Band Connect, a medtech company revolutionizing the physical therapy experience, has announced that they have secured a U.S. Patent. This achievement marks a significant milestone in Band Connect’s journey and solidifies its position as a leader in the physical therapy rehabilitation space.
The patented technology system, developed by cofounders Abby McInturf and Rohit Nayak, represents a significant advancement in the physical therapy industry. Unlike other platforms available, Band Connect offers the first clinically validated and condition-specific solution that leverages sensor-enabled resistance based training without the need for cameras or on-body sensors.
This patent, in conjunction with the initial results of their clinical trials and pilots, is a huge step in validating Band Connect’s innovative approach to enhancing the PT workflow. “We are on a mission to revolutionize the physical therapy experience for both clinicians and patients, with a focus on driving superior clinical and economic outcomes,” said cofounder Abby McInturf.
In an era where PT clinics are facing escalating costs and diminishing reimbursements, compounded by high patient attrition and tech-first initiatives that focus on disintermediating PT clinics, Band Connect provides a new form of ‘hybrid therapy’. This technology innovation allows physical therapists to upgrade their treatment protocol by optimizing in-clinic visits, which in turn increases patient compliance and treatment completion by more than 200%.
This approach also extends care to vulnerable patients who otherwise would not have access to the appropriate care, and facilitates continuous communication between patients and clinicians regardless of location.
Team8, a global fund that builds and invests in companies playing a crucial role in the digital transformation of major sectors, has closed new funds totaling $500 million, bringing its total assets under management to more than $1 billion mark. The fund has expanded its focus beyond its original scope of cybersecurity to include fintech, data infrastructure, AI, and digital health.
Team8’s Venture-Creation Digital Health Fund raised $70 million for its first fund. The fund will partner with experienced entrepreneurs positioned to revolutionize the digital health ecosystem. The fund will be used to jointly build and invest the seed rounds in 1-2 new startups a year.
BrainCheck, a digital health innovator delivering first-of-its-kind technology into the growing digital cognitive assessment market, has closed a $15 million financing round, led by Next Coast Ventures, S3 Ventures, and UPMC Enterprises, the innovation, commercialization, and venture capital arm of UPMC, according to a press release. The company also expanded its board of directors with the appointment of Nicholas Shapiro, vice president, UPMC Enterprises, as a new board member, further strengthening the Company’s strategic leadership.
The funding will accelerate BrainCheck’s commercial traction, expand innovation within its product portfolio, build upon existing clinical evidence, and extend the Company’s impact throughout the healthcare landscape, including major integrations with healthcare systems. This announcement follows the recent launch of BrainCheck’s next generation platform and 3-minute screening solution, which empowers clinicians to screen and monitor patients’ cognitive function anytime, anywhere.