Two healthcare companies were selected by HFMA Annual Conference attendees for developing the best new products at the meeting’s new Innovation Hub.
June 27—Attendees at the HFMA Annual Conference selected a patient revenue cycle app and a tele-monitoring company as the winners of the association’s new Innovation Hub.
The hub—launched this year—featured 12 start-ups and seven new products selected from HFMA's first Virtual Pitch Contest. The start-ups showcased their products geared toward reducing cost of care delivery, enhancing the healthcare consumer experience, and improving population health management through analytics. They included well-known healthcare solution providers showcasing new products.
Attendees were allowed to peruse details of the products and companies in the Innovation Hub and then used poker chips to vote for the best ideas.
The Innovative New Product winner was R1 RCM. The R1 Patient Experience solution improves patient satisfaction by easily completing pre-registration, personal insurance information, and making payments online from a mobile device or in-office kiosk or tablet.
The Innovative Start-up winner was Transitional Cardiac Care (TCC), which is a national company founded by cardiac nurse, Terra Goodrich. TCC provides tele-health, cardiac education, and monitoring. The company uses a proprietary CardioTrack monitoring and online education portal to monitor patients’ vital signs and immediately identify and address factors the contribute to readmissions.
“All of the companies showcased in our Innovation Hub are worthy competitors,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The two winners were notable for elevating the consumer financial experience and advancing the practice of remote health monitoring, respectively, which will be increasingly important going forward. Congratulations to all.”
The two winning companies were announced at the HFMA Annual Conference Wednesday general session.