Two trends I'm seeing in Health Systems Innovation Investment Strategies.
1. Public / Private partnerships 2. Multi-Health System investments
Cleveland Clinic launched a new infectious disease research center through a $500 million innovation collaboration with the city of Cleveland and JobsOhio. Cleveland Clinic will put up $300 million in funds while JobsOhio will invest $200 million.
Ohio State University and Nationwide Children's Hospital, both based in Columbus, joined a new $1 billion innovation district in Columbus focused on virus, pathogens, stem cell therapies and cancer research. Ohio State will invest $650 million, Nationwide Children's Hospital will invest $350 million and JobsOhio will invest $100 million in the project.
Rochester, Minn.-based Mayo Clinic led an $8.2 million funding round for TripleBlind, a digital privacy and data sharing platform.
Mayo Clinic and Kaiser Permanente announced their joint strategic investment in Medically Home Group, a Boston-based tech services company that powers hospital-at-home programs.
Oakland, Calif.-based Kaiser Permanente Ventures participated in a $65 million funding round for Vesta Healthcare, a digital health and clinical provider group platform.
Providence's digital health spinout DexCare closed a $20 million investment round backed by the Renton, Wash.-based health system's innovation arm and Kaiser Permanente Ventures.
The multi-health system investments I believe are a part of mitigating the risk of the investment in dollars and market share. Just a thought.