A proposed $2.55 billion life sciences hub would jumpstart healthcare innovation in New York, said Michael Dowling, president and CEO of New Hyde Park, N.Y.-based Northwell Health.
Innovation
TGH Innoventures, the technology and innovation arm of Tampa (Fla.) General Hospital, launched with $15 million in seed funding and is looking to invest in two more startups by the end of 2022, the Business Observer reported Nov. 2.
Columbia, Md.-based MedStar Health is partnering with artificial intelligence company Zephyr AI to further develop Zephyr's predictive analytics technology for chronically ill patients.
Cleveland Clinic and Okinawa (Japan) Institute of Science and Technology have developed a partnership to boost global healthcare innovation.
Ochsner Ventures, the venture capital arm of New Orleans-based Ochsner Health, invests in emerging companies, helps develop businesses, and collaborates with partners around the country that have a common aim of improving healthcare.
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Researchers at the Humana Integrated Health Systems Science Institute and the University of Houston have created an artificial intelligence-powered tool that helps predict which patients are at risk of diabetes complications.
Bain Capital Life Science led a $250 million series D funding round for biotechnology company Emalex Biosciences.
Galen Robotics, a company based on technology commercialized from Baltimore-based Johns Hopkins University, has raised $15 million in an oversubscribed series A funding round.
Hospitals are using artificial intelligence to improve health outcomes, produce predictive clinical insights and improve patient care. Here are five artificial intelligence projects health systems have recently created and deployed as reported by Becker's Hospital Review since Oct. 19:
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.