Healthcare company-building profile
Innovation Accelerator Program, Center for Health Care Transformation and Innovation
Penn Medicine (University of Pennsylvania Health System)
Source-based profile
Program at a Glance
- Program type
- Accelerator
- Program category
- Health system accelerator
- Organization
- Penn Medicine (University of Pennsylvania Health System)
- Organization type
- Hospital or health system
- Location
- Philadelphia, Pennsylvania
- Company stage served
- Not publicly documented
- Cohort or participation model
- Not publicly documented
- Investment or funding offered
- Not publicly documented
- Published investment terms
- Not publicly documented
- Equity or fee model
- Not publicly documented
- Clinical or hospital connection
- Yes
- Application status
- Active
Public description
About the program
Penn Medicine's Innovation Accelerator Program supports faculty physicians and staff who want to design, test and scale new approaches to healthcare delivery. Teams move through four defined phases: Phase One over six months validates that an idea might work, with training, mentorship and up to $10,000; Phase Two over up to a year proves the idea does work at larger scale with up to $50,000; Phase Three operationalizes the intervention across Penn Medicine with sustainable infrastructure; and Phase Four supports adoption by other health systems. The program is run out of the Center for Health Care Transformation and Innovation and pairs clinical teams with designers, data scientists and implementation staff. Proposal calls run every one to two years.
What the program publicly emphasizes
Focus areas and features
- Category: Health system accelerator
Publicly documented people and network
Program leadership and alumni
- Program leader
- Raina Merchant — Chief Transformation Officer, Penn Medicine
- Notable alumni named in public materials
- More than 30 projects funded since inception; named programs that came out of the accelerator include Advanced Heart Care at Home, CORE (opioid recovery), Healing at Home, and SOAR (hospital-to-home transitions for older adults); phased funding structure provides up to $10,000 in Phase One and up to $50,000 in Phase Two
Sources
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