Advertisement

Innovation

Hospital and health system venture capital arms help provide financial investment and resources to startups. These companies may generate additional revenue for the health system if they are successful.

New Hyde Park, N.Y.-based Northwell Health has a venture capital arm that invests in innovative early-stage companies, develops and commercializes internal innovations, and brings new products and medical devices to market.

Advertisement

Northwell Holdings, the investment arm of New Hyde Park, N.Y.-based Northwell Health, has invested $3 million in communication research lab and technology company Hume AI. 

Intermountain Delta (Utah) Community Hospital has rolled out GI Genius, an artificial intelligence tool used to detect cancer, according to Sept. 28 reporting in KUTV.

Pharmaceutical company Qnovia has raised $17 million in series A funding.

Advertisement