Startups compete in Health Tech competition

HealthTechWinners_ToddBuchananThe convergence of health care and technology came together at Scientific Sessions 2015 in the second annual Health Tech competition, which provided attendees with the opportunity to explore the role of technology in the treatment and prevention of cardiovascular diseases, and examine ways to drive innovation and collaboration with the goal of improving patient outcomes.

Seven startups competed in the competition, each seeking to win one of the two coveted awards. A panel of six judges selected the Judge’s Choice and an audience of about 100 attendees voted for the People’s Choice award. The companies were recognized for how well their products addressed patient and provider needs and the potential for the products to improve patient outcomes through an innovative and novel approach.

Judge’s Choice was awarded to Remedy for its mobile app, which allows users to submit pictures of their medical bills to Remedy for auditing. Remedy saves patients money on their medical bills through error identification and correction with payers and providers.

“We’ve processed hundreds of bills and found savings for people over 80 percent of the time. Most of the time, we save people hundreds, and, in many cases, thousands of dollars per bill,” said Victor Echevarria, MBA, co-founder and CEO.

“Our simple and universally accessible customer experience provides financial and psychological relief to our users using a combination of talented medical billing specialists and technology that identifies errors and reconciles them with reality. Good health starts with a healthy doctor-patient relationship. By protecting our users from the paralysis associated with medical bills, we allow that relationship to form and flourish.”

He added that he was honored to receive the award. “It is inspiring to us that the members of the AHA and judges believe in us. We feel that we have gained an ally in our quest to protect and improve the lives of patients across the country,” Echevarria said. “Both during the Q&A session and discussions afterward, it was clear that the judges shared our vision of the future. They saw not only the immediate impact of our offering, but the unique value we can bring patients over time.”

The People’s Choice award went to Constant Therapy, which is revolutionizing the treatment of speech, language and cognitive disorders after a stroke or brain injury with science-based therapy delivered via mobile devices. The therapy is personalized for each individual’s needs with advanced data analytics. Research published in Frontiers in Human Neuroscience this year showed that Constant Therapy empowers patients to recover at home, see significant improvement in everyday living skills and get six times the amount of therapy compared to traditional therapy in the clinic. The app is used by clinicians at major rehabilitation hospitals and clinics and by thousands of patients around the country.

Veera Anantha, MS, PhD, president, founder and CTO, said receiving the award was great validation of Constant Therapy’s product and the need for innovative solutions to help stroke survivors recover their daily living skills.

“The judges had positive feedback on the technology and suggested approaches to increase awareness about Constant Therapy among patients and clinicians. This feedback was helpful for us,” he said. “We got positive feedback from attendees at the conference. Physicians at the conference validated our approach of providing clinically proven therapy to patients at home through their mobile devices and iPads.”