The New York State Department of Health, the New York City Investment Fund, and the New York eHealth Collaborative have jointly launched a $4.2 million program designed to promote healthcare IT innovation and create 1,500 new jobs in the state over the next five years.
The New York Digital Health Accelerator program’s goal is to make New York state a hub for the healthcare IT industry by investing in twelve early- and growth-stage tech companies that are developing products for patient engagement, care coordination, analytics, and alerts for healthcare providers. The monetary awards of up to $300,000, in addition to mentoring from executives at leading New York hospitals and healthcare providers, will focus on developing technologies which will help the state’s Medicaid Redesign Team and its new “Health Homes” program.
The investment capital will be funded by contributions from Aetna, Milestone Venture Partners, New Leaf Venture Partners, New York City Investment Fund, Quaker Partners, Safeguard Scientifics, and UnitedHealth Group, with additional funds and services from the New York eHealth Collaborative, Empire State Development Corporation, and Health Research Inc.
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