The future of healthtech: HCF Catalyst

Richard Laycock 10 February 2018 NEWS

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HCF Catalyst reveals 2018's Australian health technology entrepreneurs.

Australia's largest not-for-profit health fund HCF announced the 10 Aussie healthtech Startups and Scaleups that will be participating in the 2018's HCF Catalyst.

In its third iteration the HCF Catalyst 12 week program, accelerated by Slingshot, provides a select group of entrepreneurs working in the health sector with guidance on how to take their healthtech idea and turn it into a viable business. HCF Catalyst aids finalists with funding, industry relationship-building, mentorship and strategic guidance.

The 2018 HCF Catalyst Cohort are as follows:

Startups

  • Vantari VR. Vantari VR builds software solutions for healthcare professionals to help them visualise, interpret and understand medical images.
  • Birth Beat. Birth Beat is a Telehealth service that helps families develop a birth plan.
  • Pracway. Pracway is a first-of-its-kind service for Australia, which expedites informed consent procedures by processing it electronically.
  • Soldierly. Soldierly is a service created for soldiers, by soldiers, which provides veterans with the tools they need to maintain good physical and mental health.
  • Mindbody healing. Mindbody healing is an e-medicine solution for the management of chronic pain and fatigue.
  • MEKSI. MEKSI uses simulations to improve training and assessments for those who are new to medicine.

Scaleups

  • Dresden Optics. Dresden Optics provide Australian-made modular eyewear and eye health care to customers with vision loss on a global scale.
  • SleepFit. SleepFit aims to help employers, insurance companies and health providers with awareness, education, screening, diagnosis and treatment programs to help improve their employee’s sleep.
  • Boundlss. Boundlss uses an AI health platform to connect life and health insurers with their customers, which allows the insurer to focus on providing better health outcomes for their members.
  • Myhealth1st. Myhealth1st is a digital platform that allows patients to schedule appointments with their health providers securely online.

Of this year's group, HCF chief executive officer (CEO) Sheena Jack said healthcare affordability was a key element in their selection.

“We have chosen this year’s Catalyst participants because they align with HCF’s vision to drive affordable, high-quality outcomes throughout the health industry,” Jack said.

And affordability of healthcare is at the top of people's minds at the moment, following the announcement of this year's health insurance premium hikes, which will go up by an industry average of 3.95%.

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