Health2047 offers MD’s a greater role

Shane Lee
Shane Lee
Jul 21, 2017 · 2 min read

Previously at the JP Morgan Healthcare conference, health2047 was announced which is a part healthcare idea incubator and part clinical validation lab. According to health2047, their main objective is to get physicians involved so that technologies can be evaluated at different levels of their development phases. The investment of AMA in health2047 has been made as the association wants to take benefit of its parent organization. Up till now, different approaches have been adopted so as to involve physician’s point of view to offer insights on how a certain technology can work well in a health care facility. At this time, health2047 has adopted a new co-laboratory model which believes in co-developing products for rapidly growing companies.

In future, health2017 also aims to establish partnerships with different reputable companies so as to enhance their business entries in the healthcare economy. Typically, each project at health2047 is given a period of 90 days. The initial thirty days are given to each project to validate its potential and the remaining 60 days are given to prototype solutions that have not yet been addressed effectively anywhere else. The projects which pass the validity phase are at that point moved further towards commercialisation. In addition, according to health2047 it has been detailed that each project will consider different needs that are important for patients, physicians or for the healthcare industry on the whole.

The current problem with healthcare system is its fragmented nature where there are several silos with vested interested. Therefore, health2047 believes that its main objective is to bring out systematic changes that can result in relevant innovations. The main objective is towards improving the mode through which physicians ought to create new opportunities to deliver better healthcare to the patients. The key to all these efforts presented by health2047 is deemed to be physicians. Up till now, numerous technologies have not yet been table to do so therefore the partnership with AMA aims to suffuse physician viewpoint amongst its innovation cycle.

To conclude, health2047 is a Silicon Valley based innovation studio which believes physician’s perspective is the key to bringing out fundamental changes in the healthcare industry. Each project is given 90 days testing period. Only the ones that are eligible are moved on to the next phase prior to being discarded. Lastly, health2047 originates ideas and co-develops products then for rapidly growing companies.

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