Providence Health launches $150M venture fund

Providence Health & Services, a nonprofit group focused on home healthcare, hospice and elderly care, launched a venture capital fund to improve innovations across the healthcare system for patient care. Over the next 5 to 7 years, Providence Ventures will invest $150 million toward innovations focused on 6 core areas: online primary care access, care coordination and patient engagement, chronic disease management, clinician experience, data analytics and consumer health and wellness services. Providence is creating an internal Digital Innovation Group to build the technology innovations startups need to succeed. This will allow them to take ideas and make them into products quickly and relatively affordably. Release

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