Almost all 10 DreamIt Health startups are running pilots, raising funding - Technical.ly Philly

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Nov. 3, 2014 12:05 pm

Almost all 10 DreamIt Health startups are running pilots, raising funding

We recap DreamIt Health's demo day.
Elliot Menschik, DreamIt Health managing partner, at DreamIt Health Demo Day 2014.

Elliot Menschik, DreamIt Health managing partner, at DreamIt Health Demo Day 2014.

(Photo courtesy of DreamIt Health)

Nearly all of the startups who participated in the second Philadelphia-based class of the DreamIt Health are running pilots and raising funding, according to startup demos at Demo Day last week. DreamIt Health is DreamIt Ventures’ health IT startup bootcamp.

It was the same case for the first class of DreamIt Health startups, many of whom had launched pilot programs with DreamIt Health partners Independence Blue Cross or Penn Medicine. Those partnerships are a major draw.

The one company that didn’t have a pilot in its near future was Drop Diagnostics, a medical device company that aims to diagnose illnesses with one drop of blood, rather than a whole blood draw. The company, founded by Penn grads, is raising $500,000 to fund their product development phase.

Drop Diagnostics wasn’t the only DreamIt Health startup run by founders straight out of college — at least three other startups were, too.

Below, find a list of DreamIt Health startups and information about their pilots and fundraising. One startup did not demo: predictive scheduling software company willseeyou.

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TrueClaim, which aims to prevent fraudulent insurance claims, is launching a pilot with 250,000 Independence Blue Cross members. The company is raising an undisclosed amount.

Tissue Analytics, which developed an app to monitor wounds, is launching with six pilots. The founders, recent Johns Hopkins grads, are raising an undisclosed amount.

NarrativeDx, which collects and analyzes patient satisfaction data, has three paid pilots, with hospitals like the New York University Medical Center and upstate New York’s Ellis Medicine. The startup is raising $500,000 to expand its team, CEO Senem Guney said in her demo.

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RegDesk, which connects companies to regulatory experts, has completed five projects so far, CEO Priya Bhutani said in her demo. The Delaware-based company is raising an undisclosed amount. (Our sister site, Technical.ly Delaware, profiled RegDesk earlier this summer.)

Researchers at Penn, Drexel and Mt. Sinai are using BioBots’ 3D printers to print human tissues that they can do research on. Founded by recent Penn grads, BioBots is raising an undisclosed amount.

TowerView Health, a “smart” pillbox that helps people remember to take medications, is launching a 200-patient paid pilot with Penn Medicine and Independence Blue Cross. Founded by a crew of recent Duke grads, TowerView Health was the only company that didn’t announce that it was raising money during its demo.

Haystack, which helps prevent data breaches at hospitals through data analysis, has a big name Chief Medical Officer: Children’s Hospital of Philadelphia Chief Medical Information Officer Bimal Desai. Haystack was the winner of Open Canvas, DreamIt Ventures’ program that looked for startups within CHOP. Haystack has four current pilots and is raising an undisclosed amount, Desai said during his demo.

RistCall, a wearable tech company that wants to update the nurse call button, is launching its first pilot next month in Pittsburgh, said CEO Srinath Vaddepally. The firm is raising $1 million. The RistCall team came from Pittsburgh but plans to stay in Philly because of “multiple pilot commitments” in the area, Vaddepally wrote in an email.

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Companies: RegDesk, DreamIt Health
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