1148 Views

The Up and Coming Startups Aiming to Disrupt Healthcare

Natalie Riso
by

August 06, 2019

Healthcare has a notorious reputation for being intimidating. From complex insurance policies and payments to the intense legal regulations on its processes, many innovators stray away from trying to tackle the industry.

But at 500, we believe in being bold. It’s one of the many reasons why we chose these health industry startups to join our 25th seed program batch in downtown San Francisco. Check out two of the startups aiming to bring a new wave of efficiency and accountability to the space: 

AMPAworks

In healthcare’s high-risk situations, almost everyone can see why having the right tools at the hands of healthcare providers would be of paramount importance. 

AMPAworks hopes to be the future of medical inventory management. They use computer vision AI to track and manage medical inventory in real-time so that doctors and nurses have to tools and supplies that they need at every moment. 

“We started this company to solve our own problems as healthcare providers. My co-founders and I are all seasoned nurses, doctors, and pharmacists who needed a solution to track inventory in real-time for patient care tasks. A lot of times in practice, supplies run out or expire. This can delay patient care significantly” – Bianca Gonzalez, Co-founder of AMPAworks

LucidAct Health

With Stanford Health, UCSF, and more on this team’s roster, the group came to 500 with a deep understanding of some of the industry’s biggest bottlenecks. LucidAct Health is an AI assistant for nurses and case managers to help them provide access and better care to the most vulnerable patient populations. 

The team is most excited about lowering costs in the US. health system. LucidAct’s CEO, Grace Cheung told us: “20% of the high-risk patients took up 80% of the entire healthcare cost, and there is no solution to track and manage their intricate needs right now. We want to change that.”

Demo Day – August 22nd

We are so thrilled to have startups like these and more presenting at Demo Day in downtown San Francisco this month. Demo Day is an invite-only event for active, accredited investors to view our most recent accelerator startups before they graduate. If you are an accredited investor or member of the press interested in attending, click here

For more sneak peeks at our Batch 25 companies, stay tuned for more “ones to watch” on our blog or check out the full list of companies in our Batch 25 announcement. 

LEGAL DISCLAIMER: 500 STARTUPS PROGRAMS, INVESTOR EDUCATION SERVICES, STRATEGIC PARTNERSHIP CONSULTING SERVICES AND EVENTS ARE OPERATED BY 500 STARTUPS INCUBATOR, L.L.C. (TOGETHER WITH ITS AFFILIATES, “500 STARTUPS”) AND THE FUNDS ADVISED BY 500 STARTUPS MANAGEMENT COMPANY, L.L.C. DO NOT PARTICIPATE IN ANY REVENUE GENERATED BY THESE ACTIVITIES. SUCH PROGRAMS AND SERVICES ARE PROVIDED FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY AND UNDER NO CIRCUMSTANCES SHOULD ANY CONTENT PROVIDED AS PART OF ANY SUCH PROGRAMS, SERVICES OR EVENTS BE CONSTRUED AS INVESTMENT, LEGAL, TAX OR ACCOUNTING ADVICE BY 500 STARTUPS OR ANY OF ITS AFFILIATES.

THIS POST IS INTENDED SOLELY TO PROVIDE INFORMATION REGARDING 500 STARTUPS. ALL CONTENT PROVIDED IN THIS POST IS PROVIDED FOR GENERAL INFORMATIONAL OR EDUCATIONAL PURPOSES ONLY. 500 STARTUPS MAKES NO REPRESENTATIONS AS TO THE ACCURACY OR INFORMATION CONTAINED IN THIS POST AND WHILE 500 STARTUPS HAS TAKEN REASONABLE STEPS TO ENSURE THAT THE INFORMATION CONTAINED IN THIS POST IS ACCURATE AND UP-TO-DATE, NO LIABILITY CAN BE ACCEPTED FOR ANY ERROR OR OMISSIONS.

UNDER NO CIRCUMSTANCES SHOULD ANY INFORMATION OR CONTENT IN THIS POST, BE CONSIDERED AS AN OFFER TO SELL OR SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES ADVISED BY 500 STARTUPS OR ANY OF ITS AFFILIATES OR REPRESENTATIVES. FURTHER, NO CONTENT OR INFORMATION CONTAINED IN THIS POST IS OR IS INTENDED AS AN OFFER TO PROVIDE ANY INVESTMENT ADVISORY SERVICE OR FINANCIAL ADVICE BY 500 STARTUPS. UNDER NO CIRCUMSTANCES SHOULD ANYTHING HEREIN BE CONSTRUED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 STARTUPS INVESTMENT FUND.

ALL LOGOS AND TRADEMARKS OF THIRD PARTIES REFERENCED HEREIN ARE THE TRADEMARKS AND LOGOS OF THEIR RESPECTIVE OWNERS. ANY INCLUSION OF SUCH TRADEMARKS OR LOGOS DOES NOT IMPLY OR CONSTITUTE ANY APPROVAL, ENDORSEMENT OR SPONSORSHIP OF 500 STARTUPS BY SUCH OWNERS.

Most Popular

June 09, 2020

Our Framework Post-COVID-19

May 22, 2020

Launch Your Business in Georgia (The Country, not the State)

Recent

Accelerating ESG Adoption in Early Stage Venture Capital

The year 2020 has served up many reminders of the pressing issues facing society, from failures to address systemic discrimination to the impending climate crisis. Moving forward, realizing a more ...

Meet the Startups in 500’s First Fully Virtual Accelerator

At 500 Startups, innovation is a staple of our business model. In March, we announced the revamp of our SF flagship accelerator program to offer year-round enrollment flexibility to meet our founde...

15 Tips to Bringing Teams Closer Even During Tough Times

We are living through one of the largest collective challenges the world has faced, so it’s the perfect time to tap into the experience of these 15 female leaders. They offer tips for bringing team...

500 Startups Bolsters Commitment to MENA’s Startup Ecosystem

500 Startups made its first investment in MENA in 2012. Back then, few U.S. venture investors made their way to the region, but we recognized its potential and after making more than 30 investments...