Where hospitals are spending their innovation dollars Leave a comment

Hospitals and health systems have been busy joining innovation consortiums, opening research centers and investing in promising startups.

Here are 17 health system innovation moves since Nov. 16:

1. Tampa, Fla.-based Moffitt Cancer Center said Dec. 15 it plans to build a 775-acre global innovation center in the hopes of preventing and curing cancer worldwide. The initial clinical and research investment will be approximately $800 million.

2. Portland-based MaineHealth said Dec. 15 it’s investing $500,000 in a program to launch health tech innovators in partnership with Brewer, Maine-based Northern Light Health and the Roux Institute at Northeastern University in Portland.

3. Sacramento, Calif.-based UC Davis Health introduced a remote COPD monitoring program Dec. 14 for patients with the chronic lung disease.

4. Nashville, Tenn.-based Ardent Health Services partnered Dec. 13 with software company Care.ai to implement the company’s Virtual Nursing platform at Albuquerque, N.M.-based Lovelace Medical Center.

5. Chicago-based CommonSpirit Health launched the Lloyd H. Dean Institute for Humankindness & Health Justice on Dec. 9 to research how kindness and empathy in healthcare settings can improve outcomes in diverse populations.

6. EyeKnow, an Israeli startup that uses artificial intelligence to reduce workplace violence, won a $75,000 nursing care challenge Dec. 8 that enables it to develop its solution and enter the U.S. market with the help of Detroit-based Henry Ford Health.

7. OSF Ventures, the venture capital arm of Peoria, Ill.-based OSF HealthCare, and UnityPoint Ventures, the venture arm of West Des Moines, Iowa-based UnityPoint Health, participated in a $15.1 million series A financing round Dec. 8 for Cardiosense, a digital health company working to detect heart disease earlier.

8. Mayo Clinic Ventures is among the investors in a $5.4 million funding round launching virtual fertility startup Turtle Health into eight states, a company spokesperson emailed Becker’s for a Dec. 8 story.

9. OSF HealthCare and Chicago’s Insight Hospital & Medical Center joined the Chicago ARC collaborative Dec. 7 that aims to make healthcare more equitable through innovation.

10. Marlton, N.J.-based Virtua Health expanded its hospital-at-home program to all five of its hospitals Dec. 7.

11. Hartford (Conn.) HealthCare joined forces Dec. 6 with venture capital firm Connecticut Innovations to help launch healthcare startups.

12. Urbana, Ill.-based Carle Health partnered Dec. 5 with data and analytics technology company Health Catalyst to further advance its innovative analytics capabilities.

13. Cancer Focus Fund, a venture capital arm of Houston-based University of Texas MD Anderson Cancer Center, joined a $25 million series A funding round Nov. 30 for Nectin Therapeutics, which develops novel immunotherapies.

14. TGH Innoventures, Tampa (Fla.) General Hospital’s innovation center and venture fund, participated in a $27 million financing round Nov. 29 for Medical Informatics Corp., a virtual care and analytics company.

15. University of Alabama at Birmingham and University of Mississippi Medical Center in Jackson launched a remote monitoring program for diabetes patients Nov. 22.

16. Hartford HealthCare partnered Nov. 17 with Google Cloud on data-powered projects to improve health equity, patient flow and value-based care across the health system.

17. Munster, Ind.-based Community Healthcare System won the 2022 Aspire Innovation Award from Ultimate Kronos Group on Nov. 16 for its use of Dimensions employee self-scheduling technology.

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