How 6 hospitals are spending innovation investment dollars: Bon Secours Mercy Health, ChristianaCare & more

Here are six 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:

  • Renton, Wash.-based Providence's venture arm and Wilmington, Del.-based ChristianaCare participated in an $18 million Series A funding round for Twistle, an automated patient communication platform.
  • Texas Children's invested in the U.S. Olympic and Paralympic Committee's Technology and Innovation Fund to support pediatric medical innovation; the Houston-based hospital was also named the official pediatric medicine provider for Team USA athletes.
  • Data analytics startup Socially Determined closed an $11.1 million funding round with participation from Lafayette (La.) General Health, which joined previously announced investors OSF Ventures, the investment arm of Peoria, Ill.-based OSF HealthCare, and Toledo, Ohio-based ProMedica.
  • OSF HealthCare also joined a $17 million funding round for existing partner Health Scholars, a cloud-based virtual reality platform offering clinical training programs.
  • Cincinnati-based Bon Secours Mercy Health formed a partnership with Lirio, a startup developing an artificial intelligence-powered behavior change platform; Bon Secours Mercy Health launched the collaboration with a direct investment of an undisclosed amount in the startup.

More articles on innovation:
Molina Healthcare opens social determinants-focused innovation center
What hospitals can learn from Airbnb to promote innovation: Dr. John Halmaka discusses
The key to sustainable innovation from Providence Digital Innovation Group's Sara Vaezy

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