Last week, a series of startups told their stories as part of Furthur Fund‘s demo day. Furthur, an early stage venture fund based in Chicago, was founded by entrepreneur and investor Jordan Dolin and venture capitalist James Crawford.
Here’s a peek at the companies that presented during the July 25 demo day.
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.
Quant HC zeroes in predicting causes of clinical deterioration 36 to 48 hours in advance. Its eCART solution is installed on a hospital’s existing IT infrastructure and can draw information from various databases with the ultimate goal of providing better patient care.
Based in Chicago, Regroup Therapy provides telepsychiatry solutions for healthcare facilities and mental health clinicians. It employs more than 100 full-time and part-time psychiatrists, and its clients include OSF HealthCare, Oak Street Health and Iora Health.
ED Loop focuses on improving patient satisfaction in the emergency department. Patients can connect their cell phones to the startup’s HIPAA compliant platform. The ED care team can then directly text patients updates and educational content.
Simply put, Advocatia “partners with hospitals to help increase your reimbursement and decrease your bad debt by better assisting your underserved populations,” co-founder Laura Robbins said during the demo day. It does so by screening and enrolling people in available healthcare financial options.
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.
Health Scholars, which won the health services track of the MedCity INVEST Pitch Perfect contest in May, narrows in on clinical education. Spun out of OSF HealthCare, it has a simulation-based platform that allows organizations to deliver tech-enabled educational content.
TAFi is looking at the interoperability space. The company’s platform aggregates data from sources such as EMRs, EHRs and HIEs so that healthcare organizations can have more insight regarding their patients. It is integrated with EHR vendors like Cerner and Epic, and its solution provides real-time visibility.
EDGe Surgical has developed a disposable Electronic Depth Gauge, which is intended to improve accuracy and precision during surgical procedures. During the demo day, CEO Chris Wilson noted that no one uses analog mercury thermometers anymore — people use digital thermometers. “We want to do the exact same thing with orthopedic surgical tools,” he said. EDGe Surgical wants to replace the analog tools with improved digital ones.
Last but not least, Furthur Fund’s Intrapreneurial Toolkit is a platform for hospitals to objectively assess the viability of new solutions developed by internal innovators. “You set the parameters, and we filter through these solutions,” Jordan Dolin said during the demo day. “What we’re doing is … creating an executive summary so that instead of 100 solutions, we help you bubble up the top 10 or 15.”
Photo: pixelliebe, Getty Images
