StartUPDATES: New Developments for Healthcare Startups

Check out news from Health Wildcatters, Rivia Health, Apella, and more.

Health Wildcatters will host the Texas Healthcare Challenge (TXHCC), on the weekend of February 23-24 at Pegasus Park. The accelerator has organized the hackathon, which will spotlight AI tech. Sponsored by Texas Health Resources, Lyda Hill Philanthropies, and Biotech+ at Pegasus Park, the hackathon is an annual gathering of college students, researchers, and professionals from all industries to gather and create solutions to healthcare problems.

The types of AI that will be included in the hackathon are:

  • Conversational AI
  • Reinforcement Learning from Human Feedback (RLHF) ): Training AI systems through positive or negative feedback from humans, rather than coded rewards
  • AI Agents: AI systems that can perceive environments and take autonomous actions to achieve goals
  • Multi-Agent Teams: Multiple AI agents coordinating and sharing knowledge or skills to solve problems as a collective intelligence
  • Multi-modal AI: AI that can understand and connect data from multiple modes like text, images, speech
  • Generative AI: Machine learning models that can create new, original content like images, text, audio, or video rather than just classify or analyze data
  • Vector Embedded Knowledge: Representing knowledge as vectors in high dimensional space so AI may reason about concepts
  • Multi-Language Translation: Enabling AI systems to translate between many different human languages
  • Retrieval Augmented Generation (RAG) : Combining searching over stored knowledge with neural generation, for more grounded responses

To learn more, click here.

Apella, a health tech company, has expanded a collaboration with Houston Methodist to implement the company’s technology in all of its operating rooms, according to a press release.

Using ambient sensor technology and artificial intelligence, Apella provides data and insights to help surgical teams analyze the past, manage the present, and plan for the future. The goal is to increase surgical volume and improve the quality of surgery.

To read more, click here.

Rivia Health, a revenue cycle management solution for healthcare provider organizations, announced a $3.25 million series seed funding round led by PHX Ventures. Rivia plans to use the new funding to expand its patient payment solution and enter new markets across the country, according to the press release.

Rivia Health wants to streamline the patient payment process with an intelligent revenue cycle management platform using digital communications, smart messaging, and payment tools.

To read more, click here.

MedCity News is looking for applications for our startup pitch contest Pitch Perfect at INVEST 2024The event will be held at the Ritz Carlton in Chicago, May 21-22. There are four tracks and each track will feature six finalists. 

The categories include:

Biopharma – Startups focused on oncology

Devices & Diagnostics – 
Startups focused on cardiology

Healthtech, Consumer/Employer – Startups addressing women’s health

Healthtech, Payer/Provider – Startups addressing burnout and operational efficiency

There is no fee to apply. Startups that have been a finalist and pitched at any INVEST event in the past 12 months are not eligible to apply. Startups should apply to only one track. Startups must be registered for the conference in order to participate in the pitch contest. The startup rate is $695 and a code will be sent to you if you are selected to pitch.

For more information, click here.

Photo: phototechno, Getty Images