Health2047, a technology innovation enterprise focused on revamping healthcare, announced today a $27.2 million follow-on investment from the American Medical Association (AMA), its founding partner, and a slew of new hires spearheaded by the recent appointment of a new CEO.

According to a statement, the funding will go toward the development and commercialization of “promising new technology-based solutions in the areas of chronic disease reduction, radical productivity change, and value-based healthcare.” The group demonstrated this aim not too long ago when it pushed its first spin-out company, the blockchain-based, data liquidity-focused Akiri, out the door with a $10 million investment.