StartUp Health & GE Ventures Launch Call for Innovation to Invest in Companies Focused on Transition to Value-Based Care
New York, NY (PRWEB) May 18, 2016 -- StartUp Health, a global organization leading the movement to transform health by building the world’s largest community of Healthcare Transformers, and GE Ventures, announced a new call for innovation today to discover companies focusing on the transition to value based care – a fundamental financial, philosophical, and cultural change where care is paid for based on outcomes instead of the number of visits, tests, or procedures. As part of a unique collaborative program to help build innovative digital health companies, StartUp Health and GE Ventures are expanding their partnership to support companies building clinical workflow and chronic care management solutions, in addition to financial/payment platforms and operational technologies designed to transition the healthcare industry to value-based-care. Companies can apply online at StartUpHealth.com/GE.
This past October, StartUp Health and GE Ventures announced a call for innovation focusing on virtual health solutions. The first three companies related to this innovation call have been selected to join StartUp Health Academy’s GE Program. StartUp Health and GE Ventures have now partnered to help build 19 companies together and plan to select at least 7 more companies this year to join the exclusive program.
“GE Ventures is incredibly excited to add Biome Analytics, Jiseki Health and WinguMD to the growing portfolio of amazing companies in StartUp Health Academy’s GE Program,” said Ruchita Sinha, Director of Healthcare, GE Ventures. “We are looking forward to investing in the next generation of Healthcare Transformers creating technologies and business models that enable health systems, plans, employers, and consumers to adapt to the rapid shift to value-based care, an area in great need of new solutions.”
“StartUp Health’s ongoing partnership with GE Ventures has been an extraordinary example of how the world’s largest organizations can collaborate with Healthcare Transformers to foster innovation, work together with amazing companies like Biome Analytics, Jiseki Health and WinguMD and help them grow more quickly,” said Polina Hanin, Director of StartUp Health Academy. “We are looking forward to meeting entrepreneurs around the world helping the industry shift to value-based care. There’s a tremendous opportunity for innovators addressing this need in the market today.”
Biome Analytics, Jiseki Health and WinguMD, as well as the next call for applications, builds on the success of StartUp Health Academy GE Program which launched in 2013 with 16 consumer health companies. Since its launch, over 500 companies from 22 countries have applied for StartUp Health Academy with GE Ventures. Currently 19 companies have been selected from a broad spectrum of health innovation. To date, the companies raised $51M in funding and 2 companies have been acquired.
The three newest companies selected to join the StartUp Health Academy with GE Ventures include:
Biome Analytics - Stuart Jacobson, Founder & CEO
(Location: Sausalito, CA; Subsector: Hospital Management)
Biome Analytics' transformational goal is to help hospitals deliver the best possible cardiovascular care at the lowest cost. Biome aggregates the data and builds the applications that deliver the insight doctors and hospitals need to insure the 26.6 million Americans diagnosed with cardiovascular disease get the best possible care at the lowest cost.
Jiseki Health - Tushar Vasisht, Founder & CEO
(Location: San Mateo, CA; Subsector: Patient Engagement)
Jiseki Health’s mission is to bridge the gap between hospital-provided clinical care and supportive community health resources with technology to enable better and more accountable service delivery, and ultimately get patients the right services at the right place at the right time and for the right cost.
WinguMD - Manabu Tokunaga, MS, Founder & CEO
(Location: Palo Alto, CA, Subsector: Imaging)
WinguMD's transformational goal is to make all mobile medical photos "smart" and tell a vivid clinical story that would not be able to be captured in a written note. WinguMD's BodyMapSnap collects metadata from an image and enables body location and tagging tools for physicians combined with smart object size measurement and document recognition to make every photo a clinical tool and enables sharing with existing EMR and image archiving solutions.
For more information, please visit StartUpHealth.com/GE and follow the StartUp Health blog for updates.
About GE Ventures
GE Ventures identifies, scales and accelerates ideas that will help make the world work better. Focused on the areas of software, advanced manufacturing, energy and healthcare, GE Ventures combines equity investing, new business creation, licensing and technology transfer to deliver an innovation platform designed to drive growth for partners and GE. For more information, please visit http://www.geventures.com or follow on Twitter (@GE_Ventures) and LinkedIn.
About StartUp Health
StartUp Health is a global organization leading the movement to transform health by building a community of Healthcare Transformers. StartUp Health has the world’s largest portfolio of digital health companies spanning 12 countries. StartUp Health’s platform includes the StartUp Health Academy, StartUp Health Network, StartUp Health Ventures and StartUp Health Media. StartUp Health was founded in 2011 by Steven Krein and Unity Stoakes and is chaired by former Time Warner CEO, Jerry Levin. Some of StartUp Health’s notable strategic partners and investors include AARP, AON, Aurora Health Care, California Health Care Foundation, Steve Case, Cleveland Clinic, Conifer Health Solutions, Mark Cuban, Esther Dyson, Roger Ehrenberg, Brad Feld, Genentech, GE Ventures, Kaiser Permanente Ventures, Robert Wood Johnson Foundation, and SeventySix Capital. Learn more at http://www.startuphealth.com or follow @startuphealth.
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Liz Austin, StartUp Health, http://startuphealth.com, 2033392992, [email protected]
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