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:
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
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.
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