Each month, we round up breaking news featuring 1501 Health, our cohort companies and partners.
Sharing a few special September updates, including a notable honor for Even Health and a funding update from BabyLiveAdvice. Plus, the Washington Post tapped Lantern for a meaningful feature on how healthcare apps can help consumers navigate death.
"Mission Daybreak: VA Announces 30 Finalists and 10 Promise Award Recipients"
U.S. Department of Veteran Affairs | September 19, 2022
Today, the U.S. Department of Veterans Affairs announced the 30 finalists and 10 Promise Award recipients in Phase 1 of Mission Daybreak, a $20 million grand challenge to reduce Veteran suicides.
Our 1501 Health cohort graduate, Even Health, was named one of the finalists.
Using an innovative virtual reality (VR)-based group support platform called Cabana®, Even Health will deliver virtual group support for Veterans who have survived a suicide attempt. The solution uses an established support group model shown to reduce suicide and associated factors as well as increase resilience and belongingness.
"BabyLiveAdvice Announces $1.1 Million Seed Investment to Improve Maternal-Infant Health Outcomes"
MarketWatch | September 13, 2022
BabyLiveAdvice, the leading virtual maternal telehealth provider, announced the completion of a $1.1 million seed investment led by Venn Ventures and Synergen Technology Labs. The investment will help strategically expand business operations and partnerships with health systems, federally qualified health centers, and health insurers.
What do you do after someone dies? Most people expect to deal with intense grief, but they might not realize how many logistical details arise after a death. Those tasks can feel overwhelming: deciding who to call, learning where to get death certificates, planning memorials and navigating finances.
Lantern, whose co-founder Liz Eddy was inspired to create the website after her grandmother died and ended up Googling what to do next, aims to be a one-stop resources for mourners. Among other things, it provides information about how to write a eulogy and “do an ash scattering ceremony,” and offers a list of “best funeral songs,” with traditional/religious, somber and joyful possibilities.
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.