This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Athenahealth And MIT H@cking Medicine Announce Winners Of Hack-a-thon

Stocks in this article: ATHN

WATERTOWN, Mass., May 8, 2013 (GLOBE NEWSWIRE) -- athenahealth, Inc. (Nasdaq:ATHN), a leading provider of cloud-based services for electronic health record ( EHR), practice management , and care coordination, in partnership with MIT's H@cking Medicine, today announced the winners of its Hack-a-thon, held at athenahealth's headquarters in Watertown, Massachusetts, this past May 4-5.

Project MIST received top honors, and a $5,000 cash prize, for a unique solution to the challenge faced by glaucoma patients when applying eye drops: proper execution. The team came up with a hardware prototype that costs roughly $5 to make and would allow patients to fill the container with eye drop fluid and easily spray a mist across the eyes, making it more efficacious, and less cumbersome, than traditional methods.

The goal of the Hack-a-thon was to bring together inventive, forward-thinking minds to take on the status quo in health care and introduce disruptive and meaningful solutions to make health care work as it should. Twenty teams representing more than 100 individuals—including physicians, nurses, engineers, designers, data scientists, students, and software developers—had the opportunity to develop from scratch, or fine-tune a concept, over the course of the weekend and then present a demo of their application(s) to a panel of judges. After 90 minutes of presentations and deliberation, the following were awarded a cash prize:

  • 1 st place: Project MIST
  • 90 percent of glaucoma patients in clinical studies could not effectively administer eye drops on their own. Project MIST delivers an easy-to-use spray canister that transforms drops into a mist.
  • 2 nd place: Hermes
  • A voice-powered, query-based EHR data retrieval system that organizes and prioritizes information for on-the-go caregivers.
  • 3 rd place: Amplitude
  • Enables the easy measurement of patient blood flow and perfusion using an iPhone app and cloud-based video image processing algorithms.
  • "Best User Experience": TestLoop
  • TestLoop is an automated system designed to deliver lab or test results in a timely, concise manner and confirm receipt by the patient.
  • "Best Pivot": Healfair
  • Healfair brings down the costs of dental care for uninsured patients by creating the ability to 'shop' for local dentists online. The team originally set out to review all medical claims cost data, but pivoted their focus to dental care after assessing potential market competition.

$7,500 in cash prizes was provided to the winners by Goodwin Proctor and athenahealth's business development program More Disruption Please (MDP) to fund innovation in health IT. Winners also gain potential access to MDP, aimed at launching a massive surge of disruptive innovation in health care for the overall advancement in the way patient care is coordinated, delivered, and reimbursed. Past participants of hack-a-thons have gone on to start successful health care IT companies, including Smart Scheduling, a current MDP partner.

Jonathan Bush, chairman and CEO, athenahealth, said: "The uphill battle for entrepreneurs in health care is huge; heavy regulation, lack of access to data and caregiver access can prove impossible for startups to overcome. A hack-a-thon is about connecting passionate individuals with great ideas to likeminded experts and mentors across different fields. This process can create an onramp for entrepreneurs to health care. Whether that idea is to bring down costs, improve the patient experience, or strengthen care standards and compliance, these 'hackers,' like athenahealth, are focused on making health care work as it should."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs