New Accelerator for Healthcare Startups by Healthworx

July 11, 2024
A group of healthcare experts provides mentorship for startups through the Healthworx Accelerator program.

In a July 8 press release, Baltimore-based Healthworx, the innovation and investment arm of CareFirst BlueCross BlueShield, a health plan serving 3.5 million members in the Baltimore, Washington, D.C., and Northern Virginia conurbations, announced its reimagined accelerator for healthcare startups seeking funding and mentorship.

According to the press release, Healthworx Accelerator builds upon its predecessor, 1501 Health. The twelve-week program is designed to give startups the tools to break into healthcare markets.

“The U.S. healthcare system is falling short, and is becoming increasingly expensive and inaccessible for millions,” said Doba Parushev, managing partner at Healthworx, in a statement. “Healthworx Accelerator will serve as a strategic partner as corporations start to overhaul the system and provide higher-quality, more affordable care to Americans while also serving as a catalyst for startups stuck trying to break through in the competitive healthcare market.”

“Healthworx Accelerator was intentionally designed to provide a streamlined insider’s perspective and education that would otherwise take years to acquire, ultimately handing each participating company the opportunity to leverage education, mentorship, and networking to increase growth and impact,” the press release stated.

Applications for the 2024 Healthworx Accelerator cohort will open next month, Healthworx announced.

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