AMA launches initiative to support more equitable health innovation
Driven by its strategic goal to advance equity in the U.S. healthcare innovation sector, the American Medical Association (AMA) recently announced an initiative that supports leading industry stakeholders in committing to equitable health innovation opportunities targeted to improving health outcomes in historically marginalized communities.
The AMA said its new In Full Health Learning and Action Community to Advance Equitable Health Innovation program is a set of principles that offers organizations a framework to center equity in their health innovation investment, development, and purchasing efforts as they actively work to shift resources and decision-making to invest and build power in historically marginalized populations.
Recent data indicates that despite making up roughly 70% of the U.S. population and holding an estimated 80% of purchasing power, black, Latinx, indigenous, people of color, and women are drastically underfunded and underrepresented in healthcare venture development. The AMA contends this exclusion contributes to the exacerbation of health inequities within these populations and presents barriers to meaningful progress in improving the health of the nation.
“It is crucial that we invest in solutions that are created for, with, and by communities that have traditionally been sidelined from health innovation resources,” said Jack Resneck Jr., MD, AMA president-elect. “As a component of the AMA’s broader work to advance racial justice and equity in health care, this new initiative will help us continue to drive the future of digital medicine while ensuring health innovation addresses the needs and improves the health of all patients — particularly those who have been most marginalized.”
Created in concert with the AMA’s External Equity & Innovation Advisory Group and envisioned within the AMA’s strategic plan to embed racial justice and advance equity, the In Full Health initiative strives to help solution developers, funders, and purchasers ensure that health innovation products and services advance health equity by prioritizing the engagement of historically marginalized communities in the design, development, testing, and evaluation process. Its community website, InFullHealth.org, will serve as a resource for collaborating organizations to connect with experts and each other to share content, tools, and opportunities for meaningful action to advance equitable health innovation.
“By connecting this community of stakeholders around a shared goal of driving equitable resources to health solutions for those historically excluded in the design and profit of innovation, such as black, indigenous, and Latinx people, people with disabilities, and those who identify as LBGTQ, In Full Health provides the collective power and capability to bring about change,” said AMA chief health equity officer and SVP Aletha Maybank, MD, MPH.
The In Full Health community will ground its efforts in a set of five ‘Principles for Equitable Health Innovation’ representing a renewed vision for a U.S. health innovation sector that: prioritizes equitable resource allocation for meaningful solutions to advance health, racial, and social justice; and ensures that the race, ethnicity, sexual orientation, and gender identity of innovators and investors mirror that of the nation. Stakeholders will be invited to embed these Principles into their work, eventually evolving and strengthening them together over time.
An initial group of organizations has signed on as founding collaborators for the initiative, committing to collectively work with the AMA to build, engage, and support the In Full Health community. These companies include:
Advanced Medical Technology Association (AdvaMed)
Business Group on Health
Digital Medicine Society (DiMe)
i.c.stars
HealthTech4Medicaid
HIMSS
MassChallenge HealthTech
MATTER
MedTech Color
National Health IT Collaborative for the Underserved
NODE Health
RockHealth.org
Together.Health
West Coast Consortium for Technology and Innovation in Pediatrics
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