Dallas’ health startup community earned a win this week, as accelerator Health Wildcatters announced yesterday that it has achieved a second exit. A company that went through the program in 2014 was acquired by Nike. The company, Invertex Ltd., uses computer vision to create 3D scans of feet. (TechCrunch has an explainer on computer vision if you’re interested in how it works). It is based in Tel Aviv, Israel, and will help Nike “deepen our digital talent and further our capabilities in computer vision and artificial intelligence as we create the most compelling Nike consumer experience at every touch point,” Nike… Full Story
On Monday afternoon, some innovation-minded hospital administrators gathered at Factory Six03, a trendy spot in downtown Dallas’ West End, to talk about hospital innovation. And they didn’t disappoint, offering some straightforward thoughts on topics ranging from a trend toward smaller, community hospitals, to telemedicine, to navigating a tricky transition period between fee-for-service and value-based care. With myself asking the questions, the panelists for the Dallas Startup Week event were Matthew Chambers, chief information officer at Baylor Scott & White Health; Suresh Gunasekaran, VP and chief of operations at UT Southwestern Health System; and Julie Hall-Barrow, VP of virtual health and… Full Story
A UT Southwestern Medical Center geneticist discovered a link between a gene mutation and low levels of cholesterol, leading to the development of new drugs to combat unhealthy cholesterol levels. This week, that geneticist, Dr. Helen Hobbs, was honored with the fifth-annual Harrington Prize for Innovation in Medicine, becoming the first woman to win the award. The Harrington Award is a collaboration by The American Society for Clinical Investigation (ASCI) and the Cleveland-based Harrington Discovery Institute at University Hospitals Case Medical Center. It goes to physician-scientists who’ve moved science forward with specific achievements that demonstrate innovation, creativity and potential for… Full Story
Dallas-based Axxess, which makes software for home health companies, bought a healthcare data analytics company this week. The company said Tuesday that it has acquired Waterville, Maine-based Home Health Gold. The two companies had a pre-existing relationship, as Axxess had incorporated Home Health Gold into its software. The analytics company has 10 employees and serves hundreds of customers. David Merk will remain its president and CEO. “Since partnering with David to incorporate Home Health Gold into Axxess software, I have been impressed by the Home Health Gold technology and David’s commitment to providing the best data analysis tools,” Axxess Founder… Full Story
Last spring, someone reached out to IBM on Twitter about using artificial intelligence to help a 29-year-old woman affected by the neurological disorder Rett syndrome. The woman, named Boo, needed help communicating with the outside world. IBM’s Tim Duncan reached out to Darwin Ecosystem founder and former IBM research and development leader Thierry Hubert, and “The Cognitive Story” was born. Less than a year later, Darwin Ecosystem, a Dallas-based big data analytics company, is a finalist for the 2018 South by Southwest Interactive Innovation Award for developing a machine that uses EEG brainwave monitoring to allow limited persons to communicate.… Full Story
A healthcare provider comparison resource has added a mobile application to its lineup. Dallas-based MediBookr, which grew out of the healthcare innovation accelerator Health Wildcatters, announced the launch of the app on Thursday. MediBookr uses analytics to guide employees in exploring medical services and making informed healthcare provider decisions. It comes free for members once their employers opt in through their medical benefits package. MediBookr makes the announcement on the heals of shoring up $675,000 in seed funding to boost products and client support. “Consumers today want better resources to compare healthcare options specific to their needs, insurance, and budget,”… Full Story
The platform revolution is real, and its tentacles far-reaching, and we’re starting to see this Uber- and Airbnb-fueled approach reach healthcare. In the January-February issue of D CEO, Thomas Korosec wrote about another example. After growing a physical therapy staffing company to $16 million in annual revenue, entrepreneur Nate Foreman and colleagues are making it easier to schedule PT house calls. Their startup, Zuum, allows patients to choose their physical therapists via a digital platform. There’s more to it than that, so read Korosec’s story in full here.
This week, Amazon, Berkshire Hathaway, and JPMorgan said they’re banding together to build an independent healthcare company. The aim is to do better by their U.S. employees and reduce costs. More: The three companies, which bring their scale and complementary expertise to this long-term effort, will pursue this objective through an independent company that is free from profit-making incentives and constraints. The initial focus on the new company will be on technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost. Not a lot of detail in that snippet, which… Full Story
On Tuesday, Health Wildcatters CEO Hubert Zajicek offered his 10 hot healthcare innovation areas for 2018. These are areas, he says, that will see investment in the coming year. One thing to notice about the list—and that Zajicek himself mentioned during the presentation, which he delivered at HW’s monthly Pulse breakfast—is that several of the 10 are actually a couple of bullet points wrapped into one. Ten proved too narrow a number. That is to say that there’s a whole lot of opportunity for innovation in healthcare right now. Zajicek’s list features spaces you might expect: things like health insurance… Full Story
Dallas-based Health Wildcatters, a healthcare seed fund accelerator, has announced the names of nine companies that have been selected to participate in its 2017 program.