UPMC, Vanderbilt join Aegis Ventures in digital consortium
UPMC Enterprises and Vanderbilt Health will accelerate the consortium's pipeline of companies launching in the coming year, Aegis says.
Photo: Al David Sacks/Getty Images
Aegis Ventures is welcoming two new health system partners, UPMC Enterprises and Vanderbilt Health, into its digital consortium, a strategic alliance of nine systems that was announced earlier this year.
Aegis, based in New York, is a venture studio that funds startups.
The two systems in the digital consortium will join Endeavor Health, Indiana University Health, Memorial Hermann Health System, Northwell Health, Novant Health, Ochsner Health, the Ohio State University Wexner Medical Center, Sharp HealthCare and Stanford Health Care in the consortium.
According to Aegis, the systems will work together to reimagine the healthcare system via a system-led approach to developing and investing in new technology.
WHAT'S THE IMPACT?
The Digital Consortium launched in April 2024 on the heels of three years of collaboration between Northwell Health and Aegis Ventures. This initial alliance resulted in the development and growth of four companies spanning patient engagement, AI-enabled diagnostics, workflow automation and empathetic AI.
Aegis said the partnerships with UPMC Enterprises and Vanderbilt Health will accelerate the consortium's pipeline of companies launching in the coming year.
Headquartered in Pittsburgh, UPMC Enterprises is the innovation, commercialization and venture capital arm of UPMC, an academic medical center and insurer with more than 40 active investments in early- to late-stage growth companies.
Vanderbilt Health, based in Nashville Tennessee, is a part of Vanderbilt University Medical Center, one of the largest and most prominent academic medical centers in the Southeast. As an academic medical center, Vanderbilt Health has focused on launching creative solutions in areas such as pharmacy, supply chain, and employer health services.
Through collaboration, Aegis said it will work with the consortium's 11 members to understand the problems they want to address, and codevelop healthtech solutions to solve those problems.
ON THE RECORD
"We launched the Digital Consortium on the founding premise that health systems should be in the driver's seat when it comes to innovation," said Dr. John Noseworthy, emeritus president and CEO of Mayo Clinic and chairman of the Digital Consortium. "By aligning incentives between innovators and health systems, we create sustainable technologies that are better for patients, providers, and administrators."
"I'm thrilled to welcome UPMC Enterprises and Vanderbilt Health to the Digital Consortium," said John Beadle, cofounder and managing partner of Aegis Ventures. "These new partners are already putting innovation at the center of what they do. By combining their knowledge with that of our existing health system partners, we have the ability to make a real difference in the solutions that are being created across both healthcare and technology."
Jeff Lagasse is editor of Healthcare Finance News.
Email: jlagasse@himss.org
Healthcare Finance News is a HIMSS Media publication.
