Click here to close now.

Welcome!

News Feed Item

New York Digital Health Accelerator Launches Call for Applications for Second Class

First Class of Healthcare Startups Created Over 120 Jobs, Raised $12 Million in Additional Capital, 2 Companies Acquired

NEW YORK, April 3, 2014 /PRNewswire/ -- Today the New York eHealth Collaborative (NYeC) and the Partnership Fund for New York City (Partnership Fund) launched the call for applications for the second class of the New York Digital Health Accelerator (NYDHA), a program that is making New York a hub for the emerging digital health technology industry.  NYDHA's inaugural class of eight companies raised $12 million in additional capital and created over 120 jobs.

In upcoming months, the program will choose up to 10 early- and growth- stage companies that are developing cutting-edge technology products in care coordination, patient engagement, predictive analytics and workflow management for healthcare providers. Each chosen company will receive $100,000 in investment capital along with invaluable mentoring from senior-level executives at leading hospitals and other providers in New York. By introducing these companies to healthcare providers, the program also connects them to potential customers. Applications for the program are due April 18, 2014.

"The Digital Health Accelerator program has proven to be a highly successful means of generating innovative technology solutions for some of healthcare's biggest challenges," said State Health Commissioner, Nirav R. Shah, M.D., M.P.H. "This next class will focus on creating products that improve patient health through technology, such as care coordination software for physicians or medication adherence applications for patients.  The New York Digital Health Accelerator is quickly establishing New York as a hub for Health IT innovation and high tech job growth."

"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 the Partnership Fund.  "Our initial investment will go a long way towards attracting additional investment into New York." 

"As New York's Tech Sector continues to thrive, we expect the second class of the Digital Health Accelerator to quickly enable some of the best companies out there to develop the newest health information technology tools," said New York eHealth Collaborative Executive Director, David Whitlinger. "Given New York's unrivaled density of hospitals, doctors and healthcare organizations, the Digital Health Accelerator program has the unique potential right now to reinforce New York as a leader in health information technology by connecting these firms to potential customers in addition to providing them with key funding."

The NYDHA was ranked the #1 Health IT Accelerator in the world by the Rotman School of Business based on 21 other programs and has been lauded by Todd Park, Chief Technology Officer of the United States and the California Healthcare Foundation for its deep industry ties.

Unlike other incubator programs, 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. This helps them reach a ready market for their products. They also receive direct mentorship and feedback from senior-level executives with the participating providers and 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.

The investment capital will be provided by a syndicate of investors, including Baxter Ventures, Deerfield Management Company, Milestone Venture Partners, New Leaf Venture Partners, and the Partnership Fund for New York City.   Program sponsors include Genentech (a member of the Roche Group), Infor, Merck, and Pfizer, which will provide funds for operations and pilots.  The Empire State Development Corporation and NYeC will provide additional funds to operate the NYDHA.

Thirteen leading healthcare providers have agreed to participate in the program including Community Healthcare Network, FEGS Health and Human Services System, Hudson River Health Care, Maimonides Medical Center, Montefiore Medical Center, Mount Sinai Medical Center, NYC Health and Hospitals Corporation, New York Hospital Queens, New York-Presbyterian Hospital, North Shore LIJ Health System, NYU Langone Medical Center, Stony Brook University Medical Center, and Winthrop University Hospital.

The inaugural class of eight companies that graduated in May 2013 has raised approximately $12 million in aggregate post-program, driving growth and significantly expanding their customer base.  Two of the companies were acquired within 6 months of graduating. Senior-level executives from New York State's leading healthcare organizations provided product development feedback. In addition to providing product feedback, the participating healthcare providers facilitated 17 pilots at their organizations and created over 120 jobs.

"We are delighted to be invited to participate in the second round of the Digital Health Accelerator," said Catherine M. Abate, President and CEO of Community Healthcare Network. "The value of mentoring a start-up software company was realized in Round One. We look forward to a new level of innovation being achieved in Round Two."

"As the largest software application company based in New York, Infor is excited about the Digital Healthcare Accelerator," said Charles Phillips, CEO of Infor.  "With 72 percent of large hospitals in the U.S. as customers, we are making major investments in healthcare and believe the Digital Healthcare Accelerator can be a conduit for Infor to partner with innovative companies in healthcare technology."

About the New York Digital Health Accelerator (NYDHA): The New York Digital Health Accelerator is a program run by the New York eHealth Collaborative and the Partnership Fund for New York City 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. www.digitalhealthaccelerator.com & #NYDHA

About The New York eHealth Collaborative (NYeC): NYeC is a not-for-profit organization, working in partnership with the New York State Department of Health to improve healthcare for all New Yorkers through health information technology (health IT). Founded in 2006 by healthcare leaders, 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 the Statewide Health Information Network of New York (SHIN-NY), a network to connect healthcare providers statewide. www.nyehealth.org & @NYeHealth

About the Partnership Fund for New York City (Partnership Fund): The Partnership Fund for New York City (http://fund.pfnyc.org) – formerly the New York City Investment Fund – is the vision of Henry R. Kravis, founding partner of Kohlberg Kravis Roberts & Co., who serves as its Founding Chairman. The Fund has raised over $110 million to mobilize the city's world financial and business leaders to help build a stronger and more diversified local economy. It has built a network of top experts from the investment and corporate communities who help identify and support New York City's most promising entrepreneurs in both the for-profit and not-for-profit sectors. The Fund is governed by a Board of Directors co-chaired by Richard M. Cashin, Managing Partner of One Equity Partners; and Chip Kaye, Co-President, Warburg Pincus LLC. The Fund is the economic development arm of the Partnership for New York City (www.pfnyc.org), an organization of the leaders of New York City's top corporate, investment, and entrepreneurial firms. They work in partnership with city and state government officials, labor groups, and the nonprofit sector to promote the interest of the city and its neighborhoods. The Partnership carries out research, policy formulation, and issue advocacy at the city, state, and federal levels, leveraging the resources and expertise of its CEO and Corporate partners.

Contact:

Partnership Fund Press Contact:

Shruti Sehgal

Farrell Sklerov

[email protected] 

[email protected]

646-200-5283/cell: 347-972-8863

212-843-8289

SOURCE New York eHealth Collaborative

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Manufacturing has widely adopted standardized and automated processes to create designs, build them, and maintain them through their life cycle. However, many modern manufacturing systems go beyond mechanized workflows to introduce empowered workers, flexible collaboration, and rapid iteration. Such behaviors also characterize open source software development and are at the heart of DevOps culture, processes, and tooling.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies drivi...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
Live Webinar with 451 Research Analyst Peter Christy. Join us on Wednesday July 22, 2015, at 10 am PT / 1 pm ET In a world where users are on the Internet and the applications are in the cloud, how do you maintain your historic SLA with your users? Peter Christy, Research Director, Networks at 451 Research, will discuss this new network paradigm, one in which there is no LAN and no WAN, and discuss what users and network administrators gain and give up when migrating to the agile world of clo...
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult – let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and liv...