New York City-based Blueprint Health has announced its eighth class of startups. The addition of these eight companies brings the accelerator's portfolio up to 68 companies total. According to Blueprint, 87 percent of the companies that have participated in its program are still in operation and 85 percent of those are generating revenue.
Blueprint is a member of TechStars’ Global Accelerator Network, and startups in the Blueprint Health accelerator receive $20,000, office space in SoHo, and $50,000 in perks including server space and legal counsel. Blueprint takes a 6 percent equity stake in exchange.
"As an entrepreneur, you must ask yourself if joining Blueprint Health is worth the equity," the company writes on its recently re-vamped website. "If you think your company is worth $3 million to $5 million (typical seed round valuations), you have to believe that we can add $100,000 to $200,000 of value to your company. Having worked with 60 companies, we have proven an ability to help our companies acquire customers and accelerate their fundraising process. The majority of our alumni would state that the value we have added has been exponentially greater than the equity they gave up. Time is typically an early stage entrepreneur’s most limited resource and we help you move faster to your sales, fundraising and team development goals."
Here are the eight companies joining Blueprint Health:
Bind Health wants to help make new parents aware of their options when it comes to prenatal genetic testing. As well as counseling services, the startup will provide software that includes a timeline to track decisions and information, and comparisons of different genetic testing options.
Crediyo offers a turnkey product for patient lending, so practices will have to write off fewer patients who can't pay and can improve their cashflow.
According to Blueprint, eKovia "helps hospital hire top talent with the most robust database healthcare professionals and algorithms to predict who is open to new job opportunities". eKovia's website suggests healthcare is just one vertical for the company.
GetCompliant offers an app called Canary to help doctors comply with HIPAA's privacy and security guidelines. It works with cloud-based EHRs and integrates with doctor's emails to automatically detect patient information and alert doctors before they accidentally share it.
MedPilot is a patient-facing software offering for managing medical payments. It offers a dashboard to manage medical bills and customizable payment options including digital payments.
Oculus Health is working on a platform that helps doctors connect with and manage patients with chronic conditions. According to Blueprint, the platform is "designed to meet the requirements of Medicare’s new chronic care billing code".
Stress-reduction is the target area of Psocratic, which works with employers to offer an app that includes time management, productivity, and resilience training exercises.
TrackER will use geolocation technology in an effort to prevent hospital readmissions and redundant testing in the emergency room.