On 10/26/15 I met 12 StartUp Health companies at the Cleveland Clinic. This annotated presentation shows where these companies are today in terms of activity and funding status. Some encouraging reading (See slide 15 summary)
2. Introduction
• 12 ‘Startup Health’ Startups were showcased
at Cleveland Clinic innovations
• Each were given just 1 minute to present
• An overview of the 12 startups follows
Updated 2/22/19 to see
how these companies are
doing
Source: Crunchbase
3. BABYSCRIPTS
For obstetrics practices that
want to improve clinical
outcomes. Remote monitors
patient in-between visits
• Combines clinical care with a
mobile solution in prenatal care
market
• Business model. SaaS
business, via group providers
on a fee for patient basis
4. LifeBio
For senior care and health care
providers/payers that struggle
to see patients holistically,
beyond just their physical
needs
• Captures patient biographical
data via app and web platforms
• Aims to improve patient/ clinical
relationships, reduce loneliness
and help fulfill Medicare
requirements related to mental
health
• Business model: Saas
business, revenue from care
providers / caregivers /
consumers on a licensing basis
5. AB PATHFINDER
For autism therapy centers that
lack real time insights and
control over therapy delivery
• “one stop shop” for in-depth
data collection and outcomes
measures
• Live in over 122 therapy
centers & 6000+ patients
• Business model: Saas, revune
from therapy centers on a
subscription basis
*In 2016 ABPathfinder acquired Ensure
Billing. The new entity has since been know
as ‘Pathfinder Health Innovations’
6. caremerge
For healthcare providers and
payers who face increasing risk
in tracking patients’ wellbeing
into post-acute care
• Allows all stakeholders to get
relevant automated alerts and
intervene in a timely manner for
improved outcomes
• Allows creation of rules based
on triggers, eg 5lb weight gain
for CHF
• Business model: Saas +
subscription
7. ecofusion
Disease prevention and
management app that
streamlines the process of care
delivery
• Example use in diabetes
patients to change behavior
and modify eating binges
• Clinically proven in weight loss
and reduction in A1C
• Business model: Saas +
subscription via clinics,
hospitals and payors
8. Cerora
For clinicians who are
diagnosing concussion, a
multimodal biosensor solution
• Supports better more objective
decisions around concussion,
improving outcomes and
saving money
• Uses multiple data sources and
analytics to increase diagnostic
accuracy in real time
• Business model: Saas +
subscription via payors,
providers and athletic
institutions
9. UnaliWear
First all-in-one, voice controlled
watch to support seniors
• Provides on-call emergency
assistance, support for falls,
medication reminders and
guard against wandering
• Does not require a smart phone
• Designed as all in one solution
that elderly patients prepared to
wear (ie non stigmatizing)
10. RespondWell
Telerehabilitation platform to
help rpovders improve financial
and clinical outcomes
• Telemedicine system that
employs motion sensors and
3D exercise animations ar
home
• Video records patient to assess
performance and provide
clinician with insights
• Business model: Saas on a
subscription basis
11. SKINDROID
For athletes and health
consumers who want to monitor
their metabolic, electrolyte, pH,
hydration and cellular
respiration levels
• A wearable biosensor that
detects various bio-molecules /
electrolytes from a users sweat
• Cross platform integration
possible
• Business Model: Saas / Paas
buisness, revenue from
pharma, software and tech
vendors.
12. MedXCom
Automated medical answering
service
• Handles the challenge of
mishandled, embarassing and
lost night calls
• Combines live operator
experience with a mobile app
to track and manage patient
calls.
• Subscription model, on a
physician basis
13. Voyager Med
For travelling patients, an online
marketplace that connects
patients with a curated network
of US doctors
• Provides patients access to
search and book appointments
with US clinicians
• Subscription model from
providers on a per patient basis
14. punctil
Healthcare punctuality service
to increase efficiency caused by
missed appointments
• Lets practice know who is en-
route for appointments
• Can charge for missed
appointments
• Can reshedule / offer up
cancelled or missed
appointments to other patients
15. All 12 companies are still going, 4 have since had
significant funding injections and another 4 report a
healthy revenue without additional funding
Babyscripts Going Strong $13.7M $2.1M Seed $1.2M
LifeBio Still Active None additional $80K Seed $6.4M
Pathfinder HI* Going Strong $2.4M $2.9M (Series A) Not available
CareMerge Going Strong $14.4M $6.1M (Series B) $5M
Ecofusion Still Active None Additional Seed (undisclosed) Not available
Cerora Still Active None Additional Seed (undisclosed) $7.5M
Unaliwear Going Strong $6.9M $200K Seed Not available
RespondWell Still Active None Additional Seed (undisclosed) $5M
Skindroid Still Active None Additional Seed (undisclosed) Not available
MedXCom Still Active None Additional Seed (undisclosed) Not available
Voyager Med Still Active None Additional $200K Seed Not available
Punctil Still Active None Additional $18K Seed $7.5M
*Full name: Pathfinder Health Innovations