Tampa General Hospital has joined the growing list of health systems with an innovation hub and venture capital fund. It has announced the creation of a venture capital fund dedicated to driving a culture of innovation across Tampa General through the support of early-stage startups and direct investments. Tampa General Hospital is a 1,006-bed nonprofit [...]
The hospital is introducing a 13-week pediatric digital health accelerator program, dubbed KidsX, which will link more than 30 hospitals across the US, the UK, and Australia with companies focused on cultivating pediatric digital health innovations. As part of the program, hospitals will present problems and challenges to the startup community and work with digital health companies [...]
Over the past four months, UPMC has continued to invest in technologies and innovations for healthcare delivery despite financial pressures related to the pandemic. On Aug. 26, the health system revealed more details about two key innovation initiatives in its second-quarter financial results. During the first half of 2020, the health system reported $59 million in operating income and [...]
The American Hospital Association announced Nov. 13 the final closing of the AHA Innovation Development Fund, which provides financial and technical support to innovative healthcare startups. The $50 million fund is sponsored and managed by Concord Health Partners. Beyond just financial return, the AHA Fund's goals include advancing promising healthcare technologies and solutions, creating venture opportunities for [...]
Peoria, Ill.-based OSF HealthCare's venture arm participated in a $7.3 million funding round for Socially Determined, a startup using data analytics to identify patients in need of social services and other resources, OSF Ventures announced Oct. 28. Socially Determined's analytics and machine learning tools are fed commercial and government data and information from insurers and health systems. [...]
Partners HealthCare has created two new investment funds to support innovation in the realms of artificial intelligence, digital technology and pre-clinical life sciences, the Boston-based health system announced Oct. 21. The Artificial Intelligence and Digital Translation Fund boasts initial funding of $30 million over five years. It will be used to back Partners' active vendor [...]
A gene therapy that relieves pain; a device to diagnose ear infections in children; a virtual reality microscope that allows doctors to see 95% more of a cancer cell. These are just some of the state-of-the-art medical advances, currently under development, that were featured by 24 startup companies this week at the sixth annual Innovation Showcase, [...]
When Connecticut Children’s Medical Center is wooing high-profile hires, candidates often ask about how the job will help them pursue cutting-edge medical research and innovations. “The people we want to attract here have this in their DNA,” said Dr. Christine Finck, surgeon-in-chief at the 187-bed hospital. “What are you going to do with my ideas?” [...]
The HealthTech Arkansas accelerator program announced its new cohort of six early-stage healthcare companies chosen to launch pilot projects at nine area hospitals and health systems. Throughout the program, each selected startup will receive seed funding from investors such as the Arkansas Economic Development Commission, as well as access to and guidance from clinicians and administrators at [...]
OSF Ventures, the corporate investment arm of OSF HealthCare, has launched a second venture capital fund of $75 million to continue its strategy of supporting new technology, devices and services that offer improved and more cost efficient health care. Three and a half years following its first investment, OSF Ventures has directly invested in 15 companies and [...]