New York Digital Health Accelerator announces its 2014 class

New York Digital Health Accelerator

The 2014 New York Digital Health Accelerator (NYDHA) announced this year’s line-up of healthcare startups, selected to benefit from the business development program. According to Maria Gotsch, President and CEO of the Partnership Fund for New York City, the 2014 class, consisting of seven companies, was selected through a “competitive process from a pool of over one hundred applicants” by the senior technology and innovation executives of the state’s twenty-three leading health care systems.

In its first year, the class has raised $21 million in additional capital and created 120 new jobs in New York City. Two of these startups, Avado and Remedy Systems, were acquired within 6 months of graduating.During the four-month program, participating start-ups will work closely with these senior-level executives to fine-tune and develop their technologies and business strategies through direct mentorship as well as a series of workshops, panel discussions, user-group sessions, networking opportunities, one-on-one meetings and presentations. What’s more, these companies will receive on average $100,000 in capital investment.

The 2014 class includes:

  • AllazoHealth addresses the problem of medication non-adherence by leveraging existing member data to anticipate which patients will not take their medications to predict how best to effectively influence each patient to take their medication.
  • Clinigence‘s solution — built around clinical data analytics, semantic data aggregation, and predictive modeling — provides real-time clinically-based reports about care gaps which help healthcare providers improve outcomes to proactively address the shift to value-based models and the growing demand for quality patient care.
  • Covertix helps healthcare organizations protect and control confidential data shared between patients, healthcare professionals, hospital networks and third party vendors to improve their coordination of care.
  • iQuartic‘s technology merges, structures and mines EHR, PBM, claims and mHealth data for analytics that inform and benchmark care based on outcomes/best practices and adjusted population.
  • Noom makes software to help people live healthier. For consumers, the Noom Weight Loss Coach, with over 11 million downloads, coaches users on nutrition and exercise. Noom’s different patient engagement apps are based on its consumer-facing app.
  • Quality Reviews empowers patients through their flagship product,, a real-time, mobile patient feedback tool.
  • Sense Health uses mobile technology to build personal connections between providers and high-risk Medicaid patients to improve outcomes and the quality of care.

The New York Digital Health Accelerator is formed as a public-private partnership sponsored by the State of New York, the nonprofit New York e-Health Collaborative (NYeC), and the Partnership Fund for New York City, the investment arm of the city’s leading business organization.

Investment capital for the participants will be provided by Baxter Ventures, Deerfield Management Company, Milestone Venture Partners, New Leaf Venture Partners, Safeguard Scientifics and the Partnership Fund for New York City. Strategic sponsors of the NYDHA include Genentech (A Member of the Roche Group), Infor, Merck Global Health Innovation Fund, and Pfizer. The Empire State Development Corporation and NYeC will also provide additional funds. Finally, mentoring will be provided by twenty-three leading healthcare organizations, including insurance companies, medical centers and hospital groups.