Winston-Salem, NC (PRWEB) July 28, 2015
Varsa Health prevailed after a tightly contested Pitch Day to win the $25,000 cash prize and potential funding of its idea from Inmar, as well as $17,500 to spend with Kilpatrick Townsend’s world-class corporate attorneys.
“Two exceptional teams rose to the top during final deliberations. The judges engaged in a very robust debate that ultimately concluded Varsa Health’s solution most closely addressed the Challenge statement and aligns well with Inmar’s commitment to using technology and data analytics to drive better patient outcomes,” said Inmar Chairman and CEO David Mounts. The Challenge statement asked: How can disparate data sources be leveraged to discover health-related correlations and insights that enable individuals and their support groups/families to collaborate, monitor and improve a patient’s health?
Varsa Health is a Chicago-based digital health company that combines mobile technology, data science and design to better measure clinical outcomes from the perspective of patients and consumers. Varsa's web / mobile-based tool for health organizations enables them to securely collect patient-reported outcomes and other clinical assessment data in order to guide and validate treatment for their patients. Varsa links respondents to actionable information based on their health status and improves the ability for health organizations to view outcomes data to improve standard of care, as well as population health management. Varsa's management team is supported by investors and advisors who have successfully led provider, payer and life science organizations.
Varsa Health bested the five finalist field which also included CanScope from Philadelphia; eScent from Cambridge, UK; resp(EQ) from Baltimore and Beyond the Chart from Greensboro, NC.
“Varsa is honored to be the winner of the Inmar Digital Health Challenge and to use the proceeds towards continued product development and expansion of our team,” says Steve Sprieser, Co-founder of Varsa Health. “We look forward to partnering with Inmar going forward to connect patient-reported outcomes to existing data sources as a way of improving outcomes and empowering patients as individuals.”
“Flywheel’s Innovation Challenges enable corporations to extend their reach and inject new innovation while they expose corporate brands globally to targeted innovation communities,” said Peter Marsh, Flywheel Co-Founder. They provide important visibility to Winston-Salem’s and Wake Forest Innovation Quarter’s domain expertise in healthcare and data analytics.
To learn more about the Challenge and competition details, view a video at https://youtu.be/d3uTytnPgIE, and visit http://flywheelcoworking.com/inmar-digital-health-challenge-2015/.
Inmar is a technology company that operates intelligent commerce networks. Our platforms connect offline and online transactions in real time for leading retailers, manufacturers and trading partners across multiple industries who rely on Inmar to securely manage billions of dollars in transactions. Our Promotions, Supply Chain and Healthcare platforms enable commerce, generate meaningful data and offer growth-minded leaders actionable analytics and execution with real-time visibility. Founded in 1980, Inmar is headquartered in Winston-Salem, North Carolina with locations throughout the United States, Mexico and Canada.
For more information about Inmar’s products and services, please call 866.440.6917 or visit http://www.inmar.com.
About Kilpatrick Townsend
Kilpatrick Townsend has more than 630 lawyers in 17 offices extending into the four corners of the continental United States, Asia and Europe, including: Atlanta, GA; Augusta, GA; Charlotte, NC; Denver, CO; Los Angeles, CA; New York, NY; Raleigh, NC; San Diego, CA; San Francisco, CA; Seattle, WA; Silicon Valley, CA; Walnut Creek, CA; Washington, DC; Winston-Salem, NC; Shanghai; Stockholm; and Tokyo.
For more information about Kilpatrick Townsend, please visit: http://www.kilpatricktownsend.com.
Follow the firm on Twitter: @KTS_Law.
Flywheel is a coworking space located in the heart of Wake Forest Innovation Quarter in downtown Winston-Salem. Since May 2014, the space has served as the community’s center of innovation and 24/7 workspace for people to come together to work on the fly, learn and share knowledge. Flywheel is the center of gravity in Winston-Salem and in the overall triad ecosystem for supporting startup companies and entrepreneurs. Its four core offerings provide the fuel that accelerates the success of business startups: technology workshops; How to Start a Startup series; Idea Tap Series that gives entrepreneurs access to an idea pitch process; and knowledge and networking-based events. Flywheel offers flexible short and long-term membership plans for open and enclosed spaces. Three locally owned companies have partnered together to bring Flywheel to the community: Workplace Strategies; Wildfire, LLC; and Storr Office Environments. To learn more about Flywheel, visit http://www.flywheelcoworking.com.
About Varsa Health
Varsa will be launching its platform in the late summer of 2015 to several leading medical centers, providers, and research centers across the country. Varsa is in discussions with organizations including Inmar regarding the use of patient-reported outcomes data as a complement to data sources related to medical claims, pharmacy returns, and other, previously-disparate insights into clinical outcomes.