Toledo, Ohio-based ProMedica Innovations supports more than 56,000 employees to pursue novel ideas. To date, the innovation program has created 70-plus new jobs regionally, attracted $50 million in venture capital, created four companies, provided ongoing resources to more than eight companies, issued seven patents and applied for another 23 patents.
Since growing from 17,000 employees, ProMedica Innovations has spearheaded various initiatives with direction from senior leadership. In one example, the innovation team identified artificial intelligence-based companies to help reduce medical spending with the intent of implementing those solutions in the near future.
The innovation program is also focused on positively influencing rural areas. ProMedica Innovation’s partners program has awarded three companies in rural areas with funds to create sustainable economic development.
ProMedica also created a venture capital arm that oversees and administers the investment portfolio, which includes startup companies. Through this program, the venture team has formed strategic partnerships with other tech and life science venture capital firms.
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Becker's is seeking great speakers for the 2020 health IT, innovation and revenue cycle management events. Email Sofie Lenzen at slenzen@beckershealthcare.com to learn more about speaking opportunities.
Join us for the Becker's Hospital Review 3rd Annual Health IT + Clinical Leadership + Pharmacy Conference, May 19-21, 2020 in Chicago. Topics include artificial intelligence, telehealth, data analytics, clinician burnout, population health, pharmaceutical care and more. Learn more and register here. For more information about exhibitor and sponsorship opportunities, contact Maggie Dunne at events@beckershealthcare.com.