Accelevate, a US-based firm that assists corporates with innovation, is set to diversify into healthcare in order to help companies and non-profit organisations hoping to bring digital and consumer medical products to market.
The Affordable Care Act in the US, which includes moves towards electronic medical records and value-based care, also presents opportunities for innovation for startups. Accelevate has devised lean startup principles that are designed to help healthcare organisations “quickly move innovations from idea to execution”. The Accelevate Service Model includes a range of interactive workshops, planning tools and consulting services.
Lisa Suennen, an advisor to organisations including California Health Care Innovation Fund, has joined Accelevate’s Advisory Board. Healthcare venture capitalist Stacy Feld, a partner with venture capital firm Physic Ventures, has joined Accelevate as a principal.
Accelevate partner Patty Burke said: “We are seeing a great deal of interest in our services from this sector and are excited about helping bring some of these life-changing innovations to market.”
According to a report from healthcare technology accelerator Rock Health, the US saw investments of $1.9bn in digital health startups in 2013, a 39% increase from 2012.