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$100k Investment for Every Rock Health Company

Posted on August 28, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

It’s been a busy week for the people at Rock Health. First, they had the Rock Health Boston Demo Day. Yesterday and today they’re doing the Health Innovation Summit in San Francisco. And now Rock Health is announcing that Kleiner Perkins Caufield & Byers alongside longtime supporters Aberdare Ventures, Mohr Davidow Ventures, and the Mayo Clinic are upping their investment in Rock Health startup companies from $20k to $100k per company.

This is a good move by Rock Health. Just yesterday I was reading a Ycombinator founder describe how the added investment that each Ycombinator company got relieved some of the pressure that was associated with the program. Basically, he could make good long term decisions as opposed to forcing decisions because the funding and time frame were so short. I’m sure we’ll see that in Rock Health as well.

For those interested in Rock Health, they just opened their 3 week application period for their Fall cohort in San Francisco. I assume that they’ll be going back to the 5 month program again after doing only 3 months in Boston.

It’s worth noting that NYDHA (New York Digital Health Accelerator) offers $300k to health startup companies. I’m sure there’s going to be a lot of competition to get the best healthcare startups to participate in the various health IT accelerator/incubator programs.

Protecting Children from Identity Theft, the Holy Grail of mHealth, and Using PHR to Improve Safety: This Week at HealthCareScene.com

Posted on May 27, 2012 I Written By

Katie Clark is originally from Colorado and currently lives in Utah with her husband and son. She writes primarily for Smart Phone Health Care, but contributes to several Health Care Scene blogs, including EMR Thoughts, EMR and EHR, and EMR and HIPAA. She enjoys learning about Health IT and mHealth, and finding ways to improve her own health along the way.

EMR and HIPAA
The Real Money is in the ACO, Not Meaningful Use
As part of a series of posts that John’s doing about Accountable Care Organizations (ACO’s) John started an interesting discussion about where the money is in healthcare. We see so many EHR companies and doctors chasing after meaningful use dollars, when the reality could very well be that they’re spending a lot of time and money on something that has a limited and short lived pay out. Instead, many of them should consider focusing on the rapidly changing ACO environment since it will likely have long range and a dramatic impact on their financial future.

EHR Technical Breaches, Great Human and Computer Collaborations, and EMR in India
The number of people tweeting about EMR and health care IT is on the upswing. John posts about some of his most interesting finds in the health care twittersphere this past week. He adds his own commentary on the topics as well, such as disagreeing that the use of Cloud will increase security breaches and agreeing that EMRs should be on the “Six Great Human and Computer Collaborations” list.

EMR AND EHR
Veriphyr HIT Gives Littlest Victims of Patient Identity Theft a Fighting Chance
Adults aren’t the only ones that are susceptible to identity theft; children are some of the biggest targets these days. A recent study revealed that 10% of 40,000 children become victims. Veriphyr HIT recently donated a patient privacy breach detection system to a Minnesota hospital, and Jennifer Dennard decided to follow up on the motives behind this. Alan Norquist, CEO of Veriphyr, discussed with her his feelings on why there have been many hospital breaches recently, the time frame for the donation, and more.

Smart Phone Health Care 
Behavior Change May Be the Holy Grail of mHealth, but Should it Be?
Recently, an article was written by Sara Jackson titled mHealth’s Holy Grail: Behavior change. Over at Smart Phone HC this week, David discusses his thoughts on the article. According to David, he believes that the “human element” that is integrated into many apps today really needs to be human and that the best apps encourage behavior change after the use of the app is discontinued. Can the lack of human interaction with certain apps just make some issues worse? Express your thoughts on the matter over at Smart Phone HC.

EMR and EHR Videos
Nuesoft Podcast Series; Medical Practice Design: Meeting Practical Needs While Improving Patient Comfort
Jeffrey K. Griffin is a LEED certified architect that specializes in health care facilities. In this video he talks about different qualities that should be considered when designing (or in some cases, re-designing) a patient care facility. Topics such as sustainability, current trends in products and features, and what to avoid during this process are discussed.

EMR Thoughts
New York eHealth Collaborative Opens Application for Accelerator Program
The NYeC applications are now available for its accelerator program, New York Digital Health Accelerator. Companies that are selected for this program will receive up to $300,000 and have access to technology experts, NYeC-led EHR/HIE Interoperability Workgroup, and more. Check out this post on EMR thoughts for more information; the deadline to apply is coming up on June 1st.

Hospital EMR and EHR
Using PHR To Correct Provider Drug Lists Can Improve Safety
Medication list discrepancies is a problem to occurs more often than it should. A recent study published in the Journal of the American Medical Informatics Association found that when a patient reviewed their medication list through a linked PHR, the likelihood of unexplained errors dropped significantly. This raises the question of if patients should be shown their information located in their provider’s EMR. Also, would enough patients be willing to review PHR information? The discussion on this topic is over at Hospital EMR and EHR this week.

New York eHealth Collaborative Opens Application for Accelerator Program

Posted on May 24, 2012 I Written By

Katie Clark is originally from Colorado and currently lives in Utah with her husband and son. She writes primarily for Smart Phone Health Care, but contributes to several Health Care Scene blogs, including EMR Thoughts, EMR and EHR, and EMR and HIPAA. She enjoys learning about Health IT and mHealth, and finding ways to improve her own health along the way.

As mentioned in a post on EMR Thoughts,  the New York eHealth Collaborative recently launched the New York Digital Health Accelerator. This program is for “early- and growth-stage digital health companies that are developing cutting edge technology products in care coordination, patient engagement, analytics and message alerts for healthcare providers.”

The application for this program is now open, though the deadline is quickly approaching on June 1st. After the deadline, a committee will review the applications and select up to twelve companies to participate based on different expectations such as product innovation, management’s track record, and company stage.

The companies that are selected will receive up to $300,000 throughout the course of the program. According to the NYDHA website, participants who are selected will also receive the following:

  • Access to clinical and technology feedback from the participating provider organizations.
  • Technology experts to help customize and integrate product to the statewide network that integrates all of the EHR data across the state.
  • Participating in a leadership program in which you will be able to interact with a network of healthcare leaders, successful entrepreneurs and investors.
  • Access to the NYeC-led EHR/HIE Interoperability Workgroup network of providers, states, and vendors from across the country.

This program is being sponsored by many different providers and investors. A full list can be found here.

Companies all around the country can apply as long as they meet the requirements. Companies that should not apply include pharmaceutical, biotech, surgical medical device, and diagnostics companies. Frequently asked questions are available concerning a variety of topics relating to the application and the program.

There was a information and networking event held on May 10th concerning the accelerator program and it was streamed live. It has been posted here for those who missed it.

For companies that are interested, the application is available here. Be sure to turn it in by June 1st, and finalist interviews will be held on July 19th and 20th in New York City. The program will officially begin on September 10th.

Healthcare Incubation Growing – NYC Launches Healthcare Accellerator and Healthbox Expanding

Posted on May 7, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

I must admit that it’s getting harder and harder to keep up with all of the Healthcare IT Accelerators, Healthcare IT Incubators, Healthcare IT that are going up all over the place. The interest in investment and incubation of healthcare IT companies is huge right now. It’s an exciting time for those of us in the Healthcare IT space and an even more exciting time to be a healthcare entrepreneur.

Two recent announcements that caught my eye were the following.

NYeC Launches the New York Digital Health Accelerator (NYDHA) – You can read the full release, but it’s a $4.2 Million program to accelerate the creation of digital health technology companies in New York City. It’s an interesting collaboration of the New York City Investment Fund (NYCIF) joined the New York eHealth Collaborative (NYeC) and the NYS Department of Health (DOH).

I think the thing that sets apart the NYDHA (that’s a long name even abbreviated) is the $300,000 each company gets along with the 18 healthcare providers that have agreed to participate in the program. We’ll see how well NYDHA can execute on this relationship since I believe it’s key. A healthcare IT accelerator program could provide nothing more valuable than actual customers for these healthcare IT products.

I also just saw that on May 10th the New York Digital Health Accelerator program is putting on an information and networking event. It says they’ll be streaming the event live. Looks like a great group of speakers and shows the depth of their connections.

Healthbox Launches Boston Healthcare Startup Accelerator – Healthbox launched its first program in Chicago. I think it’s a smart move for them to go to Boston (or Cambridge if you prefer) since it is a hotbed for healthcare IT. They’re offering $50,000 in seed capital for the 3 month program that will go from August to November.