Policy Details

SB7018 – Health Care Innovation Council and Revolving Loan Program

Date Passed

3/22/2024

Effective Date

3/21/2024

Summary

Creates the Health Care Innovation Council within the Department of Health and establishes a revolving loan program to scale promising health innovations statewide. The Council advises on priorities and oversees annual reporting.

Healthcare Implications

AI‑enabled solutions (clinical decision support, imaging triage, virtual care, revenue cycle automation) can qualify for technical assistance and financing, accelerating adoption by hospitals and community providers. Expect pilots to require outcome tracking, privacy/security compliance, and equitable access considerations to receive support.

Impact Level

Low

Stakeholders

Providers & Health Systems; Developers & Vendors