Community Hospital Joins Wave Of New Strategic Venture Funds To Drive Disruptive Innovation

This first part of a two-part series on strategic investors in healthcare focuses on the expansion of the venture business beyond traditional venture and large strategic investors. In the second part, I will outline the backdrop for the investment thesis that strategic healthcare investors are using to guide their capital allocation. Healthcare providers are finding their "play it safe" culture isn't conducive to breakthrough innovation at a time when it is critically needed. Having spoken with several innovation groups in health systems, most examples of "innovation" are decidedly uninspiring. Primarily, it is due to the fact that virtually all of their decisions have to go thr ough the prism of how new ideas will fit with current businesses -- pretty much a guarantee that will doom so-called innovation to be little more than incremental improvements. Consequently, increasing numbers of hospitals and health systems are smartly allocating money to venture funds that have free reign to find truly disruptive new businesses.

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