A public-private joint venture aimed at supporting healthcare innovation has raised $ 1.2 million over three years in Baton Rouge to fund its efforts.
The Baton Rouge Health District, which collaborates with several Baton Rouge hospitals and research institutes, has combined federal funding into a new program called Health-Tech Catalyst.
The Federal Bureau of Economic Development’s Venture Challenge Program costs $ 600,000, which is comparable to local organizations. The Pennington Biomedical Research Center, Baton Rouge Area Chamber and Baton Rouge Health District are equivalent to federal dollars and are members of the Steering Committee.
Advisory Boards include Baton Rouge Regional Foundation, Baton Rouge Comprehensive Medical Center, Blue Cross and Blue Shield, Louisiana, Mary Bird Perkins Cancer Center, Hour Lady of the Lake Community Medical Center, Oxner Health System, Pennington Biomedical Research Includes centers and women’s hospitals.
If successful, you can generate $ 3 million in the second three years.
The goal is to foster entrepreneurship among healthcare district employees, researchers and physicians and to foster collaboration to improve the lives of Baton Rouge patients.
“Maybe clinicians and doctors interested in working with research scientists to develop new technologies, but those are past ideas,” said Stephen Sullymans, director of the Baton Rouge Health District. Will need money for. “
One potential idea is to allow hospitals owned by different organizations to access the electronic medical record system, allowing patients visiting one facility to track their medical records. In theory, he said it would improve patient care.
“It may be an employee who is already engaged. This is the way to go for great ideas, such as reducing duplication of care and making it easier for patients to reach the facility. Which hospital are you in? It doesn’t matter, “he said. “If you’re a busy doctor in Baton Rouge but have innovative ideas, you’ll be the driving force, but you can’t do it all yourself.”
The program has three aspects. One is the “launch pad”. This is an innovation incubator program that allows you to prototype and demonstrate technology. Part of the program’s “Innovation Challenges” will involve hospitals working together to increase access to clinical trials and co-develop experimental therapies. Start-ups have plans for investment capital for early-stage companies.
The organization is expected to hire two employees to carry out the program from the Pennington Biomedicine office in Perkins. In the coming months, leaders are expected to discuss the best ways to implement the program.
“If anyone had a novel idea they wanted to realize, they had the resources to support it,” he said.
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