Raleigh, North Carolina (PRWEB) September 22, 2011
Axial Exchange, along with ten other startups, has been selected from a pool of more than 100 applicants to present at the second annual DC to VC: HIT Startup Showcase, which takes place on September 22 at Microsoft’s Mountain View, CA campus.
Organized by Morgenthaler Ventures with co-organizers Silicon Valley Bank, Health 2.0 and Practice Fusion, the contest was opened to US entrepreneurs looking to raise seed or Series-A capital for their health IT startups. Applications were judged by Rebecca Lynn, partner at Morgenthaler; Shai Goldman and JC Simbana directors at Silicon Valley Bank; Matthew Holt, founder of Health 2.0; and Steven Krein, founder of StartUp Health and CEO of Organized Wisdom.
Axial will present as a Series A finalist. Series-A judges include: Rebecca Lynn, partner at Morgenthaler Ventures; Brian Ascher, partner at Venrock; Isaac Ciechanover, partner at Kleiner Perkins; Tim Chang, partner at Norwest Venture Partners and Alex de Winter, partner at MDV.
"We are excited to be among the finalists and are happy to see such enthusiastic support of healthtech by the venture community,” said Joanne Rohde, CEO, Axial Exchange Inc. "It is a great time to bring new thinking to health care.”
Before founding Axial Exchange, Rohde served as Executive Vice President of Global Operations for Red Hat, Inc. the world's Open Source leader, and CIO of Investment Banking IT, UBS AG.
Axial Exchange moves healthcare organizations towards pay-for-performance, enabling providers to coordinate care and measure clinical quality across disparate settings. When a patient transitions between care settings, information gaps can drive up both costs and patient safety issues. The Agency for Healthcare Research and Quality has cited care transition as the single biggest risk in patient safety today. Axial solves this problem by providing proactive clinical summaries for patients that move into and out of hospitals -- from ambulance transport arrivals at the emergency room to patients arriving at a primary care physician’s office for post-discharge treatment. Axial’s technology approach bears more similarity to that of a modern consumer web startup than to that of traditional health IT vendor. Axial has a cloud-native, open source infrastructure that translates data and presents it via a consumer-like experience that accommodates virtually any device with a web browser.