NeuroFlow is heading to Lancaster to see if its biz model makes sense - Technical.ly Philly

Business

Jun. 11, 2018 12:55 pm

NeuroFlow is heading to Lancaster to see if its biz model makes sense

The realLIST company will spend 12 weeks at Lancaster's Smart Health Innovation Lab, testing the efficacy of its platform for tracking biometric data.

NeuroFlow CEO Chris Molaro at the Smart Health Innovation Lab.

(Courtesy photo)

Lancaster, Pa.-based Smart Health Innovation Lab wants to make sure healthcare startups enter the market knowing their market is a real one.

A joint venture between Aspire Ventures, Capital BlueCross, Clio Health and Penn Medicine Lancaster General Health, the accelerator just kicked off its inaugural class with two startups: Canadian medical device company Emovi and Philly-based NeuroFlow.

For the next 12 weeks, both companies will work onsite at the accelerator, running their technology through simulated care environments: hospital room, physical-therapy gym, clinician’s office, self-service kiosk, at-home setting.

“This partnership will play a vital role in our mission in helping health systems access digital health technology to help improve patient engagement and compliance throughout treatment,” said CEO Chris Molaro, an Army Captain who’s been vocal on the topic of veteran mental health and suicide prevention. “We’re certainly excited that the Smart Health Innovation Lab sees value in technologies geared toward improving the patient experience.”

The Center City company raised a $1.25 million seed round last year to build out its team and ramp up sales and marketing. The raise was led by the digital health fund started by local, familiar faces: Ben Franklin Technology PartnersSafeguard Scientifics and IBX’s parent company, IHG. To date, the company has been able to put its biometric data–tracking platform — geared at mental health professionals — at 75 clinics and hospitals.

Adam Pardes, NeuroFlow COO, at the Smart Health Innovation Lab.

Adam Pardes, NeuroFlow COO, at the Smart Health Innovation Lab. (Courtesy photo)

Per the founders of the accelerator, which officially opened last Thursday, the Smart Health Certification will give companies entry into partnering health systems and a path to payor reimbursement.

Advertisement

“We believe our first class of resident companies will positively impact the quadruple aim of healthcare — improving cost, outcomes, and both the patient and provider experience,” said Smart Health Innovation Lab CEO Kim Ireland. “We are thrilled to have such high-caliber companies participate in our inaugural class of 2018.”

Organizations: NeuroFlow
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

What does ‘digital transformation’ mean for healthcare startups in 2019?

This Philly startup is out to get CloudMine’s old clients

Backstage Capital’s accelerator sets up shop at 3675 Market

SPONSORED

Philly

Find entrepreneurial ‘collaboration and collision’ at 1776 at Ambler Yards

Conshohocken, Pa

ShopRunner

Data Engineer

Apply Now
Chesterbrook, PA

Deacom

IT Specialist

Apply Now
Malvern, PA

Vanguard

Sr. Full Stack Developer-Client Experience Lab

Apply Now

These Jefferson students are co-inventing tomorrow’s healthcare technology

At LIFT Labs Demo Day, a glimpse of Philly as a global startup hub

#TBT: That time the Fyre Festival fraudster fled Philly

SPONSORED

Philly

How UArts’ JavaScript certificate program helped this developer successfully change careers

Malvern, PA

Vanguard

Product Owner of Data Science Solutions

Apply Now
Malvern, PA

Vanguard

Java Developer-Entry

Apply Now
Malvern, PA

Vanguard

Technical Lead-Full Stack

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!