October 21, 2014 - The HealthTech Conference once again gathered around 500 of the brightest minds in Healthcare and Technology last week at the two-day event in San Mateo, CA. Hosted by Anne DeGheest and Don Ross of HealthTech Capital, the conference explored how to build sustainable HealthTech Businesses by bringing together the best minds from the existing healthcare stakeholders with investors and creative entrepreneurs. The yearly gathering convened HealthTech leaders to discuss the greatest industry pain-points and define best approaches to change healthcare delivery in the changing payment system and realignment of risk between employers, payers, providers, physicians and ultimately the consumers!
One of the major opportunities discussed by panelists was the need for increased collaboration between hospitals, established industry players and entrepreneurs to improve healthcare delivery models through technology innovation and partnerships. In line with this theme, HealthTech Conference hosted a Start-up Venture Competition intended to identify innovative companies that leverage technologies to change healthcare delivery, decrease cost and empower patients. Live at the event, three start-up founder finalists, Vitreous Health, Frame Health and iHuman Patients presented their companies and received feedback from the Venture Panel, including: Joel Krikston of Merck Global Health Innovation Fund, Wende Hutton of Canaan Partners, Casper de Clercq of Norwest Venture Partners and Jonathan Root of U.S. Venture Partners.
"HealthTech Capital attracts the best of emerging technology companies from all over the country along with the leading venture firms, innovative enterprise customers and potential partners. It is quickly becoming the top healthcare technology platform for companies that want to increase visibility among HealthTech leaders, especially for young companies like VitreosHealth, which is based outside the Silicon Valley, said VitreosHealth® Founder and CEO, Jay Reddy.
HealthTech Capital is excited to announce that Vitreos Health won our 2014 award for Most Promising HealthTech Company and Accel Diagnostics won The People's Choice!
From left: Don Ross, Jay Reddy, and Anne DeGheest
VitreosHealth provides population health predictive analytics that solve three major customer pains by:
"Vitreos Health was a finalist at last year HealthTech venture competition and made such great progress in the last 12 months that it clinched this year's Winner award! Jay Reddy, Vitreos Health CEO, was impressive in showing the progress they made with their advanced population management tools for healthcare providers and payers," said Anne DeGheest, founder of the HealthTech Conference and managing director of Healthtech Capital
- Identifying 3-4 times more patients early in the chronic disease cycle, prior to the onset of a complication that needs a high cost intervention
- Providing risk factors, gaps-in-care and care recommendations information at the right point of care to increase care team productivity by 28%.
- Helping measure the performance of their care management programs to identify programs that are working in bending the cost curve early on, and not wait till the end of the year
"This award is an endorsement to the innovative work our customers like GlobalHealth, Alliance Community Hospital, Patient Physician Network and Children's Health Dallas are doing in bending the healthcare cost curves. We are proud to be a part of their ecosystem in this journey.
HealthTech Capital attracts the best of emerging technology companies from all over the country along with the leading venture firms, innovative enterprise customers and potential partners. It is quickly becoming the top healthcare technology platform for companies that want to increase visibility among HealthTech leaders, especially for young companies like VitreosHealth, which is based outside the Silicon Valley" said VitreosHealth® Founder and CEO, Jay Reddy.
VitreosHealth® is the only population health analytics provider leveraging EMR clinical data along with claims, household analytics and incorporates social media data to develop predictive models to flag high risk 'mover' population cohorts. The analytics delivered by VitreosHealth® enables 5-6 times the return (ROI) for our customer's investments. VitreosHealth offers "risk-based" pricing, wherein customer pays only upon reaching the targeted guaranteed savings.
Accel Diagnostics won the prestigious People Choice Award selected by a 500-person audience voting for the most exciting exhibiting company!
From left: Don Ross, Alberto Gandini, and Anne DeGheest
"Although it was a tight race between the 47 exhibitors, Accel Diagnostics inched away in the final count to win the People Choice Award of the 2104 HealthTech conference," said Anne DeGheest, Founder of the HealthTech Conference and Managing Director of HealthTech Capital. We want to support these companies by bringing visibility to their proven models and connecting them to the right players. It is my pleasure to award Accel Diagnostics the People's Choice award! Voted by our audience"
AccelDx offers a paradigm shift in the way people manage chronic conditions, starting with Heart Failure (HF). AccelDx's hf360Care™Monitoring System is the patient centered solution to the pain, cost, and high rate of heart failure readmissions. The hf360Care™ allows patients to self-test - anytime, anywhere - and enables physicians to manage patients remotely and monitor treatment efficacy and compliance. hf360Care™ expands access outside the clinics/labs to medical grade diagnostic tests for disease-specific biomarkers - beyond glucose. AccelDx is currently seeking additional clinical partners to expand its technology adoption.
"We are thrilled to win the People's Choice at HealthTech Conference 2014. AccelDx's mission is to provide to the millions of people affected by chronic conditions the right tools to live a better, healthier and comfortable life. The support and interest of so many people comes as a strong encouragement and support of our hard work," said Alberto Gandini, Co-founder and CEO, Accel Diagnostics
The Most Promising HealthTech Company of 2014
Applicant companies, ranging from prototype to early revenue, were carefully screened, to exhibit and enter the venture competition. After reviewing company materials and visiting the 47 companies in the Exhibitor Hall, the venture judges selected 3 finalists to present on stage. These finalists Vitreous, Frame Health and I-Human Patients presented their HealthTech solutions, followed by a Q&A with the judges. The judges selected Vitreous Health as the Most Promising HealthTech Company of 2014. The selection criterion for the Most Promising HealthTech Company was the likelihood of building a sustainable business.
The People's Choice
In the Exhibitor Hall, conference attendees met entrepreneurs and explored the latest HealthTech products and services. All our attendees received a ballot to vote for the most exciting exhibiting company. Most attendees voted, and when the ballots were counted, Accel Diagnosticswon The People's Choice after a tight race between exhibitors.
About HealthTech Capital
HealthTech Capital is a group of private investors dedicated to funding and mentoring new "HealthTech" start-ups at the intersection of healthcare with the computer and mobility worlds. HealthTech Capital has created a new ecosystem with leading edge clinical providers, venture firms and strategic industry players. HealthTech Capital was founded by the managing directors Anne DeGheest and Don Ross.
VitreosHealth®, an innovative provider of predictive population risk and prescriptive care management analytics leveraging EHR, Claims & Demographics data for HMOs, medical homes, physician groups, ACOs, hospital systems, IDNs, and shared savings programs. VitreosHealth® solutions delivers predictive chronic disease models for population state-of-health risk analysis and risk stratification, care management analytics and quality-cost-risk visibility, "what-if" modelling for improving overall healthcare provider and payer performance. For more information, please visit http://www.vitreoshealth.com or email firstname.lastname@example.org
About Accel Diagnostics
Accel Diagnostics is a Pittsburgh, PA, based company with an office in Berkeley, CA, that provides smart phone enabled blood diagnostic technology to enable patients to self-test in the home, and physicians to monitor treatment efficacy, compliance, and to manage patients remotely. For more information on AccelDx, please email email@example.com or visit www.acceldx.com <http://www.acceldx.com>
VitreosHealth® Media Contact
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