After the tech sector, the healthcare industry is growing faster than any other part of the U.S. economy. But 2016 has been a landmark year for teamwork between these two sectors: increasingly, healthcare startups are creating new technology to help move healthcare into the future, drawing hundreds of millions of dollars from investors. Here are 4 healthcare startups to get excited about!
1. Varian & Flatiron: Streamlining Cancer Care
Okay, we confess… this isn’t really a startup, but it’s too cool to leave off the list. It’s a collaboration between two existing companies: Varian, based right here in California, and Flatiron, headquartered in NYC. Both companies are already serving the healthcare sector with software platforms that help people in healthcare careers record cancer diagnoses and administer patient care. Now, they’re going to unite by making a more powerful data collection and analysis system that can be used by individual radiologists and large treatment centers alike. This will make cancer care more efficient across the entire national landscape so that a patient who gets diagnosed in Montana can get treated in Philadelphia without a hitch.
Zack Weinberg, co-founder of Flatiron, described the collaboration to Healthcare IT News like this: “It really did feel like a ‘one plus one equals three’ kind of moment.”
Sounds like a win for cancer patients to us!
2. CognitiveScale: Artificial Intelligence for the Healthcare Industry
Headed by leaders formerly from IBM, CognitiveScale is an artificial intelligence project based in Austin, TX. CognitiveScale’s mission for healthcare is to unify data from patients as well as care managers to make better patient care predictions, reduce ER visits by 3 to 5%, reduce the hospital use load by 33%, save over 10 million annually, and enable continuous care that is accessible to patients outside of the doctor’s office. If successful, this application could be a revolutionary way for machines to help physicians and patients think through the toughest medical problems.
3. iBeat: A Smartwatch for Healthy Hearts
The iBeat device looks like a smartwatch, but for cardiology patients, it’s a lot more valuable. Designing the wearable device was the easy part. The software, which will include a sophisticated 24/7 monitoring system that alerts patients, people in healthcare careers, and emergency responders in the event of a potential heart-related threat, is what will really make the difference. This is a brand-new company that was just announced in May, but don’t be surprised if you start seeing this wearable technology incorporated into patient care by the time you graduate!
4. Augmedix: The World’s First Google Glass Startup, and It’s For Healthcare
If you start seeing doctors wearing Google Glass, don’t be surprised: Augmedix technology is already being used by five healthcare systems around the country, including Dignity Health in California. The idea behind Augmedix is to help reduce the amount of time doctors spend rifling through paperwork and put patient data right before their eyes.
The tech sector’s interest in the healthcare industry is great news for both patients and people in healthcare careers, since technological advances, especially related to the way healthcare data is collected and analyzed, will help make healthcare less expensive and, hopefully, more reliable!
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