OK, Louisville. You’ve had the whole summer to sleep off that basketball championship and the Derby. School’s back in session. Six startups are spending the next 10 weeks in Louisville, Kentucky, with their heads down, pencils sharpened and proverbial thinking caps on as they begin XLerateHealth‘s intensive immersion program as its inaugural class.
There, they’ll receive coaching from two to five mentors, $20,000 in funding and office space in exchange for 6 percent equity.
While bourbon, basketball and fried chicken might ring a bell when you hear Kentucky, this new accelerator seems to be interested in putting the bluegrass state in the cloud.
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Half are Kentucky companies.
MedSparq: Hailing from Elizabethtown, Kentucky, this startup has created a cloud-based appointment scheduling program that can be instantly updated and shared between providers.
LockUpLead: This Louisville-based company won’t have too long of a haul to the accelerator, where it will continue development on its EPA-tested product that neutralizes lead so that it can’t be absorbed into the body or the environment.
Liberate Medical: This Louisville startup is working on two platform products, VentFree and SecondBreath, which will treat patients with respiratory disease, weaning them from mechanical ventilation and helping COPD breathe respectively, while reducing hospital stays.
A Personalized Approach to Medication Nonadherence
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
The other half come from coast to coast.
11 Picas: This New York company hopes to become the first bloghost site for inde journalists. At XLerate, they’ll be focusing on an initiative to build vertical networks in health including living well, eating well and “Good Medicine” sites.
Medical Search: Down the six hours on I-65 from Chicago, this two-year-old startup has created a cloud-based platform able to extract quantitative and qualitative info from major biomedical journals, EMRs, drug labels and patient forums for applications that require analyzing unstructured text (think drug discovery and repurposing or mapping of genes and receptors).
CredentialedCARE: All the way from San Diego, California, this startup has created a cloud-based system for employee background checks (you know, those the Affordable Care Act mandates be done on all employees who are in contact with long-term care clients) that should be cheaper and more efficient. According to its website: “The states will work from different platforms and create disparate systems in order to comply with federal mandates of The Affordable Care Act. CredentialedCARE will aggregate the state data in the cloud.”
The program will culminate in a graduation turned Demo Day on Oct. 25.
Full disclosure: Bob Saunders is an investor in MedCity News.
