Healthbox Reveals the 10 Members of Its Second Boston Class
Healthbox along with lead partner Blue Cross Blue Shield of Massachusetts (BCBSMA) officially started its second accelerator program in Boston today. It named 10 startups that have already begun participation in its 14-week long program. The companies just completed a two-week bootcamp designed to brief them on the state of the industry and to help them improve their business models.
“The boot camp helps our companies think carefully about how to both approach the overall accelerator experience, refining their value proposition to the marketplace,” CEO of Healthbox Nina Nashif said in a statement.
Healthbox, which also runs programs in Chicago and London, graduated its first Boston class last November. Like those members, the ones in this group receive $50,000 in funding, office space, and mentorship. In exchange for these benefits, startups give the accelerator 7% equity in return.
Health care startups working in Massachusetts, especially those working with BCBSMA, have a particularly unique opportunity. Three years ago BCBSMA started offering providers a payment model that works a lot like the models found in Accountable Care Organizations, according to Washington Post’s Sarah Kliff. A Health Affairs paper showed that the payment model was associated with lower health care costs and better quality of care. Through working with BCBSMA, Healthbox startups should get a very up close and personal chance to think about how their products will work in this new and very experimental model.
From the press release, Healthbox’s 10 new companies are:
- 3Derm Systems offers a low-cost skin monitoring solution allowing patients to take two-and three-dimensional images of concerning lesions at home before being digitally reviewed by a dermatologist.
- Caring in Place is a technology platform to help family caregivers care for their aging loved ones. Through intelligent checklists, family caregivers receive education, drive care coordination, and can purchase integrated products and services.
- Casagem provides a tablet-based data collection and data-processing tools for the homecare industry. These tools will allow underutilized homecare nurses and support workers to complete mandatory on-site homecare forms via tablet, thus improving the precision of data collection and optimizing provider involvement.
- Cellanyx is developing a live-cell biomarker-based diagnostic test to determine oncogenic and metastatic potential for prostate tumors.
- Epion Health delivers a cloud-based, device-agnostic tablet solution that transforms the expensive and inefficient paper-based intake and discharge processes to a far less expensive, more accurate mobile digital solution.
- Hospitalytics is developing analytical software to improve operating room (OR) efficiency by using surgical booking trends to predict future caseloads, enabling OR managers to make proactive decisions regarding case and staffing assignments.
- Lean Wagon provides online group health coaching for employees, with a focus on weight loss and building healthy habits.
- MyProxy is developing a web-based platform that enables patients to create, update, and share healthcare proxies and advance directives for end-of-life care.
- Sensing Strip is a device that integrates thin film sensing electronics with kinesiology tape. This “electronic sensing tape” can be placed anywhere on the patient’s body, where it will sense and wirelessly transmit real-time ambulatory, cardiac, respiratory, or a variety of other data to a smart phone or tablet.
- TheraVid is developing a customizable web-application geared towards improving physical therapy adherence in the home.