Blueprint Health, a NYC based mentor-focused health technology accelerator today announced the showcase of their Summer 2015 class of startups at their eight annual Demo Day in NYC. The Summer 2015 Accelerator class is composed of eight new companies solving a diverse set of problems in the healthcare industry from preventing hospital readmissions through geolocation (Position Health) to providing point of service lending to patients with high deductible health plans (Crediyo), and allowing physicians to seamlessly bill for chronic care management services (Oculus Health). Founders of the summer class come from a diverse background and brought a wealth of experience, including successful entrepreneurs, five MDs/PhD’s and three teams made of international founders.
Alumni Updates
To date, 87% of Blueprint’s companies are still in operation and 85% of those companies are generating revenue. Blueprint also supports the largest structured mentor network in the digital health space, with over 180 senior level health executives providing mentorship and support to companies in the portfolio.
Other portfolio updates include:
– After closing a $4M Series A, Procured Health is growing quickly, having signed 5 clients in the past two months and growing their team to almost 40 people.
– Health Recovery Solutions has signed Johns Hopkins and the VNA of NJ as clients adding to a marquee list.
– iMedicare has grown to a team of almost 25 and is being used in nearly 5,000 pharmacies across the US.
– BoardVitals is now available in over 150 residency programs / institutions and is the most widely adopted board review question bank in the country.
– CredSimple closed a Series A round with Bowery Capital.
– Healthify is growing incredibly rapidly after signing six clients including UnitedHealthcare.
Here is a look at Blueprint Health’s graduating 8th class:
Bind Health – Make Informed Prenatal Genetic Testing Decisions
Crediyo – Making Healthcare Affordable
MedPilot – Simplifying the Financial Experience
High deductible health plans are causing patient out-of-pocket costs to skyrocket, forcing healthcare providers to collect larger amounts of revenue from patients. Traditional debt collectors decrease patient satisfaction and yield low recovery rates. MedPilot contracts with healthcare providers to help patients resolve their outstanding bills before being sent to debt collections. Their platform and network of patient navigators facilitates payments to providers by offering billing discounts, customizable payment plans, and advocacy services to patients. They reduce revenue cycle friction, increase self-pay reimbursement, boost patient satisfaction, and free up time for billing staff to collect insurance reimbursements.
Oculus Health – CCM platform that connects providers with patients
Oculus Health helps medical practices deliver care for chronic conditions outside of the clinic, facilitating contact between patients and providers between office visits. Using the Oculus Health platform physician providers in office based settings are able to bill for the new chronic care management code, CPT 99490. The Oculus platform offers physicians an offsite care team of medical assistants and nurses who call patients and provide chronic care management services as directed by the patient’s care plan. They have already enrolled over 200 patients from their first two customers. Oculus allow each provider to generate on average an additional $200k in annual revenue.
Position Health – Improving continuity of care, reducing re-admissions and redundant testing
Position Health uses a simple smartphone application, downloaded at the time of discharge, to notify providers when a prior patient arrives at an emergency room anywhere in the country. The Position Health solution allows providers and hospitals to intervene before important ER decisions are made, preventing unnecessary re-admissions and testing. The Position Health approach requires no integration with EMRs and is simple to implement.
Psocratic – Enhancing Wellness and Increasing Productivity
Psocratic helps companies and academic institutions improve the productivity of their staff and students. Corporate HR departments and universities are concerned about the stress their employees and students are facing and how it affects productivity. Psocratic helps identify employees or students that are struggling with stressors in their work or personal life and provides time management, productivity, and resilience training exercises to help them overcome their stressors, as well as provide a overall assessment of the organization’s mental well-being and resilience.
