Aegis Ventures' digital consortium is expanding, with UPMC Enterprises and Vanderbilt Health joining to co-develop and scale health tech solutions. The initiative aims to empower health systems to lead innovation, tackle common challenges, and enhance patient experiences through collaboration and advanced technologies.
Providence CEO Rod Hochman declared "old-school M&A is dead," emphasizing a shift away from traditional hospital acquisitions. Instead, Providence is focusing on collaboration and transformation, exemplified by its role in Longitude Health, a partnership aimed at addressing key healthcare challenges. The health system is also expanding into ambulatory care and enhancing revenue cycle management through strategic partnerships.
Infinitus Systems Inc. has secured $51.5 million in funding, led by Andreessen Horowitz, bringing its valuation to over $600 million. The startup, focused on enhancing healthcare efficiency through artificial intelligence, has raised a total of $102.9 million to date, with participation from notable investors including GV, Kleiner Perkins, Coatue Management, and the Memorial Hermann Health System.
Longitude Health has been established by Baylor Scott & White Health, Memorial Hermann Health System, Novant Health, and Providence to enhance healthcare solutions for patients. Led by CEO Paul Mango, the organization aims to invest in performance solutions over the next five years, focusing on cost, quality, access, and patient experience. The initiative seeks to attract additional high-performing health systems to join its mission of delivering high-quality, affordable healthcare.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
