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AMA Invests $15M in New Healthcare IT Startup Health2047

“Our investment in Health2047 tangibly underscores the AMA’s ongoing commitment to innovation and collaboration in health care."

By Sara Heath

There will be a new player in the Silicon Valley startup community, as the American Medical Association (AMA) becomes a partner in Health2047, a new company that will work with the organization to improve healthcare outcomes and physician workflows.

According to AMA executives, Health2047 is expected to bring better and faster solutions to the healthcare industry to improve the overall delivery of healthcare.

“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 health care delivery and health outcomes,” said AMA Chief Executive Officer and Executive Vice President James L. Madara, MD. “Health2047’s product orientation and entrepreneurial DNA will help forge new paths and bring commercial solutions to market faster.”

Health2047 will be a stand-alone company, with nearly $15 million in investments from AMA. The company will use AMA’s relationship with the nation's near 1.1 million providers to innovate solutions to the healthcare industry’s woes. Additionally, Health2047 will leverage its relationships with other healthcare companies throughout the company to bring these solutions to the market.

This notable investment in the startup represents AMA’s commitment to improving the healthcare industry at large, according to Madara.

“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 Dr. Madara.

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