spend money on expensive hardware and software and simply outsource to PIA.
SurvivorPlan
A Survivorship Care plan is one that cancer patients receive once their treatment ends. It contains a summary of their care along with any recommendations their care team has for future, follow up care.
Chicago-based SurvivorPlan aims to provide a digital makeover of this and helping cancer care centers maintain accreditation with the Commission on Cancer. The startup has developed a web-based program that it believes is evidence-based, patient-centered and improves the experience of patients.
Picture: marchmeena29, Getty Images
