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Official Press Releases
New York Digital Health Accelerator
New York eHealth Collaborative
Partnership Fund for New York City Fund
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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 of New York City 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.
New York eHealth Collaborative (NYeC)
NYeC is a not-for-profit organization, working 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 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. For more information about NYeC, visit www.nyehealth.org @NYeHealth on Twitter.
Partnership Fund for New York City (The Partnership)
The Partnership Fund for New York City 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 Russell L. Carson, General Partner of Welsh, Carson, Anderson & Stowe; and Richard M. Cashin, Managing Partner of One Equity Partners. The Fund is the economic development arm of the Partnership Fund for New York City, 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.
Statewide Health Information Network of New York (SHIN-NY)
The SHIN-NY (pronounced “shiny”) is coordinated by the New York eHealth Collaborative (NYeC) and functions similarly to a public utility, making electronic health records secure and accessible to healthcare providers statewide while improving patient care and lowering costs. SHIN-NY 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 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. The SHIN-NY will connect these regional hubs to create a private and secure network spanning the entire State of New York. To see a video about how the SHIN-NY is transforming health information exchange in New York State visit http://nyehealth.org/what-we-do/statewide-network/.
Support for the Accelerator from the leadership of our Partners
“Aetna is strongly committed to advancing health care information technology that will connect the health care 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 HIT and health care expertise will be extremely critical and powerful in making health care more effective, convenient and affordable for everyone. Aetna has been actively involved in NYeC since its inception, and we are pleased to support for 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 health care entrepreneurs to New York State,” said James J. Barba, President and CEO. “Albany Med has long recognized that the type of collaboration this project is building between health care providers, government and the private sector will be the key to reforming our health care system. We applaud the efforts of the New York eHealth Collaborative and the Governor’s office to strengthen New York’s leadership in health care technology.”
“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, a leading early stage venture capital firm focused on Digital Health and information services in Greater New York. “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.”
“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 for New York City Fund. “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 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 sector.”
“Health information technology is helping us transform our health care 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.”
“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 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 proud to be a part of the New York Digital Health Accelerator,” said Gary J. Kurtzman, MD, Managing Director at Safeguard Scientifics, Inc. (NYSE:SFE), a capital provider to emerging and growth-stage life sciences and technology companies. “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. This pairs very well with Safeguard’s vision to be the preferred catalysts to build great companies. Our focus in Healthcare IT is a cornerstone in our capital deployment strategy and an area of opportunity that we only see expanding in the near- and long-term.”
“We are pleased to support the New York e-Health Collaborative and New York City Investment Fund’s efforts to nurture and advance health care innovation,” said Tom Vanderheyden, Vice President, Emerging Businesses Group at UnitedHealth Group. “Innovation is a key driver in helping make the health system work better for everyone, and 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. This new partnership among emerging health information technology firms, venture capitalists, government agencies, and the organizations which will use these new tools offers important opportunities to integrate leading edge technology with top quality care. We thank the Governor and the State Department of Health for supporting this innovative collaborative to transform care,” stated Joseph Twardy, President and CEO Visiting Nurse Service of Schenectady and Saratoga Counties.