Nine reasons why New York is the epicenter of healthcare innovation changing the future of the healthcare system
‘Healthcare Transformer’ Dave Chase, CEO and Co-Founder of Avado wrote in his recent article in Forbes his thoughts on why “NY is the Epicenter of Healthcare’s Reinvention.” In the article, Dave states,
If you want to see the future of the U.S. healthcare system, I can’t think of a better place than New York. While those of us in the Bay Area and Seattle would like it to be our locales, at this stage of the game, it’s not even close. When you look at the full spectrum from healthcare delivery that is government-funded to an array of technology-related programs in the private sector, New York is a model for what other cities/states should be doing.
Dave identified 9 examples of disruptive healthcare innovation based out of New York that consists of leading companies, programs, and startup accelerators as follows:
1. New York Digital Health Accelerator
The New York Digital Health Accelerator is a program run by the New York eHealth Collaborative and the New York City Investment Fund for early- and growth-stage digital health companies that are developing cutting edge technology products in care coordination, patient engagement, analytics and message alerts for healthcare providers.
- 8 tech companies accepted into the 9 month program will receive direct mentorship and feedback from senior-level executives at a broad network of provider organizations in New York State.
- The program will provide up to $300,000 of funding per company from a syndicate of leading venture capital and strategic investors.
2. MedStartr
The first crowdfunding program specific to the unique requirements of healthcare. MedStartr is a new way to fund healthcare projects, startups, and innovations that improve healthcare and help people live longer, better lives. We believe that:
- A great healthcare solution, research project, device, or idea that can improve health can spread around the world very very fast.
- Patients and Physicians are the key to the Solution and they will back projects they believe in with their time, energy, and wallets.
3. Medicaid Managed Care
New York has established a Medicaid Redesign Team around the new concept of “Patient Centered Medical Home” (PCMH). The rise in medical home starts over the last six years has been driven by the growing shortage of primary care clinicians and the increase prevalence of chronic diseases. Medical home adoption has risen from 49 percent in 2006 to 79 percent in 2009 to 86 percent in 2012, according to 95 healthcare companies who completed the sixth annualHealthcare Intelligence Network survey on Patient Centered Medical Homes (PCMH).
4. WebMD
WebMD provides valuable health information, tools for managing your health, and support to those who seek information. You can trust that our content is timely and credible.
5. New York eHealth Collaborative (NYeC)
NYeC receives funding from state and federal grants to serve as the focal point for health IT in the State of New York. NYeC works to develop policies and standards, to assist healthcare providers in making the shift to electronic health records, and to coordinate the creation of a network to connect healthcare providers statewide. The goal of NYeC is that no patient, wherever they may need treatment within the State of New York, is ever without fast, secure, accurate, and accessible information.
6. Statewide Health Information Network of New York (“SHINY”)
The Statewide Health Information Network for New York (SHINY) is a network of information transmitted between users. Like the internet, as more users connect, it grows, evolves, and becomes more secure, efficient, and easy to use.
As an increasing number of private practices, nursing homes, clinics, and hospitals begin to digitize their records, they have the option to connect to information hubs (or RHIOs/QEs) in their region of the state. These Regional Health Information Organizations collect health record data from the healthcare providers in their area, and, with patient consent, allow this information to be shared securely with other providers in the region. View video below for more information about SHINY.
7. IBM
IBM’s healthcare solutions, technology and consulting enable organizations to achieve greater efficiency within their operations; collaborate to improve outcomes; and integrate with new partners for a more sustainable, personalized and patient-centric system focused on value.
8. StartUp Health
A 3-year academy program that selects “healthcare transformers” that are enabled by a sophisticated program to get startups through the various milestones pivotal to their growth. StartUp Health is based on a simple premise: the best way to improve healthcare in America is to provide health and wellness entrepreneurs with inspiration, education, and access to customers, capital, and other critical resources so that startups can innovate more quickly and build new solutions that will improve care and reduce out of control healthcare costs.
9. Blueprint Health
Blueprint Health has the largest network of mentors with healthcare expertise of any accelerator and co-working space. We believe pairing talented entrepreneurs with experienced healthcare entrepreneurs and venture capitalists can provide you with warm introductions and the strategic and tactile advice you need to succeed. With 12,000 square feet in New York we help over 100 healthcare companies per year.
Besides New York and San Francisco, what other cities are quickly becoming healthcare innovation hubs? I would throw Atlanta into the conversation due to the number of leading health IT companies.
