The American Medical Association is investing $15 million to be a founding partner in a new healthcare innovation company in San Francisco named Health2047.
Health20147 is a newly formed for-profit company focused on developing new products, tools and resources to improve medicine and healthcare, and connect different arms of the healthcare environment together, the company said.
“Improving the health of the nation is at the core of the AMA’s work and Health2047 will build partnerships to create new solutions for physicians and their patients that improve health care delivery and health outcomes. Health2047’s product orientation and entrepreneurial DNA will help forge new paths and bring commercial solutions to market faster,” AMA CEO and Health2047 board chair Dr. James Madara said in a press release.
The company will collaborate with AMA content experts along a range specialties, and healthcare and technology companies as it looks to co-develop, create and spin-out offerings that it thinks will have an impact on the industry.
“Our investment in Health2047 tangibly underscores the AMA’s ongoing commitment to innovation and collaboration in health care. This dynamic new environment will include the physician perspective in every major innovation cycle, ensuring that physicians play a greater role in leading changes that will move health care forward,” Dr. Madara said in a prepared statement.
The new company is named as a nod to the 200th anniversary of the AMA, which was founded in 1847, and features a 4,500 square foot rapid-prototype design studio, according to Crain’s Chicago Business. Currently, the company has 15 employees, and plans to at least double in size.
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