Today, Optum Global Solutions (India) Private Limited launched the inaugural cohort of its Optum Startup Studio India programme in collaboration with the International Institute of Information Technology, Hyderabad (IIITH). There are five health care startups in the batch. The embedded real-time data analytics provided by MedTel’s remote patient monitoring technology for members and providers aid in the management of diseases and chronic conditions as well as population health in general. Devices with platform integration and Internet of Things (IoT) capability are included in their health kit.
The Artificial Intelligence (AI)-enabled Grailmaker Innovations Children with cortical visual impairment can benefit from preventative treatments that cut care costs and enhance health outcomes thanks to software-as-a-service apps (CVI). Children with developmental delays and other disorders can receive accessible and reasonably priced services at home because to Daffodil Health’s paediatric behavioural health platform. Nemocare provides an Internet of Things (IoT)-enabled wearable device that enables cutting-edge, inexpensive, accessible, and highly accurate medical-grade monitoring solutions for newborn newborns, assisting in reducing the need for unnecessarily frequent hospitalizations. In order to help patients, providers, and payers minimise excessive health care consumption and expenditures, BWell Health has developed a contactless health monitoring/screening tool that leverages the smartphone camera and AI algorithms to track and monitor critical vitals. The goal of Optum Startup Studio, a division of Optum and UnitedHealth Group, is to find entrepreneurs and new ideas that can assist expedite value delivery by finding answers to some of the most urgent problems in the field of health care. Optum offers a grant of $25,000 and mentorship in areas such as technology, business strategy, design, and product development to selected entrepreneurs as part of the programme. The cohort receives research and business mentoring from IIITH, which also draws on its expertise in startup incubation and deep tech research.
According to Paul Nielsen, vice president of strategic partnerships at Optum, “We are building the technology to help modernise, streamline, and simplify the health system by linking people and information through the technology of the future.” To advance a comprehensive transformation of the health care system that puts patients and customers first, we think new partnerships and innovations with early-stage firms are essential. India has a thriving startup scene with a lot of potential to provide digital health solutions that can improve how well everyone’s health system functions. Optum Global Solutions (India) Pvt. Ltd.’s Ankit Gupta, Senior Director of Optum Startup Studio, stated, “With Optum Startup Studio’s inaugural cohort launch, we take another step toward technology-enabled solutions that address health care’s most difficult problems. We will engage closely with chosen companies over the course of the cohort’s six months and coach them on various elements of value delivery through focused seminars, peer learning, and counselling tailored to their business needs. “Our partnership with Optum Startup Studio India combines the best of Optum’s health care expertise and IIIT Hyderabad’s deep tech capabilities to enable our cohort to refine their product roadmap, achieve scale, and contribute to building a robust health care ecosystem,” said Ramesh Loganathan, Professor, Co-Innovation/Outreach, IIIT Hyderabad.
UnitedHealth Group has long understood the value of innovation in healthcare and the chance to support entrepreneurs addressing difficult healthcare issues. To help young entrepreneurs hone their strategies and broaden their market perspectives, various UnitedHealth Group companies run accelerator programmes abroad.
View the press release at https://www.cxotoday.com/press-release/optum-startup-studio-india-launches-first-cohort/ for more information.
