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Healthworx Accelerator (formerly 1501 Health)

HealthTech & MedTech · Run by Healthworx (the innovation and investment arm of CareFirst) · Baltimore, MD

Verified Oct 1, 2026Official websiteHow to apply

Every field is checked against a primary source where we can. How we verify.

The facts

All fields verified Oct 1, 2026
Terms model
Equity for cashInvests cash in your company and takes equity (an ownership stake) in return.
Investment
$25,000
Equity taken
Not publishedHealthworx Accelerator (formerly 1501 Health) is run by Healthworx, the innovation and investment arm of CareFirst. Healthworx named Highmark and LifeBridge Health as accelerator partners in July 2024; the current partners page lists Highmark Ventures on the selection committee and does not mention LifeBridge. Each selected company receives a $25,000 investment; per the program guide, a company not raising a simultaneous round receives it as a SAFE note with a 25% discount rate and no valuation cap, with side-letter terms discussed during selection, so equity_pct is null. Stage 1 is a 12-week curriculum of virtual and in-person sessions; at the end of Stage 1, industry partners select cohort companies for Stage 2, nine months of guided mentorship toward commercial pilots (partnerships not assured). One cohort a year of about 20 companies. 2026 cohort applications are open and close October 9, 2026, per the program site. The former site 1501health.com still fails to load as of October 1, 2026 (TLS error).
Program length
12 weeks
Format
Hybrid
Location
Baltimore, MD
Cohorts per year
1
Cohort size
about 20
Stage focus
early-stage healthcare
Sub-vertical
Not published
Demographic focus
Not published
Backers
CareFirst, Highmark
Notable alumni
Not published

Terms notes: Healthworx Accelerator (formerly 1501 Health) is run by Healthworx, the innovation and investment arm of CareFirst. Healthworx named Highmark and LifeBridge Health as accelerator partners in July 2024; the current partners page lists Highmark Ventures on the selection committee and does not mention LifeBridge. Each selected company receives a $25,000 investment; per the program guide, a company not raising a simultaneous round receives it as a SAFE note with a 25% discount rate and no valuation cap, with side-letter terms discussed during selection, so equity_pct is null. Stage 1 is a 12-week curriculum of virtual and in-person sessions; at the end of Stage 1, industry partners select cohort companies for Stage 2, nine months of guided mentorship toward commercial pilots (partnerships not assured). One cohort a year of about 20 companies. 2026 cohort applications are open and close October 9, 2026, per the program site. The former site 1501health.com still fails to load as of October 1, 2026 (TLS error).

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Terms in plain English

Healthworx Accelerator, formerly 1501 Health, is run by Healthworx, which was launched within CareFirst; Highmark and LifeBridge Health joined as accelerator partners in 2024. Each company selected for the cohort receives a $25,000 investment. According to the program guide, a company that is not raising a round at the same time receives it as a SAFE note with a 25 percent discount rate and no valuation cap, and side-letter terms are discussed during selection. Stage 1 is a 12-week curriculum of virtual and in-person sessions; at its end, industry partners choose cohort companies for Stage 2, nine months of guided mentorship aimed at commercial pilots, which are not assured. No program fee is published.

Who this is actually for

Early-stage healthcare companies with a full-time team and a product or model that is in market or ready to launch, especially those that want to partner with health plans. The curriculum centers on the payer landscape, so it suits founders who want to understand how insurers think and buy, and who can attend both virtual and in-person sessions.

Healthworx Accelerator (formerly 1501 Health) application deadlines

  • 2026 cohort (applications close October 9, 2026): Applications close Oct 9, 2026.

    Verified Oct 1, 2026Source

Frequently asked questions

When is the next Healthworx Accelerator (formerly 1501 Health) application deadline?
No upcoming application window is published for Healthworx Accelerator (formerly 1501 Health). We last verified this on Oct 1, 2026.
How much does Healthworx Accelerator (formerly 1501 Health) invest?
Healthworx Accelerator (formerly 1501 Health) lists an investment of $25,000.
How much equity does Healthworx Accelerator (formerly 1501 Health) take?
Healthworx Accelerator (formerly 1501 Health) does not publish the equity it takes, so we record it as not published.
Where is Healthworx Accelerator (formerly 1501 Health) located and is it in person?
Healthworx Accelerator (formerly 1501 Health) is based in Baltimore, MD and runs a hybrid program.
Is Healthworx Accelerator (formerly 1501 Health) still active?
As of our last check on Oct 1, 2026, Healthworx Accelerator (formerly 1501 Health) is active.

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Plain-English mechanics, with worked hypothetical numbers.

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Sources

Everything above was checked against these, verified Oct 1, 2026.