Two trends I'm seeing in Health Systems Innovation Investment Strategies.

1. Public / Private partnerships

2. Multi-Health System investments

FTA

1. 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.
2. 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.
3. Rochester, Minn.-based Mayo Clinic led an $8.2 million funding round for TripleBlind, a digital privacy and data sharing platform.
4. 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.
5. Oakland, Calif.-based Kaiser Permanente Ventures participated in a $65 million funding round for Vesta Healthcare, a digital health and clinical provider group platform.
6. 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.

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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.

#healthcare #healthIT #cio #cmio #CHIME #HIMSS

https://www.beckershospitalreview.com/digital-transformation/where-13-health-systems-are-investing-their-innovation-dollars-this-year.html