Austin’s startup scene continues to gain steam with over $40M in funding during the month of October. No industry within our tech community has seen more recent growth than companies attempting to change the way Healthcare is managed and delivered. Below, we’ve highlighted 5 of the best Austin Healthcare startups that are working on reinventing the industry.
Fresh off a recent partnership with athenahealth that included an investment of $3.32M, Patient IO has created a leading care coordination platform focused on improving communication and outcomes between healthcare professionals, providers and patients. The Patient IO platform allows patients and their caregivers to utilize shared care plans, coordinate activities remotely, provide analytics to help identify high-risk patients, create tailored education programs and manage medication all within a secure mobile, web and wearable platform. Expect great things in the future with the combination of Patient IO’s device agnostic focus and their collaboration with athenahealth’s More Disruption Please accelerator program.
eRelevance Corporation is a HealthcareIT startup in Austin that offers a unique Progressive Patient Engagement Service for healthcare providers and health systems. The company’s cloud-based HIPAA-compliant service gives healthcare providers the ability to take an automated approach to keeping in touch with their patients post-care through more engaged, personalized conversations. Their service allows users to segment their patient groups in an effort to personalize patient interaction, track patient interaction effectiveness, track patient background information, analyze the clinical and financial impact of each patient engagement, manage appointments, and indicate patients who are candidates for additional services. eRelevance closed an $800,000 investment on September 23, 2015.
Mimir Health is an analytics provider whose mission is to advance actionable insights that drive healthcare efficiencies. MImir’s analytics platform focuses on 3 main components: financial optimization, benchmarking E&M coding trends, and managing patient actions while understanding there impacts. Mimir Health closed 200,000 in funding at the end of June of 2015.
Austin-based healthcare startup RxWiki has an audacious goal: to publish the world’s most comprehensive medication encyclopedia covering prescription, over the counter (OTC), and natural products. Product quality is ensured by requiring all information within the company’s encyclopedia be edited and published by licensed pharmacists. Beyond their knowledge-base, RxWiki provides users with a comprehensive library of discounts and assistance offered directly from drug manufacturers that allow users to save hundreds of dollars. The company’s October $5.75M funding round led by LiveOak Venture Partners and Milestone Venture Partners has the company poised for a huge push in the upcoming year.
HNI Healthcare delivers health services focused on improving patient outcomes while improving client’s performance. The company’s technology product, hmvitalsigns, has several key focus areas including: workflow management, real-time interoperability, improved visibility, Case Mix Index display, along with detailed analytics including referral details, productivity, readmissions, peer-to-peer benchmarking and other key performance metrics. In April of 2015, the company received $8.45 million in funding led by Sante Ventures.