In Full Health initiative to advance health innovation

The In perfect health A learning and action community to advance health equity innovation the initiative seeks to improve equitable opportunities in health innovation investment, solution development and procurement.

The AMA partners with founders of collaborating organizations to support the In the Full Health Learning & Action Community with content, tools, resources and opportunities to connect, engage and learn with and from each other to advance equitable health innovation.

The In perfect health the initiative grew out of the AMA’s Organizational Strategic Plan for Embedding Racial Equity and Advancing Equity in Health Care, specifically related to the strategic approach “Ensuring Equitable Structures and Opportunities in Health Innovation.” The Center for Health Equity facilitated the development of the initial In perfect health principles with the AMA External Capital and Innovation Advisory Group.

The the initiative is built around five principles to promote equitable opportunities for health innovation, inviting community members to:

  1. Understand how structural racism, sexism, and bias affect the allocation of resources for healthcare innovation so that steps can be taken to eliminate them.
  2. Assess the value of all health innovation decisions by their impact on health equity as a primary metric.
  3. Invest in health innovations designed by innovators, building by and for historically marginalized communities.
  4. Use investment models for health innovation that support asset ownership and wealth development within historically marginalized communities.
  5. Engage industry influencers to address system-level barriers and needs.

Despite decades of growing investment in health innovation, data show that the US continues to have worse health outcomes than other high-income nations and persistent inequality.

The root of the problem is that Blacks, Hispanics, Indigenous Peoples, People of Color and Women make up approximately 70% of the US population, but are underrepresented in health care investment, development and purchasing decisions.

Read the whole thing In perfect health business case.

In perfect health empowers healthcare industry stakeholders to change long-standing systems of industry-wide inequity by prioritizing investment in healthcare innovations developed by, with, and for Black, Latino, Indigenous, and other communities of color; Women; LGBTQ+ communities; communities with disabilities; low-income communities; rural communities; and others living in and at the intersection of historically marginalized communities.

Institutional investors, fund managers, payers and healthcare delivery systems, healthcare startups and other solution developers, as well as policymakers are invited to form a community of stakeholders engaged in learning and action to center equity in their investment in health innovation and resource allocation.

The community will provide access to experts, resources and opportunities for members to share lessons learned and challenges with each other and identify opportunities for collective action and policy change. Joining In perfect health Now.

Are you a solution developer, buyer or investor? Download the Solution Development Toolkit and ensure that the health innovation products or services you build significantly improve health equity.

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