The California Health Care Foundation was established in 1996, following the conversion of Blue Cross of California from a not-for-profit health plan to a for-profit corporation. The Foundation seeks to improve access to coverage and care, to promote high-value care, and provide research, support health care journalism, train leaders, and develop cross-sector networks. As at December 31, 2018, the California Health Care Foundation had $808 million of assets under management.
In addition to conducting research and grant-making, the California Health Care Foundation has established the CHCF Health Innovation Fund, a program-related investment initiative, to support market-based solutions with the potential to improve access and health outcomes for Californians with low incomes. Investments must provide new or more timely access to 100,000 Californians and/or deliver $25M in annual cost savings to the California health care system.
On a Mission: Investing for US Health Impact in 2014
Investing in Health Care That Works for All Californians