West Health Institute licenses Kinect-based physical therapy technology to Reflexion Health; West Health Investment Fund makes $4.25 million investment
Startup becomes second company to transfer technology from West Health Institute and move to West Health Incubator
SAN DIEGO, Oct. 30, 2012 /PRNewswire-USNewswire/ -- The West Health Investment Fund has made a $4.25 million investment in Reflexion Health, Inc., a newly formed startup company that has licensed Microsoft Kinect for Windows-based physical therapy software developed at the West Health Institute. Reflexion Health is the second startup company to emerge from the West Health ecosystem, which is solely focused on lowering the cost of health care.
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"Reflexion Health is another great example of how the West Health entities work together to develop technologies that can lower the cost of health care," said Nick Valeriani, chief executive of West Health. "Initially developed at the West Health Institute, now funded by the Investment Fund and moving to the Incubator, we look forward to Reflexion Health helping to lower the cost of health care for patients undergoing physical therapy."
Reflexion Health develops prescription software for health care. Its first application, the Rehabilitation Measurement Tool (RMT), addresses musculoskeletal disease, which costs Americans $127 billion a year, according to estimates from the American Academy of Orthopaedic Surgeons. Used with the Kinect for Windows' motion tracking system and a personal computer, the application provides interactive feedback and educational materials. This is expected to potentially help physical therapists and physicians measure a patient's rehabilitation and eventually improve patient adherence to the prescribed therapy and ensure the exercises are performed correctly. (Watch video.)
"Reflexion Health is demonstrating that engaging medical software can become a powerful tool for clinicians to help patients, just like prescription drugs or traditional medical devices," said Spencer Hutchins, co-founder and CEO of Reflexion Health. "This substantial investment will help Reflexion Health build its world-class team, accelerate product development and conduct clinical trials with the system."
Reflexion Health is growing its team and looking for world-class talent in the following areas: software developers, designers, validation engineers and technical support engineers. Please see all the employment opportunities at www.reflexionhealth.com/join-the-team.
The RMT has not yet been cleared for marketing by the U.S. Food and Drug Administration.
Reflexion Health is the second resident company of the recently launched West Health Incubator, located in La Jolla on the same campus as the West Health Institute, with approximately 10,000 square feet of space. The Incubator, which also is home to West Health-developed Sense4Baby, Inc., provides infrastructure, strategic guidance and access to an extensive network of key partners, allowing for the transfer to industry of research technologies developed at the Institute and elsewhere that have the potential to lower the costs of health care. Prior to acceptance or admission, companies in the Incubator must receive an investment commitment from the West Health Investment Fund.
ABOUT WEST HEALTH
West Health is an independent, one-of-a-kind initiative whose mission is to lower health care costs by creating innovative, patient-centered solutions that deliver the right care at the right place at the right time. Solely funded by pioneering philanthropists Gary and Mary West, West Health is an initiative combining four separate organizations with a shared goal to lower health care costs – the West Health Institute, the West Health Policy Center, the West Health Investment Fund, and the West Health Incubator. For more information, find us at www.westhealth.org and follow us @westhealth.
ABOUT REFLEXION HEALTH
Reflexion Health is a prescribed software publisher based in San Diego. Its first product, the Rehab Measurement Tool (RMT), aims to transform rehabilitation medicine by providing engaging, low-cost software tools to improve physical therapy. You can learn more about Reflexion Health and its products at www.reflexionhealth.com and follow us @reflexionhealth.
SOURCE West Health
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