Global Healthcare Resources (GHR) in conjunction with Global Healthcare Ventures hosted the first annual “Market Disrupt: A Venture Pitch Event” in Los Angeles on October 2. As part of the 9th Employer Healthcare & Benefits Congress (EHBC) & World Medical Tourism & Global Healthcare Congress (WMTC), the Market Disrupt brought eleven early and mid-sized startups with high market potential from across the globe for exposure, first-hand insight from our experienced panelist of judges and the chance to win a valuable prize package.
Winning the event was Somatix, for their BMD™ (Body Motion Data) Management platform. Their one of a kind, an end-to-end platform enabling body motion detection, tracking, analysis and management, for alert- and incentive-based health and wellbeing enhancement. This unique technology is based on early realization that precision tracking of body motion, and specifically hand gestures, is the key to determining, sorting through and comprehending lifestyle indicators that can impact a person’s physical and emotional state. Utilizing sensors built into a range of wearables and other connected IoT devices, it tracks, filters and examines massive volumes of hand gesture data in real time, and employs cloud-based machine learning algorithms to produce insights on physiological and even emotional states. Ultimately, the platform generates alerts in real-time and can issue incentives to help the individual improve their overall health.
“We are honored to win the inaugural Market Disrupt,” said Somatix CEO & Co-founder Eran Ofir. “With the growth of healthcare costs, not only in the United States but across the world, organizations engaged in providing care – employers, insurance carriers, hospitals and clinics, elder care facilities and more – are in need of solutions to help them lower expenses without having to compromise healthcare quality. It is exactly this challenge that Somatix has set out to master. We look forward to working more with GHR and Global Healthcare Ventures in the future in order to bring further change to the healthcare industry.
Somatix will receive the prize package consisting of exposure to the attendees of GHR’s annual event, a comprehensive media campaign to highlight them, complimentary passes to all upcoming GHR events, introductions to accredited investors in a statewide angel network and a comprehensive business capital needs analysis and advisory analysis from a national investment banking company.
“Over 40 disruptive companies applied to participate in Market Disrupt. It was a very difficult decision,” said Renée-Marie Stephano, Founder & Chief Executive Officer of Global Healthcare Resources and Co-Founder of Global Healthcare Ventures. “These companies provide unique solutions that are needed to disrupt healthcare and insurance. The judges all agreed Somatix had the potential for the most innovation and disruption of all the companies The Market Disrupt had tremendous response and support from the employer, insurance, and investor community. Many have requested to connect with the finalists whether it’s to learn more, adopt their technology or invest. This “shark tank” aspect of our event will be expanded significantly as we roll out our new brand for the event in 2018, Healthcare Revolution®.”
This year’s finalist were:
- Blue Mesa Health
- DZee Solutions
- Light Health Research
This year’s judges included:
- Renée-Marie Stephano, President of the Medical Tourism Association
- Jonathan Edelheit, Principal/Co-Founder of Global Healthcare Resources
- Max W. Hooper Ph.D., Managing Director of Merging Traffic
- Dr. Vicki Rabenou, Chief Executive Officer of Startup Nation Ventures
- Micahel J. O’Donnell, Executive Director of Center for Innovation and Entrepreneurship at the University of Central Florida
- Bernie Knobbe, Vice President of Global Benefits at AECOM
- Alex Rubalcava, Co-Founder and Partner at Stage Venture Partners
Partners for the event included Merging Traffic, Startup Nation Ventures and Florida Angel Nexus.
About Global Healthcare Resources
Global Healthcare Resources is our solutions organization that brings new ideas, a larger vision and reach new professional teams and inspiration. GHR is focused on many areas – all of them linked to creation and improvement. We believe as the world’s leader in wellness and medical travel, that health is the foundation to a successful life and career. Our global presence in medical and wellness travel allows us the perspective and scope to drive our domestic leadership in healthcare reform, voluntary benefits, self-funding and corporate wellness and well-being with universal insights and innovation. We strive every day to improve the health and wellness services of our partners and their teams while offering a vibrant and open arena for discussion, dialogue, and debate. The underpinnings of our beliefs stand on the value of investing in people – not policies, not politics. People inspire us every day to dive deeper and explore the world over for the most innovative and interesting solutions, ideas and concepts.
About Global Healthcare Ventures
We back Innovators and their Revolutionary and Disruptive Ideas. We provide access to a network of expertise and keys to unlock the right doors. We help take your “ideas” and “dreams” to market faster. We help companies leapfrog. We only look for entrepreneurs who have a vision to disrupt, innovate and change the healthcare and wellness industry. For those select organizations GHV strategically partners with, we provide guidance and advice from the top leaders and advisors in healthcare, wellness and tech. We are active and engaged, and we help visionaries scale their business.