Founded in 1902 and currently serving one of the most diverse regions in the United States, Cedars-Sinai Medical Center has become known for pioneering leadership in transforming health care. Envisioning a future in which better care and improved delivery benefits all patients, Cedars-Sinai works to develop new approaches to treatment, educate tomorrow’s health professionals, and find innovative solutions to some of our health care system’s most pressing challenges.
One of Cedars-Sinai’s most recent initiatives in this area is its Accelerator program. Launched in 2015, the Cedars-Sinai Accelerator helps passionate entrepreneurs develop novel technology products aimed at improving health care quality, efficiency, and delivery. Read on to learn more about how this unique program is fostering innovation and helping build sustainable businesses that can solve real-world health care delivery problems.
What is the Cedars-Sinai Accelerator?
Based in Los Angeles and powered by the worldwide entrepreneur and startup support network Techstars, the Cedars-Sinai Accelerator is an incubator for health care entrepreneurs with bold new ideas. Each session of the Accelerator program runs for three months. Participating entities receive $120,000 in investment funding; dedicated office space in the Cedars-Sinai Innovation Space, which is near the medical center’s main campus in LA; access to Cedars-Sinai’s clinical knowledge and digital infrastructure; guidance from hundreds of leading clinicians, researchers, health care professionals, and other executives; and the opportunity to pitch their company, product, or idea to health care leaders, investors, and press at Demo Day, the Accelerator program’s concluding event.
Who leads the Accelerator program?
In May of 2018, the Cedars-Sinai Accelerator announced the appointment of a new managing director, Anne Wellington. A respected health care executive with significant experience in corporate management, Wellington is already an expert on the Cedars-Sinai Accelerator, having served as an entrepreneur-in-residence in late 2017.
Formerly, Wellington held the role of chief product officer at Stanson Health, a health care analytics company of which she was also a founding team member. She has also advised a number of leading health care organizations, including the Advisory Board Co., on product strategy. Earlier in her career, Wellington worked in the field of electronic health record implementation, and she was part of the team that managed Cedars-Sinai’s transition to electronic medical records in 2011.
What are some of the alumni of the Accelerator program?
Three sessions of the Cedars-Sinai Accelerator have been held since the program was launched in 2015. So far, 28 companies from three continents have participated. These Accelerator alumni companies include:
Aiva—The first ever voice-powered care assistant, Aiva believes that better care starts with listening. Aiva takes voice requests from patients and routes them to the most appropriate caregiver, who can respond with the touch of a button by using the Aiva app. Administrators can oversee all caregiver tasks from a central hub. This helps caregiver staff organize their days more effectively, ensures that patients have a better experience, and boosts facility-wide productivity.
ChoiceMap—A unique digital tool for medical shared decision-making, ChoiceMap helps providers to treat the patient, rather than just the disease. Patients consider one treatment factor at a time and respond with their preferences. ChoiceMap uses that information to rank treatment options according to how well they match each patient’s values. In addition, ChoiceMap provides additional information and suggestions that help providers better articulate how each treatment option will impact the patient’s life. This makes it an important tool for a truly customized clinical experience.
Ella—For many patients living with chronic health conditions, constant pain is often a fact of life. In situations where pharmacological relief from chronic pain is not possible or feasible, Ella aims to approach the problem from a different angle: digital mindfulness programs. Studies have shown that mindfulness work can be an extremely effective way of dealing with chronic pain and discomfort. In the form of an easy-to-use app, Ella uses the principle of mindfulness to help train patients to process their pain differently and thereby find relief.
Inscope—The Inscope Direct is the world’s first laryngoscope featuring integrated, controllable suction. This allows the clinician to quickly remove secretions in order to have a continuous, clear view of the vocal cords. As a result, insertion of an endotracheal tube is quicker and easier. The Inscope Direct is a single-use device, which eliminates the risk of cross-contamination.
Silversheet—In an industry of ever-changing regulations, it’s important for health care facilities to be able to ensure compliance. Silversheet offers an all-in-one credentialing solution that allows providers of all sizes to maintain compliance. The platform automates and streamlines time-consuming tasks, like primary source verification; keeps tabs on errors and missing documents so that inspections don’t reveal any critical gaps; and centralizes credentials in cloud storage to they can be accessed from any location at any time.