How 7 hospitals are spending innovation investment dollars: Partners, Kaiser Permanente & more

Several hospitals and health systems have launched innovation funds and used existing funds to invest in innovative startups in recent months.

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

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