Page 9 - February 2017

Baptist Health South Florida

Partners with Dreamit to Host

Healthcare Innovation Shark Tank

BY DANIEL CASCIATO used by approximately 2,600 physicians in
450 hospitals for long term tracking of
Last month, Baptist Health South heart sounds. Mobile sensors and a remote
Florida and Dreamit, a venture-backed monitoring platform will launch in early
accelerator, hosted a Healthcare 2017 to provide a clinically validated
Innovation Shark Tank to emphasize the early-warning sign for heart failure read-
importance of innovative solutions within missions.
healthcare. • GraftWorx: Seamlessly integrates a
Eight healthcare technology startups sensor package into "smart" wearables and
had three minutes each to pitch a panel of implantables for dialysis and peripheral
Baptist Health leaders during the event. arterial disease patients and transfers clin-
These entrepreneurs were challenged to ically actionable data from the device shark was really fun. I hope to get an the more familiar triple AIM,” he explains.
solve key problems in healthcare while directly into the EHR to identify those who opportunity to repeat.” “The triple AIM is this concept that health-
meeting business needs. are at risk of poor outcomes. Dr. Capua says that the panel of judges care should strive to provide high quality ,
Twice a year, the top healthcare technol- • Lilu: Developing a nursing bra that were impressed with each of the competi- low cost care with the best patient experi-
ogy and medical device startup companies automates compression and breast mas- tors. ence. We've found that it's impossible to
from around the world are selected from sage to help pumping moms to produce “I give a lot of credit to DreamIt because achieve that if you don't have engaged
hundreds of applicants to participate in more milk in less time. 800+ moms have they really sought to create solutions to providers and healthcare professionals, so
Dreamit Health’s 14 week acceleration signed up to try Lilu and two LOIs are in real world problems that exist within the our quadruple AIM is the triple AIM plus
cycle. The company has launched more place with maternity stores, anticipating a delivery of healthcare,” he says. “One of being engaged as physicians and health-
than 275 startups with a collective worth Q3 2017 commercial product launch. the things they had done was to be sure care professionals.
in excess of $1.5 billion. PadInMotion: Streamlines patient that the problems presented to the startups He adds that if you don't have an
The sharks, or judges, included Wayne engagement in the treatment process from were real problems faced by healthcare engaged workforce that seeks to want to
Brackin, Chief Operating Officer, Baptist arrival through discharge and follow-up systems. The solutions the teams present- provide the best care to your patients, then
Health South Florida; Adriene S. McCoy , via a digital content platform. 2K active ed are ones that will find traction within the rest is not going to come. If you have
Corporate Vice President, Chief HR licenses across ten top tier hospital sys- healthcare systems as well as alignment an engaged workforce, everything comes
Officer, Baptist Health South Florida; tems and two high end skilled nursing between the entrepreneurs and the compa- secondary to that.
Ghassan Haddad, M.D., Director of facilities, generating 30K+ MRR. nies with health system invectives.” “We have a laser focus on this quadruple
Hospital, Acute Care Program, South PhotoniCare: Changing the way middle Dr. Capua’s best advice to healthcare AIM as a way of driving innovation and
Miami Hospital; and Paul Di Capua, M.D., ear disease is managed by enabling physi- organizations on how to continue to best change,” he says. “That's how we define
MBA, MSHPM, Medical Director of cians to look through the eardrum without foster innovation is simple - to define your and that's how we decide what to focus on
Primary Care Development & Evaluation, cutting it open, saving months of treat- strategy and vision because healthcare and and where to move forward.”
Center for Healthcare Advancement & ment time per patient and unnecessary the healthcare landscape is changing rap-
Outcomes, Baptist Health Medical Group, costs. FDA approval is expected in the first idly . For more information,
Baptist Health South Florida. half of 2017. “At Baptist, we’re pursuing what we call visit www.baptisthealth.net.
“Baptist has always had an interest in • Synotrac: A patent-pending implant - the quadruple AIM. It's an expansion of
innovation and has always been at the able medical device that allows doctors to
forefront of healthcare and how to provide actively monitor joint health via a smart-
the best healthcare to our population,” phone app after joint replacement surgery
says Dr. Capua. “Part of this initiative to reduce the incidence of $100K+ revision
comes from the Baptist Health Center on surgeries by up to 80%.
Innovation, which seeks to identify the • Yosi: Eliminates patient intake from
best ways for us to continue to do what waiting rooms and provides an end to end
we've always done, which is to provide the patient onboarding solution to reduce
best care we can for the patients that we paperwork by 40% and no-shows by 45%.
treat.” Already being used by 160 physicians, 3
The startups in the competition includ- enterprise clients and 1 payer to drive an
ed: 88% patient engagement rate.
• Braincheck: Assesses brain health in 5 There was not intended to be a “winner”
minutes using mobile interactive games but rather an event that allowed a platform
based on gold-standard neurocognitive for these startups to present their concepts
tests. Building on 40 paying organizations to Baptist Health. Moving forward, the
and 10K baselines in the concussion space, conversation with Baptist Health may con-
BrainCheck launched its dementia prod- tinue for a few of the start-ups.
uct with 3 assisted living centers. “It was a fun event,” says Dr. Capua. “I
• Eko: Entered the market with a love watching Shark Tank. I'm a big fan of
smartphone enabled digital stethoscope the show and getting to participate as a

South Florida Hospital News southfloridahospitalnews.com February 2017 9