WELL Health Announces Approval for Historic $44M Project - WELL Health and its consortium partners have been awarded the largest DIGITAL project to date for Health Compass II, an initiative that will continue the advancement of AI and interoperability in Canadian healthcare.
- WELL Health will not only serve as the lead commercialization partner and first customer, but will also provide expertise and interoperability to each consortium partner for an unprecedented opportunity to innovate and develop new AI tools to better support and enable healthcare providers to enhance patient outcomes.
- As part of the approval, DIGITAL will fund just over one third of all project costs related to this project over a period of 4 years. These funds are appropriated by the Federal Government of Canada to support technology innovation.
VANCOUVER, BC and TORONTO, July 10, 2024 /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (the "Company" or "WELL"), a leading company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is thrilled to announce the approval and advancement of a groundbreaking $44M project, which will receive $15.3M in funding from DIGITAL to support investments in R&D and commercialization from other partners for phase 2 of the Health Compass project, known as Health Compass II. This monumental funding represents the largest project DIGITAL, Canada's Global Innovation Cluster for digital technologies, has awarded to date in any funding category, marking a significant milestone in the commitment and advancement of AI and interoperability in healthcare.
WELL Health Announces Approval for Historic $44M Project, the Largest DIGITAL Project Ever Awarded to Advance AI-powered Tech Enablement for Care Providers (newswire.ca)