/ en Tue, 29 Apr 2025 04:14:49 -0500 Mon, 27 Nov 23 09:35:51 -0600 /aha-center-health-innovation-market-scan/2023-12-04-evening-playing-field-health-equity-investing <div class="container"> <div class="row"> <div class="col-md-8"> <p><img alt="Evening the Playing Field in Health Equity Investing" src="/sites/default/files/2023-11/Health_Equity_Investing_590x327.png"></p> <h2><span>Venture Capital Firms Expand Opportunities for Underrepresented Startups</span></h2> <p>The venture capital (VC) field has been among the least diverse in finance, and studies have shown that this contributes to the lack of capital available to health care startups run by Blacks, Hispanics, Asians, women and other underrepresented groups. Results from the most recent survey conducted in 2022 by Deloitte and its partners show that the VC industry has made “significant but somewhat inconsistent progress” in increasing its gender, racial and ethnic diversity since 2016. Regardless, it’s clear that much work remains to level the playing field in health care for startups led by underrepresented groups.</p> <p>Here’s a look at how three venture capital firms are making a difference and a snapshot of some entrepreneurs to whom they have provided opportunities to help transform health care while addressing health equity.</p> <h3>Jumpstart Nova: <span>Changing the status quo to support Black-led startups</span></h3> <p>Jumpstart Nova, an offshoot of Tennessee-based Jumpstart Health Investors, launched to the public in January 2022 after raising $55 million, blowing past a $30M initial target for its first fund and increasing the hard cap to $55 million. That offering generated huge interest among the press and innovators. The experience quickly gave the firm an indication of how much demand existed among Black health care entrepreneurs for the opportunities provided by the firm and its over 90 limited partners.</p> <h3>SteelSky Ventures: <span>Bringing equity to women’s health</span></h3> <p>SteelSky Ventures has a clear premise. The female-led venture capital firm is laser-focused on improving access, care and outcomes across women’s health. The fund, one of the world’s largest focused on women’s health, has provided investments to 16 companies in the consumer health, digital health, and medical device sectors, among others.</p> <h3>Seae Ventures: <span>Advancing equity through opportunity</span></h3> <p>Founded in 2019 by the former leaders at Zaffre Investments, the venture capital arm of Blue Cross Blue Shield of Massachusetts, Seae Ventures has seen steady success, launching a $107 million inaugural fund. The fund has more than 30 investors representing both health care payers and providers, financial services companies, endowments and foundations, and major US corporations.</p> </div> <div class="col-md-4"> <p><a href="/center" title="Visit the AHA Center for Health Innovation landing page."><img alt="AHA Center for Health Innovation logo" data-entity- data-entity-uuid="7ade6b12-de98-4d0b-965f-a7c99d9463c5" src="/sites/default/files/inline-images/logo-aha-innovation-center-color-sm.jpg" class="align-center"></a></p> <p><a href="/center/form/innovation-subscription"><img alt="Market Scan - Stay in the loop" src="/sites/default/files/2019-04/Market_Scan_Call_Out_360x300.png"></a></p> <a href="/system/files/media/file/2023/11/Health_Equity_Investment_Report_Evening-the-Playing-Field.pdf" target="_blank" title="Venture Capital Firms Expand Opportunities For Underrepresented Startup"><img alt="Venture Capital Firms Expand Opportunities For Underrepresented Startup" src="/sites/default/files/2023-11/Health_Equity_Investing_cover-200x260.png"> </a> <a class="btn btn-default" href="/system/files/media/file/2023/11/Health_Equity_Investment_Report_Evening-the-Playing-Field.pdf" target="_blank" title="Venture Capital Firms Expand Opportunities For Underrepresented Startup"> Download Report </a> </div> </div> </div> .field_featured_image { position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } .featured-image{ position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } Mon, 27 Nov 2023 09:35:51 -0600 Business Innovation /aha-center-health-innovation-market-scan/2023-06-20-understanding-keys-successful-innovation-investing <div class="container"> <div class="row"> <div class="col-md-8"> <p><img alt="Understanding the Keys to Successful Innovation Investing. A lightbulb with two electrons circling it on a field of a circuit board." data-entity-type="file" data-entity-uuid="a61e5631-c7ba-49af-9a5e-e013f5b8bed1" src="/sites/default/files/inline-images/Understanding-the-Keys-to-Successful-Innovation-Investing.png" width="620" height="381"></p> <p>Earlier this month, Houston-based Memorial Hermann Health System and Iowa-based UnityPoint Health invested a combined $5 million in clinical data startup Carta Healthcare.</p> <p>In November, Mass General Brigham and the CU Healthcare Innovation Fund participated in a Series B funding round for Carta Healthcare, which offers data abstraction and analytics and develops other solutions for health care providers.</p> <p>The investment amounts and the companies involved aren’t particularly noteworthy. Much larger investments are made all the time in dozens if not hundreds of digital health care startups, even in the relatively cool market we see now, which is weighed down by a tepid economy and high interest rates.</p> <h2>Moving from Tech Adopters to Investors</h2> <p><img alt="The Rise of Innovation Investing Among Health Care Organizations page 1." data-entity-type="file" data-entity-uuid="61045ca1-2b31-4cee-8850-dd83d4c7b512" src="/sites/default/files/inline-images/The-Rise-of-Innovation-Investing-Among-Health-Care-Organizations.jpg" width="400" height="518" class="align-left">These investments illustrate what has been happening in the field over the past decade as hospitals and health systems experience explosive innovation, particularly in digital technologies. Many provider organizations have become not only adopters of these technologies but also investors.</p> <p>A new report, <a href="/center/strategic-investment-in-health-care-innovation" target="_blank" title="Strategic Investment in Health Care Innovation Series landing page.">“The Rise of Innovation Investing Among Health Care Organizations,”</a> explores the channels organizations are using to invest in innovation, the roles of professional investors and what it takes to achieve success.</p> <p>This is the first of a four-part series from Concord Health Partners and the AHA Center for Health Innovation. Future reports will examine:</p> <ul> <li><strong>A private-equity primer for health care providers.</strong></li> <li><strong>Ingredients for success in health care investing.</strong></li> <li><strong>Growth-equity investing in health care.</strong></li> </ul> <p><a href="/system/files/media/file/2023/06/Concord_Investing_Part_1-Rise-of-Innovation.pdf" target="_blank" title="Strategic Investment in Health Care Innovation: Part 1 The rise of innovation investing among health care organizations PDF"><strong>Download the Report ></strong></a></p> </div> <div class="col-md-4"> <p><a href="/center" title="Visit the AHA Center for Health Innovation landing page."><img alt="AHA Center for Health Innovation logo" data-entity- data-entity-uuid="7ade6b12-de98-4d0b-965f-a7c99d9463c5" src="/sites/default/files/inline-images/logo-aha-innovation-center-color-sm.jpg" type="file" class="align-center"></a></p> <a href="/center/form/innovation-subscription"><img alt data-entity-type data-entity-uuid src="/sites/default/files/2019-04/Market_Scan_Call_Out_360x300.png"></a></div> </div> </div> .field_featured_image { position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } .featured-image{ position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } Tue, 20 Jun 2023 06:30:00 -0500 Business Innovation /aha-center-health-innovation-market-scan/2022-05-24-3-ways-explore-innovation-ahas-leadership <div class="container"> <div class="row"> <div class="col-md-8"> <p><img alt="3 Ways to Explore Innovation at AHA’s Leadership Summit. A speaker on stage at the AHA Leadership Summit." data-entity-type="file" data-entity-uuid="30071a4d-cb84-4917-86b0-f9695f83c236" src="/sites/default/files/inline-images/3-Ways-to-Explore-Innovation-at-AHAs-Leadership-Summit.jpg" width="620" height="381"></p> <p>Innovation and collaboration among hospitals and health systems didn’t stop during the pandemic, but much of it had to be done remotely. That’s about to change.</p> <p>For the first time in two years, health care leaders will soon get together in person at the <a href="https://leadershipsummit.aha.org/" target="_blank" title="���������� Association Leadership Summit homepage">AHA Leadership Summit</a> July 17-19 in San Diego to share transformational strategies and innovative approaches for delivering better care and greater value while gaining insights from companies at the forefront of practical and tactical innovations for health systems.</p> <p><strong>Health executives will explore what it takes to:</strong></p> <ul> <li>Ensure financial stability.</li> <li>Enhance public trust and confidence through operational excellence.</li> <li>Form creative partnerships.</li> <li>Redefine delivery systems.</li> <li>Respond successfully in periods of sustained crisis.</li> </ul> <h2>3 Essential Learning Opportunities</h2> <h3><span>1</span> <span>|</span> Learn where health-equity startups are heading.</h3> <p>As the field works to improve access, quality and affordability, the importance grows for ensuring that historically marginalized entrepreneurs have access to capital to develop innovative health care solutions. The AHA Summit’s Startup Showcase will feature quick-fire presentations from six early-stage companies that are developing novel health-equity solutions to address women’s health, diversity in health care leadership, clinical workforce management, telepsychiatry and patient engagement. The showcase will support the innovation efforts of AHA members while giving entrepreneurs the opportunity to share their solutions and answer questions from a panel of health system leaders.</p> <h3><span>2</span> <span>|</span> Take radical collaboration steps to fuel innovation.</h3> <p>Health care leaders will need to make a radical shift on collaboration, creativity and communication to drive innovation, advance strategy and improve outcomes in today’s disruptive environment. What will it take? Chinni Pulluru, M.D., senior director of clinical transformation, innovation and operations for Walmart Health, will join Stephen Klasko, M.D., former president and CEO of Jefferson Health in Philadelphia, and Tracy Duberman, founder and president of The Leadership Development Group, to explore this issue. After the panel discussion, participants will collaborate to generate a success profile for the radical new health care leader. The profile will be sent to participants after the conference along with strategies for embedding success profiles to advance, develop, retain and attract top talent.</p> <h3><span>3</span> <span>|</span> Drive transformation through data and partnerships.</h3> <p>Inspired by the pandemic and the need to collaborate to address some of health care’s most challenging problems, you’ll learn how 20 leading U.S. health systems with millions of patients came together to form Truveta. Collaborative members pool their de-identified data and leverage artificial intelligence to advance precision medicine and population health, address health equity and gain new funding for their missions by unlocking the power of data. Hear from leaders at Henry Ford Health System, Providence and Truveta CEO Terry Myerson.</p> <p><strong>Other Leadership Summit program highlights include:</strong></p> <ul> <li>Formalizing Innovation: A Journey to Hardwire a Culture of Design Thinking.</li> <li>Making the Move from Provider to Payer.</li> <li>Capital Investing to Accelerate Health Innovation.</li> <li>Leading for the Future During a Time of Crisis.</li> </ul> <p><span><strong>LEARN MORE:</strong></span> <em>Visit the <a href="https://leadershipsummit.aha.org/" target="_blank" title="���������� Association Leadership Summit homepage">AHA Leadership Summit website</a> to take advantage of early-bird discount <a href="https://leadershipsummit.aha.org/registration-ls" target="_blank" title="���������� Association Leadership Summit registration">registration</a> by June 15.</em></p> </div> <div class="col-md-4"> <p><a href="/center" title="Visit the AHA Center for Health Innovation landing page."><img alt="AHA Center for Health Innovation logo" data-entity- data-entity-uuid="7ade6b12-de98-4d0b-965f-a7c99d9463c5" src="/sites/default/files/inline-images/logo-aha-innovation-center-color-sm.jpg" type="file" class="align-center"></a></p> <a href="/center/form/innovation-subscription"><img alt data-entity-type data-entity-uuid src="/sites/default/files/2019-04/Market_Scan_Call_Out_360x300.png"></a></div> </div> </div> .field_featured_image { position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } .featured-image{ position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } Tue, 24 May 2022 06:30:00 -0500 Business Innovation /aha-center-health-innovation-market-scan/2022-03-22-3-ways-improve-odds-success-startups <div class="container"> <div class="row"> <div class="col-md-8"> <p><img alt="3 Ways to Improve Odds for Success with Startups. An image of two hands shaking made up of lines and points of light representing a strategic network." data-entity-type="file" data-entity-uuid="08065350-1365-48c5-8626-f547898bec72" src="/sites/default/files/inline-images/3%20-ways-to-improve-odds-for-success-with-startups.jpg" width="620" height="381"></p> <p>Strategic partnerships between health systems and startups can play a pivotal role in helping the field transform how care is delivered through digital innovation. These relationships, however, can be challenging for both sides to navigate.</p> <p>Developing a common understanding of issues to solve, creating a thorough and efficient system to arrive at go or no-go decisions, aligning goals and building trust are foundational to strong partnerships. Here are three key takeaways that senior health care leaders, venture fund managers and entrepreneurs shared at the recent <a href="https://www.viveevent.com/" target="_blank" title="ViVE 2022 homepage">ViVE conference</a> hosted by <a href="https://www.hlth.com/" target="_blank" title="HLTH homepage">HLTH</a> and the <a href="https://chimecentral.org/" target="_blank" title="The College of Healthcare Information Management Executives (CHIME) homepage">College of Healthcare Information Management Executives (CHIME)</a>.</p> <h2>1 <span>|</span> <span>Identify opportunities and make the case for partnerships.</span></h2> <p>When trying to address complex issues that no organization can solve individually, prospective partners must clearly define and develop a common understanding of the problem that they are coming together to solve, including:</p> <ul> <li><strong>Identify thorny challenges.</strong> This applies to such issues as reducing costs, making care more affordable or developing a credentialing solution for supply chain vendors, says <a href="https://www.viveevent.com/speakers/john-bass" target="_blank" title="ViVE 2022 John Bass speaker bio">John Bass</a>, founder and CEO, <a href="https://hashedhealth.com/" target="_blank" title="Hashed Health homepage">Hashed Health</a>, a Nashville-based health care software firm.</li> <li><strong>Choose a solution strategy.</strong> Once the problem is identified, health care leaders should carefully evaluate whether it is best to build a solution internally, purchase a solution or partner directly with a startup to co-design a solution, says <a href="https://www.viveevent.com/speakers/liz-rockett" target="_blank" title="ViVE 2022 Liz Rockett speaker bio">Liz Rockett</a>, managing director, <a href="https://www.kpventures.com/" target="_blank" title="Kaiser Permanente Ventures homepage">Kaiser Permanente Ventures</a>.</li> <li><strong>Define success.</strong> Evaluate what success will look like, urges <a href="https://www.viveevent.com/speakers/aimee-quirk" target="_blank" title="ViVE 2022 Aimee Quirk speaker bio">Aimee Quirk</a>, CEO at <a href="https://www.ochsner.org/ventures/" target="_blank" title="Ochsner Ventures landing page">Ochsner Ventures</a>. Assess available resources and identify what type of relationship is needed to fill those gaps.</li> </ul> <h2>2 <span>|</span> <span>Set yourself up to be a good partner.</span></h2> <p>Regardless of what type of relationship is developed, speakers suggested ways for health systems to be better partners, including:</p> <ul> <li><strong>Create clear pathways for entrepreneurs.</strong> With so many potential entry points for startups to begin conversations – senior leaders, innovation centers, those leading information and technology or consumer experience efforts – it is helpful to identify which is most efficient.</li> <li><strong>Streamline decision-making. </strong>Startups bemoaned how long it can take for health systems to commit to working with startups. Speakers stressed the need for health systems to evaluate the process and time it takes to analyze information, provide responses and ultimately arrive at a “yes,” “no,” or “no for right now.”</li> <li><strong>Be frank about partnership opportunities.</strong> Health system leaders often enjoy talking with and learning from entrepreneurs, but it’s important to be forthcoming about whether a partnership is realistic, noted <a href="https://www.viveevent.com/speakers/nick-dougherty" target="_blank" title="ViVE 2022 Nick Dougherty speaker bio">Nick Dougherty</a>, vice president, digital innovation, <a href="https://www.allwayshealthpartners.org/" target="_blank" title="AllWays Health Partners homepage">AllWays Health Partners</a>, a member of <a href="https://www.massgeneralbrigham.org/" target="_blank" title="Mass General Brigham homepage">Mass General Brigham</a>.</li> </ul> <h2>3 <span>|</span> <span>Build trust.</span></h2> <p>As with any relationship, trust is imperative when working with startups, and speakers shared how they build trust, including:</p> <ul> <li><strong>Transparency is key.</strong> Both health systems and startups can offer a road map for what will be needed to move the ball forward. Health systems can share the process and change-management components that must be met.</li> <li><strong>Align goals.</strong> Trust can be built by having each party lay their cards on the table, including what they hope to gain from the partnership. Goal alignment is essential and trust can be strengthened by setting outcomes and measures for success together.</li> </ul> <p>As we continue to transform how care is delivered, relationships between health systems and startups will continue to evolve. But the world is moving faster, and one way for incumbents, including health systems, to keep up is to embrace partnerships with startups that can help them produce solutions faster, noted <a href="https://www.viveevent.com/speakers/michelle-snyder" target="_blank" title=" ViVE 2022 Michelle Snyder speaker bio">Michelle Snyder</a>, partner, <a href="https://ventures.mckesson.com/" target="_blank" title="McKesson Ventures homepage">McKesson Ventures</a>.</p> </div> <div class="col-md-4"> <p><a href="/center" title="Visit the AHA Center for Health Innovation landing page."><img alt="AHA Center for Health Innovation logo" data-entity- data-entity-uuid="7ade6b12-de98-4d0b-965f-a7c99d9463c5" src="/sites/default/files/inline-images/logo-aha-innovation-center-color-sm.jpg" type="file" class="align-center"></a></p> <a href="/center/form/innovation-subscription"><img alt data-entity-type data-entity-uuid src="/sites/default/files/2019-04/Market_Scan_Call_Out_360x300.png"></a></div> </div> </div> .field_featured_image { position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } .featured-image{ position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } Tue, 22 Mar 2022 06:15:00 -0500 Business Innovation /aha-center-health-innovation-market-scan/2022-01-25-aha-others-back-first-venture-fund-invest-black <div class="container"> <div class="row"> <div class="col-md-8"> <p><img alt="AHA, Others Back First Venture Fund to Invest in Black-Owned Health Care Firms. Black Business Venture Fund logo." data-entity-type="file" data-entity-uuid="7bb489bc-e608-45de-ae5b-b11fd07b8756" src="/sites/default/files/inline-images/ms_012522_Item2_Black_Business_190%5B1%5D_2116853.jpg" width="190" height="127" class="align-left"> AHA is among the investors and partners taking part in a first-of-its-kind movement to promote equity in access to capital for investments in Black-founded and -led companies at the forefront of health care innovation.</p> <p>Jumpstart Health Investors <a href="https://jumpstartnova.com/jumpstart-nova-first-venture-fund-dedicated-to-black-founded-and-led-healthcare-companies-launches/" target="_blank" title="Jumpstart Nova News: Jumpstart Nova: First Venture Fund Dedicated to Black Founded and Led Healthcare Companies Launches">announced Jumpstart Nova</a>, a $55 million highly anticipated fund that will invest exclusively in Black-founded and -led health care companies across health information technology, digital health, tech-enabled services, diagnostic devices, biotech, medical device manufacturing and consumer health and wellness sectors. The fund has already exceeded its fundraising goal. The companies within the fund will be startups focused on developing solutions to improve access, affordability and outcomes in communities of need.</p> <p>The AHA is joined by HCA Healthcare, Atrium Health, Henry Ford Health System and LHC Group among the fund’s investors and strategic health care partners.</p> <p>“Hospitals and health systems need strong partners to collaborate with to build healthier and more equitable communities,” said AHA President and CEO Rick Pollack. “Jumpstart Nova aims to provide talented but too-often overlooked entrepreneurs with the capital they need to advance this important work. The AHA is excited about the investments this fund will make, which we believe can positively affect the double bottom-line of financial and social impact.”</p> </div> <div class="col-md-4"> <p><a href="/center" title="Visit the AHA Center for Health Innovation landing page."><img alt="AHA Center for Health Innovation logo" data-entity- data-entity-uuid="7ade6b12-de98-4d0b-965f-a7c99d9463c5" src="/sites/default/files/inline-images/logo-aha-innovation-center-color-sm.jpg" type="file" class="align-center"></a></p> <a href="/center/form/innovation-subscription"><img alt data-entity-type data-entity-uuid src="/sites/default/files/2019-04/Market_Scan_Call_Out_360x300.png"></a></div> </div> </div> .field_featured_image { position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } .featured-image{ position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } Tue, 25 Jan 2022 06:30:00 -0600 Business Innovation /aha-center-health-innovation-market-scan/2021-12-07-atrium-health-pursues-15-billion-innovation <div class="container"> <div class="row"> <div class="col-md-8"> <div data-embed-button="media" data-entity-embed-display="view_mode:media.full" data-entity-type="media" data-entity-uuid="4bd32ebf-21fe-4e88-a614-f835ad97bf9c" data-langcode="en" class="align-right embedded-entity" data-entity-embed-display-settings="[]"> <article> <div class="field_media_image"> <img loading="lazy" src="/sites/default/files/2021-10/atrium-health-logo-teal-400x200.png" width="400" height="200" alt="Atrium Health logo 400x200"> </div> </article> </div> <p><a href="https://atriumhealth.org/" target="_blank" title="Atrium Health homepage.">Atrium Health</a> officials recently shared early details with Mecklenburg County Board about a planned $1.5 billion innovation district in uptown Charlotte, N.C. The nonprofit health system is seeking a public-private partnership for the 40-acre district that would be built near a planned Wake Forest School of Medicine campus due to begin construction in 2022, according to a <a href="https://www.charlotteobserver.com/news/business/article255678966.html" target="_blank" title="Atrium Health details plans for $1.5 billion ‘innovation district’ around med school">Charlotte Observer report</a>.</p> <p>Acknowledging that many details still need to be worked out, Atrium Health chief executive officer Gene Woods and developer <a href="https://wexfordscitech.com/" target="_blank" title="Wexford Science + Technology homepoage.">Wexford Science + Technology</a> told the county board that the innovation district would provide numerous benefits to the surrounding community. As part of the plan, Atrium Health is requesting $38 million in tax increment grants over 13 years.</p> <p>The innovation center will include four research towers, an education building, two parking lots with a combined 2,000 spaces, a residential tower with 350 units, a hotel and mixed-use lots. Woods told the commission that the project will help train future physicians, helping to retain the brightest of area students who would otherwise have to relocate to attend medical school. Charlotte is the largest city in the U.S. without a four-year medical school, according to Atrium.</p> <p>As part of the innovation district, Atrium Health said it will donate 14 acres in Charlotte’s <a href="https://noda.org/" target="_blank" title="Welcome to NoDa.">NoDa neighborhood</a> valued at roughly $25 million to <a href="https://www.inlivian.com/" target="_blank" title="Inlivian homepage.">Inlivian</a>, the city’s housing authority. The land is adjacent to 14 acres Inlivian owns and the combined property would be used to create about 400 units of affordable housing.</p> </div> <div class="col-md-4"> <p><a href="/center" title="Visit the AHA Center for Health Innovation landing page."><img alt="AHA Center for Health Innovation logo" data-entity- data-entity-uuid="7ade6b12-de98-4d0b-965f-a7c99d9463c5" src="/sites/default/files/inline-images/logo-aha-innovation-center-color-sm.jpg" type="file" class="align-center"></a></p> <a href="/center/form/innovation-subscription"><img alt data-entity-type data-entity-uuid src="/sites/default/files/2019-04/Market_Scan_Call_Out_360x300.png"></a></div> </div> </div> .field_featured_image { position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } .featured-image{ position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } Tue, 07 Dec 2021 06:00:00 -0600 Business Innovation /aha-center-health-innovation-market-scan/2021-10-12-aws-taps-10-health-care-startups-inaugural <div class="container"> <div class="row"> <div class="col-md-8"> <p><img alt="AWS Taps 10 Health Care Startups for Inaugural Accelerator Program. A rocket takes off from a laptop computer keyboard with the Amazon logo on the laptop monitor." data-entity-type="file" data-entity-uuid="8a48f8f5-32b2-4f2f-acbb-0c30188f702e" src="/sites/default/files/inline-images/ms_101221_item1_AWS_620_2037025.jpg" width="620" height="381"></p> <p><a href="https://aws.amazon.com/" target="_blank" title="Amazon Web Services home">Amazon Web Services</a> has had relationships with thousands of health care startups. On Oct. 28, however, the culmination of AWS’ Healthcare Accelerator launch will give <a href="https://aws.amazon.com/blogs/publicsector/announcing-10-finalists-inaugural-aws-healthcare-accelerator-program/" target="_blank" title="AWS Public Sector Blog: Announcing the 10 finalists for the inaugural AWS Healthcare Accelerator program">10 recently selected startups</a> an unprecedented experience.</p> <p>The companies will receive what AWS officials say will be “white-glove” treatment, including access to a wealth of AWS technologies and a huge support ecosystem that includes health care customers and collaborators.</p> <p>Providers like Providence, Houston Methodist, Kaiser and Geisinger and tech and retail companies like GE Healthcare, Epic, Cerner, CVS Health and others will provide collaboration and support to the startups over an extended period.</p> <p>The 10 startups will take part in a <a href="https://pages.awscloud.com/NAMER-event-OE-aws-healthcare-demo-day-2021-reg-event.html" target="_blank" title="AWS Healthcare Accelerator Demo Day">virtual demo day</a> showcase on Oct. 28 accessible by request. The startups’ solutions address everything from a digital front-door solution that optimizes patient journeys to a logistics platform that reduces barriers to accessing care.</p> <p>Among the companies selected for the showcase are:</p> <ul> <li><strong><a href="https://www.aivahealth.com/" target="_blank" title="Aiva Health home">AIVA</a>:</strong> The company offers a voice-powered care assistant for patient rooms and senior living communities.</li> <li><strong><a href="https://www.icanbwell.com/" target="_blank" title="b.well home">b.well</a>:</strong> The firm’s all-in-one system for consumer engagement, holistic health management and cost containment aggregates data to paint a picture of health for each consumer and to illustrate population health.</li> <li><strong><a href="https://www.ejenta.com/" target="_blank" title="Ejenta home">Ejenta</a>:</strong> Using artificial intelligence exclusively licensed from NASA, this company’s remote monitoring and remote care delivery links devices and electronic health records to predict health and connect care teams.</li> </ul> <p>Amazon’s aim is to connect growth-stage digital health solutions with AWS’ health care provider organizations to accelerate care in the cloud and for potential pilots and collaborations between providers and companies.</p> <p>The accelerator’s goal is to cultivate and promote innovative startup solutions that achieve the Quadruple Aim of improved patient experience, improved clinician experience, better health outcomes and a lower cost of care.</p> </div> <div class="col-md-4"> <p><a href="/center" title="Visit the AHA Center for Health Innovation landing page."><img alt="AHA Center for Health Innovation logo" data-entity- data-entity-uuid="7ade6b12-de98-4d0b-965f-a7c99d9463c5" src="/sites/default/files/inline-images/logo-aha-innovation-center-color-sm.jpg" type="file" class="align-center"></a></p> <a href="/center/form/innovation-subscription"><img alt data-entity-type data-entity-uuid src="/sites/default/files/2019-04/Market_Scan_Call_Out_360x300.png"></a></div> </div> </div> .field_featured_image { position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } .featured-image{ position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } Tue, 12 Oct 2021 06:15:00 -0500 Business Innovation /aha-center-health-innovation-market-scan/2021-06-08-private-equity-firm-raises-14-billion-hit <div class="container"> <div class="row"> <div class="col-md-8"> <p><img alt="Private Equity Firm Raises $1.4 Billion for Hit Investment Fund. A stethoscope on a laptop keyboard." data-entity-type="file" data-entity-uuid="380b608c-53b0-4585-9984-823c3359f194" src="/sites/default/files/inline-images/ms_060821_item2_Frazier_Healthcare_190_1930660.jpg" width="190" height="127" class="align-left">Seattle private equity firm <a href="https://www.prnewswire.com/news-releases/frazier-healthcare-partners-closes-oversubscribed-1-4-billion-growth-buyout-fund-301300768.html" target="_blank">Frazier Healthcare Partners</a> has raised $1.4 billion for a new buyout fund targeting midsize health-tech startups. The Frazier Healthcare Growth Buyout Fund X, L.p., plans to allocate between $50 million and $300 million of equity among the companies in which it invests.</p> <p>Key focus areas will include pharmaceutical services, hospital outsourcing and specialty distribution. The fund reached its hard cap and was oversubscribed, indicating there’s still strong demand for new health care IT and data analytics solutions. Those supporting the fund included financial institutions, pension plans, foundations and endowments, and sovereign wealth funds.</p> <p>This is the 10th health care private equity fund that Frazier has closed. Recent investments include the corporate carveout of MedData from Mednax in October 2019. MedData is a leading provider of technology-enabled, revenue cycle-management services for hospitals, health systems and health care providers. Recent exits include the December 2020 sale of PCI, a leading pharmaceutical and biopharmaceutical global supply-chain solutions provider, to Kohlberg and Mubadala in a $3.0+ billion transaction. Northfield, a provider of operating room instrument, scope and power system repair services was sold to Agiliti in March for $475 million.</p> </div> <div class="col-md-4"> <p><a href="/center" title="Visit the AHA Center for Health Innovation landing page."><img alt="AHA Center for Health Innovation logo" data-entity- data-entity-uuid="7ade6b12-de98-4d0b-965f-a7c99d9463c5" src="/sites/default/files/inline-images/logo-aha-innovation-center-color-sm.jpg" type="file" class="align-center"></a></p> <a href="/center/form/innovation-subscription"><img alt data-entity-type data-entity-uuid src="/sites/default/files/2019-04/Market_Scan_Call_Out_360x300.png"></a></div> </div> </div> .field_featured_image { position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } .featured-image{ position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } Tue, 08 Jun 2021 06:00:00 -0500 Business Innovation /aha-center-health-innovation-market-scan/2021-04-06-advocate-aurora-health-investment-arm-targets <div class="container"> <div class="row"> <div class="col-md-8"> <p><img alt="Advocate Aurora Health Investment Arm Targets Holistic Care. A graphic image of a hand holding a watering can and watering flowers, one of which is a blooming lightbulb." data-entity-type="file" data-entity-uuid="c3448ccd-b041-45b1-a076-e9d7be222bd5" src="/sites/default/files/inline-images/ms_040621_item2_Advocate_Aurora_190_1871164.jpg" width="190" height="127" class="align-right"> /><a href="https://www.advocateaurorahealth.org/" target="_blank">Advocate Aurora Health</a> recently launched a subsidiary, <a href="https://www.prnewswire.com/news-releases/advocate-aurora-powers-personalized-telenutrition-platform-foodsmart-to-25m-series-c-round-301256154.html" target="_blank">Advocate Aurora Enterprises</a>, focused on investing in companies that improve the overall health and well-being of patients. The launch reflects its strategy to employ a “whole-person” care model extending beyond medical treatment.</p> <p><a href="https://www.advocateaurorahealth.org/advocateauroraenterprises/" target="_blank">Advocate Aurora Enterprises</a> will target its investments to health-related companies with aims to enable aging seniors to thrive independently in their homes, support parents in raising kids with less stress and greater confidence, and help people achieve their mind, body and nutritional goals.</p> <p>The subsidiary's first investment is in San Francisco-based <a href="https://www.foodsmart.com/" target="_blank">Foodsmart</a>, a personalized telenutrition provider, offering nutrition counseling and other digital services to make it easier for people to eat well on a budget. The platform, which has 1.25 million members from more than 650 employers, also issues “foodscripts” to help users with care coordination and those with obesity, hyperglycemia, hypertension and other chronic diseases to begin clinically validated diets.</p> <p>Foodsmart raised $25 million in a Series C funding round led by Advocate Aurora Enterprises. While many organizations target investments to provide a near-term return on investment, Advocate Aurora Enterprises is in it for the long haul, notes Scott Powder, the subsidiary’s president.</p> <p>Powder sees broad community benefit to the investment enterprise, noting that a program like Foodsmart has application for all of the health system’s 3 million patients. “As a national leader in value-based care, at least half of those people we [serve] have some financial risk for their overall health, and so this becomes a really powerful tool there.”</p> </div> <div class="col-md-4"> <p><a href="/center" title="Visit the AHA Center for Health Innovation landing page."><img alt="AHA Center for Health Innovation logo" data-entity- data-entity-uuid="7ade6b12-de98-4d0b-965f-a7c99d9463c5" src="/sites/default/files/inline-images/logo-aha-innovation-center-color-sm.jpg" type="file" class="align-center"></a></p> <a href="/center/form/innovation-subscription"><img alt data-entity-type data-entity-uuid src="/sites/default/files/2019-04/Market_Scan_Call_Out_360x300.png"></a></div> </div> </div> .field_featured_image { position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } .featured-image{ position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } Tue, 06 Apr 2021 06:00:00 -0500 Business Innovation /aha-center-health-innovation-market-scan/2021-03-23-1b-health-care-startups-rise-and-getting-market <div class="container row"> <div class="row"> <div class="col-md-8"> <p><img alt="$1B Health Care Startups on the Rise and Getting to Market Faster. A blue Ambulnz van with the Ambulnz logo painted on the side." data-entity-type="file" data-entity-uuid="4365d10c-331c-46a6-b468-9af56a0f301c" src="/sites/default/files/inline-images/ms_032321_item2_StartUps_Ambulnz_190%5B6%5D_1857469.jpg" width="190" height="127" class="align-right"><a href="https://www.ambulnz.com/" target="_blank">Ambulnz</a>, a provider of mobile medical services and patient transportation, recently announced plans to go public through a merger with <a href="https://motionacquisition.com/" target="_blank">Motion Acquisition Group</a>, a special purpose acquisition company (SPAC). After closing the transaction, “Ambulnz” will become <a href="https://www.docgo.com/" target="_blank">“DocGo”</a> and will offer integrated, digital-first medical mobility services with on-demand service response and enhanced transparency through real-time vehicle location.</p> <p>One noteworthy aspect of the transition, beyond the fact that the combined company will be valued at about $1.1 billion, is it’s among a growing number of health care deals financed through SPACs. These public “shell companies” are designed to raise enough money to acquire a private company and secure a reverse merger. After the funds are raised, the SPAC must complete the acquisition within two years or the funds go back to investors. SPACs enable startups to go public much faster than the traditional initial public-offering process. And all indications are that SPACs, once an anomaly in health care, are on the rise.</p> <p><a href="https://www.cbinsights.com/research/spac-pros-cons/" target="_blank">CB Insights</a>, a company that provides market intelligence on private companies and investor activities, reports that SPACs also offer greater profit opportunities for investors who can buy shares at a discount through warrants. When COVID-19 created uncertainty in public markets last year, the number of SPACs surged. Marissa Schlueter, CB Insights senior intelligence analyst, told <a href="https://www.fiercehealthcare.com/tech/why-2021-could-be-year-healthcare-spac-deals-and-unicorns-ripe-to-go-public" target="_blank">Fierce Healthcare</a> that as of Feb. 25, there were seven digital health SPACs — equal to the number seen in all of 2020.</p> </div> <div class="col-md-4"> <p><a href="/center" title="Visit the AHA Center for Health Innovation landing page."><img alt="AHA Center for Health Innovation logo" data-entity- data-entity-uuid="7ade6b12-de98-4d0b-965f-a7c99d9463c5" src="/sites/default/files/inline-images/logo-aha-innovation-center-color-sm.jpg" type="file" class="align-center"></a></p> <a href="/center/form/innovation-subscription"><img alt data-entity-type data-entity-uuid src="/sites/default/files/2019-04/Market_Scan_Call_Out_360x300.png"></a></div> </div> </div> .field_featured_image { position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } .featured-image{ position: absolute; overflow: hidden; clip: rect(0 0 0 0); height: 1px; width: 1px; margin: -1px; padding: 0; border: 0; } Tue, 23 Mar 2021 06:15:00 -0500 Business Innovation