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Investors to Back Start-Ups That Cut Health Care Costs

EKG (Photos8.com)

(Photos8.com)

The Paliwoda Group in New York has started a new investment fund that plans to support early-stage companies with solutions aimed at cutting the costs of health care. The company’s Health Tech Fund is now accepting proposals on its Web site.

The Health Tech Fund plans to invest in early-stage companies with projects having the potential to substantially lower the cost of health care delivery in the U.S. The fund is particularly interest in solutions that:

– Provide greater cost transparency, to help consumers can make better decisions when selecting local health care providers

– Offer technologies to improve the monitoring of patients with chronic illnesses

– Improve the synthesis of information from different kinds of health care devices to provide better tracking of health metrics over time for patients

The most promising projects will be invited to meet with a member of the company’s ventures investments team. Projects will be announced as they are selected for funding, unless they choose to remain operating in stealth mode.

“We support novel approaches that reduce spending on health care by individuals, service providers, and government,” says company president Ron Paliwoda, “and which allow exceptional care to more broadly penetrate underserved communities.”

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