Dr. Janet Wormack is the New CFO and COO of The Steve Fund

Since women are both the primary producers and consumers of mental health services, it’s heartening to see women being elevated into positions of leadership and influence in this arena.

Dr. Janet Wormack, new Chief Financial and Operations Officer at The Steve Fund. (Image credit: The Steve Fund)

The Steve Fund announced the appointment of Dr. Janet Wormack as the organization’s new Chief Financial and Operations Officer. The Steve Fund is a leading nonprofit organization focused on promoting the mental health and emotional well-being of young people of color.

“Dr. Janet Wormack brings a wealth of experience in public and higher education administration to The Steve Fund,” said David McGhee, CEO of The Steve Fund. 

“I am honored to join an organization that is closely aligned with my core values and dedicated to advancing the mental health and well-being of young people of color,” said Dr. Janet Wormack, incoming Chief Financial and Operations Officer of The Steve Fund. “I am excited to collaborate with the team to implement effective strategies and initiatives that will make a tangible difference in the lives of those we serve.”

The Steve Fund works with young people, families, colleges and universities, mental health experts, nonprofits, researchers, and employers to promote programs and strategies that build understanding and assistance for the mental and emotional health of the nation’s young people of color. The organization strives to help young people transition from adolescence into higher education and into the workforce to attain personal, academic, and career success and achieve their full potential. 

With a deep background in financial management and operations experience in public and higher education administration, she is dedicated to ensuring that all students and people of color can pursue their educational and career goals by removing mental health barriers.

Learn more about The Steve Fund at stevefund.org.

One: If You Have a Woman Doctor, Chances are You Will Live Longer

A very recent study published in the Annals of Internal Medicine has shown that people treated by female physicians tend to live longer than those treated by men. The results are similar, whether the patients are women or men.  The study also shows that hospital readmissions are lower for patients with a physician who is a woman.

The study included the following results:

  • The research suggests that men and women have better outcomes when they are treated by a female physician
  • The study adds to a growing body of research that patients consistently do better when they are under the care of a female physician.
  • Experts say male physicians should consider the findings of the study and reflect on how they might improve their own practice.

Researchers found a clinically significant difference in outcomes for people depending on the gender of their treating physician.

“What our findings indicate is that female and male physicians practice medicine differently, and these differences have a meaningful impact on patients’ health outcomes,” Dr. Yusuke Tsugawa, said in a press statement.

Dr Tsugawa is a senior author of the study and an associate professor-in-residence of medicine in the division of General Internal Medicine and Health Services Research at the David Geffen School of Medicine at the University of California Los Angeles, 

There are a number of potential reasons for the difference in outcomes between female and male physicians.

“We know that there are differences in care delivery patterns by male versus female physicians across fields of medicine. Female physicians spend more time with patients and spend more time engaging in shared medical decision making and partnership discussions than male counterparts,” Dr. Lisa Rotenstein, a co-author of the study and an assistant professor and medical director at the University of California San Francisco, told Medical News Today.

To read the full press release:



Two: Women Succeed: Hypatia Fund Continues to Outperform 

At the risk of repeating myself, it’s time to revisit the success story that is Hypatia Capital. As we reported on 7/28/23:

On the face of it, Hypatia Capital is an investment firm. However, the first two sentences of the mission statement very clearly indicate it is much more than that. It is an idea supported by concrete proof. Hypatia has created an ETF called WCEO. As the mission statement says:

“Hypatia Capital is an asset management firm focused on sponsoring female CEOs and investors.  Our network of CEO-Level women, asset managers, and public board member network is our collaborative platform.

The Hypatia Women CEO Index (HWCEO) is designed to measure the performance of female leadership in publicly traded companies.”

Hypatia Capital recently announced that the  Hypatia Women CEO Index  fund continues its market-beating performance. As of the end of Quarter 1, 2024 on March 31, 2024, Hypatia Capital has again outperformed its benchmark, the Wilshire US Small Cap Index. 

The performance of Hypatia Capital is shown by the blue line. It has outperformed the Wilshire Small Cap since December 2020. 

Unfortunately, it’s an old adage that for a woman to get half as far as a man, she has to be twice as good. This adage has found concrete evidence that the old saying is true. 

According to McKinsey, women face well-documented additional barriers in today’s workplace. As a result, those few women who do rise to the highest executive ranks, by definition, must possess additional leadership and performance characteristics versus the average executive, predominantly male, who did not face the same barriers. 

Hard work and talent are crucial to success. Knowing that the deck is stacked against you can bring out the best in a person. 

About Hypatia Capital

Hypatia Capital Group, founded in 2007, is an asset management firm focused on female CEOs and balanced management teams.

Hypatia Capital’s CEO-level female executive network includes over 1000 business leaders. For over a decade, Hypatia Capital has hosted the Private Equity CEO Roadmap Seminar, focused on providing the knowledge and contacts for senior female executives to navigate the private equity environment.

Through its vehicle Hypatia Invests, Hypatia Capital focuses on educating the general public on female focused investing opportunities in all asset classes.

Please visit www.hypatiacapital.com for more information.

Three: A Platform That Helps Women-Led Startups Raise Funding

As demonstrated above, there is plenty of evidence that women-led start-ups outperform their respective benchmarks. And yet, according to Carta’s annual equity report (paywall) in 2023,  women-led startups raised only 2.8% of all venture capital funding.  

Angel investor Nicky Newfield wants to change that in 2024. To raise that number significantly, Newfield, who also founded Arc Impact, has now founded Impact Nation, a groundbreaking platform connecting entrepreneurs who are focused on results, with partners who share similar goals.

Equality is one of the social goals that Impact Nation targets. At the moment, the platform highlights Impact.51, a women’s health startup studio striving for systemic change in women’s health through needs-matched innovation, and Nevia Bio, a company harnessing science and technology to develop early detection tests to rewrite the story of women’s health. 

The idea for the new platform came about when Newfield observed a critical gap in entrepreneurs’ ability to use effective communication skills to gain the interest of potential partners. She founded Impact Nation by collaborating with media veterans to capture compelling stories. Her team consistently films in the field, advocating for impact-driven companies, including women-led and equality-focused companies, leveraging storytelling to drive tangible business outcomes and promote positive and urgent global change.

 To visit the websites for Arc Impact and Impact Nation, use the links below:

Arc Impact

Impact Nation

Four: Black Girls Code Founder Kimberly Bryant Joins Material Change Institute

The push to get women and girls into leadership roles has produced solid gains, but obstacles remain. Although Black women are the fastest growing demographic of entrepreneurs in the U.S., recent research shows that they still only receive a fraction of VC-funding. 

Kimberly Bryant,  visionary and founder of Black Girls Code and ASCEND Ventures, has been working to bring more women and girls of color into the STEM field. Kimberly has expanded her vision and hopes to change the funding environment available to women of color with the help of Material Change Institute.  Her goal is to change the investor landscape by increasing the amount of investment money directed toward underserved people and communities.

The Material Change Fellowship is a 12-month integrated, comprehensive executive program that prepares diverse business professionals for leadership roles in investment. 

Kimberly has joined the third cohort of Material Change Institute fellows. The Material Change Fellowship supports multiple pathways to increased influence in the fellow’s chosen role. This includes plans to transition from an operator to investor role, launch a new fund, or reach some other milestone as an investor journey. 

As a Fellow, Kimberly will undertake a year-long comprehensive program to help strengthen the capital markets with more equal representation and equal access for all. Material Change is helping underrepresented investors like Kimberley achieve influence within the asset management industry, through virtual learning, mentorships, paid internships and incubator experiences.   

To read more about Black Girls Code and ASCEND, please visit the websites:

Black Girls Code 


To read more about the Material Change Institute, please visit the website:

Material Change Institute 

Five: Alliance for Positive Change Receives Federal Grant

Alliance for Positive Change has been awarded a federal grant for its new Accessing Options for Opioid Management (Options) program. The money will facilitate access to trauma-informed harm reduction and substance use treatment for women living in New York City. 

Alliance for Change is a leading nonprofit that provides low-income New Yorkers living with HIV/AIDS and other chronic conditions with access to quality health care, housing, and harm reduction.  Options provides supportive services for low-income cisgender and transgender women to navigate systemic inequities to health and well-being. By creating a safe space for women to receive support and resources to treat underlying trauma, depression, stigma, and substance use.

US Senator Kirsten Gillibrand and US Senator Charles Schumer secured this congressionally directed spending allocation. 

“We are grateful to Senator Schumer and Senator Gillibrand for investing in community-based organizations and allocating funding to advance health equity in New York,” said Brenda Starks-Ross, Alliance’s Deputy Executive Director and COO. “With this funding, Alliance will significantly expand our programming for women to explore options for harm reduction and substance use treatment in a safe, welcoming space. In the face of the overdose crisis, we advocate for the dignity, health, and safety of every individual’s chosen pathway to positive change.”

“All New Yorkers deserve to have access to medical, behavioral health and trauma-informed services,” said Senator Gillibrand. “This investment in the Alliance for Positive Change Options program will advance health equity and provide women in New York City with expanded options for harm reduction and substance use treatment. I am proud to deliver this funding and will continue to fight for federal resources to improve health outcomes for all New Yorkers.”

The funding is especially important as overdose deaths in New York city continue to rise. The Options program will address this trend by providing New Yorkers who use drugs with health care, connection to Medication-Assisted Treatment (MAT), recovery support, Peer counseling, and other vital services.

To read the full press release, please follow the link below:


To visit the website, please use this link:

Alliance for Positive Change


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