Ten Healthcare Startups Selected for Inaugural Healthbox Salt Lake City Accelerator

SALT LAKE CITY, Oct. 16, 2014 /PRNewswire/ -- Healthbox®—a leading business accelerator focused on healthcare technology and technology-enabled companies—has selected 10 early-stage companies to participate in the inaugural Healthbox Salt Lake City accelerator. The Healthbox Salt Lake City accelerator was launched through key partnerships with Intermountain Healthcare, Health Equity, Zions Bank and BD (Becton, Dickinson and Company).

Each of the 10 startup companies—nine from Utah and one from Massachusetts—has been offered an initial seed investment of $50,000 from Healthbox and is now participating in the three-month business accelerator in Salt Lake City. They will have unique access to the Healthbox partners and global expert network, supporting their growth in a complicated healthcare system.

The 10 companies participating in the Healthbox Salt Lake City accelerator are:

• Asserta Health enables employers and health plans to reduce medical spending by deputizing consumers with a purchasing card used to pay the full bill at the time of service, even when all or a portion of the funds come from their health plan.
• Kosmo Technologies is developing an airway feedback device that can identify in real-time if an oral appliance will work for a patient, and the optimal jaw position, to treat obstructive sleep apnea.
• LIYEN, Inc. is the creator of Slyder—a stylish, next generation spacer device for asthma inhalers that increases compliance through innovative product design and customization. LIYEN is also participating in Healthbox Chicago.
• LowestMed provides prescription drug pricing information to consumers enabling them to shop, compare and save on out-of-pocket costs.
• ProMD reduces hospital readmissions by showing discharged patients exactly what they need to do, when they need to do it, and by streamlining communication between patients and their medical team.
• simplicityAirway has developed an adapter device that allows for endotracheal intubation and airway access without the need to remove critical life support instruments.
• Symptomly is a Web-based dashboard and communication portal that allows hospitals and insurance companies to manage their chronic disease population. 
• Tute Genomics is a cloud-based platform enabling healthcare organizations to provide precision medicine through genomics.
• whatsnewMD partners with physicians groups and health systems to create a standardized platform for identifying and evaluating medical technologies.
• XableCath is developing a catheter-based device for crossing obstructed lesions in the peripheral arterial system.

"We were pleased with the high number and quality of applicants to the first-ever Healthbox accelerator in Utah and are excited about the great products the selected participants are developing," said Andrew Laver, vice president of Healthbox. "Through the program, we will help the companies develop stronger products, build more effective teams and more clearly understand pathways to market in the complex healthcare industry."

Additional Funding Set Aside for Potential New Investments

In addition to announcing the 10 startups in the Healthbox Salt Lake City accelerator, Healthbox also revealed that it has set aside an additional $300,000 for potential new investments in one or more of these 10 companies participating in this initial Utah-based cohort.

This is the eleventh accelerator operated by Healthbox since its original Chicago program launched in January 2012 as a way to identify and support new businesses serving the healthcare industry. Healthbox opened its Salt Lake City office in June 2014, and the Healthbox Salt Lake City accelerator is its first to be held west of Chicago.

SOURCE Healthbox

Related Links

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