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Health Care Companies Share Innovations in 'Shark Tank' Style Competition

Twenty-three companies participated in the competition, aimed at finding innovative solutions to challenges facing the health care industry.

11/19/2015  |  By Florida Hospital Media Relations

Florida Hospital hosted a gathering of cutting-edge medical companies on Nov. 19, 2015, with the goal of finding innovative solutions to challenges facing the health care industry. Twenty-three small and medium-sized companies from around the country took part in the "Shark Tank" style competition, which was held at the Dr. Phillips Center for the Performing Arts.

Companies ranging from app developers to medical-device makers presented solutions to a selection of 10 key challenges, and fielded questions from a panel of judges. The audience, made up of presidents and chief innovation officers of medical-related companies from around the country, voted on each presentation as it happened.

"The major benefit for participating companies is to have access to the major decision makers at Florida Hospital," said Vickie White, vice president of strategic partnering. "For Florida Hospital, this competition helps us to speed up the innovation process, which will ultimately benefit our patients."

The winner of the competition was Babyscripts, a two-year-old company based in Washington, D.C. The company received an all-expense paid trip for seven back to Orlando, where they will participate in three days of sessions at the Florida Hospital Innovation Lab. The lab helps companies test and streamline their products and processes much more quickly than they would otherwise be able to do.

"Babyscripts remotely monitors pregnancies using internet-of-things technologies," said Juan Pablo Segura, co-founder and president of the company. The company sends expecting mothers monitoring equipment – including a blood pressure cuff and scale – that's connected to the Internet. Using an app, the women's health information is sent to their health-care providers during the pregnancy, cutting down on the need for office visits.

"We're excited to find a way to work with Florida Hospital and bring Babyscripts to Florida," Segura said.

The competition is part of the National Council of Presidents, a two-day gathering of health-care leaders from across the country.