The American Medical Association (AMA) announced earlier this month that it is investing $15M to become founding partner of a health care innovation company – Health2047, Inc. The company, located in the Silicon Valley in California, will explore innovative solutions to the biggest technology challenges facing the nation’s physicians and the patients they serve.
A stand-alone, for-profit entity, Health2047 will work in partnership with leading companies, physicians and entrepreneurs to develop new products, tools and resources that improve the practice of medicine and the delivery of health care to patients. Health2047 will collaborate with AMA content experts across a wide range of medical, health policy and pragmatic practice areas. It will integrate health care companies, technology companies and entrepreneurs to co-develop, create and spin out offerings that can have large scale, systemic impact on health care and medical practice.
“Our investment in Health2047 tangibly underscores the AMA’s ongoing commitment to innovation and collaboration in health care. This dynamic new environment will include the physician perspective in every major innovation cycle, ensuring that physicians play a greater role in leading changes that will move health care forward,” said AMA Chief Executive Officer and Executive Vice President James L. Madara, M.D., who serves as board chair of Health2047.