OSF Ventures launches third and largest venture capital fund
its third capital investment fund, the largest since it initiated this
program in 2016. The $100 million fund will be used to continue
a strategy that links investments to key priorities of improved patient care, outcomes and greater operational efficiency. The third fund brings total assets under management in the venture program to $250 million.
diagnostics and therapeutics.
seven-person team have worked at an astounding pace, even
during the pandemic. Since launching its first venture capital
fund, the OSF Ventures team has vetted close to 1,500 opportunities.
allows us to provide meaningful feedback that results in our portfolio companies developing successful solutions that are really
valuable to our patient base,” said Lynall. “Scaling investments
through partnerships and practical collaborations with budding
tech companies from across the globe helps us bring emerging
health care solutions to OSF HealthCare clinics and hospitals,
most often before they are broadly marketed and deployed.”
integrating products and solutions into clinical operations requires
executive and clinical leaders to be engaged. Lynall stressed, “We
are fortunate to have leaders who are highly committed to Innovation at OSF HealthCare.”
a collaboration that led OSF HealthCare to pilot and then fully
implement SilverCloud, a behavioral health platform with
online and app-based modules to help individuals dealing
with mild to moderate stress, anxiety, and depression. OSF
was an early adopter and within three years, the number of people benefitting from enrolling has expanded to 7,000.
and we value having access to the best, cutting edge solutions,”
said Conger. “For example, we had a head start in the early days
of the pandemic, because we had already vetted solutions and
had strategically planned for implementing several of the new
communication tools we deployed, albeit at an accelerated pace.
We were prepared because of our long-range Innovation plan,
including important investments and collaborations through OSF
Ventures.”
initiative for the planning, structure, goals and services OSF
HealthCare uses to innovate for the improvement and transformation of health care. More information at www.osfinnovation.org.
Latest Stories
- One Night Only Performance Show Dance Company Entering ‘New Horizons’
- New Choice Intervention Provides Much Needed Mental Health Services To The Community
- University of Chicago Program Brings Mavis Staples To Campus
- Larry’s Barber College Set For Expansion Of Facility And Education Programs
- Art Exhibit Shows And Tells The Stories Of Widows
- Introducing Shot Bar's New Location
- Illinois Reparations Coalition Advocates for Guaranteed Income Program as Drug War Reparations
- Reps. Kelly, Balderson Introduce Legislation to Combat Scams Targeting Seniors
- Gov. Pritzker Highlights Proposal to Eliminate $1 Billion in Medical Debt
- Customers urged to stay connected if they are behind on bills