We recognize that many health care leaders are focused on providing high-quality care and are constantly working to improve care and to solve complex challenges. We believe the more people work together on complex problems, the better.
We support plans and providers looking to leverage innovative technologies to tackle hard problems by offering grants for pilots, start-up expenses like electronic health records integration, project management, and outcome evaluations. We also develop innovation landscape papers that help plans and providers identify technology companies that are coming up with solutions to some of the most persistent health care challenges.
The goal of the Innovation Fund is to support and develop companies that have a significant positive impact on Californians living on low incomes and the providers and plans that serve them. When we identify companies we believe are especially well-positioned to advance widespread improvements in our state’s health care system, we invest directly in their success.
It is not our objective to make a return on these investments. When investees repay CHCF, or when a company has a financial exit, that money is repurposed into additional mission-related activities.
In 2021, the fund’s portfolio of companies served over five million Medi-Cal beneficiaries at over 250 hospitals and 100 community health centers in California.