08222017Headline:

Meet The Three Most Fund-able Health Companies From The DC To VC Showcase

Today, Morgenthaler Ventures and Health 2.0 concluded its “DC to VC” startup showcase, a nationwide contest that aims to find the most promising and “fund-able” young businesses in health IT looking for funding. From hundreds of applicants, twelve finalists were chosen to pitch their ideas on stage at the Health 2.0 Conference in San Francisco in front of a crowd of 350+ VCs, angel investors and entrepreneurs.

The companies were then categorized according to whether they were seeking seed funding or looking to raise their series A ($ 2M to $ 5M). The seed stage presenters were hand-picked by the event’s accelerator partners — Rock Health, Blueprint Health, Healthbox and Startup Health — teeing up a panel of judges to select the winners from each category. The panel of judges included reps from Morgenthaler, Comcast Ventures, InterWest Partners, Venrock, Qualcomm Ventures and Silicon Valley Bank, to name a few.

After twelve on-stage presentations and some deliberation, the judges selected Beyond Lucid Technologies as the winner of the Series A category, while Aidin took home the Seed Stage prize. Each category also opened voting to the audience (those both at Health 2.0 and watching via the livestream) to select the “People’s Choice” winners. While Aidin won the audience vote for the seed category, CarePlanners captured the Series A hardware.

Because we love to talk about awesome healthtech startups here at TC, you’ll find a deep dive into the winners below. Check it out, and tell us your thoughts in the comment section.

The Winners A startup out of the Blueprint Health accelerator in NYC, at first glance, it may seem like Aidin is targeting a tiny use case, but first impressions can be misleading. If Aidin is successful, it can have a big impact on our health. Here’s why: Hospitals, depending on their location of course, can be crowded places, which puts a lot of stress on somewhat limited resources.

Although one might imagine that hospitals would want people to hang out as long as possible (racking up those hospital bills), in reality they are eager for people to avoid repeat visits. In the U.S., one in four Medicare patients get readmitted to the hospital within 30 days of leaving — and those readmissions come with a $ 17.4 billion price tag for hospitals.

Part of the reason readmissions are so high is the unreliable quality of the some-25K “post-acute care” facilities in the U.S. — the nursing homes, health agencies and rehab centers that provide care not only for elderly people but anyone recovering from an acute illness, injury or surgery after leaving the hospital.

To help patients find the right care facilities and help hospitals reduce readmissions, Aidin provides patients and their families with up-to-date ratings and reviews of local providers, along with sharing outcome data from those who have previously visited the particular facility.

Patients can filter the data based on their specific condition or need, meaning that, if you’re looking to rehab after knee surgery, you’ll see ratings for providers that specialize in orthopedic rehab, for example — not head trauma. Basically, on the consumer side of things, Aidin has set out to create a Yelp for continuing care.

On the hospital side, Aidin allows them to integrate their solution into existing infrastructure to allow hospital staff to create referrals, share ratings, etc. Aidin raised $ 600K in seed funding back in June, and you can read our coverage here — some of which is referenced here.

 Meet The Three Most Fund able Health Companies From The DC To VC Showcase

So Blaustein and team developed CarePlanners to be a platform that helps patients make better decisions about healthcare, providing a staff of experts and online tools that allow users to coordinate care services, create plans around diagnoses, resolve insurance and billing issues, etc.

The startup, which aims to become the “AAA for Healthcare,” employs consultants with a wide range of expertise, including registered nurses, social workers, medicare experts and healthcare advocates. Collectively, they create a marketplace for healthcare consulting that relies on personalized care from actual people, instead of simply creating a database of healthcare information.

CarePlanners offers a dashboard (called the CareCenter), through which users can organize their health information around their medical needs — and those of their loved ones. Based on the info users provide, the service offers tips, notifications and reminders and allows them to manage their plans and connect directly with consultants. These plans range in cost between $ 200 and $ 900.

As it stands today, the startup has a leg up over point-solutions, as it provides support for a variety of issues, with its one major drawback being that its plans are not covered by health insurance. Going forward, CarePlanners will expand the scope of its dashboard to become a place where people can store all of their personal and family health information, like medical records, histories, and so on. It also plans to add to its roster of 25-odd consultants and beef up its user base by partnering with employers.

There’s a lot left to do, but the mission to help channel the firehose and simplify an over-complicated healthcare system is an important one.

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