May 17, 2018 admin

Why health tech may be NY’s most important new industry (Crain’s NY)

From Crain’s NY: Earlier this month, as Crain’s reported, a Google prodigy called CityBlock landed its first big contract with EmblemHealth. Manhattan-based CityBlock is pioneering the use of technology to provide better and more cost-effective treatment for people on Medicare and Medicaid, especially in poor neighborhoods.

Earlier this year, the pharmaceutical giant Roche paid just under $2 billion for Flatiron Health, a New York company which may just completely change the way cancer care is delivered. Like CityBlock it is applying sophisticated technology to a major medical issue.

Last year, 79 New York health tech companies raised an amazing $703 million in venture capital.

The way the tech sector is changing New York is one of the most underreported stories in New York as Cara Eisenpress and I detailed in our February story “Tech City” and in related follow-ups. Health tech may be the area that has the biggest impact on lives.

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