The New York Digital Health Accelerator has revealed the seven companies that will participate in its second class, which is sponsored by the State of New York, nonprofit New York e-Health Collaborative (NYeC), and the Partnership Fund for New York City.
The program will run for four months and during that time, startups will receive mentorship, attend workshops, and receive about $100,000 in capital investment.
Last year's class raised $21 million in additional capital, the accelerator said, and created 120 new jobs in New York City. Two of the startups, EHR patient portal Avado and mobile healthcare platform maker Remedy Systems, were acquired. In October 2013, WebMD acquired Avado and used the acquisition to launch an app that offers patients the ability to manage health information in one place, including medical records, lab results, biometric device data, claims information, and other third party data.
Notably, in this year's class, one high profile pick for the accelerator is fitness app maker Noom, which has been around since 2006 and has already raised at least $9 million in VC funding. It was also a part of Google's launch announcement for fitness platform Google Fit.
Here are the seven startups in the New York Digital Health Accelerator's 2014 class.
AllazoHealth wants to predict patients' behavior to identify those who are likely to lose track of their medication regimen. AllazoHealth will then use this information to predict the most effective way to train the patient to be more adherent. The startup's clients are health plans, ACOs and providers.
Clinigence integrates data from EHRs to analyze the information. The company says with this analysis they can offer predictive modeling and cost saving for the client, which include ACOs, physicians practices, and hospitals. They currently offer the software to over 300 practices, which is about 1,000 care providers.
Covertix aims to help healthcare organizations encrypt their data and help healthcare professionals share data securely with patients, healthcare professionals, hospital networks, and third party vendors.
iQuartic analyzes data from EHRs to analyze different healthcare metrics. Some iQuartic products include a data auditor that uses behavior modeling to identify unreported HIV positive patients, a diabetes management scorecard that assesses how well patients across EHRs manage their diabetes, and a COPD population profiler that predicts the number of COPD patients in an area.
Noom develops apps that help consumers stay fit. The company was founded in 2006 as WorkSmart Labs, but changed its name in 2011 to match its flagship product, which is a food logging app available on Android and iOS devices. Noom Weight offers users a virtual coach, which assigns the user educational articles and challenges associated with his or her daily schedule. The two other apps, Noom Walk and Noom Cardio, are Android-only apps. Noom Walk is meant to be especially battery-friendly compared to other activity tracking apps because it does not use the GPS constantly, and instead leverages the mobile device’s accelerometer.
Quality Reviews' first product, Rate My Hospital aims to help hospitals gather satisfaction data from patients and use it to improve the patient experience. The hospitals can send out a web-based survey tool that patients can use to answer questions. From there, the data is translated into graphs and charts that hospitals can analyze.
Sense Health, which is currently also participating in another accelerator, the StartUp Health Academy program, helps providers communicate with patients through scheduled, interactive text messages. The platform provides some pre-made scripts to start and tools to program customized ones.