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Plano, TX – Layered Tech, a leading provider of managed hosting and cloud services, is working with Health Wildcatters to foster the growth of early-stage startup companies in the healthcare technology sector. Layered Tech is a financial sponsor of Health Wildcatters and provides mentoring to companies participating in Health Wildcatters’ seed acceleration program.
Based in Dallas, Health Wildcatters is a spin-off of the Forbes Top 10 Accelerator, Tech Wildcatters. Health Wildcatters selects promising healthcare startups and provides them with seed funding as well as mentoring to prepare them for the challenges of doing business in the highly competitive, highly regulated healthcare arena.
As an industry leader in compliant managed hosting, Layered Tech is able to mentor these early-stage startups on the critical challenge of conducting business in compliance with the data security requirements of the Health Insurance Portability and Accountability Act (HIPAA). “Our startups stand to benefit a great deal from the knowledge and expertise that Layered Tech brings to the table in healthcare IT,” says Health Wildcatters Co-Founder and Executive Director, Dr. Hubert Zajicek.
Healthcare Wildcatters’ First Annual Development Program and Pitch Day
In September Health Wildcatters selected its first group of a dozen healthcare startups to receive seed funding and participate in a 12-week development program aimed at helping the fledgling companies refine their business model, develop their products, and hone their business development skills.
Layered Tech’s Chief Risk Officer, Jeff Reich, and Risk Manager, Terry Raitt, served as mentors for Health Wildcatter program participants, guiding the group through questions about HIPAA regulations, what a “covered entity” is, and what sort of controls have to be put in place for storing patient data online. After the main presentation, Reich and Raitt fielded questions from the entrepreneurs. Layered Tech’s compliance experts have continued to mentor program graduates who have HIPAA-related questions or concerns.
The 12-week program culminated in the first annual Health Wildcatters Pitch Day on November 20th, held at the George W. Bush Institute in Dallas. Each participating startup presented their business idea to the audience of around 400 angel investors, venture capitalists, business leaders, and media members who attended the sold-out event.
Health Wildcatters plans to select a new group of healthcare startups each year to receive funding and participate in the development program and Pitch Day.
Reich sees a bright future for Health Wildcatters and the companies that it grooms. “The healthcare IT space is about to explode,” says Reich, citing new government mandates and the push toward electronic health records. “In this environment, a healthcare-focused seed accelerator program like Health Wildcatters can help entrepreneurs turn great ideas into great businesses.”
About Health Wildcatters (HW)
Health Wildcatters is the first healthcare seed accelerator in the Southwest. The mentor-driven program focuses on healthcare innovation-driven startups. Health Wildcatters is committed to innovating healthcare to improve quality of care and save lives. What makes Health Wildcatters unique is that the focus isn’t only on technology. Health Wildcatters is committed to saving lives and changing patient care through innovation and technology. Health Wildcatters was co-founded by the Forbes Top 10, B2B-focused technology accelerator, Tech Wildcatters.
Layered Technologies (Layered Tech), a leading global provider of compliant and secure cloud and hosting services, supporting mission-critical e-business applications, offers PCI-, HIPAA- and FISMA-compliant hosting solutions, managed dedicated hosting and cloud computing services, including Compliance Guaranteed, which ensures that all Layered Tech compliance services are guaranteed to pass 100 percent of every IT audit or assessment. By providing high-quality technology, infrastructure and support, Layered Tech enables clients to eliminate capital expenses and save on operating costs so they can focus on core initiatives. Layered Tech’s scalable infrastructure powers millions of sites and Internet-enabled applications, including e-commerce and SaaS. Clients include federal, state and local government agencies; large enterprises with advanced data security, compliance and uptime requirements; and leading-edge Web 2.0 startups. For more information, visit www.layeredtech.com.