Two years ago, Startup Milwaukee began to map startups in the region focused on health innovation – this is a significant part of our local tech and startup ecosystem and it continues to grow. We recently released a report of Milwaukee area startups to watch in 2019. Given the prevalence of healthcare related startups on the list focused on the health innovation space. Below are 14 companies based in the Milwaukee region that are focused on transforming healthcare you should have on your radar in 2019:
Access HealthNet has developed a platform to connect self-insured employers with bundled healthcare procedures from providers. The company continued to grow partnerships with providers such as CBC Surgery Center and Trilogy Health in 2018.
Alinea Engage helps Physical Therapy practices manage their patient pipeline has flown under the radar but recently raised a $860,000 seed round with participation from Advocate Aurora’s Invest MKE, Golden Angels Investors and Northwestern Mutual’s Cream City Ventures. The company presented at Startup Milwaukee’s HealthTech EMERGE in early 2018.
Alithias is helping employers around the state negotiate lower cost procedures for their employees using their technology tools which increase pricing transparency continues to grow as employers look to manage healthcare costs.
EmOpti a startup that helps health systems like Advocate Aurora optimize their emergency room care through a telehealth solution continues to grow. They recently raised $1.35mCCMP a New York based Private Equity firm.
Foundry Health operates under the radar - the bootstrapped developer of an EMR for the Clinical Testing space is headquartered in Grafton with a global customer base and a team of about 12. Founder Brock Heinz has been able to land some significant customers such Johnson & Johnson after spinning out of West Bend, based Spaulding Clinical in about 2014. It will be exciting to watch him grow.
GenoPalate a company that helps you optimize your diet based on your genetics has developed two new product offerings to drive recurring revenue and recently closed a $1.35m seed round from local investors to help scale.
Healthio a Brookfield based startup that is developing an app to help patients track their health inked a unique partnership with GE Healthcare and aims to raise $6m.
OTECH Group which has developed self-service kiosks and solutions that help healthcare providers increase patient engagement and improve efficiency operates quietly out of Jackson, WI but has a customers in 40 states across the country and is rated highly by industry sources.
ReNeuroGen is developing a drug to reverse the effects of MS. The company has been funded by SBIR grants but is currently raising a $1.75m seed round hoping to close by end of Q1 2019.
RPRD Diagnostics is on mission is to become the leader in comprehensive pharmacogenetic testing, with the goal of bringing cost-effective precision medicine to the masses. The company offers
Sift Healthcare a HealthTech company developing a software platform leveraging Machine Learning and AI to help providers manage their revenue cycles closed a $1m seed round in November with Winnebago Seed Fund and Madison-based payment processor Wind River Financial leading the round Sift also announced a strategic partnership with Wind River Financial and that the company was accepted into Startup Health’s Academy a national accelerator program.
Somna Therapeutics received FDA approval to sell their RefluxBand product over the counter in 2018. The company is closing a $2m funding round in January with participation from 30ventures and Bascom Ventures and plans to expand their team in 2018.
Spaulding Medical developers of a portable ECG officially spun out of parent company Spaulding Clinical earlier this year, the new company has 14 employees based in West Bend. Spaulding Medical CEO, Amanda Baltz expects the company to grow 4x and employ over 50 by 2023.
Tai Diagnostics is developing a blood-based testing products for organ transplant rejection raised $12.8m in venture capital this year. The company which was launched by a Medical College of Wisconsin professor is striving to commercialize their technology first for heart transplant procedures but plans to develop other tests as well. The company has raised $21m+ in investment since launching in 2015.
Now, that you have reviewed the list of startups were watching. We want to hear about what local health startups you’re watching in 2019, drop me a note.