Health System Innovation: A New Consortium Leading the Way

In response to an influx of technology companies offering products and ideas, Michael Dowling, president of New York-based Northwell Health, and Aegis Ventures are driving a more intentional approach to innovation. They have formed a consortium consisting of nine health systems to develop startups solving real healthcare system needs. This approach includes early health system customers on the startup's cap table and allows health systems to invest on a deal-by-deal basis, promoting greater ownership and earlier investment. The consortium hopes to facilitate the development and scaling of startups, ultimately becoming indispensable partners to these health systems.