Is it Possible for Hospitals to Facilitate the Development of Improved Digital Health Startups?

Revolutionizing Healthcare through Collaboration: John Noseworthy and Aegis Ventures Launch New Digital Consortium

John Noseworthy, M.D., the former CEO of Mayo Clinic, has joined forces with Aegis Ventures to launch a new digital consortium that aims to co-develop and invest in tech solutions aimed at addressing pressing issues in healthcare. The consortium will involve nine health systems, including Northwell Health, Novant Health, Ochsner Health, and Stanford Health Care, which have all committed to supporting the venture company’s innovative model.

The health systems, along with the private equity firm that serves as the venture capital arm of Aegis Capital Corp., have joined forces to create this new consortium. Aegis believes that health system leaders are uniquely positioned to identify opportunities for innovation in the industry. Under their leadership, the consortium will collaborate with entrepreneurs and technologists to develop startups that specifically target the needs of 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, workflow automation, and emotion analytics. With the addition of new participants representing over $65 billion in operating revenue and more than 300,000 employees, this consortium is expected to expand further in the future as more health systems recognize the value of this collaborative approach to innovation in healthcare.

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