Dive Brief:
- The American Medical Association (AMA) announced it is investing $15 million to be a founding partner of Health2047, a healthcare innovation company that will work to provide solutions for providers and patients.
- The company will combine strategy, design, and venture disciplines, and work with leading companies and physicians to improve healthcare.
- The AMA's content experts will collaborate with the company to develop new products, tools, and resources to improve the practice of medicine and healthcare delivery to patients.
Dive Insight:
Dr. James Madara, AMA's CEO and executive vice president, 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 healthcare delivery and health outcomes. Health2047's product orientation and entrepreneurial DNA will help forge new paths and bring commercial solutions to market faster."
The AMA said in a press release that the group's financial commitment to establish Health2047 represents a "major step in expanding its innovation ecosystem."
“The AMA’s financial commitment to establish Health2047 represents a major step in expanding its innovation ecosystem and influence,” Madara was quoted in Healthcare IT News. “Our significant commitment to Health2047 sends a clear signal that the AMA wants to leverage its position of centrality in American medicine to mobilize the right partners in the information economy in ways that will transform the market and drive a better future state.”