![Launch of Aegis Ventures "Digital Consortium" with 9 health systems for healthcare innovation](https://hitconsultant.net/wp-content/uploads/2024/04/Digital-Consortium.png)
What you should know:
– Aegis Ventures, a healthcare venture capital studio based in New York, announced the creation of Digital Consortium, a groundbreaking initiative designed to address some of healthcare's most pressing challenges with nine leading health systems.
– Consortium members will innovate directly with Aegis to co-develop, invest and deploy health technology solutions that address the most pressing health care quality, equity and cost issues, and enable them to better care for the communities they serve, while generating diversified revenue streams.
– The Digital Consortium builds on the success of a three-year collaboration between Northwell Health and Aegis Ventures. This partnership has already resulted in the creation and growth of four high-impact companies, demonstrating the effectiveness of health system-led innovation.
Collaboration at the heart of innovation
The Digital Consortium represents a significant shift in how healthcare innovation happens. Aegis Ventures believes that health systems, with their in-depth understanding of patient needs and delivery challenges, are best positioned to identify areas for improvement. By partnering with entrepreneurs and technologists, the consortium aims to bridge the gap between identifying problems and developing effective solutions.
Founding members: a powerhouse of healthcare expertise
The founding members of the Digital Consortium were meticulously chosen for their leadership and commitment to innovation:
- Stanford Health Care
- Health Effort
- Indiana University Health
- Memorial Hermann Health System
- Northwell Health
- Novant Health
- Health Ochsner
- Ohio State University Wexner Medical Center
- Advanced healthcare
Together, they represent more than $65 billion in operating revenue and more than 300,000 employees.
Focus on quality, fairness and cost
The Digital Consortium will focus on developing solutions that address healthcare's most pressing problems: improving the quality of care, ensuring healthcare equity for all, and reducing costs. Leveraging AI, automation and deep healthcare expertise, the consortium will create a synergistic ecosystem of technologies specifically designed to meet the unique needs of healthcare systems.
This partnership has already resulted in the creation of four successful companies tackling issues such as patient engagement, women's health and workflow automation. This proven model serves as a blueprint for future collaborations within the Digital Consortium.