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AMA sinks $27M in Health2047 to ramp up development of new clinical tools

May 02, 2018 / Evan Sweeney

A Silicon Valley digital health incubator is getting another round of funding from the nation’s largest physician organization and beefing up its leadership team with former executives from Apple, IBM and Johnson & Johnson. The American Medical Association (AMA) announced a $27.2 million investment in Health2047, an innovation incubator launched by the association in 2016 with a $15 million investment. Since then, the company has spun off SwitchCo Inc., a platform designed to securely share data across the industry.