NJ Innovation Institute gains $49 million HHS grant

The New Jersey Innovation Institute (NJII), a New Jersey Institute of Technology (NJIT) corporation, has been selected as one of 39 health care collaborative networks participating in a Health and Human Services (HHS) program, the Transforming Clinical Practice Initiative. According to their announcement, NJII was selected as a Practice Transformation Network and over four years will receive up to $49.6 million for technical assistance support to help equip 11,500 clinicians in the New Jersey region with tools, information, and network support needed to improve quality of care. This is part of a $685 million HHS program awarding grants to 39 national and regional health care networks to help equip more than 140,000 clinicians with the tools and support needed to improve quality of care, increase patients’ access to information, and reduce costs. This is in addition to an $2.9 million grant from the Office of the National Coordinator for Health Information Technology (ONC-HIT) announced in August for sharing of quality data through its New Jersey Health Information Network (NJHIN). Through its Innovation Labs (iLabs), NJII brings NJIT expertise to key economic sectors, including healthcare delivery systems, bio-pharmaceutical production, civil infrastructure, defense and homeland security, and financial services. Release via Ridgewood Patch, HHS release. Hat tip to contributor Sarianne Gruber via LinkedIn.

Health IT Entrepreneurial Connections Program (US)

The New Jersey Innovation Institute, a corporation part of the New Jersey Institute of Technology (NJIT) in Newark, NJ, is inviting healthcare technology and HIT entrepreneurs to be part of an acceleration/scaleup program for growth companies. The NJIT School of Management at the Enterprise Development Center runs a structured learning program in bi-weekly group sessions for qualifying innovative IT companies which are seeking to boost their annual revenue by 20 percent or more. It is free to participants, as funded partly by JPMorgan Chase’s ‘Small Business Forward’ initiative. Participants must have some market traction (the minimum is $250,000 or more in annual revenue).The deadline for application to be part of cohort #2 is early February; the program starts late February. Unlike other local programs, there is no requirement that the company operate in the state. For more information and to apply, see the form here. Hat tip to Michael Ehrlich, Associate Professor of the NJIT School of Management