Accenture (NYSE: ACN) has named 11 companies as finalists for the Accenture HealthTech Innovation Challenge, which brings together leading-edge startups with prominent health companies to tackle some of North America’s greatest health challenges.
Attracting more than 2,200 startup applicants in its first three years, the Accenture HealthTech Innovation Challenge supports innovative approaches and solutions for improving the way people access, manage and finance healthcare in North America.
“This annual HealthTech challenges creates an exciting opportunity to connect healthcare incumbents with emerging businesses to drive health system evolution focused on improving the lives of consumers and clinicians by enhancing access, affordability, quality and experience,” said Brian Kalis, managing director of digital health and innovation services at Accenture. “We are all looking forward to the final round and awards ceremony on February 6, 2020 in Houston when the finalists will present to an exclusive panel of healthcare executive judges.”
Among the innovative solutions being developed by this year’s finalists is a digital coaching program that uses evidence-based methodology to monitor and motivate people working through drug addiction, as well as a solution that harnesses social determinants of health (SDoH), economic, behavioral and environmental information to help payer and provider organizations achieve profitable growth while optimizing healthcare delivery and outcomes.
The finalists were selected by a panel of leading executives from some of the world’s largest health companies during regional events held recently at Accenture’s Innovation Hubs in Boston and San Francisco. The finalists are:
- Capital Rx. New York City-based Capital Rx is a pharmacy benefit manager redefining prescription drug pricing for employers, unions and government entities. Capital Rx’s Clearinghouse ModelSM connects pharmacies and employers to establish a marketplace for drug pricing to reduce costs and create a better experience for both plan sponsors and patients.
- Carrot Health. Headquartered in Minneapolis, Carrot Health provides consumer data analytics to highlight SDoH, engage healthcare consumers, close gaps in care, and optimize performance for payer and provider systems. Its MarketView platform leverages a consumer database — which includes social, economic, behavioral and environmental information — and predictive modeling to deliver a 360-degree view of individual patients/members.
- Cleo. Based in San Francisco, Cleo combines technology with human assistance to provide a support system that fills gaps within the healthcare system to help guide families through the journey of parenthood.
- DynamiCare Health. DynamiCare Health’s digital coaching program uses evidence-based methodology to monitor and motivate people struggling with drug, opioid, alcohol and tobacco/nicotine use. Based in Boston, DynamiCare provides a comprehensive suite of services — tailored to the individual and accessible anytime, anywhere — that address the underlying factors of use and retrains the brain, breaking the cycle of addiction.
- InsightRX. San Francisco-based InsightRX helps hospitals and health systems transition from one-size-fits-all drug dosing to individualized dosing based on patients’ unique pharmacology. With an end-to-end precision dosing solution, InsightRX provides tools to predict and optimize dosing regimens, reach and maintain clinical targets, measure performance, and monitor clinical outcomes.
- Lantum. A company that has had success in the UK’s National Health Service and now doing business in North America, Lantum provides a workforce management platform for healthcare and helps hospitals and hospital systems reduce overtime spend, improve staff utilization and retention.
- Mira. Washington, D.C.-based Mira is building the next-generation health delivery network starting with preventative and urgent care. The company teams with urgent care and primary care clinics to bring affordable prices to its members, who typically can’t afford health insurance and don’t qualify for state-based Medicaid programs.
- Orderly Health. Denver-based Orderly Health uses machine learning to identify and repair inaccuracies in healthcare provider directories, providing up-to-date information to inform healthcare decisions.
- Paloma Health. Based in New York City, Paloma Health is an online medical practice helping hypothyroid patients better manage and treat their chronic condition. Paloma offers the over 25 million Americans diagnosed with hypothyroidism access to thyroid testing, specialized treatment, and ongoing management.
- TCARE. St. Louis-based TCARE is an evidence-based family caregiver support program that reduces long-term care claims for Medicaid and Life/LTC insurance carriers by delaying and preventing nursing home placement.
- Xealth. Based in Seattle, Xealth scales digital health programs, enabling clinicians to integrate, prescribe and monitor digital health tools for patients from their electronic health record workflows.
The final round and awards ceremony will take place at the Accenture Innovation Hub in Houston on Feb. 6, 2020. The judging panel will comprise executives from globally recognized health companies, providing the finalists with exposure and access to industry-leading companies to help bring their ideas to market.
The Accenture HealthTech Innovation Challenge, from Accenture’s Health practice, is tied to Accenture Ventures, which is focused on accelerating the adoption of early stage enterprise technology innovations.
Accenture (NYSE: ACN) is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 492,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Accenture’s support of the selected companies will help them as they further develop their solutions and products. In supporting such initiatives, however, Accenture is in no way promoting or intending to market any one particular solution or product or otherwise offer or market a medical device or clinical solution. Each company uses its own operations to ensure compliance with applicable laws and regulations.