CharmHealth Launches 2023 Innovation Challenge to Revolutionize Healthcare

Now Accepting Proposals for Disruptive Ideas That Address the Most Pressing Issues Across the Healthcare Landscape

PLEASANTON, Calif.–(BUSINESS WIRE)–#AI—CharmHealth, a leading provider of healthcare technology solutions, today announced the launch of its 2023 Innovation Challenge, which provides a platform for digital health thought leaders to share groundbreaking ideas with the investors, incubators and partners who can bring them to market and effectively advance care.

This year’s Innovation Challenge invites proposals designed to address the biggest issues faced by healthcare providers, patients and organizations. From these submissions, 15 candidates will be selected to attend and present at Pitch Day, held at Asilomar Conference Center in Monterey, California, on Sept. 2-3, 2023. CharmHealth will cover the costs for accommodations and meals of the short-listed candidates invited to the event.

“Startups are at the forefront of innovation. By supporting entrepreneurs, particularly when the funding climate is tight, CharmHealth can be an advocate and connector that contributes to the development of cutting-edge healthcare solutions,” said Pramila Srinivasan, Ph.D., CEO of CharmHealth. “Our Innovation Challenge provides an ideal platform to showcase and exchange ideas and solutions that will reshape the healthcare landscape.”

What Sets the Innovation Challenge Apart

Unlike other startup competitions, the CharmHealth Innovative 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. The Challenge also offers a comprehensive support ecosystem designed to address the unique needs of startups. This ecosystem includes connections to potential clients, users and partners within the healthcare industry. It also provides access to resources, educational materials, and workshops focused on EHR-related topics, helping entrepreneurs refine their product offerings and enhance their market readiness.

Another crucial aspect of the Innovation Challenge is knowledge exchange. While providing resources, guidance, connections and mentorship to entrepreneurs and thought leaders, 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.

Areas of Consideration

The CharmHealth Innovation Challenge welcomes submissions across six focus areas, broadly defined to encourage a range of disruptive ideas and solutions. Focus areas for proposals include: Telehealth and Telemedicine, Tech-led Innovations, Digital Therapeutics, Drug Discovery, mHEALTH, and Disease Management. Innovators can submit in one of four categories: Startup Entrepreneurs, Developers, Students, or Nonprofits and Research Groups. Within each category, CharmHealth will provide 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. This integration can 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 can submit their proposals through the official challenge website at https://charmhealthchallenge.com/. The submission period closes on Aug. 1, 2023. 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 Twitter @charmhealth and Facebook at www.facebook.com/charmhealth.

All brand names and solution names are trademarks or registered trademarks of their respective companies.

Tags: CharmHealth, Innovation Challenge, Pramila Srinivasan, AI, artificial intelligence, generative AI, digital health, healthcare, health care, healthcare innovation, healthcare technology, healthcare startup, venture capital, healthcare investment, telehealth, telemedicine, disease management, mHealth, insurtech

Contacts

Dottie O’Rourke, for CharmHealth

TECHMarket Communications

650-344-1260

CharmHealth@techmarket.com