Healthbox, the health tech business accelerator that opened a Nashville program this fall, has selected its first class of companies, which are already working out of the Entrepreneur Center.
Of nearly 30 companies interviewed, seven were selected for the program. Of the seven, five are from Nashville. The companies participating in the program are:
Atlas Health: A cloud-based platform that helps health IT organizations launch new solutions and exchange data with partners while staying compliant with federal privacy regulations.
Axial Healthcare: Automates evidence-based decision support for chronic pain therapy, reducing variability in interventional procedures, opiate prescribing and spine surgeries.
Clariture Health: A digital marketing and advertising platform that helps providers communicate the right message to the right person at the right time in order to drive patient volume, improve payer mix, as well as keep patients loyal and healthy.
eClinic Healthcare: An intelligent communication platform allowing providers to use two-way video, voice and secure messaging to deliver consultative health care to their own patients within a Web-based and HIPAA-compliant environment.
Gema Touch: A patent-pending product linked to a cloud-based service that improves mobile patient engagement and remote monitoring.
PRSM Healthcare: A seamless solution for managing gastroenterology (GI) patient follow-up, cancellation and no-show needs by identifying and engaging patients regarding their follow-up care.
Remedify: A cloud-based software that takes the guesswork out of sterile processing at hospitals and surgery centers.
Healthbox has a dual mission to empower healthcare entrepreneurs while serving as a catalyst of change by exposing the industry to new and innovative solutions.
Healthbox is a platform to stimulate early-stage innovation, enabling entrepreneurial success while creating a collaborative global ecosystem to build positive change in the healthcare industry. Our goal is to identify high- potential healthcare technology startups that address the meaningful industry challenges and provide them with the resources, support and network to enable rapid development and growth.
We also aim to provide a valuable platform for the wider industry to engage with innovative companies and learn from the broader entrepreneurial community. Collaboration is an essential word in every healthcare industry leader’s vocabulary. The systemic pressures to simultaneously reduce costs and respond to new payment incentives while improving quality have created an undeniable imperative for change. The Healthbox platform is facilitating the formation of unique partnerships where silos once stood.
Healthbox was created to uncover and foster innovative solutions and to deliver a collaborative infrastructure to enable entrepreneurial success.
The entrepreneurs selected to participate in one of our 16-week programs receive structured, customized support designed to address the challenges unique to starting a business in healthcare. Benefits of the platform include:
+ Seed Capital: Healthbox startups receive $50,000 to fund their development over the course of the program.
+ Industry Context: For the first two weeks of the program, startups complete a rigorous boot camp concentrated on strengthening their value proposition, building their business model and understanding how their solution fits into the larger healthcare system.
+ User Insight: Entrepreneurs test key product-design assumptions by conducting qualitative end-user research, with support from leading design innovation consultancy firms.
+ Market Traction: Healthbox startups receive training on best practices for initiating, structuring and executing pilots and beta tests. Our extensive industry network creates unique opportunities for collaboration.
+ Mentorship: The Healthbox experts are dedicated and accomplished leaders from across the healthcare continuum. They provide Healthbox startups with invaluable knowledge, guidance and industry access.
+ Office Space: Our entrepreneurs join a vibrant Healthbox community of investors, mentors and alumni, grounded in local offices that provide participants with a collaborative, creative workspace.
+ Fundraising and Growth: Healthbox works closely with each startup to develop individualized fundraising and growth strategies. These plans are revealed at Innovation Day, a high-profile event, which showcases the companies to the industry and investor community.
In exchange for the program benefits, startups provide Healthbox with 7% equity. On average, participants in the program achieve tremendous progress, doubling their number of partnerships, tripling their number of pilots and successfully securing follow-on investment through angels and venture capital firms. They also become lifetime members of a robust network of healthcare innovators, positioning themselves to affect meaningful change in the industry and achieve long-term growth.