The reimagined program builds on the success
of its predecessor, 1501 Health, to offer strategic mentorship and
expansive curriculum for healthcare startups.
BALTIMORE, July 9, 2024
/PRNewswire/ -- Healthworx, an agile group of healthcare
experts that is equal parts investment arm, strategic partner,
commercialization engine, and launch pad, is introducing
its reimagined accelerator for healthcare startups seeking
funding and mentorship.
Healthworx Accelerator, formerly known as 1501 Health, will
equip startups with the tools and knowledge they need to break into
and grow within complex, entrenched healthcare markets. The program
is designed to help healthcare startups who have seen some traction
to bridge the gap and fully establish themselves in a sector that
is traditionally dominated by large corporate powers.
"The U.S. healthcare system is falling short, and is becoming
increasingly expensive and inaccessible for millions," said Doba
Parushev, Managing Partner at Healthworx. "Healthworx Accelerator
will serve as a strategic partner as corporations start to overhaul
the system and provide higher-quality, more affordable care to
Americans while also serving as a catalyst for startups stuck
trying to break through in the competitive healthcare market."
Healthworx Accelerator brings a new approach to health
accelerators. Its twelve-week, focused curriculum will fast track
companies with the knowledge and resources they need to disrupt a
crowded healthcare ecosystem.
The program provides expert mentorship from every corner of the
healthcare industry, ranging from product development to
payer/provider system navigation to marketing. Healthcare is
historically heavily nuanced in a way that makes early traction for
innovators nearly impossible. As such, Healthworx Accelerator was
intentionally designed to provide a streamlined insider's
perspective and education that would otherwise take years to
acquire, ultimately handing each participating company the
opportunity to leverage education, mentorship, and networking to
increase growth and impact.
"Other programs offer a generalized approach to success, but
Healthworx Accelerator should be viewed as the graduate school for
startups," added Parushev. "Thanks to the marriage of traditional
healthcare experience and the deeply rooted goal of solving the
problems plaguing our current healthcare system, this program is
the best way for innovators in this space to truly make their
mark."
Applications for the 2024 Healthworx Accelerator cohort will
open next month. To see the eligibility requirements of the
accelerator and signup to get notified when applications open,
visit https://healthworxaccelerator.com/
About Healthworx
Equal parts investment arm, strategic partner,
commercialization engine, and launch pad, Healthworx, the
investment and innovation arm of CareFirst Inc., is an agile group
of healthcare experts dedicated to building a healthier future and
a better healthcare experience. Made up of four arms - Healthworx
Accelerator, Healthworx Ventures, Healthworx Funds, and Healthworx
Studio - Healthworx provides innovative healthcare startups with
support at every stage of their growth. For more information about
getting involved in the Healthworx ecosystem, visit
https://www.healthworx.com/.
View original
content:https://www.prnewswire.com/news-releases/healthworx-launches-new-accelerator-for-healthcare-startups-302192098.html
SOURCE Healthworx