The U.S. spends roughly 2.8 trillion USD on healthcare each year. While most attention is placed on the healthcare costs that continue to exponentially increase, 40% of health outcomes are determined by social and economic factors. The social determinants of health run the demographic gambit and include things like where a person was born and where they work. Inevitably, these are largely shaped by an individual’s and/or family’s wealth; i.e., the less money a person has, the more likely they are to experience poor health. The San Francisco Federal Reserve Bank calls this correlation between low wealth and poor health outcomes the “health-wealth gap”.
We are seeking entrepreneurs with solutions that will aid in bridging the “health-wealth gap” and reducing health inequality. We are particularly interested in solutions that do one of the following:
- Reduce the cost of healthcare for patients and/or novel ways to help manage costly medical bills;
- Increase access for low-wealth individuals to both acute and non-acute services, such as nutrition, medication, and/or physician visits;
- Improve health education and health information dissemination techniques;
- Better help patients understand the financial complexities in healthcare, including choosing health services
Workshop 1: October 1st – 4th in Oakland, CA
Workshop 2: November 3rd – 6th in Washington, D.C.
Workshop 3: December 8th – 11th in Oakland, CA
Program launch event: October 3rd
Stakeholder Forum: November 4th
Venture Forum: December 10th
Selected feedback from entrepreneurs:
- “[Being an entrepreneur] can be very lonely, but coming together with the other teams and the whole cohort really helped up our game.”
- “The program, I appreciate the elegance of it. Going through the vetting process made me think about how I articulate things.”
- “I feel like our relationships will continue after the program because we got to know each of [our businesses]”.