Providence Ventures, the Venture capital arm of Providence St. Joseph Health (PSJH) has announced a second $150 million healthcare venture capital and growth equity fund. Founded in 2014, Providence Ventures manages $300 million in venture capital funds on behalf of Providence St. Joseph Health (PSJH), the nation's third-largest health system. Providence Ventures Second Health Fund Focus AreasProvidence Venture's investment strategy is focused on identifying the best opportunities that align
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LSU Health New Orleans Joins Vantedge Ventures to Support Physician-Led Innovation
LSU Health New Orleans announced that it has joined Vantedge Venture's Innovation Alliance (VIA), a collective of health systems seeking to innovate and create physician-led innovation developed by their network of clinicians and physicians. The Alliance will help LSU Health New Orleans Office of Technology Management vet and validate the commercial viability of inventions of LSU Health New Orleans clinical physician-scientists. As part of the alliance, Vantedge Ventures Fund will work with
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Novo Nordisk Launches the Innovation Challenge Focused on Diabetes Management
Novo Nordisk, a global leader in the diabetes space, is seizing the opportunity to advance care and leverage digital health technology through the Novo Nordisk Innovation Challenge. With support from MATTER, a prominent incubator and innovation hub, Novo Nordisk is challenging start-ups, researchers, entrepreneurs, and students to explore, design; and co-develop digital health solutions for the more than 400 million people living with diabetes worldwide.The first phase of the challenge is
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Cigna Launches $250M Healthcare Innovation Fund Focused on Early and Growth Stage Startups
Today, global health service company Cigna announced the launch of Cigna Ventures, a corporate venture fund to invest in emerging companies driving transformation and innovation in health care. Cigna Ventures is launching with $250M in capital to invest in both early and growth stage startups dedicated to unlocking growth opportunities in healthcare across three strategic areas:- Insights and Analytics: Risk Assessment, Network Optimization, and Patient Care Plan- Digital Health and Retail:
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Anthem, Samsung, American Well Partner to Provide Plan Members Access to Telehealth Services
Collaboration leverages both Samsung Health and American Well apps to easily connect consumers to high-quality telehealth servicesSamsung, Anthem, and American Well, today announced a new partnership to provide consumers access to a broad array of telehealth services through the Samsung Health app and American Well’s LiveHealth Online app. Starting today, consumers with an Anthem-affiliated health plan and the updated Samsung Health app on their Samsung Galaxy device can now access LiveHealth
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Hackensack Invests in Home Care Robot, Pillo Through $25M Innovation Fund
Hackensack Meridian Health, today announced it has invested in Pillo, an AI-powered home care robot companion that empowers patients to better manage their health at home, connecting them to caregivers and family members. The investment marks the first product funded through Hackensack Meridian Health’s $25 million innovation program to support the improvement of health care delivery. The health network’s novel incubator has vetted many products and strategies to streamline care delivery, reduce
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UCHealth to Create Healthcare Innovation Hub in Denver to Transform Healthcare Delivery
UCHealth’s innovation team, today announced it will develop a healthcare innovation hub in Denver that will leverage brilliant minds both inside and outside the health system – to help transform health care delivery of the future. The new healthcare innovation hub will be housed at the Catalyst Health-Tech Innovation building in Denver’s River North District (RiNo) as one of the facility’s largest tenants.The hub will bring together more than 70 organizations that will all work together in a
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Boomtown, COPIC Launch Patient Safety HealthTech Startup Accelerator
Boulder, CO-based startup accelerator Boomtown and COPIC, a medical liability insurance provider recognized for its innovative patient safety and risk management, have announced a multi-year agreement to launch the Patient Safety HealthTech Startup Accelerator. The Boomtown Patient Safety Health Tech Accelerator will supports innovations in patient safety and risk management and is seeking startups empower consumers, increase efficiency, and improve outcomes for patients and providers
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HHS Launches KidneyX to Drive Innovation in Kidney Disease Treatment
The U.S. Department of Health and Human Services (HHS) is teaming up with American Society of Nephrology to launch the Kidney Innovation Accelerator (KidneyX), a a public-private partnership to accelerate innovation in the prevention, diagnosis, and treatment of kidney diseases. KidneyX will engage a community of researchers, innovators, and investors to enable and accelerate the commercialization of therapies to benefit people with and at risk for kidney diseases through a series of prize
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Children’s Hospital Los Angeles Names First-Ever Chief Innovation Officer
Children's Hospital Los Angeles has appointed Omkar P. Kulkarni as the hospital's first chief innovation officer to help drive clinical innovation at one of the nation's top pediatric institutions, starting May 7. In his new role, Kulkarni will be responsible for fostering innovation across CHLA's clinical and research enterprises – including finding successful new methods of care, incubating new medical tools and software, and rallying communities in and out of the hospital to solve problems
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