Tampa General Hospital Utilizing $15M VC Fund, Seeks More Startups to Support

Like doctors and nurses searching for a cure to a rare disease, Rachel Feinman, who works in health care technology, isn’t shy about going outside her bubble to improve her chances for success. “I’m really passionate about making meaningful connections that create change,” Feinman says. 

The opportunities to do that are far and wide at TGH Innoventures, the technology and innovation arm of Tampa General Hospital, where Feinman is the managing director, Business Observer reports. 

The community-based hospital, with operating revenue of $1.84 billion in 2021, some 8,000 employees and 1,040 beds, is one of the largest medical centers on the west coast of Florida. “Connecting dots is a huge part of my role here,” says Feinman, also a vice president of innovation at TGH. 

TGH Innoventures launched with $15 million in seed money, and has since invested in three startups. It plans to invest in two more by the end of 2022, Feinman says. 

As TGH Innoventures readies itself for its third year, its mission to use innovative technologies to make things at TGH run better and smoother, while increasing access and decreasing costs, is ever-more urgent. That’s because industry consolidation, shrinking federal reimbursement rates, labor shortages and a host of other challenges have all teamed up to squeeze hospitals. Read more.

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