Hospitals and health systems continue to make sizable investments in innovation — in the form of new research and development centers, training facilities and partnerships with other healthcare organizations, to name a few.
Here, in chronological order, are seven ways hospitals expanded their innovation efforts throughout the month of July.
1. Renton, Wash.-based Providence St. Joseph Health announced plans to build a "hospital of the future" in the Seattle area with partner Microsoft.
2. Greenville, S.C.-based Prisma Health and Clemson University partnered to create a new Innovation Maturation Fund, investing up to $200,000 per year in research grants to advance healthcare innovation in South Carolina.
3. The University of Missouri System and MU Health Care, both based in Columbia, partnered with Siemens Healthineers to form the Alliance for Precision Health, focused on accelerating healthcare delivery, education and workforce development, healthcare innovation and research and collaboration.
4. Fountain Hill, Pa.-based St. Luke's debuted a $382,000 mobile medical simulation center: a 34-foot-long truck filled with equipment and technology typical of a traditional hospital room.
5. LifeBridge Health in Baltimore opened a virtual hospital at Sinai Hospital of Baltimore, combining the use of a clinical command center, telemedicine services and international clinical call centers.
6. Peoria, Ill.-based OSF HealthCare's corporate investment arm launched its second venture capital fund, totaling $75 million.
7. The American Hospital Association Center for Health Innovation chose NewYork-Presbyterian in New York City, Henry Ford Health System in Detroit and Children's Hospital Los Angeles as the winners of its annual innovation challenge.
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