The Next Big Thing in Healthcare

Build your healthcare startup with insight and support from the leading payer & provider in the mid-Atlantic region

Our Partners

About 1501 Health

1501 Health, a year-long incubation and investment program, provides early-stage companies with investment, expertise and support from the region’s leading payer and community health system.

Healthworx, the innovation and investment arm of CareFirst BlueCross BlueShield, and LifeBridge Health are leveraging their resources and networks to bolster startups that are changing the future of healthcare and improving the health of members and patients.

What We Offer
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What We Offer

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Capital
Receive investment dollars and support with future fundraising efforts
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Community
Meet with other entrepreneurs and healthcare experts
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Customers
Refine your brand & value proposition, business strategy & customer pipeline

Personalized programs:

Investment
Secure up to $100,000 to fund your growth through the course of the program
Dedicated Advisory
Access experts dedicated to supporting your business and success in 1501 Health
Tailored Projects
Leverage resources to complete personalized, tangible projects based on your startup’s needs
Exclusive Access
Connect with Healthworx and LifeBridge Health’s extensive network of experts and partners
Events
Join us for speaker panels, networking, webinars and more
Currently unavailable due to COVID-19
Free Co-Working & Model Clinic
Build, expand, and learn in a premium, no-cost space located in the heart of Baltimore

Startups

Is your healthcare company right for 1501 Health? If you are leveraging emerging technologies or have a team that is passionately working on a groundbreaking solution that could improve healthcare access, outcomes or patient/provider experience, you should consider applying to participate in 1501 Health:

  • Improve healthcare access
  • Reduce the total cost of care
  • Improve clinical outcomes
  • Improve patient and provider experience

Then you should consider applying to participate in 1501 Health.

To be eligible to participate you must:

  • Be a healthcare company offering healthcare technologies or services
  • Have a clear, scalable product or model that is currently in or ready to launch into market
  • Have a full-time team
  • Be a for-profit incorporated company

You cannot:

  • Be a pharmaceutical company
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Applications are currently closed.

Sign up for email updates to be notified when the next round of applications open.

Please note: 1501 Health will be a virtual program until it is safe to return to in-person workspaces. 

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Ready to make a difference in the way that health works? So are we.

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Partners

1501 Health is building a network of partners who want to support the success of our participants. Join Healthworx and LifeBridge Health to bring cutting-edge healthcare solutions to life by:

  • Investing in the most innovative startups
  • Educating cohorts of healthcare startups
  • Advising entrepreneurs through one-on-one mentorship
  • Partnering with 1501 Health to deliver tailored support
Get Involved
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Frequently Asked Questions

Application

  • What types of companies are eligible?

    We are focused on supporting early-stage healthcare companies to build and iterate on their products, models, and strategies. Therefore, eligible companies have at least one full-time team member, have a product of model solving a key healthcare challenge and have some traction, such as an MVP, pilot, customers, financing, proven impact, or other leading indicators of success. We do not accept companies focused on pharmaceuticals or who would use our space for manufacturing or storage of hazardous substances. For more details, please download the program guide.

  • How will a company be selected?

    Our selection process focused on understanding three main areas:

    • Business Viability – Do you have the right combination of idea, traction, team, regulation, financing, and other factors to build a successful business?
    • Healthcare Impact – If successful, will your business contribute to a better healthcare system, such as lowering the overall cost of care, increasing access, improving quality, improving the experience, and/or leveraging new technologies within healthcare?
    • Alignment with 1501 Health – Is 1501 Health, and Healthworx and LifeBridge Health, the right partner to help you achieve your milestones and move forward over the next year?
  • How long will it take to hear a decision about acceptance after I apply?

    Startups should expect to hear a final decision about their application in 8-12 weeks. This time frame may vary slightly based on the volume of applicants. For more information about the timeline for the application process and program, download the download the program guide.

  • Are there other ways to get involved with 1501 Health if my startup is not quite ready for this program?

    We are passionate about supporting startup companies that are in a variety of stages. While 1501 Health has a minimum set of criteria to be eligible for participation, we also host events and opportunities through the Healthworx where you can get involved. Sign up for news updates to be notified of those opportunities.

  • I missed the deadline – what should I do next?

    We also open new applications on a regular cycle, so please sign up for news updates to be alerted to the next 1501 Health application round.

  • Can I work on my application offline?

    Yes, you are welcome to work on your application offline. Download the word doc version of the application to help you. 

    When you are ready to submit your application, you will need to fill out the online form by Feb. 22. Applications submitted outside of the online form will not be considered.

Investment

  • What is the investment that 1501 Health makes into participants?

    1501 Health invests up to $100,000 int0 participating startups. The investment is broken into four payments with the first payment being made at the beginning of the program. The rest of the investment is paid quarterly based on progress with the program. For more information about the payments, timing and criteria for quarterly investments, download the program guide.

  • What are the terms for the 1501 Health investment?

    There are two types of investments for startup participants. For startups who are closing a fundraising round within 60 days before or after the program start, we will invest on the same terms negotiated by the lead investor in that round. For other startups, we offer a standard SAFE note. For details about the terms, please download the program guide.

  • Are there any other restrictive terms related to participation in 1501 Health?

    We will require a standard side letter, focused on basic information rights and a few other standard terms. However, we will not restrict future fundraising or require exclusivity in any way. We want to be a partner to startups -- when you succeed, we succeed. 

  • Why does 1501 Health make investments in startups?

    1501 Health is committed to providing startups with resources, advice and support to test and scale their healthcare business. The investment is designed to fund the participants' growth throughout the 1501 Health program. 

Program

  • How can I get more information about the program?

    To learn more about the 1501 Health program, download the program guide. If you still have questions about the program, send an email to info@1501health.com.

  • What type of support can I expect from this program?

    Startup companies will be paired with a personalized cabinet of subject matter experts that are well positioned to help them grow and scale their health solution. Cabinet members will provide quarterly support to startups with their value proposition, business model, and strategies as well as ad hoc 1:1 meetings. Additionally, 1501 Health will deliver tailored support projects to support startups growth and success. Tailored support projects are timebound, deliverable-based, and add concrete value to a startup’s growth.

  • How much time will the program take?

    We know that you are busy building your business, so we have designed a one-year program focused on delivering you value as you need it, without being another full-time job. You will be asked to commit a few hours a month to events and meetings. Other than that, you can decide where and how you want to spend time working with mentors and on tailored support projects.

  • Why did Healthworx and LifeBridge Health partner to create the 1501 Health program?

    Healthworx and LifeBridge Health are the region’s leading payer and community health system. Together, in the spirit of innovation, modernization and agility in healthcare, we have formed an incubation program that will foster an ecosystem of entrepreneurship to improve healthcare access, positively impact patient outcomes, and reduce the total cost of care.

  • How will the 1501 Health program be accessed during COVID-19?

    Until it is deemed safe to return to work in shared spaces, 1501 Health will operate as a virtual incubation program. Startups accepted into the program should expect to participate in the program via Zoom, email, and through other virtual collaboration tools.

    We are confident that the 1501 Health program has been thoughtfully crafted to ensure startups are getting the most from their experience. Each startup will have a personalized program within 1501 Health and a support team that is built around the needs of their solutions.

  • When will the physical space for 1501 Health be available to use?

    We are closely monitoring the COVID-19 situation and will return to in-person events and workspace as soon as it is safe to do so. Updates to our in-person operations will be provided via email and on the website. Once the return-to-work policy is clear, we will work with our participating companies to determine if they are interested in using the space, the number of desks that they want to occupy, the timeline for utilization and other details.

Meet the Team

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Emily Durfee 1501 Health Co-Manager
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Jordan Evans 1501 Health Co-Manager
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Ricardo R. Johnson 1501 Health Executive Sponsor
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Pothik Chatterjee 1501 Health Executive Sponsor

The 1501 Health operations team is supported by additional thought partners from CareFirst, Healthworx and LifeBridge Health. 

About Healthworx

Healthworx operates at the intersection of healthcare and innovation by creating, co-creating and investing in companies that are improving healthcare quality, accessibility and affordability. As the innovation and investment arm of CareFirst, Healthworx envisions a healthier future for all people by changing the way health works.

About LifeBridge Health

LifeBridge Health is a forward-thinking organization offering the full continuum of care with a community-centric and entrepreneurial culture, fostering innovation across the system. The LifeBridge Health Innovation team collaborates with internal and external partners to find groundbreaking approaches to improve patient experience, access and clinical outcomes.

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Events

  • Oct. 17-20 HLTH

    Visit 1501 Health in the exhibitor hall during the HLTH Conference in Boston. Learn more about the conference here.

  • Oct. 22 (1-2 pm ET) 1501 Health Info Session

    Join Emily Durfee and Jordan Evans to learn more about the 1501 Health program and explore whether your startup is a good fit for the year-long incubation and investment program. 

Stay Connected

Have questions about 1501 Health? Are you interested in joining 1501 Health as a mentor or advisor? Fill out the form to connect with the team, or email info@1501health.com.

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