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 [...]
At the inaugural MedCity INVEST Pop Health conference in New Orleans on May 22, West Des Moines, Iowa-based UnityPoint Health announced that it has launched a $100 million venture fund. UnityPoint is a network of hospitals, clinics and home care services in Iowa, Illinois and Wisconsin. According to the UnityPoint Health Ventures website, the fund will make investments [...]
Minnesota-based health system Mayo Clinic selected six auspicious digital health startups for its MedTech Accelerator — a joint venture with Arizona State University for companies that raised at least$500,000 in seed funding rounds. Business Insider Intelligence The accelerator aids early stage medical device and healthcare tech startups raring to polish their products and bring them to commercial success. [...]