Meet Startups: 5 in Seattle

The home of companies like Amazon.com, Zillow, Expedia, and Costco, Seattle also serves as the headquarters for innovative medical startups. We’d like to introduce you to 5 of the angelMD-listed started ups who call Seattle – or the greater Seattle area – home.

Pintler Medical

Pintler Medical is a patient warming/pressure redistribution developer and distributor of patient warming devices and pressure redistribution pads. Their operating room table pads are FDA approved, and heat to the maximum allowed by safety guidelines and the FDA.  The torso pad heats like a car seat.  No disposables, no medical waste, no added labor, no noise in the OR and ease of operation.   A patient warming device with years of life.

CadenceMD

CadenceMD helps clinics increase profitability and patient satisfaction by improving throughput. Our solution tracks the right doctor, patient and staff activity, and provides the analytics and insight needed to optimize scheduling, patient flow, and workloads.  As a result, clinics run on time, capture missed revenue and reduce staff costs.

MedaNext

MedaNext has a product for human healthcare providers, and for veterinarians. Their products allow providers to quickly create a custom health path (care plan) for pre and post-surgical care, chronic illnesses and wellness plans. The products are accessible from any internet connected device. The application includes learning activities, appointments, a daily task view, messaging and a health journal for patients.

Health123

Health123 enables people to understand and improve their wellness by making simple choices every day that are informed by personal data and professional advice. Their mission: to make Prevention popular and accessible. Their proprietary Wellness Index, composed of results from expert self-assessments and the convenient Health123 at-home blood analysis, is the foundation for their signature ‘Know, Change, Track’ approach.

Cardiac Insight

Cardiac Insight‘s simple Patch type product can improve the diagnosis and treatment of atrial fibrillation. The product utilizes a highly accurate algorithm with 100% sensitivity. The device is designed for low power, battery operated applications and can be wearable for up to 7 days. The device will allow data to be directly downloaded with automatic report generation in a physician’s office; eliminating the need to send the device to a third-party service center that is standard practice today.

You can learn more about these startups, and the other angelMD-listed companies here.

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angelMD Registration – Now Invitation Only

Over the past several months, the angelMD team has been preparing the web site and welcoming new physician investors to the network. As we move into the home stretch before our official launch at the J.P. Morgan Annual Healthcare Conference in San Francisco, we have shifted registration to an invite-only system.

We are excited by the response we had during our Alpha testing period and welcome interested physicians and dentists who did not get a chance to register to add their name to our waiting list. In Q1 we will begin funding companies and will be making announcements to that affect, including the launch of our first fund at the launch. We will add investors to network intermittently throughout Q1 as we increase the volume of funding deals.

 

 

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Healthcare Trends, Where the Money Flows

Mohit Kaushal, MD of Aberdare Ventures wrote a strong piece in Xconomy entitled Healthcare Megatrends, Part 1: Shifting Risk.

Dr. Mohit correctly states that the policy landscape is an accelerant for change rather than a primary driver….at least in most cases. He states that reform under way should result in a more cost-effective and consumer-centric health system. This is a loaded statement and certainly it’s the hope and aim of many efforts underway, but there are massive forces, most notably consumer behavior, that present more than a little resistance.

While identifying macro trends is a requisite component in creating an investment thesis, it’s equally important to identify where the money flows. When you look at the healthcare landscape, there are very few winners to date in the health technology space, if you define ‘winners’ as companies generating wealth. Investors might point to examples like Practice Fusion and ZocDoc. And indeed if you equate raising capital with success, they have both done well. If, on the other hand, you equate success with wealth creation, the verdict is still out.

The angelMD thesis is that a handful of us in the Bay Area, Seattle, Houston and NY are not going to come up with the answer to “who is going to win?’ Rather, we are going to rely on the wisdom of the crowd…and the smartest crowd in this space in our experience, is one comprised of physicians.

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