Four health-tech startups shared a $150,000 prize after competing in the fourth annual Prime Health Challenge, Oct. 19. The event’s goal is to help advance health care technologies that improve the experience for doctors and patients.
The event, organized by Prime Health, was the culmination of a three-month process in which experts from across the industry evaluated the teams’ proposals and narrowed down the list from more than two dozen to six finalists. Last night, the six teams pitched to representatives from 16 host institutions, including Kaiser Permanente, Centura, UC Health and SCL Health, with the hopes of selling them on their technology to both win a monetary prize and to pilot their innovation at one or several of these corporations.
“The healthcare industry presents unique challenges for entrepreneurs,” Steve Adams, CEO of Prime Health, said. “Collaborating with providers and patients early on is key to success, and for the winners of tonight’s challenge, this experience will provide invaluable knowledge on how to scale innovation in the health care industry.”
The first place award of $45,000 went to Nymbl Science, which developed a comprehensive system for measuring, tracking and improving balance for patients at risk for falls.
“It was a dream come true for Nymbl Science to get pilot offers from four of the largest health care providers in the state of Colorado,” Edward Likovich, vice president of operations at Nymbl Science, said. “We are honored to receive the prize money to help make these pilots a reality.”
AI Health, a platform improving communication between hospitals and post-acute care settings, such as nursing homes, took home the Safety Net Award. This had a $45,000 prize as well, but was designed specifically for a startup that addressed pain points for underserved populations.
Other winners included:
- Redox, a full-service integration platform for health care data exchange.
- Listen.MD, an artificial intelligence-based scribing application that allows providers to focus on patients during appointments.
“Companies like the ones involved in the Prime Health Challenge are instrumental in moving innovation forward in health care,” said Jon Hernandez, CEO of PeakMed, which was the title sponsor of the event. “If we can partner with early-stage innovators that need an entry point into the industry — whether through connections, mentors or capital — we will do so since it will take us all to the end game of improving health care access to everyone.”