Startupbootcamp Digital Health cohort members and alumni took to the Launchpad Stage during the eMerge Americas Conference on April 30, the location of SBC Miami’s 2019 Demo Day. Founders from BioVirtua, Care Angel, DENTIDESK, Roundtrip, and Quick’r Care honed their presentations and gave the audience a glimpse into the big healthcare problems they are solving.
The founders were joined at Demo Day by a panel led by serial health-tech entrepreneur David Vinson for a “real talk” discussion about what it means to be a startup founder and to grow a startup business.
“At SBC, we surround our startups with the help, connections, funding, and programming they need to have the maximum chance for success. Statistics show that 90% of startups fail within five years. A big part of why we exist is change those odds. In fact, 73% of Startupbootcamp participants receive follow-on funding for their business.”
– Managing Director Allan Daisley
2019 SBC Cohort Pitches
Obtaining quantifiable human-movement data is a game-changer for injury recovery and the management of chronic illnesses that affect mobility. Before BioVirtua, only two options existed to diagnose mobility issues: one is the use of a plastic tool called a goniometer and the other is sending patients to a lab with numerous cameras and monitors, which can intimidate patients. Now, the 200,000 physical therapists, 60,000 neurologists, and 260+ accountable care organizations have a new option grounded in data analytics. BioVirtua has launched three institutional review board (IRB) trials at Duke University and Mount Sinai Health System. The company is currently raising $1 million to accelerate the deployment of its in-home platform and bring 5,000 new patients on to the platform.
Today, 700,000 dentists in the Americas are still using antiquated and decentralized software systems, costing them about 1,300 hours of lost time per year. The software solution that computer engineer Carolina Calderón created and tailored for them, called DENTIDESK, represents a $70 billion business opportunity. What drives DENTIDESK in its software iterations and client deployments is giving those 1,300 hours back to dentists, office managers, and staff in the form of extra income and better quality of life. In addition to dental practices, DENTIDESK has set up university partnerships to prepare the next generation of dental students to efficiently run their own practices. DENTIDESK enjoys a 99% retention rate and revenue has doubled every year since the company’s creation.
Roundtrip had two big Demo Day announcements about its progress during the Startupbootcamp program. Its first Florida partnership was finalized in April with Brooks Rehabilitation. Also, the company recently fully raised its Series A round of funding. Great job, Roundtrip! With one in five patients nationally missing their medical appointments due to transportation issues, Roundtrip is clearly offering a much-needed solution in the healthcare system. The company’s customer base has reduced its patient no-show rate to only 4%, compared to the national average of a 20% rate. The number of Roundtrip rides given to patients in 2018 was 10x more than 2017.
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