With the goal of advancing digital health companies in business model validation and commercialization, KidsX innovation programs facilitate collaboration amongst leading companies in the industry and the KidsX Hospital Consortium to elevate innovation in clinical and outpatient settings. KidsX Alumni companies have successfully completed KidsX accelerators, thoroughly vetted their products, and effectively utilized provided resources. Consequently, they have become permanent members of the KidsX network, achieving significant milestones that showcase their continuous growth since completing the accelerator program. Here are some notable highlights from Q3-Q4 2023:
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Funding and Expansion:
Augment Therapy recently secured a noteworthy $2.7 million in funding from a diverse group of investors. This substantial capital infusion is strategically allocated for expanding the company’s product line, validating ongoing research efforts, and boosting market traction.
Pair Team‘s $9 million Series A funding round is poised to play a pivotal role in propelling the company’s rapid expansion across California. This strategic move aligns seamlessly with the integration of social support services, such as housing and food access, through California Advancing and Innovating Medi-Cal (CalAIM).
Diligent Robotics, backed by a substantial $25 million in financing, embarked on deploying over 100 Moxi robots across more than 30 hospitals by the end of 2023. These robots, purposefully designed to navigate hospital corridors, are set to revolutionize the delivery of supplies, medications, and equipment.
Technological Advancements:
Smileyscope has achieved a groundbreaking milestone by becoming the first virtual reality (VR) device to secure FDA Class II clearance. Employing the innovative Procedural Choreography™ technique, Smileyscope leverages positive virtual stimuli to effectively alleviate acute pain and anxiety during medical procedures.
Rhaeos, Inc. secures a significant $1.5 million grant from the National Institutes of Health (NIH) to propel the development of its FDA breakthrough-designated medical technology, focused on managing hydrocephalus—a neurological condition affecting over one million Americans.
Gamers Outreach unveils a newly modernized version of GO Kart. This iteration incorporates valuable feedback from healthcare staff, embodying an ongoing commitment to enhancing the patient care experience.
Partnerships:
The collaboration between two KidsX alumni companies gives rise to Artera Care Assist, a conversational AI-driven virtual assistant powered by Hyro. This solution is crafted for healthcare providers to seamlessly integrate into their websites, enhancing patient interaction and simplifying communication by addressing frequently asked questions.
A commitment to clinical trial innovation is evident through ProofPilot’s strategic partnership with Savvy Cooperative. This collaboration aims to create a turnkey model for clinical trial sponsors, enhancing patient engagement and improving the overall clinical trial experience.
Culturally sensitive healthcare services take the spotlight as Zócalo Health collaborates with Blue Shield of California. Together, they provide members with virtual primary care services featuring bilingual providers, same-day appointments, and support from community health workers. This partnership marks a milestone as the first fully covered Latino-focused digital provider group for commercial members.
Mergers and Acquisitions:
After being acquired by Huron Consulting Group, Inc. Roundtable Analytics, Inc. is now a part of Huron Intelligence® and contributes to a Partner Relationship Management (PRM) solution.
Big Health, a prominent provider of non-drug digital treatments for mental health, successfully acquired Limbix, a trailblazer in creating evidence-based digital therapeutics for teenagers and young adults experiencing symptoms of depression.
The strategic acquisition by The American Academy of Professional Coders (AAPC) of Semantic Health represents a pivotal development. This strategic move involves integrating Semantic Health’s AI-powered auditing software into AAPC’s suite of business solutions, thereby significantly enhancing capabilities in safeguarding against errors in healthcare revenue cycle management.
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Together, these diverse accomplishments underscore the profound impact of KidsX and its alumni in shaping the forefront of pediatric focused technological advancements. Pediatric innovation is a growing sector within the healthcare industry, requiring the involvement of multiple stakeholders to invest in its development. Serving as a pioneer in pediatric acceleration, KidsX is dedicated to enhancing the capabilities and business strategies of digital health startups, and strives to continually contribute to a collective momentum towards a future where innovative technologies revolutionize the way healthcare is delivered in pediatrics worldwide. To learn more, visit KidsX Accelerators, Alumni, Startup Catalog, and the KidsX Community Network.
