There is a growing trend in healthcare where venture capital firms are partnering with healthcare systems to identify needs and implement innovative new technologies. This can address resource limitations in healthcare and can help startup vendors gain real-world experience with their technology in hospitals, HealthExec reports.
An example of this in action is the collaboration between GSR Ventures, which has $3.5 billion in assets under management investments in early-stage digital health companies, and the University of Rochester Medical Center. The partnership aims to accelerate the integration of promising technologies into clinical care services.
“At the University of Rochester, one of the things that we have struggled with is bringing new technology in because we have had limited resources, limited IT resources, and limited financial resources. So some of the best-of-breed solutions out there to address problems we’re trying to solve, we just can’t afford to bring them in,” explained Michael Hasselberg, PhD, RN, PMHNP-BC, chief digital health officer and associate professor of psychiatry and nursing at the University of Rochester Medical Center.
Thinking outside the box, he searched for non-traditional relationships with vendors and found GSR Ventures. The company makes investments in promising, cutting-edge technologies. Read more.
