Call for Proposals Now Open to Digital
Health Startups to Compete on the CharmHealth Ecosystem
CharmHealth, a leader in healthcare technology solutions for
providers, today announced the kickoff of its 2024 Innovation
Challenge. The fourth annual competition is designed to surface new
ideas that will fundamentally improve healthcare and its underlying
systems and processes. Through the Innovation Challenge,
CharmHealth provides a platform for innovators, entrepreneurs,
students, nonprofits and philanthropists to share groundbreaking
ideas with the investors, incubators and partners who can bring
them to market and effectively advance care.
For the 2024 Innovation Challenge, CharmHealth will accept
proposals in the following categories: Hardware Accelerated AI,
Generative AI, Tech Led Innovations, Mobile Health Apps, Healthcare
Accessibility, and Social Change Solutions. From these proposals,
15 candidates will be selected to attend and present at Pitch Day
during the Charmalot Annual User Conference, to be held Aug. 23-25,
2024, in Washington, D.C. CharmHealth will cover the costs for
accommodations and meals of the short-listed candidates invited to
the event.
“The Innovation Challenge is one of the most important things
that we do at CharmHealth because it enables us to discover
meaningful solutions that can have a positive impact on patients’
and providers’ lives. The breadth and depth of solutions showcased
demonstrate just how expansive the healthcare landscape can be,”
said Pramila Srinivasan, Ph.D., CEO of CharmHealth. “We put the
power of the CharmHealth EHR platform into the hands of students,
entrepreneurs and other innovators to unleash their creativity in
order to solve problems in new ways and automate time-consuming
tasks that will drive healthcare forward.”
Strategic and Supportive, the CharmHealth Innovation
Challenge Is a Competition That Provides Unique Value
Unlike other startup competitions, the CharmHealth Innovation
Challenge specifically targets entrepreneurs developing products or
solutions related to digital health and the EHR domain. This focus
allows CharmHealth to concentrate its resources and expertise in a
particular realm, fostering innovation and advancements in the EHR
and related landscapes.
CharmHealth goes beyond providing just funding or mentorship to
winners. It provides access to resources, educational materials,
and workshops focused on EHR-related topics, helping entrepreneurs
refine their product offerings and enhance their market readiness.
CharmHealth then opens its extensive ecosystem of support that
includes connections to potential clients, users and partners
within the healthcare industry — both at the event and through
CharmHealthApps, CharmHealth’s own health IT marketplace.
Another crucial aspect of the Innovation Challenge is knowledge
exchange. While providing resources, guidance, connections and
mentorship to participants, CharmHealth and its community benefit
from the fresh perspectives, creative problem-solving, and
disruptive thinking rising startups share. The conversations that
take place throughout the Innovation Challenge influence and
enhance future product development, enabling all parties to stay
agile, adaptive and competitive in a rapidly changing market. The
future of healthcare technology will be built through such
collaboration.
“The CharmHealth Innovation Challenge 2023 was a tremendous
opportunity to present HealMed Solutions to a panel of clinicians
and venture capitalists,” said Nidhi Goel, M.D., founder and CEO of
HealMed Solutions, a winner of the 2023 Innovation Challenge. “The
feedback, support and cheerleading from the audience and
CharmHealth team and insights from venture capitalists who had
knowledge and experience in the health tech space was not only
invaluable but also energizing.”
Call for Proposals
For the 2024 Innovation Challenge, participants are asked to
create their own custom applications to solve one of an infinite
number of security and IT challenges that plague the healthcare
space. For each of the six categories, CharmHealth will offer cash
prizes: $10,000 for first place, $5,000 for second place, and
$2,500 for third place.
In addition to access to capital, partners and mentors,
finalists will also have the opportunity to integrate their
products or solutions with CharmHealth’s existing platform and list
its solution on CharmHealthApps. These opportunities offer
significant market access, distribution channels, and exposure to a
wide customer base, accelerating the growth and adoption of the
winning startups.
To participate in the CharmHealth Innovation Challenge,
interested individuals, startups and organizations may submit their
proposals free of charge through the official Challenge website at
https://charmhealthchallenge.com/. The submission period closes on
Aug 1, 2024. All submissions will be carefully evaluated by a panel
of esteemed judges with expertise in healthcare technology and
innovation.
For more information about the CharmHealth Innovation Challenge,
including guidelines, eligibility criteria, and important dates,
please visit the Challenge website or contact
innovate@charmhealth.com.
About CharmHealth
CharmHealth is a leading provider of innovative healthcare
technology solutions that empower healthcare organizations to
deliver efficient, high-quality care. With a focus on
interoperability, patient engagement, and streamlined workflows,
CharmHealth offers a comprehensive suite of solutions designed to
meet the evolving needs of modern healthcare. For more information
on CharmHealth, visit www.charmhealth.com. To get breaking news,
follow the company on LinkedIn, Facebook and @charmhealth.
All brand names and solution names are trademarks or registered
trademarks of their respective companies.
Tags: CharmHealth, Innovation Challenge, Charmalot, healthcare
marketplace, AI, artificial intelligence, generative AI, digital
health, healthcare, health care, healthcare innovation, health
tech, healthcare technology, electronic health record, EHR,
healthcare entrepreneur, healthcare funding, healthcare investment,
patient engagement, healthcare startup
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version on businesswire.com: https://www.businesswire.com/news/home/20240417339664/en/
Dottie O’Rourke, for CharmHealth TECHMarket Communications
650-344-1260 CharmHealth@techmarket.com