How 7 hospitals are spending innovation investment dollars: UPMC, Providence & more

Here are seven hospitals and health systems that have distributed innovation funds — to startups, internal projects and venture funds — in the last two weeks, beginning with the most recent:

1. UPMC Enterprises, the innovation, commercialization and venture capital arm of Pittsburgh-based UPMC, allotted $1 billion for the development of new life sciences drugs, diagnostics and devices.

2. Kaizen Health, a platform for scheduling nonemergency medical transportation, closed a Series B funding round led by Des Moines, Iowa-based UnityPoint Health's $100 million innovation fund.

3. Renton, Wash.-based Providence's venture arm joined a $42 million Series D funding round for search and scheduling software startup Kyruus, in which Providence Ventures had previously invested.

4. Mayo Clinic's innovation commercialization arm participated in a $60 million funding round for artificial intelligence software startup Nference, with which the Rochester, Minn.-based health system also recently partnered to launch a clinical data analytics platform.

5. Pieces Technologies, a startup using AI and data analytics to connect healthcare providers and social services organizations, raised $25.7 million in a Series B funding round that included contributions from Peoria, Ill.-based OSF HealthCare and Dallas-based Children's Health.

6. Los Angeles-based Cedars-Sinai Medical Center joined the $1.5 million funding for Clinician Nexus, an online platform facilitating clinical rotation management for health systems, medical schools and students, previously a participant in the Cedars-Sinai Accelerator program.

More articles on innovation:
New AMA hub connects healthcare startups, physician-innovators
5 things that can sink hospital innovation efforts
Moffitt Cancer Center's 1st chief digital innovation officer: Don't forget about the people behind the innovation

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