Launchpad Digital Health, a focused next generation accelerator announced that it has funded its first five companies. Each company accepted into the accelerator program receives:
1) more capital in the form of up to a $300,000 investment
2 A full one year-long program co-located with other startups in digital health sector and the Launchpad Digital Health founders
3) more intensity in the form of weekly ongoing engagement with Launchpad Digital Health’s founders, partners and mentors as critical business decisions are made continuously with advisors assisting all along the way.
The founders of Launchpad Digital Health have funded and operated a myriad of companies throughout the healthcare and technology sectors, including digital health companies, for the past two decades. Partners or investors in Launchpad Digital Health include a significant team of advisors, mentors and companies including: WSGR; EisnerAmper LLP; Merrill Lynch Venture Services (BofA); Woodruff Sawyer; Platinum Advisors; and Mavericks Capital, among many others.
Here is a summary of the first five digital health startups:
AddApp – Whether it’s noticing what helps you get a great night’s sleep, running further or picking out the days you’re most active, AddApp provides you with personalized insights to help you be at your best, everyday. AddApp’s data-driven approach finds relationships in data you already track from sensors and apps. You have data; we’ve got insights.
– Founder: Kouris Kalligas
Lyfechannel builds mobile programs for patients new to chronic diseases—bridging the gap between doctor instruction and patient action. Programs in diabetes, pre-diabetes, COPD, smoking cessation and heart health, each help patients build core habits in physical activity, diet and drug adherence—keys to long-term disease management. Lyfechannel reimagines proven patient programs for the 3-5 minute attention windows of the mobile phone user. Through connectivity with support team members and EHR integration, we create greater patient engagement required for better health outcomes. Current customers—including pharmaceutical companies, EHRs and the U.S. Dept. of HHS—use our programs and population management tools to change the health trajectory of specific populations and conditions.
– Founder: Dave Vockell
Medable – the fastest path to a medical grade app. Medable is a SaaS (software as a service) allowing companies, providers and payers to make digital health applications truly “medical grade.” This platform allows for supporting patient engagement clinical applications, storing personal health information and complying with HIPAA and other regulations.
– Founders: Michelle Longmire, M.D.; Tim Smith; James Sas; Trevor Goss
QueueDr allows doctors to fill openings in their schedule in less than one minute. Using text messaging, offices alert selected patients of an open appointment with the press of a button, saving valuable time and dramatically shortening the patient wait. The first patient to respond has the appointment—it’s invigoratingly simple. This captures revenue that is currently lost by the practice, resulting in an immediate payback for the physician office, while patient satisfaction improves. Early customer feedback: “it doesn’t get any better.” – Founder: Patrick Randolph
Sense.ly – the “virtual nurse” providing proven, personalized monitoring and follow-up care, with a strong focus on chronic diseases. Sense.ly combines innovative avatar-based technology and advanced sensor capabilities to generate actionable, real-time data and intelligent analytics, enabling better, timelier healthcare decisions. Sense.ly empowers clinical practices to scale and succeed in the midst of healthcare reform, declining reimbursements and technology disruption. For chronic patients and their caregivers, Sense.ly offers the best continual care, even between office visits. For payers, Sense.ly improves outcomes and patient satisfaction while lowering the total cost of care. Customers include major providers and payers. – Founders: Adam Odessky; Ivana Schnur, M.D., Ph.D.
Launchpad Digital Health will soon begin accepting business plan applications for its next class of companies in the digital health sector. Applications will be accepted through year-end 2014.
Launchpad Digital Health expects this new class of companies to begin its one-year program in early 2015, based at its SF-SoMa offices located at 645 Harrison Street in San Francisco. Submissions may be made via the accelerator’s submission page on its website, www.launchpdh.com.