LHCC announces Healthcare Ventures Challenge finalists

By Sally McMahon

The Louisville Healthcare CEO Council (LHCC), in conjunction with AARP Innovation Labs, sought submissions for innovations that address barriers to Affordable Healthcare Solutions for older adults.

Organizations headquartered in the United States, having less than $500,000 in annual revenue and having raised less than $5 million in total investment funding were eligible.

Eight finalists were selected to present at the virtual Healthcare Ventures Challenge pitch competition on August 5, and one finalist will have the opportunity to compete to be a part of the AARP Innovation Labs Grand Finale Pitch Competition during the OPTIMIZE conference in September.

LHCC, in partnership with Aging2.0, will host the OPTIMIZE 2021 conference on September 28 and 29. This event brings market insights, the latest innovations and networking opportunities. The conference was originally scheduled for in person but now is a hybrid format due to the rise of the Delta variant.

LHCC and Aging2.0 have formed a strategic partnership that has resulted in Aging2.0 basing their global headquarters in Louisville, Kentucky — the global epicenter of the healthcare aging innovation industry. As the home to Humana, BrightSpring Health Services, Kindred, Anthem Blue Cross and Blue Shield of Kentucky, Apellis Pharmaceuticals, Atria Senior Living, Baptist Health System, Galen College of Nursing, Hosparus Health, Norton Healthcare, Signature HealthCARE, Trilogy Health Services and more, Louisville is uniquely positioned to attract, grow, accelerate and scale companies in this thriving industry.

The LHCC member companies together represent more than $120 billion in revenue, 475,000 employees nationwide and more than 90 million lives touched annually. Through the LHCC innovation engine LHCC can leverage the strengths and assets of our members to address important challenges through a systems approach, particularly those related to a growing older adult population.

Healthcare Ventures Finalists

Active Therapy Systems: A unique product solutions that deliver the in-home therapies that are beneficial for those living with Parkinson’s Disease. Their goal is to improve the way Parkinson’s Disease is managed through personalized therapies and remote patient monitoring.

Anavah Health: A technology-enabled service company dedicated to reducing the enormous human and financial cost associated with pressure wounds, urinary tract infections, falls, and dehydration that disproportionately impacts severely incontinent frail seniors.

Avanlee: An easy-to-use, all-in-one app for family caregivers, allowing families to manage an aging parent’s health and do it together.

Flowly: An NIH-backed mobile platform that combines relaxing VR worlds with biofeedback to shift someone from pain state to deep relaxation. In each VR world, real time HR is collected and shown to the patient. 

Keenly Health: Offers a non-contact (radar-based) health monitoring system for senior living providers. They track vital signs, sleep, body movement, and more automatically.

Well Beyond Care: A platform that teaches families and individuals how to find, hire, and manage affordable non-medical in-home care, while solving the chronic problems of caregiver truancy and turnover.