Nine Healthcare Titans Join Forces with Aegis Ventures to Drive Innovation through Tech Solutions

Nine health systems, including Northwell Health, Novant Health, Ochsner Health and Stanford Health Care, have recently joined forces with Aegis Ventures in support of its innovative model. This model aims to address some of the most pressing issues in healthcare through the co-development, investment and deployment of tech solutions.

As part of this collaboration, the health systems have become members of Aegis Ventures’ Digital Consortium, which is committed to creating startups that are tailored specifically to meet the needs of these health systems. John Noseworthy, M.D., former CEO of Mayo Clinic, will lead the consortium under his new role as executive chairman at Aegis Capital Corp., the private equity firm that serves as the venture capital arm of Aegis Ventures.

Aegis believes that health system leaders are uniquely positioned to identify opportunities for innovation in the industry and has collaborated 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 and workflow automation.

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 John Beadle, co-founder and managing partner at Aegis Ventures, this collaborative approach is expected to expand further in the future as more health systems recognize its value in driving innovation in healthcare.