Healthworx

AI is forcing nearly every industry to evolve, and healthcare is no exception. Law360 caught up with Managing Partner of Healthworx, Doba Parushev, to get his perspective on AI as it pertains to healthcare. The technology has tremendous potential to automate much of the tedious work that exists within healthcare. More specifically, and in his words, "AI has capabilities that are on par and potentially beyond human," by being more consistently "empathetic" for longer periods of time, as well as more knowledgeable than any single person could be. "I'm keeping very much an open mind because I'm not quite sure how it's going to affect our world yet," he said. "I just know it's going to be different." The important takeaway here -- maintain an open mind. Resistance to change will never be the answer. But when it comes to healthcare -- a space that is dire for innovation -- AI could very well be a tool that helps bring new solutions to life, increases the accessibility of care, and improves the patient experience.

Coming at you, live, from HLTH 2024 in Las Vegas! Exponential amounts of time, energy, resources, and effort go into these professional conferences. There's endless amount of preparation required, and once you've arrived, the work has only begun. We were -- and are -- looking forward to familiarizing ourselves with the various ways in which the healthcare industry is innovating, both out of interest and intrigue, as we continue our collaborative work to build a better future for healthcare. The best part? The opportunity to interact with so many brilliant minds working in and around the industry, to connect with professionals from all walks of life who share a common goal of driving innovation into healthcare, and to learn and garner inspiration from one another that we can carry home and back into our work. What a pleasure it's been to meet so many new faces, and we're looking forward to fostering those connections and many more to come. #hlth2024 #healthworx #healthcareinnovation

In the spotlight today: Healthworx Studio! Here's the TLDR: at Healthworx Studio, we're seeking and partnering with passionate founders to co-create the future of healthcare. They bring the bold vision and track record, we show up with industry expertise, capital, and infrastructure to build a great business. Healthcare today can be inaccessible, costly, and ineffective. We believe change is possible through greater transparency, improved patient engagement, and streamlined care delivery. Our startups are at the forefront of that change, bettering the healthcare system for all. And that's barely scratching the surface.

We're always excited to see our Healthworx Accelerator cohort companies broadening awareness about important issues in healthcare. Sunday Health, a startup providing comprehensive and compassionate brain health care for older adults, was recently featured on the Aging Matters podcast, where they discussed cognitive decline and how to delay or prevent it. Check out the full episode for their insights!

The 2024 Inaugural Healthworx Accelerator Cohort is up and running! What a journey it has been as we've molded Healthworx Accelerator into a transformative 'graduate program' for ambitious and innovative early-stage healthcare companies. Over the past year, as the Healthworx mission ambitiously grew, our model expanded to reshape our program, and simultaneously develop tangential avenues for impact in the form of Healthworx Ventures and Healthworx Studio. The future of healthcare will deliver effective, affordable, high-quality, equitable, accessible solutions. It's not only the right option -- but the only option.

All illnesses deserve the same quality care and treatment. That must include mental health. Today is #WorldMentalHealthDay, and we proudly highlight the importance of this year's theme: "It is Time to Prioritize Mental Health in the Workforce." Agreed. As a company committed to creating healthier futures and better healthcare experiences for all individuals, we recognize that work involves rallying behind voices of positive change and mental health advocacy. We’re prioritizing mental health by working with companies like April Health whose mission is to make quality mental health support and psychiatric services available to all those in need. Let’s improve accessibility and continue to focus on mental health in the workplace. #WMHD2024 #WorkplaceMentalHealth

The sentiment "move fast and break things" that is often applied to startups doesn't work when it comes to healthcare - and that's a large part of the reason Healthworx offers the resources and support burgeoning health companies need to survive and thrive. Doba Parushev, managing partner at Healthworx, gives the full story in this Becker's Healthcare article on the two main reasons Healthworx is backing startups: "A big part of what we do at Healthworx is try to bridge those two worlds — the established, trusted, important work we do at CareFirst, with the much faster, dynamic, visionary, sometimes crazy but important work that startups do." When it comes to credibility and the ability to create lasting change in healthcare, it's critical to know the importance of what you're building. Our mission in backing an accelerator program that supports launching new healthcare-focused AI companies is to provide the kind of protection and perspective that is essential to work in this industry. Learn more in the full article below!

October is #BreastCancerAwarenessMonth! This month, we rally in support and recognition of more than 4 million breast cancer survivors living in the United States. Women's health has finally made some long-overdue strides into the limelight -- and throughout the month, we'll be shining a spotlight on a few of our partners who have contributed to the momentum. According to the American Cancer Society, early detection and increased awareness have resulted in a steady decline in breast cancer death rates. Every piece, no matter how small, plays a significant part in improving women's health outcomes -- whether that's vulnerability in conversation, technology innovation, self-examination education, or proactive and preventative efforts such as diet and exercise.

In collaboration with Healthworx and CareFirst team members Laura Gomez Cadena and Sheila Yahyazadeh, MPA, PMP, we're proud to honor Hispanic Heritage month and call attention to the need for inclusivity and accessibility in our healthcare system for all populations. We've seen remarkable progress in recent years, but still have a long way to go in overcoming barriers to care for the Latine community. As part of our work, we'll continue to draw awareness to underserved populations, and advocate for care solutions that promote better affordability, accessibility, quality, and equity across the board. Check out their full blog post here!

The next big thing in healthcare requires a team dedicated to building, launching, and accelerating sustainable solutions. Our 2024 #HealthworxAccelerator cohort reflects transformation and support for others to make meaningful impacts on the industry. Meet the companies that are providing health and wellness support: Expect Fitness: Transform your pregnancy with the only streaming fitness platform where every workout is approved for safety by world-class OB/GYNs. Prosper Health: Remove all barriers to moms accessing the highest quality mental health support. Juniver: Science-based recovery program for disordered eating. Free yourself from urges, strengthen your decision-making, and get back to living your life. Sunday Health: Comprehensive & compassionate brain health care for older adults -- whether they're curious about the resilience of their cognitive function or are assisting a loved one through a diagnosis of dementia. Shimmer: Live better with ADHD -- build a life you love through personalized 1:1 video coaching, handcrafted productivity tools, and science-backed learning modules.