Established in 2024, the Health Care Innovation Loan Program, administered by the Florida Department of Health with recommendations from the Health Care Innovation Council, provides low-interest loans to eligible entities seeking to implement innovative health care solutions.
Unlike grants, these funds are intended to be repaid, ensuring the program’s sustainability and continued support for health care advancements. These loans are designed to support projects that improve the quality and delivery of health care across Florida, demonstrate a significant impact on health care efficiency, workforce support, patient outcomes, and cost savings while maintaining high-quality care.
Explore funding opportunities available through this program to bring your innovative health care ideas to life and contribute to the betterment of health services in our state.
Health Care Innovation Council
Works to transform Florida’s health care system through patient-centered service delivery models to improve care quality, efficiency, and accessibility, putting patients first, while reducing costs for the state.
Program Highlights
Loans cover up to 50% of total project costs, or up to 80% for rural or underserved area applicants.
Low-Interest Loans
- Maximum 1% interest rate
- Up to $5 million per project
- 10-year repayment terms
Priority Focus
- Rural hospitals
- Underserved communities
- Nonprofit Medicaid providers
Eligible Uses
- Innovative technology implementation
- Equipment and materials
- Service delivery model adoption
Loan Eligibility
- Health care providers licensed, registered, or certified by the Florida Agency for Health Care Administration, per section 408.802, F.S., except for those specified in subsections (1), (3), (13), (23), or (25)
- Education or clinical training providers partnering with above eligible health care entities
Priority is given to rural hospitals and nonprofit entities that accept Medicaid patients, particularly in rural or medically underserved areas designated by the Florida Department of Health.
Application Process
The Health Care Innovation Loan Program is not currently accepting applications. Please check back for updates.
Subject to loan funding allocations by the Florida Legislature and in coordination with the Health Care Innovation Council, the Florida Department of Health may set multiple application periods each fiscal year (up to four periods annually). Applications are reviewed by the council based on:
- Potential to increase health care system efficiency
- Impact on reducing workforce strain
- Improvement in patient outcomes
- Expansion of public access to health care
- Cost savings without reducing quality