Here’s a story that will bucks the idea that will the tech industry is actually selfish as well as also also myopic: A technology start-up raised more than $20 million This particular week to help low-income Americans, including the elderly as well as also also the homeless, access basic health services.
Cityblock Health, which spun out of Alphabet’s urban innovation unit, Sidewalk Labs, will use its funds to open up or partner with community health centers in Brooklyn, completely new York as well as also also additional urban hubs across the country. that will’s coupled with the development of a technology product, which the idea calls Commons.
the idea aims to treat low-income patients who qualify for Medicaid, which accounts for about 1 in 5 Americans including many with complex as well as also also costly needs.
Its team includes a mix of technologists coming from companies like Google, as well as nonprofit as well as also also community health experts. The company named to its board some big names in health as well as also also technology, including former CMS administrator Andy Slavitt, Rock Health co-founder Halle Tecco, as well as also also Cloudera co-founder Jeff Hammerbacher.
Alphabet subsidiary Sidewalk Labs is actually moving ahead with its own plans to redevelop Toronto’s waterfront, an effort that will will include a whole lot of sensors as well as also also additional technologies. Cityblock was initially based at Sidewalk’s offices, nevertheless will today operate as an independent company.
CityBlock isn’t yet treating patients until early next year. nevertheless Iyah Romm, the company’s CEO as well as also also co-founder, explained on Wednesday that will the company is actually hoping to provide a range of resources, including social services, access to affordable housing, as well as also also more.
The underlying premise is actually that will these individuals need more than just medical care to stay healthier for longer as well as also also cut down on trips to the emergency room.
Romm said he started out the company because very few health-technology start-ups are focused on Medicaid patients. The vast majority are targeted to the so-called “worried well,” who are already fit as well as also also healthy nevertheless looking to optimize their health.
The company will make money by taking on risk for these populations, as well as also also delivering better, more affordable care. Its type involves improving outcomes, rather than reaping in revenues through costly tests as well as also also procedures.
The funds come coming from a slew of investment firms, including Maverick Capital Ventures as well as also also Thrive Capital, among others. Sidewalk Labs was also an investor.