Medecipher Solutions won the Judges Award at the Spring 2022 Mayo Clinic and Arizona State University MedTech Accelerator Pitch Competition. Medecipher was selected as one of 8 companies from more than 250 international applicants to participate in the program that supports early-stage medical device and healthcare technology companies to optimize and accelerate go-to-market and investment possibilities. The MedTech Accelerator is part of the Mayo Clinic Arizona State University Alliance for Health Care, a collaboration between Mayo Clinic (the recognized world leader in patient care, education, and research) and ASU (the nation’s No. 1 ranked university for innovation.)
“The pitch event marked the culmination of a two week immersive experience with world-renown clinical and administrative subject matters at the Mayo Clinic and the expansive academic infrastructure of Arizona State University. We were challenged by experts from the MedTech ecosystem to re-imagine how our technology can solve critical clinical operational challenges across diverse clinical areas, and how to integrate with existing practices and initiatives to speed adoption,” shared CEO Stephanie Gravenor.
“We’re learning every day how our solution could address new challenges and areas throughout the health system. We are extremely optimistic that we will be successful in tackling a variety of operational inefficiencies and measure the impact of our innovative optimization models that translates not only to financial impacts to our clients, but to higher quality care,” said Chief Nursing Informatics Officer, Brian Gammon.
During the pitch, Medecipher showcased its flagship solution addressing the #1 issue healthcare leaders face, nurse staffing. The operational decision support platform helps hospital nursing managers proactively staff and schedule nurses to meet patient demand by using sophisticated mathematical approaches and incorporating the unique constraints of each hospital.
“Our software is about planning the care team, prescribing care models that best predict the patients’ actual needs, and aligning the organization’s available staff to best meet the needs of that population,” shared CEO Stephanie Gravenor. “It was an honor to share the stage with the 8 companies selected for the program, and to be awarded the top prize by the judges.”
What’s next?
Graduation from the MedTech accelerator starts a new chapter for Medecipher with the official launch of a Seed fundraising round. “Building on the progress we have made in the past year, we are thrilled to share that we are kicking-off fundraising efforts with a seed round.”, Stephanie Gravenor, CEO.
Over the coming weeks and months, Medecipher will continue to strengthen the relationships formed with Mayo Clinic and Arizona State University. We have plans to fully explore the many opportunities and ideas discovered through the valuable meetings and sessions with Mayo and ASU experts. Medecipher has been invited to return to campus to be showcased in a Phoenix Business Journal MedTech Accelerator event on May 18, 2022 highlighting current and past Accelerator participants.
“This has truly been a transformational experience for not only our business and commercialization strategy, but also personally for our entire leadership team. We are grateful for the genuine support and valuable mentorship provided by Dr. Lester, Professor Hall and the insights shared from wonderful leaders and experts that participated in this program. We are poised to take our innovative solution to the broader market and work to tackle healthcare’s greatest challenge today: nurse staffing,” Chief Nursing Informatics Officer, Brian Gammon.
Read more about the Pitch Competition in the article, “Medicine of the future in competition” authored by Scott Seckel, Reporter at ASU News.