Powerful NY Entrepreneurial Companies Lend Public Support to the SHIN-NY
NY Companies Agree that Governor’s Funding for the SHIN-NY will Transform NY into Nation’s Leading Hub for Health IT Innovation + Create 1,500 New Jobs
New York – Today, 33 top New York Health IT investors and entrepreneurs signed a public letter to New York legislators, urging their support for Governor Cuomo’s $65 million funding proposal for the Statewide Health Information Network of New York (the SHIN-NY).
“By funding the SHIN-NY,” the letter notes, “New York has the opportunity to lead the nation as the first large state to implement a statewide health information exchange that is not tethered to specific healthcare providers.”
By modernizing New York’s system of electronic health records, the letter adds that “the SHIN-NY is poised to attract new technology companies and jobs” to New York’s fast-growing Health IT sector and “is expected to create over 1,500 new jobs across New York State over the next five years.”
The SHIN-NY is a secure and interconnected system of electronic health records that will improve healthcare for all New Yorkers by ensuring that doctors and patients have instant access to their health records, anywhere and anytime. The majority of the Governor’s proposed funding will go towards interconnecting the SHIN-NY’s ten regional health organizations (RHIOs) throughout the state, which are currently silo-ed, and increasing provider participation in the network. The State Legislature will need to approve the Governor’s funding for the SHIN-NY by March 31st.
In the letter, the 33 companies agree that the SHIN-NY is a “forward-thinking investment” and encourage New York legislators to approve the funding in upcoming budget negotiations.
The 33 local, New York State companies that have signed the letter in support of the SHIN-NY include: Start Up Health, OpenmHealth, YingoYango, New Leaf Venture Partners, TenElevenGroup, Meditech, MedCPU, Medent, Netsmart, ManaHealth (Winner of NYeC’s Patient Portal Design Challenge), J2Interactive, Innovative Solutions, Hinext (Creator of Treat), Fitango, ExactData, BioDigital, ActualMeds, Chenoa Information Services, CipherHealth, eCaring, CredSimple, CureMD, Cureatr, NextGen Healthcare, Remedy, RightCareSolutions, RipRoad, TalkSession, Luminary Labs, SpectraMedix, SpotMe, Health Recovery Solutions and Key Management Group.
In addition to these New York State companies, 17 other Health IT companies with strong New York businesses have signed the letter, supporting the SHIN-NY as a key investment that will bring more jobs to the state.
The full list of the letter’s signers is included below.
The SHIN-NY is coordinated by the New York eHealth Collaborative (NYeC). The network will be overseen by the New York State Department of Health and will be governed by federal HIPAA and State privacy and security policies and standards.
Full Text of Letter:
Dear New York State Legislators:
New York’s health information technology sector is growing, creating good jobs for New Yorkers across the state. As investors and entrepreneurs in this sector, we urge you to support job growth in our industry by approving Governor Cuomo’s $65 million budget appropriation for New York’s Statewide Health Information Network (the SHIN-NY) and the regional health information organizations (RHIOs).
The SHIN-NY is a secure and interconnected system of electronic health records that will improve healthcare for all New Yorkers by ensuring that doctors and patients have instant access to their health records, anywhere and anytime. The majority of the Governor’s proposed funding will go towards linking the SHIN-NY’s ten RHIOs throughout the state, which are currently silo-ed, and increasing provider participation.
By modernizing our state’s system for transmitting patient information, the SHIN-NY is poised to attract new technology companies and jobs, reinforcing New York as a powerful hub for health technology innovation. The SHIN-NY is expected to create over 1,500 new jobs across New York State over the next five years.
Since 2008, New York City’s Silicon Alley has soared: at least 900 start-up Internet companies hiring for 3,000 jobs are listed under the city’s “We Are Made In NY Initiative.” Venture capital funding in healthcare technology reached $2.2 billion in 2013, with a large portion of these funds going towards growth-stage and expansion-stage technology companies in the New York metro area. With this recent explosion of technology capital and an unrivaled density of healthcare organizations and hospitals, New York City and its neighboring regions are on the brink of leading a healthcare technology revolution.
By funding the SHIN-NY, New York has the opportunity to lead the nation as the first large state to implement a statewide health information exchange that is not tethered to specific healthcare providers. The inherent nature of rapid and increased communication across modern electronic health records will allow for multiple stakeholders including investors, healthcare providers, and technology entrepreneurs to collaboratively build the best healthcare technology products and attract top talent from around the country and globe.
As leaders of this industry, we believe the SHIN-NY is a forward-thinking investment that will radically transform New York into the world’s epicenter for healthcare technology. We ask that you approve the Governor’s proposed funding for the SHIN-NY in upcoming budget negotiations.
CEO & Co-Founder, IEQ
Patricia S Meisner
CEO, @Point of Care 360
CEO and Co-founder, BioDigital
Audrey Ostrovsky, MD
CEO, Care at Hand
CEO, Chenoa Information Services
President & CEO, Coranet Solutions
Cofounder & CIOm CureMD
Michael Gerstenfeld, MD
Dr. Dov Biran
CEO, Health Recovery Solutions
Chris Burrow, MD
EVP Medical Affairs, Humetrix
Principal, Innovative Solutions
President, J2 Interactive
CEO, Keona Health
President, Key Management Group
CEO and Cofounder, ManaHealth
CEO, NexJ Systems
EVP, NextGen Healthcare
Managing Director, New Leaf Venture Partners
President, RightCare Solutions
CEO, Rip Road
CEO, Luminary Labs
Raj Lakhanpal, MD
Connie Chen, MD
Medical Director, StartX
CEO, Stella Technology
CEO, TenEleven Group
VP Sales, Vital Images
CEO and Founder, YingoYango
Andriana Nikolova, MD
CEO & Co-Founder, Zakipoint
CEO, Open mHealth
Dr. Joseph Mayer
Co-founder and CEO, Cureatr
Eyal Ephrat, MD
Chairman & CEO, MedCPU
Co-Founder, StartUp Health
About The New York eHealth Collaborative (NYeC): NYeC is a not-for-profit organization, working in partnership with the New York State Department of Health to improve healthcare for all New Yorkers through health information technology (health IT). Founded in 2006 by healthcare leaders, NYeC receives funding from state and federal grants to serve as the focal point for health IT in the State of New York. NYeC works to develop policies and standards, to assist healthcare providers in making the shift to electronic health records, and to coordinate the creation of the Statewide Health Information Network of New York (SHIN-NY), a network to connect healthcare providers statewide. www.nyehealth.org & @NYeHealth
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