Aegis Ventures, a startup incubation studio, has recently garnered support from nine health systems for its innovative model. This model involves co-developing, investing in, and deploying tech solutions aimed at addressing the most pressing quality, equity, and cost issues in healthcare.
The health systems have joined the venture company’s Digital Consortium to work together to develop startups that specifically target the needs of health systems. Aegis believes that health system leaders are uniquely positioned to identify opportunities for innovation in the industry. Under the leadership of John Noseworthy, M.D., the former CEO of Mayo Clinic, 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, workflow automation, and emotion analytics. 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. According to Aegis Ventures co-founder and managing partner John Beadle, the consortium is expected to expand further in the future as more health systems recognize the value of this collaborative approach to innovation in healthcare.