The two organizations, both located in Columbia, S.C., will work together to research and develop innovative healthcare delivery models, new medical devices, digital health applications and unique treatments for diseases.
“Physicians will get ideas out of their heads and into the marketplace,” Bill Kirkland, executive director of the university’ office of economic engagement, told the publication.
Under the deal, Prisma Health will have access to the university’s connections, business incubator and experience in winning intellectual property patents.
The partnership was approved by the university’s board of trustees last week.
More articles on leadership and management:
Former hospital CEO: To make progress on healthcare, let’s change the debate
Arkansas Medicaid work rules rejected by appeals court
Hospitals, industry heavyweights denounce Medicaid reporting proposal
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.