Healthcare Heavily Represented in Techstars’ New Austin Class

Accelerator giant Techstars hosted a demo day for the graduating class of its Austin, TX-based program last week. The program is Techstar’s first foray into the Austin area, a community prime for accelerators like Techstars due to its innovative culture and a long tradition of entrepreneurial activity. The demo day was held before a packed house that included 250 investors, and showcased the end result of 13 weeks of hard work put in by the inaugural class.

The 10 startups involved in the program were selected from 850 applications. They received $18,000 in seed capital, and 13 weeks of office space and mentorship. They came from across all sectors, but healthcare was heavily represented and fared well during the demos. Here’s a look at the healthcare-related businesses coming out of the new class:

Filament Labs

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Kicking off the demo’s was Filament Labs, introduced by founder Jason Bornhurst as “We’re Filament Labs and we empower patient engagement.” The company is developing a mobile app-based patient portal that lets patients coordinate care alongside the care team in the ambulatory environment. Providers will be able to use the app to coach patients with chronic conditions through their care plan by pushing patient specific reminders, educational materials, and diet information to the patient. Like most other portal vendors, Filament claims its solution will deliver personalized care, cut down on hospitalizations, and increase efficiency – any of which, if true, should be enough to support the new business.

However, Filament Labs will have the opportunity to put some data behind its claims, as they will be rolling their product out across Corinthian Health’s 20 clinics by the end of the year. If they can substantiate their claims, which clearly Techstars thinks they can, there may be room for their product in healthcare. They will monetize by charging clinics a monthly usage fee.

Atlas

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In the wearables market, Atlas is bringing something new to the table for fitness junkies that want to go beyond counting walking, running and cycling. The new wrist-worn device created by the startup is capable of tracking far more. Beyond traditional activities, Atlas can analyze an entire workout, identifying the type of exercise being conducted, such as squats, curls or even pushups vs triangle pushups, and then it can count repetitions.

Beyond activity, Atlas can also track heart rate, power exerted, rest, and more. It feeds its data to an open source API, and integrates with LoseIt! and RunKeeper.

Accountable

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Accountable is building an automated platform for businesses that are trying to be come HIPAA compliant. The startup has created an streamlined process that will take customers just a few hours to complete. It boils down thousands of pages of regulations into an easy to understand five-step process aimed at replacing anxiety with understanding.

The startup offers compliance management tools, employee training materials, and standardized legal documents to help companies maintain HIPAA compliance without reinventing their entire business practices. Accountable will monetize by selling its services to customers in the form of monthly subscription fee.


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