NYeC, NYC Investment Fund and the DOH Join Forces to Create Digital Health Accelerator

$4.2M Program to Encourage Health IT Innovation and Create 1,500 New Jobs in New York

Visit digitalhealthaccelerator.com for updates.

New York, NY – Today the New York City Investment Fund (NYCIF) joined the New York eHealth Collaborative (NYeC) and the NYS Department of Health (DOH) to launch the New York Digital Health Accelerator (NYDHA), a program that will make New York a hub for the emerging digital health technology industry.

The NYDHA is run by NYCIF and NYeC. In upcoming months the program will choose 12 early- and growth-stage companies that are developing cutting-edge technology products in care coordination, patient engagement, analytics and message alerts for healthcare providers. Each chosen company will be awarded up to $300,000 along with invaluable mentoring from senior-level executives at leading hospitals and other providers in New York. The focus areas of innovation will support the development of products that help the state’s Medicaid Redesign Team and its new “Health Homes” program, an initiative intended to make the state’s treatment of Medicaid patients more coordinated and efficient.

“Health information technology is helping us transform our healthcare system to provide high-quality, cost-efficient, and patient-centered care for the 21st century,” said New York State Health Commissioner Nirav R. Shah, M.D., M.P.H. “The Digital Health Accelerator program will further advance New York’s national leadership in health IT as it will attract leading-edge companies at the forefront of developing the technology necessary for robust electronic health records and digital care coordination systems.”

“When the government and the private sector work hand-in-hand to encourage business growth in our state we see results. This Accelerator will help New York keep and attract businesses that grow our state’s economy and create jobs in our communities,” said Maria Gotsch, President and CEO of NYCIF. “Our initial investment will go a long way towards attracting additional investment into New York.”

“The economy and healthcare are the two most important issues facing the state, and the New York Digital Health Accelerator will allow us to tackle them both at once,” noted David Whitlinger, Executive Director of NYeC. “This initiative represents the best kind of marriage between the public and private sectors. We are leveraging New York’s investment in our statewide health information exchange network and empowering it with the free market.”

The NYDHA’s unique feature is that it offers participants the opportunity to engage directly with a broad network of providers in New York State, including hospitals, long-term care providers, community health centers, and primary care providers. Tech companies accepted into the program will receive direct mentorship and feedback from senior-level executives with the participating providers. In addition, companies will have priority access to the technology platform that is connecting electronic health records across New York State, the Statewide Health Information Network of New York (SHIN-NY).

An application for this program, and more information, is available at digitalhealthaccelerator.com. An informational session for companies interested in participating will be held on May 10, 2012 in New York City. Applications for the NYDHA program are due June 1, 2012.

With its initial investment of $4.2 million, the NYDHA program will create approximately 1,500 jobs over five years. In addition, it is expected that the companies will attract upwards of $150 million to $200 million in investment from the venture capital community post-program. The NYDHA will stimulate a new marketplace, creating the next generation of healthcare tools while positioning New York as the capitol of the health IT entrepreneurial sector.

The investment capital will be provided by a syndicate of investors, including Aetna, Milestone Venture Partners, New Leaf Venture Partners, New York City Investment Fund, Quaker Partners, Safeguard Scientifics, and UnitedHealth Group. The Empire State Development Corporation, Health Research Inc., and NYeC will provide additional funds and/or services to operate the NYDHA.

18 leading healthcare providers have agreed to participate in the program:
Albany Medical Center
Catholic Health System
Community Healthcare Network
Continuum Health Partners
Ellis Medicine
FEGS Health and Human Services System
Finger Lakes Community Health
Hometown Health Centers
Hudson Valley Initiative
Institute for Family Health
Maimonides Medical Center
NYC Health and Hospitals Corporation
New York-Presbyterian Hospital
North Shore LIJ Health System
NYU Langone Medical Center
Stony Brook University Medical Center
Visiting Nurse Service of Schenectady and Saratoga Counties
Winthrop University Hospital

“Aetna is strongly committed to advancing healthcare information technology that will connect the healthcare system to help improve quality and outcomes,” said Lonny Reisman, M.D., Aetna’s Chief Medical Officer and a member of board of the New York eHealth Collaborative. “The convergence of health IT and healthcare expertise will be extremely critical and powerful in making healthcare more effective, convenient and affordable for everyone. Aetna has been actively involved in NYeC since its inception, and we are pleased to support this important initiative.”

“Albany Medical Center welcomes this important initiative that will help develop innovative approaches to improving patient outcomes at lower costs while helping to attract healthcare entrepreneurs to New York State,” noted James J. Barba, President and CEO. “Albany Med has long recognized that the type of collaboration this project is building between healthcare providers, government and the private sector will be the key to reforming our healthcare system.”

“Entrepreneurs require access to potential customers as much as they require access to capital,” said Todd Pietri, co-founder and General Partner of Milestone Venture Partners. “The New York Digital Health Accelerator is the first accelerator program we have seen which provides direct access to key decision makers at potential customers.”

“New York City is the place for the creation of next generation digital health companies. The combination of the digital alley talent, the deep healthcare infrastructure of the state and the availability of venture funding is truly unique,” said Philippe Chambon, Managing Director of New Leaf Venture Partners. “This accelerator effort will help us build further the IT tools that healthcare truly needs. New Leaf Venture Partners is honored to be part of the New York Digital Health Accelerator.”

“Quaker Partners is excited to participate in the NY Digital Health Accelerator program. New York is leading the way in healthcare innovation by bringing together hospitals, medical providers, payers, and investors with its rapidly growing Silicon Alley,” said Adele C. Oliva, Partner at Quaker Partners. “Quaker believes that this integrated approach will catalyze entrepreneurship and deliver the revolutionary technology the healthcare system requires to improve care and reduce costs.”

“We are looking forward to becoming a part of the New York Digital Health Accelerator,” said Gary J. Kurtzman, MD, Managing Director at Safeguard Scientifics. “New York is forging an unprecedented path by pulling together investors, hospitals, and other healthcare advisors to collaborate and offer healthcare IT start-ups access to capital, mentorship and expert insights to help them effectively grow their business.”

“Innovation is a key driver in helping make the health system work better for everyone,” said Tom Vanderheyden, Vice President, Emerging Businesses Group at UnitedHealth Group. “We believe the New York Digital Health Accelerator model will help bring practical solutions to market in a significantly shorter timeframe.”

“New health information technologies will help people get better care. Here in the Capital Region, the Visiting Nurse Service of Schenectady and Saratoga Counties, Ellis Medicine and Hometown Health Center are already working with other healthcare and social service organizations and physicians to ensure that we provide each person with the right care at the right time—and having the right information will help us do that,” stated Joseph Twardy, President and CEO, Visiting Nurse Service of Schenectady and Saratoga Counties.

Andrew Moesel (NYeC)
212-725-2378(w); 347-852-3140(m)

Michael Levoff (NYCIF)
212-493-7511

Repost – Wireless Health – New Mentor at Blueprint Health and Lessons from Venture “Assistant”, Vinod Khosla

Paul Sonnier writes:

Group: Wireless Health
Subject: New Mentor at Blueprint Health and Lessons from Venture “Assistant”, Vinod Khosla

Dear Wireless Health group members,

I founded the group to connect people, facilitate knowledge sharing, and accelerate health-related business innovations by entrepreneurs, startups, and established companies. Helping entrepreneurs is something that I’m particularly passionate about. In this context, I am excited to announce that I am now a mentor at Blueprint Health, the health and wellness-focused startup accelerator based in New York City.

In a recent interview, Vinod Khosla – who just closed a new $1B investment fund – stated that he is a “venture assistant”, not a venture capitalist. The hands-on assistance his firm provides to entrepreneurs is a core component of his investment success. A case in point is Jawbone, which was about to go under when Vinod invested in it. Vinod’s partner, David Weiden, made a key introduction to AT&T, whose distribution channel enabled a massive growth in sales, thus saving the company. (It’s noteworthy that UP, the company’s newest product is, you guessed it, a personal connected health solution. Another portfolio company is ZocDoc, the OpenTable-like application for making healthcare appointments.)

Why does this matter? In the relatively chaotic and burgeoning digital health innovation space, the startups that succeed will most likely do so as a result of the hands-on assistance provided by mentors and investors, who partner with them and amplify their talents via strategic advice, key introductions, and the ability to foresee and help guide entrepreneurs through the inevitable pivot points that occur along the way.

In my evolution as a social and business entrepreneur, the Blueprint Health mentor role is a huge step forward and further validation of my efforts. I’m eager to focus my energy on helping entrepreneurs, starting with the inaugural class this January. This is not a full-time role and I’ll continue working with the Wireless-Life Sciences Alliance, serving as a co-chair of the Healthcare Communications SIG at CommNexus San Diego and, of course, curating and building the Wireless Health LinkedIn group.

A brief overview of Blueprint Health:
Blueprint Health is a TechStars affiliated startup accelerator program based in NYC that helps early stage healthcare companies get started. Surround yourself with nearly 100 mentors – healthcare entrepreneurs, VCs and innovators – that want to help you succeed! Over the course of a 3 month program, we support entrepreneurs who are building innovative companies at the intersection of health and technology by providing capital, office space and, most critically, access to the most robust community of healthcare mentors of any accelerator program. We encourage you to learn more and to apply to our Winter program, which starts January 12th, by visiting http://www.blueprinthealth.org/

Mentor list: http://www.blueprinthealth.org/index.php?page=mentors
Recent media: http://techcrunch.com/2011/10/19/nyc-startup-accelerator-blueprint-health-now-accepting-applications/

Also, here’s a link to the fascinating interview with Vinod Khosla: What Cash Crunch? Khosla Ventures Closes Another $1 Billion Fund – http://techcrunch.com/2011/10/13/khosla-ventures-1-billion-fund/

Best regards,
Paul Sonnier

Follow me on Twitter: http://twitter.com/WirelessHealth1
Connect with me on LinkedIn: http://www.linkedin.com/in/psonnier
Posted By Paul Sonnier, MBA

Time for catching up

 

 

# # # # March 4, 2011 # # # #

Haven’t been blogging much personal stuff lately — tweetin’ and Facing mainly (@ed_dodds, @conmergence, @project_network). HIMSS11 has happened; didn’t attend but really looking forward to news out of the 9th Annual Medical Banking Project sponsored Institute, especially the working being done by John Casillas, Jim St. Clair and Eric Cohen on things XBRLish as relates to healthcare and the World Bank/World Health Organization/global health related tangent re: mobile money, mHealth, and mPayments which Angela Dunbar is patiently encouraging. That’s not to say that I don’t appreciate the work that John Phelan and June St. John and a cast of other visionaries are producing, but let’s be honest about where my passion is ;)

Got news this week that vc4africa completed the first venture capital funding deal (market-fleas.com). Ben White et. al. are to be commended for taking the world wide web and making it an asset for African entrepreneurs.

Takeshi Utsumi’s Global University collaboration initiative chugs along as he seeks to extend the Global Early Warning System (GEWS) concept to African nations as the global broadband build out enables cluster clouds to crunch big data virtually anywhere.

Mental Placeholder links here:

The Cloud-Enabled Space Weather Platform

http://www.hpcinthecloud.com/features/The-Cloud-Enabled-Space-Weather-Platform-116166269.html

ESG Gateway at the National Center for Atmospheric Research

http://www.earthsystemgrid.org/home.htm

The Earth System Grid – Center for Enabling Technologies

http://tw.rpi.edu/web/project/ESG-CET

Ranger Supercomputer Supports Microclimate Forecasting

http://www.hpcwire.com/news/Ranger-Supercomputer-Supports-Microclimate-Forecasting-117212923.html

The majority of the World Convention site rework has been completed. Some tweaking will be on-going. Julia Keith as the hub of cyber activities around Global Women Connecting has been enthusiastic about adopting and extending “all things over IP” comms tools and Gary Holloway continues to travel and meet folks from the global Campbell-Stone family of churches while facing the fundraising challenges all NPOs are dealing with (Deana’s staff [more like family, really] at United Cerebral Palsy of Middle Tennessee have this in spades with the consequences of the Nashville floods on area families and individuals who live with disabilities).

The Shepherds at Woodmont Hills have authorized an ad hoc committee to analyze and review all comms related activity that the congregation currently undergoes in hopes of “shepherding” all of our assets and processes into a more unified and effective approach re: our resources. I hope this will produce an “infrastructure” which will enable the Mission Committee to be as effective as possible re: it’s obligations to our various global colleagues.

“Open” groups continuing to grow on LinkedIn.

More folks investigating Results-Only Work Environments.

Interoperancy and hyperlocality affecting the eNews biz as well as the Edison-Carterification of smart phones and other similar devices.

Time to wade out of this stream of consciousness for awhile…

World Health Organization

HIMSS Medical Banking Project Meets With World Bank

On April 22, HIMSS Medical Banking Project became one of 300 certified “civil society organizations” from around the globe to gain clearance and participation in the 2010 Civil Society Forum at The World Bank in Washington DC.

The event, somewhat shadowed by a concurrent G6 meeting occurring nearby, provided an excellent forum to meet groups that are working throughout the world to improve systems, infrastructure, problematic regulatory schemes and more. The World Bank brought out its elite – board members, executive officers and others – to meet with the certified CSOs and to explain their priorities and new governance structures that will foster accountability. Among the leading topics were a 15-year review of transparency issues at the World Bank, UN Millennium Development goals and Haiti, where HIMSS MBProject executives spoke directly with multiple regional ambassadors and government officials about the use of mobile healthcare technology to improve disaster response, funding mechanisms and more. The integration of medical banking and mobile technology is enabling a new portfolio of technology that reaches into areas with little to no infrastructure. (Blog Editor’s Note: Follow my related articles here)

In the afternoon, some 100 executives from all over the world met at a roundtable, complete with multiple translators, to address questions directly to the president of the World Bank, Dr. Robert Zoellick. During this time, Dr. Zoellick repeatedly referenced the UN Millennium Development Goals (MDG), that are targeted for fulfillment in five years (2015), and the need to work more aggressively to meet the timelines. Among these goals are improved healthcare for women and children, and others, the efficient use of resources to promote sustainability and more.

Recently, the World Bank joined five other national agencies (UN, WHO, Bill and Melinda Gates Foundation, others) to make a global announcement about the importance of information technology for improving global healthcare. This initiative is a direct result of guidance provided from within the MDGs.

After the session, which was a lively dialogue regarding various interests ranging from clean energy to healthcare to financial policies that included successfully combating fraud and abuse of funds at the World Bank, the participants gathered in a networking reception where officials of HIMSS that were present (John Casillas, SVP, HIMSS Medical Banking Project, and, Juliet Santos, Senior Director, HIMSS Medical Banking Project) spoke to many in the World Bank’s executive team, many of who asked that we make plans for ongoing collaboration.

Working with the World Bank has been a longstanding strategy of the Medical Banking Project and with the new HIMSS MBProject, there is an emerging possibility that this strategic goal will be realized by collaborating to raise awareness of health information technology issues around the world.

HIMSS Medical Banking Project Meets With World Bank

On April 22, HIMSS Medical Banking Project became one of 300 certified “civil society organizations” from around the globe to gain clearance and participation in the 2010 Civil Society Forum at The World Bank in Washington DC.

The event, somewhat shadowed by a concurrent G6 meeting occurring nearby, provided an excellent forum to meet groups that are working throughout the world to improve systems, infrastructure, problematic regulatory schemes and more. The World Bank brought out its elite – board members, executive officers and others – to meet with the certified CSOs and to explain their priorities and new governance structures that will foster accountability. Among the leading topics were a 15-year review of transparency issues at the World Bank, UN Millennium Development goals and Haiti, where HIMSS MBProject executives spoke directly with multiple regional ambassadors and government officials about the use of mobile healthcare technology to improve disaster response, funding mechanisms and more. The integration of medical banking and mobile technology is enabling a new portfolio of technology that reaches into areas with little to no infrastructure. (Blog Editor’s Note: Follow my related articles here)

In the afternoon, some 100 executives from all over the world met at a roundtable, complete with multiple translators, to address questions directly to the president of the World Bank, Dr. Robert Zoellick. During this time, Dr. Zoellick repeatedly referenced the UN Millennium Development Goals (MDG), that are targeted for fulfillment in five years (2015), and the need to work more aggressively to meet the timelines. Among these goals are improved healthcare for women and children, and others, the efficient use of resources to promote sustainability and more.

Recently, the World Bank joined five other national agencies (UN, WHO, Bill and Melinda Gates Foundation, others) to make a global announcement about the importance of information technology for improving global healthcare. This initiative is a direct result of guidance provided from within the MDGs.

After the session, which was a lively dialogue regarding various interests ranging from clean energy to healthcare to financial policies that included successfully combating fraud and abuse of funds at the World Bank, the participants gathered in a networking reception where officials of HIMSS that were present (John Casillas, SVP, HIMSS Medical Banking Project, and, Juliet Santos, Senior Director, HIMSS Medical Banking Project) spoke to many in the World Bank’s executive team, many of who asked that we make plans for ongoing collaboration.

Working with the World Bank has been a longstanding strategy of the Medical Banking Project and with the new HIMSS MBProject, there is an emerging possibility that this strategic goal will be realized by collaborating to raise awareness of health information technology issues around the world.

The International Journal of Medical Banking and HIMSS10

Posted on Mon, Mar 01, 2010 – 06:38 am at mobilehealthwatch.com

eHealth and mHealth are data driven and are dependent on both the kinds of information which can be generated and the transport infrastructure which carries them. This week the International Journal of Medical Banking, Vol. 3, will be officially announced at the HIMSS Medical Banking Project’s Eighth National Banking Institute, and it will focus upon innovations related to the convergence of Financial Services and Healthcare. John Casillas, senior vice president, HIMSS Medical Banking Project, is the IJMB’s Editor-in-Chief.

Casillas authors “Designing the Healthcare Financial Network of the Future” wherein he makes the case for the future of medical banking, a term he coined, by reviewing the alignment of stakeholders, the role of bank infomediaries, the emerging health-wealth paradigm, and the need for a common medical banking platform. He advertises more widely the HMBP deployment of the Dispute Resolution Initiative tool, a free online progressive crosswalk of the universe of payer denial codes with a set of 20 action steps; the kind of innovation for which the Blair House Summit attendees rhetorically called. He also advocates the utility of the design of a bank-enabled health information exchange ecosystem.

In “Lessons Learned for Medical Banking from the Financial Services Industry: The Case of a Fraud Prevention Platform as Transformative Innovation”, Allan Klindworth, MBA, and Stephen T. Parente, PhD, reveal the 1993 catalyst for change—predictive modeling. They review the lessons learned regarding fraud indicators, model robustness, real-time assessment, accuracy, measurements, silo mentality, known frauds, and integration. They relate the Financial Services industry parallels to healthcare and expound upon the problem of healthcare fraud, the Financial Services approach to prevention, and the necessity of a change in healthcare culture.

Peter W. Lang, Trellis Integration Partners, gives a technologist’s insight into “High Security Medical Banking via SWIFT,” and the role that the Society for Worldwide Interbank Financial Telecommunications network can play in the area of the transfer of healthcare PII and other valuable data payloads.

John R. Thomas, president and CEO of MedSynergies, Inc., in “Where Have All Your Physician Customers Gone?”, identifies physicians as the perfect bank customers and details the impacts of healthcare reform on physician practices. He interprets the demographics of physician customers and provides six insights and recommendations concerning the business alignments of physicians and their impacts on banks.

Joseph A. Jackson, LICSW, takes on the primary topic of the Blair House Summit, financing health, in “Medicine, Banking and Community Health”. Jackson describes the Community Health Consortium and gives his vision for creating the future.

I plan to discuss these topics at the Institute with the authors and anything related to medbanking social media with you at one of the Meet the Bloggers panels (Wed., March 3, 3:30 pm – 5 pm) moderated by Cesar Torres, Manager, Web Services, HIMSS. I hope to see you there.