Aegis Ventures, a startup incubation studio, has recently gained support from nine major 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, along with a private equity firm that serves as the venture capital arm of Aegis Capital Corp., have joined the venture company’s Digital Consortium. This consortium will 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, this collaborative approach to innovation is expected to expand further in the future as more health systems recognize its value in addressing some of the most pressing challenges facing healthcare today.