TMCx Digital Health Accelerator Prepares for 2018 Class | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

TMCx Digital Health Accelerator Prepares for 2018 Class

October 23, 2017
by Healthcare Informatics
| Reprints
The TMCx Digital Health 2017 cohort of 21 startups raised over $44 million and had 84 engagements with potential customers

Housed in a 100,000-square-foot, state-of-the-art facility in Houston, TMCx is a digital health accelerator program launched in 2015 by the Texas Medical Center’s Innovation Institute. Texas Medical Center is the world’s largest medical complex, with 21 hospitals on its campus. Now TMCx is seeking applications for its 2018 class of startups.

TMCx is designed to lower barriers of access to the world's largest medical center, allowing startups to leverage an expansive advisor network from the 21 Texas Medical Center hospitals and tailored curriculum, to clinically validate and find product market fit for their solutions.

The TMCx Digital Health 2017 cohort of 21 startups raised over $44 million and had 84 engagements with potential customers in the form of pilots and agreements over the course of a four-month program. This program is at no cost to the companies and TMC does not retain equity.

The new class starts Feb. 12, 2018, and the deadline to apply is Nov. 17, 2017.

In a 2016 interview with Healthcare Informatics, Erik Halvorsen, director of the TMC Innovation Institute, said one key focus is addressing the hospitals’ pain points. Before selecting the startups for the 2016 TMCx program, his team spoke to the CIOs of all the major hospitals that are part of TMC about their unmet needs and created a list of about 15 topics that became part of the selection criteria. “We bring these companies in and accelerate them, incubate them and connect them at an early stage so they can use these relationships to get feedback,” he explained. “That ensures they are building something that somebody actually wants.”




Allscripts Acknowledges Ransomware Attack, Says Impact is “Limited”

Health IT vendor Allscripts has acknowledged that it is investigating a ransomware incident that has impacted a limited number of its applications.

AHRQ to Fund Patient Safety Learning Laboratories

The federal Agency for Healthcare Research Quality plans to spend up to $5 million in fiscal 2018 to support as many as eight patient safety learning laboratories.

RCM Global Software Market to Hit $43.3B by 2022, Report Finds

The global market for healthcare revenue cycle management software is estimated to reach $43.3 billion by the end of 2022, according to a report from Future Market Insights (FMI).

Global Open Source HIT Project Gets $1M Donation From Cryptocurrency Philanthropy

OpenMRS, Inc., an open source medical records platform used in developing countries, has received a $1 million donation from the Pineapple Fund, an $86 million cryptocurrency philanthropy created by an anonymous donor known only as “Pine.”

Media Reports: Massive Data Breach of Norwegian Health Authority Could Impact 3 Million Patients

International media outlets are reporting that a hacker or hacker group breached the systems of Norway’s Health South East EHF, potentially compromising the healthcare data of nearly 3 million patients, or about half of Norway’s population.

Healthcare Groups Call for Improvements to Prior Authorization Process

A collaborative of healthcare organizations, including the American Medical Association, the American Hospital Association, and the Medical Group Management Association, released a joint statement this week calling for improved prior authorization procedures, including automating the process to improve transparency and efficiency.