Tag Archives: Cost to Zero

With Particle Health’s API, Troy Bannister Is Making Health Data Interoperability a Reality



A 2021 report in Bloomberg Law stated that though “Health IT pros and federal regulators dream of a healthcare system in which the flow of information happens seamlessly through a simple mouse-click, at least 70% of healthcare providers still exchange medical information by fax.”

In the world of health innovation, we know what can be unlocked when patient data can move safely and quickly from point A to point B. We know it because we saw it in the world of personal finance. Interoperable financial data empowered normal people to take charge of their finances, sending and receiving money, investing with a click of a button. It also empowered a new generation of apps like Venmo and Robin Hood.

This week we bring you a conversation with Troy Bannister, CEO and Co-founder of Particle Health, a StartUp Health portfolio company that is working to bring to healthcare the same level of data interoperability that we’ve experienced in personal finance. Their API framework is a foundation for healthcare innovators to build upon, so really we’re just at the very beginning of seeing what’s possible.

Troy explains what they’ve built, and what’s coming next in health data interoperability in this conversation with Katya Hancock, partner at StartUp Health. The chat was held in front of a live audience at the StartUp Health Festival @ ViVE in Miami Beach in March.



Learn more and connect with the team at Particle Health.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.


How Lazurite Scored Rapid FDA Approval for Their Wireless Surgical Camera



In health innovation, sometimes the eureka moment that sparks a business is subtle. Maybe you’re a physician clicking away on an electronic health record and it dawns on you that you could do the same thing with fewer clicks. An idea is born.

At other times, inspiration smacks you in the face. Or, as in the case of Eugene Malinskiy, the CEO & Co-founder of Lazurite (a StartUp Health company since 2017), smacks someone else. In this podcast, we’ll hear how a fateful day in the operating room set Malinskiy on a multi-year journey of creating the world’s first wireless minimally invasive camera system for use in the OR. The big challenge, as he’ll explain, was getting a powerful enough light system into the unit. This month, Malinskiy and his team celebrated the milestone of receiving FDA clearance for their ArthroFree camera, so we caught up with them to hear the latest.

We also hit Malinskiy up for some practical advice on navigating the FDA process. One tip? Find and invest in an experienced regulatory partner early in the process.

Learn more and connect with the team at Lazurite.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.


At Particle Health, Troy Bannister Is Bringing the Best of FinTech to Healthcare



Meet Troy Bannister and the Particle Health team when you join us in Miami Beach in March for StartUp Health @ ViVE 2022: startuphealth.com/vive

It’s no secret that healthcare as an industry has lagged behind most industries when it comes to tech adoption. We can search and buy plane tickets on our phones, get a same-day delivery of toothpaste with a click of a button, but medical records often still need to be faxed in paper form from one hospital to another.

Your response might be that’s OK since healthcare is a lot more complicated, and data security is a bigger deal when it comes to health than it is in travel and retail. However, consider Exhibit B: Digital personal finance. Today, people deposit checks, send money, even invest in the stock market, with a click on their phones, in spite of the very sensitive nature of the data involved.

I say all of this because my guest on the show today, Troy Bannister, is bringing the best of finance tech and bringing it to the healthcare industry. Troy is the CEO and Co-founder of Particle Health, which StartUp Health backed in 2018, and he’s on a mission to kill the fax machine and make the essential exchange of health data as easy as Venmo, Mint, or RobinHood. Particle Health is doing this through a clever API approach that helps developers build new, exciting apps.

Join us in Miami Beach from March 6-9 for StartUp Health @ ViVE 2022 to meet the Particle Health team and dozens of other Health Transformers: startuphealth.com/vive

Learn more and connect with the team at Particle Health.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.


These Two StartUp Health Entrepreneurs Are Driving Down Healthcare Costs



This episode is part of our monthly Health Moonshot series. Last month it was all about mental health, today, we’re talking about founders and companies creating new ways to drive down healthcare costs. Ismail Badjie, CEO & Co-founder of Innovarx, has built a conglomerate of healthcare services including multiple brick and mortar stores, an e-commerce business, a global telemedicine platform, and a mobile clinical unit called, “Wellness on Wheels,” all formed to become the primary clinical service company in The Gambia. Bill Nordmark, CEO of Aver, has developed a purpose-built single instance, multitenant, HITRUST certified platform that supports payers to design and implement value-based contracts.
Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.


Medical Billing Startup Inbox Health Bags $15M to ‘Fix the Pipes in Healthcare’



Blake Walker, CEO and Co-founder of Inbox Health, which joined StartUp Health in 2014, is helping to upgrade medical billing by delivering a personalized billing experience to healthcare practices. They’ve built a billing tool that puts clear communication at the center, which has helped them grow by 500% in the last year, and they’re signing 100 new practices per month. And they just raised $15M to scale their platform even faster.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com
Investors: How to invest in StartUp Health Moonshots healthmoonshots.com
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.


GE Healthcare’s Karley Yoder Builds Bridges With AI



Karley Yoder made a name for herself in the digital health world at Doctor on Demand and Apple before launching a career at GE Healthcare, where she now serves as Vice President and General Manager of Artificial Intelligence. Today, she works to find the signal in the noise surrounding AI, helping the company leverage its potential to improve patient outcomes, rather than to apply, as she puts it, “technology for technology’s sake.” Yoder joined the StartUp Health community at a recent Fireside Chat, where she explained how impact-driven AI can help to expand care teams, why effective partnerships are built on practical approaches to problems, and how an ecosystem of “GE-plus-others” can help ensure positive, sustainable change.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com
Investors: How to invest in StartUp Health Moonshots healthmoonshots.com

Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/contentSign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.


Cloudbreak’s Jamey Edwards Breaks Down the UpHealth Mega Deal and Why SPACs Work



Jamey Edwards, the CEO and Co-founder of Cloudbreak Health, has been in telemedicine for years, but his health moonshot impact is about to get a lot bigger. Thanks to a SPAC (which he breaks down in the podcast), his company has been “rolled up” into a new publicly-traded mega-company called UpHealth, which will bring to bear hundreds of millions of dollars and combine the offerings of multiple digital health entities.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com
Investors: How to invest in StartUp Health Moonshots healthmoonshots.com

Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/contentSign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.


Particle Health’s “Quark” Sandbox Gives Healthcare Companies Secure Access to Their Medical Data



In this podcast episode, CEO and Co-founder Troy Bannister reveals what his Brooklyn-based startup has been working on for the last 2+ years. And now, with Quark, their new HIPAA-compliant platform that converts EMR data into an easily digestible format, health tech app developers can play around with Particle’s API that makes patient data instantly and securely available. Bannister also explains why, because of shifting patient data regulations, the time is now to innovate and destroy the fax machine for good.

Connect with Troy and his team at Particle Health here.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com
Investors: How to invest in StartUp Health Moonshots healthmoonshots.com

Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content. Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.


Conversa Health Built on Its Virtual Care Platform to Quickly Launch COVID-19 Screening Tools for Frontline Workers




Brand Newland Is Fighting Opioid Overprescribing by Improving and Standardizing the Surgery Experience



Established with the goal of improving recovery time and bettering outcomes for patients undergoing surgical procedures, the Enhanced Recovery After Surgery (ERAS) protocols have revolutionized that experience. Unfortunately, variations in surgical practices do not allow every patient to benefit. Brand Newland, CEO and Co-founder of Goldfinch Health, hopes to change that. Through Goldfinch, Newland is making sure that employers are able to provide their patients with the best surgery options available; An opportunity for patients to recover faster, employers pay less in sick leave, insurance companies pay for fewer complications and setbacks. Finally, and perhaps most importantly at this moment in history, faster recovery times mean less reliance on opioids. And Newland sees his work at Goldfinch as a critical upstream component to fighting the opioid crisis.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com
Investors: How to invest in StartUp Health Moonshots healthmoonshots.com

Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content. Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.