What You Should Know:
– Ochsner Ventures, the investment arm of Ochsner Health has announced the creation of the Ochsner Louisiana Innovation Fund.
– This $10M fund will invest in early-stage health and health-adjacent companies based in or with strong ties to Louisiana. The initiative is a collaborative effort between Ochsner Health and the Louisiana Economic Development (LED) agency, leveraging the State Small Business Credit Initiative (SSBCI).
Focus on Improving Healthcare for Louisianans
The fund aims to identify and support innovative companies that can enhance the health and well-being of Louisiana residents. Priority will be given to businesses that align with Ochsner Health’s strategic goals, including:
- Accelerating value-based care: Implementing models that prioritize patient outcomes and cost-efficiency.
- Digital transformation: Leveraging technology to improve care delivery and patient experience.
- Expanding access and community health: Addressing healthcare disparities and improving overall population health.
The fund will also prioritize investments in companies founded by individuals from socially and economically disadvantaged backgrounds. Portfolio companies will benefit from mentorship and guidance from top-tier clinicians and healthcare management professionals within Ochsner Health. This strategic initiative underscores Ochsner Health’s commitment to fostering innovation and improving healthcare delivery in Louisiana. By investing in early-stage companies, Ochsner aims to create a thriving health tech ecosystem that benefits both patients and the state’s economy.
Building a Strong Health Tech Ecosystem
Ochsner Health has a proven track record of supporting the Louisiana health tech ecosystem, having invested $12M in nine early-stage companies over the past six years. These companies have created over 235 jobs and contribute to the state’s economic growth.
Nest Health: First Investment
The Ochsner Louisiana Innovation Fund’s inaugural investment is in Nest Health, a New Orleans-based company providing comprehensive care for families. Founded by Dr. Rebekah Gee and Rebecca Kavoussi, Nest Health offers in-home, virtual, and 24/7 support, catering to the needs of Medicaid-covered families.
“The Ochsner Louisiana Innovation Fund is one of the many ways we’re inspiring healthier lives and building stronger communities,” said Pete November, CEO of Ochsner Health. “Supporting Louisiana entrepreneurs who are developing innovative programs, services and technologies furthers our commitment to improve the health of the state and drives economic development and opportunity. We’re grateful to Governor Jeff Landry and LED Secretary Susan Bourgeois for their leadership and are excited to work alongside them to grow jobs in the state.”
