Nine major health systems, including Northwell Health, Novant Health, Ochsner Health and Stanford Health Care, have recently shown support for Aegis Ventures, a startup incubation studio. This is in line with Aegis Ventures’ innovative model that involves co-developing, investing in and deploying tech solutions to address the most pressing quality, equity and cost issues in healthcare.
The health systems, along with the private equity firm that serves as the venture capital arm of Aegis Capital Corp., have joined Aegis Ventures’ Digital Consortium. The consortium will work together to develop startups specifically targeting the needs of health systems. According to John Noseworthy, M.D., former CEO of Mayo Clinic, who leads the consortium, health system leaders are uniquely positioned to identify opportunities for innovation in the industry.
Under Noseworthy’s leadership, the consortium will collaborate with entrepreneurs and technologists to create a network of complementary companies designed by health systems for health systems. Northwell Health and Aegis have already collaborated on building four companies over the past three years, focusing on areas such as patient engagement, women’s health, artificial intelligence-based diagnostics and workflow automation.
The new participants in the consortium were carefully selected based on a rigorous evaluation process and collectively represent over $65 billion in operating revenue and more than 300,000 employees. John Beadle, co-founder and managing partner of Aegis Ventures expects the consortium to expand further in the future as more health systems recognize the value of this collaborative approach to innovation in healthcare.