Each month, we round up breaking news featuring 1501 Health, our cohort companies and partners.
Our October news includes the announcement of applications for the next 1501 Health cohort opening and the media coverage following the news release. Plus, we finally get to reveal an exciting partnership between CareFirst BlueCross BlueShield and Live Chair Health.
"A Manual Made for Motherhood: How BabyLiveAdvice Educates Women Throughout the Maternity Journey"
Healthworx | October 17, 2022
The Brief:
A quick piece of advice for healthcare entrepreneurs? Go for the gaps.
From her personal experience, Sigi Marmorstein quickly recognized that the maternity journey is filled with tons of questions, and not many accessible answers.
That's why she founded BabyLiveAdvice, a virtual care team that provides advice, counseling and support from pregnancy to parenthood.
Since graduating from the first 1501 Health cohort in 2021, her team continues to redefine the world of maternal care, educating and empowering women across the nation by partnering with top medical systems.
In her interview, Sigi explains how her team finds smart strategic partnerships, and how she’s learned to pace herself throughout the process of growing a healthcare start-up.
"Health Care from the Barber Chair"
AFRO | October 15, 2022
The Brief:
CareFirst BlueCross BlueShield (CareFirst) and Live Chair Health are partnering to bring greater healthcare access to underserved communities in four Maryland counties: Prince George’s, Montgomery and Baltimore counties, as well as Baltimore City.
During the 6-month program, Live Chair Health will support barbers in helping members understand their benefits, choose a physician, and get them scheduled with a first appointment. Outreach will be initiated to 400 CareFirst members each month (100 per county), and act as an access point into the healthcare system to help improve health outcomes at a community level.
"Blue Cross and Blue Shield of Minnesota Collaborates with Health In Her HUE to Connect Black Women and Women of Color with Culturally Sensitive Health Care Providers"
FemTech Insider | October 4, 2022
Blue Cross and Blue Shield of Minnesota has announced a collaboration that will provide no-cost access to Health In Her HUE, a digital platform connecting Black women and women of color with culturally sensitive health care providers. Participants will also be able to join Health In Her HUE’s Virtual Care Squad experience, a support group designed by and for Black women and women of color that focuses on relevant health topics.
"National Healthcare Startup Incubator Offers More Opportunities and Investment Dollars, Accepting Applications for Third Cohort"
1501 Health | October 3, 2022
The Brief:
National healthcare incubator 1501 Health is inviting early-stage healthcare startups to apply to its year-long cohort to help scale their solutions through investment and resources. The incubator is accepting applications from Oct. 4 – 25, 2022.
Companies chosen to participate in the program will receive up to $125,000 in investment capital – a 25 percent increase over last year to account for the challenging landscape for early-stage companies raising capital, according to 1501 Health Co-Manager, Soo Jeon.
Members of the cohort will have access to unique mentorship opportunities and support from payer and provider experts as they navigate the extremely complex “pay-vider system,” along with networking and educational events with other startups, investors, and stakeholders.
The Media Coverage:
"Startup incubator 1501 Health accepting applications for 3rd cohort"
The Daily Record | October 3, 2022
CityBiz Baltimore | October 3, 2022
"1501 Health Offers More Opportunities and Investment Dollars, Accepting Applications for Third Cohort"
CityBiz Chicago | October 3, 2022
I-95 Business | October 3, 2022
"Resource Roundup: NeuroTech Harbor’s $5M plan and other local accelerators open now"
Technica.ly | October 5, 2022
About 1501 Health
1501 Health is a unique partnership between Healthworx and LifeBridge Health, representing expertise in both health insurance and financing (payers) and healthcare delivery and services (providers). The investment and incubation program empowers entrepreneurs to get their innovative solutions to market and expand their impact in healthcare quality, access and affordability. To learn more about 1501Health, visit www.1501Health.com.
About Healthworx
Healthworx operates at the intersection of healthcare and innovation by creating, co-creating and investing in companies that are improving healthcare quality, accessibility, affordability and equity. As the innovation and investment arm of CareFirst, Healthworx envisions a healthier future for all people by changing the way health works. To learn more about Healthworx, visit https://www.healthworx.com.
About LifeBridge Health
LifeBridge Health is one of the largest, most comprehensive providers of health services in Maryland. LifeBridge Health includes Sinai Hospital of Baltimore, Northwest Hospital, Carroll Hospital, Levindale Hebrew Geriatric Center and Hospital, Grace Medical Center and related affiliates. For more information, visit www.lifebridgehealth.org.