Funding and Mentoring Health IT Innovation
The New York Digital Health Accelerator (NYDHA) 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.
The 9-month program’s most unique feature is that tech companies accepted into the program will receive direct access to customers and product development feedback from senior-level executives with 22 leading healthcare provider organizations in New York. These range from hospitals and long-term providers, to community health centers, and primary care physicians.
The program will provide up to $300,000 of funding per company from a syndicate of leading venture capital and strategic investors. In addition, companies will have access to a leadership program with access to a network of successful entrepreneurs and priority access to the statewide health information exchange (SHIN-NY).
New York – A Leader in HIT Innovation
This program will leverage the $840 million investment made in New York to adopt Electronic Health Records (EHRs), and the investment made by New York eHealth Collaborative to create the SHIN-NY, connecting these EHRs across the state.
The participating providers are actively looking for new technology products that will help them effectively implement the new Health Homes model, which is part of New York’s Medicaid redesign initiative. Approximately 975,000 patients with multiple chronic illnesses are being transitioned from fee-for-service to this new managed care model, which will require a higher level of coordination among the patients’ various care providers.
A Health Home is a care management service model whereby all of an individual’s caregivers communicate with one another so that all of a patient’s needs are addressed in a comprehensive manner. This is done primarily through a “care manager” who oversees and provides access to all of the services an individual needs to ensure that they receive everything necessary to stay healthy, out of the emergency room and out of the hospital. Health Homes services are provided through a network of organizations – providers, health plans and community-based organizations.