The three finalists in this competition have now received their cash rewards for their work in this field.
It has recently been announced that the three startup finalists in the InvestMaryland challenge have received their prizes for $100,000 for the work that they have done in order to improve electronic health records (EHRs), to bring mhealth to developing countries around the globe, and for their work in assisting providers with the diagnosis of concussions in athletes through the use of a new form of sports helmet.
The InvestMaryland challenge involved the participation of over 250 different companies that competed for the prizes.
Aside from the prize money, the companies that received the top awards also received considerable attention and recognition within the industry, which is vital for being able to obtain future venture capital investments to help to expand on growing and evolving ideas and opportunities. The three winners of this prize can each be recognized for entirely different contributions to the mhealth market, as their goals – other than to provide the services over mobile – are quite unalike.
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The three different mhealth startups helped to better show the broad range of opportunity in this market.
Among the winners was a company called Healthify, which is based in New York. That company provides patients with questionnaires that include questions in the environmental, social, and even financial categories that are frequently not discussed during a standard exam in a doctor’s office. This data can be collected within that patient’s HER in order to provide his or her physicians with a more detailed understanding of the various factors in a patient’s life that could contribute to the ability to adhere to a medication schedule and to gain access to required care.
That mhealth company’s website explained that “Sixty percent of our health is affected by our social needs,” and pointed out that an individual’s ability to access things like mental health services, community resources, and even food are all important to his or her overall health. For example, patients who are in lower – but not lowest – income groups may not have the resources that are required to be able to manage their health needs or even, perhaps, to comply with the new Affordable Care Act regulations.