Press Release - Apr 28, 2014Health Care Start-ups Compete for Clinical Partners
Boston, MA - Brigham and Women's Hospital (BWH) iHub innovation center is hosting the BWH iHub Pilot Shark Tank Challenge on Monday, April 28, 2014. The event will feature ten start-up health care companies vying for the opportunity to be paired with BWH clinical faculty to help test their innovative solutions to existing problems in patient experience and engagement.
"The Brigham is a site of pioneering breakthroughs that have improved lives around the world," said Lesley Solomon, MBA, executive director, BWH iHub. "But like many hospitals, we are constantly working to improve both the patient experience and engagement with patients and their families. At the same time, start-up companies are challenged with not having the right clinical partner or environment to pilot-or test-their products or services. We're excited about this competition and believe it is a novel way of addressing these challenges by providing entrepreneurs with direct access to our talented clinicians to collaboratively advance health care innovation."
More than 40 early-stage health technology companies and hackers applied for the challenge. Ten finalists were chosen by BWH clinicians who will be involved in testing the winning solutions. The finalists are: CareMon; Constant Therapy; Healo; Home Team Therapy; MySafeCare; Revvo; Tenacity Health; Twine Health, Inc; VerbalCare; and Vital Score.
These finalists will present their solutions to problems clinical practices face in patient experience and engagement at the upcoming BWH iHub Pilot Shark Tank Challenge on April 28.
The finalists will present a five-minute demo of their solution to a panel of judges, comprised of doctors and clinical leadership, in a "shark tank" style setting. The judges can ask the finalists questions about their solutions and will then decide which solutions to move forward with pilots.
Winners will have the opportunity to pilot their solution for two to six weeks at BWH during the 2014 calendar year; access to a BWH pilot design advisor pre-pilot and during the pilot period; the ability to formally present to the BWH iHub; and BWH will agree to serve as a reference to potential investors.
The event is open to the innovation community in Boston as well as BWH employees.
"We're thrilled to see the incredibly high quality of solutions that have been submitted," said Allen B. Kachalia, MD, JD, BWH associate chief quality officer, and judging panelist. "We are excited to start collaborating on the proposals that come out of the competition."
BWH iHub is dedicated to entrepreneurial efforts to advance health care. BWH iHub provides support, connections, business analytics, resources, space and tools to bring ideas from creation to commercialization, unleashing BWH innovators' potential to reinvent health care.
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