Ready, Set, Pitch: Healthcare Solutions Incubator 1501 Health Graduates First Cohort of Innovators, Launches Next Cohort of Seven Startups

Baltimore (May 17, 2022) "“ It's graduation season. On May 17th, the five healthcare startups selected for 1501 Health's first incubator cohort will take the lessons from their intensive, accelerated year of business development, networking and mentorship and pitch their innovative solutions to investors.

1501 Health, an incubator for healthcare startups, was launched last year by Healthworx "“ the innovation and investment arm of CareFirst BlueCross BlueShield (CareFirst) "“ and LifeBridge Health. The 1501 Health name comes from the address of CareFirst's Baltimore headquarters (1501 S. Clinton Street) where 1501 Health collaborative space for participants.

In 2021,1501 Health selected five companies from a pool of more than 120 applicants that demonstrated the most potential and promise for improving health outcomes and the patient experience and who could benefit from the unique payer-provider expertise of the program.

The graduating cohort includes two Maryland and three California-based companies. Over the past year at 1501 Health, these companies have expanded their products, customers, and funding. Now, the cohort is ready to talk to other investors and partners to further evolve their work.

· BabyLiveAdvice of Calabasas, California, enables providers to provide tech-forward, collaborative remote education, monitoring and support to expectant mothers and new parents. 1501 Health helped this product move into its first local market, in collaboration with LifeBridge Health.

· Even Health of Annapolis, Maryland, has created Cabana, the first digital counseling platform offering anonymous group support for healthcare workers and facilitated by licensed professionals accessible from desktop, smartphone or virtual reality device. Their product entered 1501 Health's accelerant program at a time of critical need. The company offered the free service to its first customers -- 13,000 employees from LifeBridge Health -- who are giving it positive reviews and feedback.

· Baltimore, Maryland-based Live Chair Health recruits hair professionals and employs digital tools to initiate and facilitate client discussions about chronic health issues that disproportionately affect minority communities. This past year the founders partnered with LifeBridge Health to provide vaccines and build a culture of trust in West Baltimore.

· San Francisco, California's Pair Team created the first end-to-end provider enablement solution for Medicaid, providing wraparound technology, care team and electronic medical record (EMR)-embedded support tools to coordinate patient care and automate value-based care operations. Pair Team used its 1501 Health experience to leap ahead toward value-based care in Medicaid.

· WellSet of Los Angeles, California uses a centralized platform to connect the holistic wellness industry. Users can find and book individual and group sessions with specialists including acupuncture, health coaching, holistic therapy, ayurveda and more. WellSet accomplished all its goals in 1501 Health, producing an integrative product and scaling it for success.

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