Florida Department of Health launches $50 million annual loan fund for healthcare innovation

Joseph A. Ladapo  State Surgeon General at Florida Department of Health
Joseph A. Ladapo State Surgeon General at Florida Department of Health - Florida Department of Health
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The Florida Department of Health has launched the Florida Health Care Innovation Loan Program, a new initiative aimed at encouraging innovation in the state’s health care system. The program will provide $50 million annually in revolving loans to support projects that seek to improve health care delivery and quality across Florida.

The initiative is part of the broader Health Care Innovation Program, which was created to find solutions for enhancing patient care and efficiency within the state. The program is overseen by the Health Care Innovation Council, chaired by Lieutenant Governor Jay Collins, and includes members with backgrounds in health care, technology, finance, and patient advocacy.

“The launch of the Health Care Innovation Revolving Loan program represents yet another significant step in Florida’s efforts to foster a culture of innovation within Florida’s health care community,” said Lt. Governor Jay Collins. “As the Council Chair and newest member, I am honored to work with the Council to support health care innovation implementing solutions that address the evolving needs of our state’s health care system.”

“This loan program reflects Florida’s commitment to patient-centered innovation and medical choice,” said State Surgeon General Dr. Joseph A. Ladapo. “We are investing in the lives of Floridians by supporting solutions that improve care delivery and outcomes.”

The council aims to promote new technologies, workforce pathways, and service models that make health care more efficient in Florida. Objectives include reducing strain on staff, expanding access to services, improving patient results, limiting unnecessary emergency visits, and lowering costs for both patients and the state while maintaining quality standards.

A dedicated website at Innovation.flhealth.gov offers resources for stakeholders such as providers, entrepreneurs, technology developers, and members of the public interested in learning more about these efforts. In addition, a loan application portal at healthcareinnovationloan.floridahealth.gov/LAP has been opened to facilitate applications from eligible organizations seeking funding for innovative projects.

Entities eligible for loans include those licensed or certified by the Agency for Health Care Administration—such as hospitals, residential treatment facilities, ambulatory surgery centers, nursing homes, assisted living facilities—as well as organizations involved in educational or clinical training partnerships with these facilities.

The Department is nationally accredited by the Public Health Accreditation Board and works through coordinated efforts at various levels to protect and improve public health throughout Florida.

More information about this program can be found at www.FloridaHealth.gov or on social media platforms including X (@HealthyFla) and Facebook.



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