LIFE365 JOINS BIOACCEL’S NEW VENTURE DEVELOPMENT PROGRAM - Creating Smart Wearables for Seniors and Chronic CareWednesday, March 30, 2016
FOR IMMEDIATE RELEASE
LIFE365 JOINS BIOACCEL’S NEW VENTURE DEVELOPMENT PROGRAM
Creating Smart Wearables for Seniors and Chronic Care
Life365 is a new venture founded by Arizona native and entrepreneur Kent Dicks. The Life365 “Rain” platform uses light-touch hardware, software and services to keep patients engaged with their health, assist in adherence to prescribed health regimens, and integrate individual health data into electronic medical records.
Life365’s objective is to build on the demonstrated efficacy of remote-patient monitoring with cost-effective, scalable and adoptable solutions to reach a greater number of patients. This health monitoring solution will enable business models of payors, providers, Accountable Care Organizations and other entities financially responsible for patient populations.
Life365 recently was selected by BioAccel, through its New Venture Development Program, to receive early-stage resources, including funding and office space located at BioInspire, a 7,000 square-foot bioscience laboratory and office facility in Peoria, Arizona. Life365, BioAccel and the City of Peoria share a strong commitment to expand the local economy, bring high-tech biomedical jobs to the Valley, and improve Arizona’s health through innovation. Life365 initially will roll out its platform for use with Arizona veterans, rural and underserved populations.
BioInspire, operated by BioAccel and founded in partnership with the City of Peoria, is one of few incubator facilities in Arizona providing not only business and technical support, but also offering investment financing to early-stage companies qualifying to participate in BioAccel’s commercialization programs.
“BioAccel, utilizing the medical device facility BioInspire, is a great platform for growing jobs and bringing attention to the growing bioscience and medtech industry in Arizona,” said Kent Dicks, Life365 Chief Executive Officer “Peoria has done much to raise its profile in the biomedical space, utilizing the local community resources to accelerate the growth of these businesses – assisting them in bringing their concepts to commercialization. BioAccel is a great resource for startups new to the challenges of launching a business, as well as experienced entrepreneurs like ourselves who want to bring innovative products to market faster.”
“BioAccel is excited to partner with Life365,” said MaryAnn Guerra, BioAccel Chief Executive Officer. “We believe that use of digital, wearable and mobile health innovations has the potential to transform social conditions, systems processes, access to care, desired health impact and outcomes. Life365, with its integrated platform, allows us to enter the rapidly growing wearable sensor space and enables synergistic opportunities for other vanguard technologies included in BioAccel’s portfolio.”
Life365's RAIN Platform uses "lite" technology and "lite" touch engagement to acquire the largest amount of actionable health data from the greatest patient population at the lowest cost possible - in order to enable services, increase adherence, reduce hospitalization, and improve health outcomes.
The RAIN platform integrates health data collected by Wearable Sensors and "Hubs" to Electronic Medical Records and analytics systems. The scalable platform is made up of Hardware (connected wearable sensors & health monitoring devices) Software (data integration, device configuration and analytics), and Services (care management, user engagement & incentives).
Life365 is headquartered in Peoria, Arizona, with operations in San Jose, CA and Boston, MA. For more information regarding Life365, and RAIN please visit www.rainislife.com.
Contact: Randy Strength
Director of Marketing and Communications
888.813.2322 x701 – email@example.com
BioAccel is the leading organization in the United States dedicated to developing a robust bioscience ecosystem including entrepreneur development, and creation of a validated pipeline of commercially viable bioscience technology to transform healthcare delivery. Our mission is to work with qualifying entrepreneurs and their early-stage bioscience technology and medical device companies to identify start-up funding, as well as provide training and mentorship to accelerate commercialization, improve healthcare through innovation, and diversify economic development.
Since inception in 2009, BioAccel has supported the launch of 17 game-changing healthcare device companies through early-stage funding, mentoring, and training, filling an unmet need in Arizona’s emerging bioscience sector.
All BioAccel programs are dedicated to achieving our mission: To work with qualifying entrepreneurs and their early-stage bioscience technology and medical device companies to identify start-up funding, as well as provide training and mentorship to accelerate commercialization, improve healthcare through innovation, and diversify economic development. For more information regarding BioAccel, please visit www.bioaccel.org.
Contact: Carol A. Poore, Ph.D.
Vice President, Development
602.451.6769 - firstname.lastname@example.org