Here are 7 healthcare providers that have distributed innovation funds in the past two months, beginning with the most recent:
1. Long Beach, Calif.-based MemorialCare’s Innovation Fund co-led a $16 million Series A investment in Twistle, a startup offering automated communication, information-gathering and patient education services to healthcare organizations.
2. The venture arm of Peoria, Ill.-based OSF HealthCare participated in a $7.3 million funding round for startup Socially Determined, which uses data analytics to match patients with social services and other resources.
3. Partners HealthCare in Boston funneled $80 million into two new investment funds: a $30 million Artificial Intelligence and Digital Translation Fund and a $50 million Translational Innovation Fund.
4. Oakland, Calif.-based Kaiser Permanente and Renton, Wash.-based Providence Ventures both contributed to a $73 million funding round to support the expansion of startup Omada Health’s digital care platform for diabetes and hypertension.
5. Mayo Clinic in Rochester, Minn., joined a $20 million Series B funding round for Eko, a startup developing AI technology for heart disease screening, telehealth and remote patient monitoring.
6. Bothell-based Molina Healthcare of Washington launched the Molina Community Innovation Fund, a three-year, $3 million initiative dedicated to investing in nonprofit organizations to improve healthcare on a local level.
More articles on innovation:
Why US innovation is slowing down
Cone Health launches ‘innovation sandbox’
Harvard and MIT partner with Boston-area hospitals to create bioscience innovation center
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.