Corstrata Wins Pitch Contest at Georgia Tech Advanced Technology Development Center’s Demo Day
Staff Report From Savannah CEO
Wednesday, November 30th, 2016
At the annual Georgia Tech Advanced Technology Development Center Demo Day in Savannah, Georgia on November 16, the Corstrata team welcomed the opportunity to share its story of founding a telemedicine company that delivers its innovative approach to wound care for complex patient cases. Katherine Piette, CEO and Founder, readily convinced the judges that this HealthTech company should win the contest. A financial prize was awarded by the Savannah Economic Development Authority.
Using leading edge mobile technologies and a team of board-certified nurses, Corstrata enables care coordination through its “geographic hub” approach as the patient moves across multiple provider settings such as Home Health Agencies, Hospices, and Skilled Nursing Facilities. Remote access to Corstrata services for patients insured by various payers – Medicare/Medicaid Managed Care, Accountable Care Organizations, and Third Party Administrators – attracts these organizations that are moving to value-based care delivery and reimbursement models with excellent clinical outcomes at the lowest cost.
Corstrata’s founders, industry veterans Katherine Piette and Joseph Ebberwein, welcomed the opportunity provided by ATDC Savannah to share their journey from launching Corstrata eighteen months ago to its present stage of converting pilot accounts to paid subscribers while continuing to expand pilots across the United States. Recognizing that the growth in the wound patient population is driven by the aging population and on-going increases in chronic diseases such as diabetes, heart disease, and renal failure, Ms. Piette highlighted the severe shortage of available Certified Wound Specialists. Joseph Ebberwein, CFO and Founder explained, “Corstrata makes wound care nurses’ expertise available through remote consultations using our digital imaging and communications technology to deliver expert consultation to patients anywhere, anytime.” Both founders completed the rigorous ATDC Startup Boot Camp held in Savannah earlier in 2016. With an audience of investors and the business community from around the region, Demo Day consisted of the pitch event, a Startup Alley showcase, and a networking reception.