FDOH Annual $50 Million Health Care Innovation Fund Revolving Loan Program

Source: Toni Large, Large Strategies

State Launches $50M Health Innovation Loan Program: The state Department of Health last week rolled out its Florida Health Care Innovation Loan Program, a new initiative to boost inventive solutions across the state's health care system. The program, backed by $50 million annually in state funding, aims to finance proposals that improve care delivery, reduce costs, strengthen the health care workforce, expand access, and enhance patient outcomes. The initiative, created under 2024's SB 7018, which was part of a priority legislative package called the "Live Healthy" initiative, established the Health Care Innovation Council and enshrined the loan program in state law. Under the legislation, the state will appropriate $50 million per year through 2034-35, creating a revolving loan fund that supports eligible health care entities implementing innovative models and technologies. The Health Care Innovation Council, chaired by the lieutenant governor and composed of health, technology, finance, and advocacy experts, will review applications and advise on project prioritization. Eligible applicants include entities licensed by the Agency for Health Care Administration — such as hospitals, nursing homes, ambulatory surgery centers — and educational or clinical training providers collaborating with these facilities. The program gives priority to rural hospitals and nonprofit Medicaid-serving entities, especially those in medically underserved regions. 

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