The Greater Scranton Chamber of Commerce held today a Community Welcome Event and ribbon cutting for Signallamp Health, LLC, a healthcare technology startup that provides population health services via registered nurses to Medicare beneficiaries on behalf of their chosen physicians.
Signallamp Health plans to bring 69 new, full-time jobs to downtown Scranton over the next three years. Its operations are housed in a 14,000 square-foot office space in the Bank Towers Building in downtown Scranton. The company has committed to an investment of at least $300,000 at its new site.
“Over the next few years, how doctors are paid will rely on their ability to control costs and produce better outcomes across a population,” said Drew Kearney, co-founder and chief executive officer of Signallamp Health. “To meet this significant shift in healthcare’s economic model, Signallamp partners with providers to bring additional clinical capacity that enables physicians to address the needs of a larger number of patients outside the office setting. This collaborative effort results in greater patient involvement in their own healthcare, better clinical outcomes, increased patient satisfaction and higher provider revenue.” Since Signallamp Health’s launch this spring, the company has also added an additional product for transitional care management and has launched its proprietary information technology platform.
“Events like today are writing the pages to Pennsylvania’s success story,” said Sheri Collins, the Pennsylvania Department of Community and Economic Development’s Deputy Secretary of Technology and Innovation. “Through collaboration, and the advancement of startups, innovative thinking companies like Signallamp Health are bringing new jobs and a boost to the Scranton area.”
The Signallamp Health project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania, in collaboration with the Greater Scranton Chamber of Commerce , Ben Franklin Technology Partners of NEPA and the Lackawanna County Office of Planning and Economic Development.
“The location of Signallamp Health and the creation of more than 60 family sustaining jobs within the central business district of Scranton is a testament to the growth of the healthcare sector locally – the platform upon which Scranton’s Community Revitalization Plan was structured, said Bob Durkin, president, The Greater Scranton Chamber of Commerce. “We are pleased to have worked with this team of bright, young entrepreneurs in their successful launch, which is both a personal success for the partners and a big win for the community.”