The Philadelphia College of Osteopathic Medicine has launched a $5 million fund to invest in health care innovation focused on primary care.
The Primary Care Innovation Fund, backed by PCOM’s foundation, will invest in established companies providing goods and services for this field, as well as, new products and ideas from students, faulty and staff. The fund is also expected to be another revenue stream for the college separate from tuition.
Projects from across the country will be considered for funding, with primary focus on the Philadelphia and metro Atlanta areas. The private school has a branch campus in Suwanee. An advisory board of physicians and business leaders from the two cities will determine which projects receive funding.
“The osteopathic philosophy focuses on prevention and maintaining wellness, and seeing the patient as a whole person, not just their symptoms,” said Jay Feldstein, PCOM’s president and CEO. “Through the (fund), PCOM can extend that philosophy by investing in innovative opportunities nationally to improve and maintain patients’ quality of life.”
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