THE MEDICAL CAPITAL INNOVATION COMPETITION
Cleveland, OH - April 25 - 26, 2017
22 Professional and 5 Collegiate Teams Selected out of 180 to Compete in “All Things Data in Healthcare” Business Plan Competition; $100,000 in Cash Prizes and Access to World-class Healthcare Expertise
CLEVELAND – April 18, 2017 - The Global Center for Health Innovation (GCHI), Cuyahoga County, BioEnterprise, and HIMSS (Healthcare Information and Management Systems Society) are pleased to announce the inaugural Medical Capital Innovation Competition participants. Registered teams represent a variety of big data healthcare categories including patient engagement and compliance, clinical trial optimization, EHR (electronic health records) optimization, and decision support.
Following are the selected competitors:
BehAlvior – Pittsburgh, PA
iRxReminder LLC – Cleveland, OH
nQ Medical, Inc. – Cambridge, MA
CardioLogs – Palo Alto, CA
LabAI – Cleveland Heights, OH
Proscia – Baltimore, MD
CareVoice – Toledo, OH
MDOps – Melville, NY
Public Insight – Hudson, OH
Dash MD – North York, Ontario, Canada
MedRespond – Pittsburgh, PA
Rubitection – Pittsburgh, PA
EternaLedger – Rocky River, OH
Mehkos Health – Pittsburgh, PA
SimplifiMed – Fremont, CA
EXAID – Pittsburgh, PA
NeuraMetrix Inc. – Hillsborough, CA
TPA Stream – Rocky River, OH
Faros Healthcare – Nashville, TN
NeuroLogix Technologies – Cleveland, OH
Xpress Connection – Santa Fe, NM
HealthTech Solutions – Iowa City, IA
NeuroRadVision – Cleveland, OH
HealthWizz – Falls Church, VA
NICUtrition – Ewing, NJ
Hyr Medical – Cleveland, OH
NopNeu – Cincinnati, OH
“The Innovation Competition attracted 180 applications from industry professionals and university students,” said Carla Smith, executive vice president of HIMSS. “I am thrilled to see the level of interest and expertise in this first inaugural Medical Capital Innovation Competition from applicants and I am especially looking forward to observing the new health IT solutions that develop.”
The inaugural Medical Capital Innovation Competition “All Things Data in Healthcare,” will be held in the HIMSS Innovation Center at the GCHI, Cleveland, OH, April 25-26, 2017. Professional and collegiate teams will compete for $100,000 in prizes, mentoring, and access to business advisors, including world-class healthcare systems and collaborators. Interested individuals, community members, and friends and family are invited to watch the presentations on the second day of the competition, April 26th. Admission is free. For more information, and to register: www.medicalinnovationcompetition.org.
“One of the key strengths of Cuyahoga County is healthcare and it makes good sense to build upon those assets,” said Cuyahoga County executive Armond Budish. “This competition promotes a culture of healthcare innovation and fosters further economic development - creating new products and services, helping businesses flourish and supporting job creation.”
The healthcare industry generates massive amounts of data. Emerging trends, including Internet of Things (IoT) and Bring-Your-Own-Device (BYOD), magnify not just the volume of data, but also the number of sources and formats. The industry is only beginning to scratch the surface of managing and optimizing all of the data collected.
“Cleveland, The Medical Capital, continues to build upon the strengths of its health IT assets,” said Aram Nerpouni, president and CEO, BioEnterprise. “In the health IT and service sector alone, Cleveland-area startup funding more than doubled from $20 million in 2015 to $50 million in 2016. The Medical Capital Innovation Competition will only further future growth of this important sector.”
About The Medical Capital
The Medical Capital initiative is a collaboration of Cleveland’s internationally renowned clinical, educational, and research institutions, philanthropies, government, and economic development engines. Convened by BioEnterprise, the initiative promotes the vibrant biomedical and healthcare industry in the 18-county Northeast Ohio region. The Medical Capital includes more than 700 biohealth companies, 30 clinical, research and educational institutions, 230,000 biomedical and healthcare workers, $650 million annually in research funding, and $200 million annually in private startup funding. For more information: www.TheMedicalCapital.com.
BioEnterprise is a business formation, recruitment, and acceleration effort designed to support the growth of bioscience companies. Located in Cleveland, BioEnterprise provides management counsel and support services to health IT, medical device, and biopharmaceutical companies. BioEnterprise founders are Case Western Reserve University, Cleveland Clinic, and University Hospitals. Additional technology partners include the NASA Glenn Research Center, Cleveland State University, and BioOhio. The initiative comprises the collective activities of BioEnterprise and its partners’ commercialization offices: The Case Office of Technology Transfer, Cleveland Clinic Innovations, and University Hospitals Cleveland – Center for Clinical Research. The combined efforts of these groups has created, recruited, and accelerated more than 300 companies in 15 years. For more information: www.BioEnterprise.com.
About Cuyahoga County
Cuyahoga County is home to world-renowned healthcare facilities, including Cleveland Clinic, University Hospitals and the MetroHealth System. It is also home to 1.2 million people and is comprised of 59 unique and distinctive communities, with Cleveland as its nucleus. The county is the economic center of Northeast Ohio.
The County has a booming biotechnology and biomedical industry. There are over 700 bioscience-related companies within its borders. The healthcare and biomedical industry together employ over 230,000 individuals.
HIMSS is a global voice, advisor and thought leader of health transformation through health IT with a unique breadth and depth of expertise and capabilities to improve the quality, safety, and efficiency of health, healthcare and care outcomes. HIMSS designs and leverages key data assets, predictive models and tools to advise global leaders, stakeholders and influencers of best practices in health IT, so they have the right information at the point of decision. Through its health IT network of over 1 million experts, over 200 knowledge exchanges and collaborations, including 64,000-plus members, HIMSS drives innovative, forward thinking around best uses of technology in support of better connected care, improved population health and low cost of care. HIMSS is a not-for-profit, headquartered in Chicago, Illinois with additional offices in North America, Europe, United Kingdom and Asia.
About The Global Center for Health Innovation
The Global Center for Health Innovation was built in Cleveland to serve as the focal point for healthcare innovation, conventions, and industry-specific meetings, and is home to internationally-recognized brands such as GE Healthcare, Siemens, Philips Healthcare, Cisco Systems, Cardinal Health, and the Healthcare Information and Management Systems Society (HIMSS) along with Cleveland Clinic and University Hospitals. Under the direction of the Cuyahoga County Convention Facilities Development Corporation (CCCFDC) and managed by SMG, the Global Center is home to 45 of the world’s leading healthcare brands and more than 300 industry meetings annually. Each tenant partner space displays innovation and technology contributing to the overall mission of improving patient outcomes and lowering costs for healthcare providers and consumers. To learn more, visit the Global Center website at www.theglobalcenter.com
To learn more about Cleveland as the nation’s medical capital, visit www.TheMedicalCapital.com.