Even with Congress in the middle of its annual summer recess, healthcare news continues to come out of Washington. Vice President Joe Biden announced yesterday that, effective October 1, $1.2 billion in stimulus funds will become available for the implementation of electronic medical records in hospitals and clinics across the US. “Implementation” can include anything from upgrading old systems to creating regional networks and training providers on the new technology. Companies in the medical tech sector take note – this portion of the American Recovery and Reinvestment Act should create plenty of funding opportunities across the board.
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US Government to release $1.2 B in electronic medical record funding
Friday, August 21st, 2009San Francisco developing Mission Bay area to advance health-related startups
Wednesday, August 5th, 2009The city of San Francisco is continuing its efforts to develop the area around UCSF’s Mission Bay campus with an eye towards supporting health-related companies. FibroGen, a biotech firm, and QB3 (California Institute for Quantitative Biosciences), a cooperative effort between the University of California and private industry, are taking part in this effort by helping to develop an incubator for medical companies. The incubator has already signed up five companies, and hopes to attract more.
Although there has been recent news that drug giant Pfizer has canceled plans to open a research center in Mission Bay, Mayor Gavin Newsom is optimistic that the area can attract innovative companies. If you are a Spanish health-related company and are ready to consider moving to the US, San Francisco could be your next step!