Grand Central Tech is currently accepting applications for its 2016-2017 class. CLICK HERE to start your application now! GCT is also holding an Open House on Tuesday, April 5th from 6 PM – 8 PM for companies interested in seeing the space and learning more about GCT! Stop by to check out the space and meet with the GCT team. RSVP here.
Odds are, you know someone with a respiratory ailment. 50 million Americans have chronic respiratory disease, with 24 million suffering from chronic obstructive pulmonary disease (COPD) and 26 million suffering from asthma. And yet, the standard of care for pulmonary patients has not evolved in decades, requiring manual tracking of lung function and medication utilization – a burdensome life-long responsibility – and even the smallest error or omission resulting in an attack or visit to the Emergency Room. One of our very own Grand Central Tech companies is transforming respiratory care through smart mobile devices; empowering pulmonary patients to engage in their care through a proprietary connected health platform, comprising offline sensors, mobile spirometer, gamified mobile application, and real-time analytics. The result: reduction of Emergency Room visits to ZERO in current clinical trials. You’ve heard about connected devices and the future of wearables? Well this is where the talk starts turning into dramatic results.
Meet Cohero Health and CEO and Co-Founder, Melissa Manice. The New York based health tech startup and the brilliant Ph.D. and Clinical Researcher turned Chief Executive Officer have developed an FDA cleared suite of products and services that is redefining treatment and standard of care for patients with respiratory ailments.
What is Cohero Health’s Mission and what challenges does your company solve?
The word “Cohero” in Latin means “to adhere” and “to stick together.” Our mission is really about empowering respiratory patients to actively engage in their own care. Using sensor-based technology and an engaging mobile health platform; we dramatically improve medication adherence and bolster care coordination between patients and caregivers.
Cohero Health offers wireless medication inhaler sensors (HeroTrackers) for both control and rescue medication, and an FDA cleared, clinical grade wireless spirometer that gives patients the ability to measure critical lung function with the same accuracy as much larger and more expensive devices traditionally accessible only in clinic. Both tools pair with our mobile application (BreatheSmart) to capture objective data in real-time. We are the first and only company able to track both medication utilization (adherence) and lung function in real-time and by engaging and empowering patients and stakeholders, we have reduced emergency hospital visits down to zero during trials.
How did you get started? How did you end up where you are today?My background is in academic clinical medicine, which you’d think would be a mismatch with technology, but it’s been quite the opposite! During my time in academia and through my research, I gained a deep sense of the pain points facing the chronic pulmonary patient community. I became impatient with the notion that we had identified the gaps in management, care delivery and care coordination, but there was still a huge opportunity to create better solutions and reimagine care. I was inspired to build a solution rather than to continue to analyze the challenges pulmonary patients face.
How has the New York tech ecosystem changed in the last 5 years?
Grand Central Tech (GCT) is really my foray into the New York tech scene and is my first home outside growing the company within the world of clinical medicine. I think the landscape is changing and I do think places like GCT are giving tech startups the chance to grow here in New York. We’ve been able to show we’re in an efficient market outside of the Silicon Valley, we’re open to travel and collaborating with remote teams. New York has also yielded great design and engineering talent.
How has Grand Central Tech helped your business grow this past year?
GCT has truly been a catalyst for our growth. Having office space in Manhattan is an incredible gift when you are outgrowing your ability to effectively grow in your apartment. New York City rent prices are prohibitive to a company that is trying to be lean and is using every precious penny to build product.
The GCT network, from corporate partners to founders, has been a valuable sounding board. When you are seeking to leverage talent outside your own roster, it is great to gain access to talent that can help you grow your business, ranging from designers to engineers to payroll services.