Five health-focused companies joined 1776 in Crystal City recently, after the incubator and MedStar Health named winners of the #Patients2Consumer startup challenge. Eleven startups competed earlier this month to join the three-month MedStar Innovation Lab Cohort. As the name suggests, Columbia, Md.-based hospital and healthcare facility operator MedStar Health is a prime partner.
Of the five selected winners, two companies hail from D.C.
VEDA Data Solutions incorporates AI to provide dashboard free data science tools, eliminating the team of scientist required to operate the dashboards and their “lofty promises without real results” according to CEO Meghan Buck. Before joining the MedStar Innovation Lab, VEDA landed a contract with health insurance company Humana and began expanding their clientele in D.C. and Madison, Wisc.
No matter how much they grow, the opportunity to showcase their product and cut through the noise generated by the overused buzzword “machine learning” remains of utmost importance to Buck and her team.
“VEDA saw this partnership as a perfect opportunity to demonstrate how machine learning and AI can make healthcare work better,” Buck told Technical.ly. “Updating provider directory data, cleaning up claims and automating provider network performance might not sound like the kind of technology that fundamentally changes healthcare– but the cost savings are enormous.”
The other D.C.-based company in MedStar’s Innovation Lab is Pacify Health. Like VEDA, this isn’t the startup’s first major partnership.
Pacify aims to bridge gaps in the healthcare system by providing efficient support to new mothers and their infants. Concerned with the unnecessary panic and lack of care, CEO and cofounder Ben Lundin said that he sees “a real opportunity for technology and telemedicine in particular to address some of these challenges.”