Mission To Serve 'Poor And Vulnerable' Guides This Health Care Impact Investment Fund - #1035
Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2SGOidw. Nonprofit Providence St. Joseph Health, the third largest health care system in the United States, traces its roots back to the Sisters of Providence and the Sisters of t. Joseph of Orange. Their missions were to serve all members of their communities, “especially the poor and vulnerable,” says Aaron Martin, 49, executive vice president and chief digital officer. That motivation now guides the system’s $150 million health care impact investment fund. Martin, who had no health care experience before joining Providence, now leads its efforts to improve health outcomes and improve service levels using technology. Investments are made via Providence Ventures, a fund created by the parent and funded entirely by it to accelerate the digital mission. So far, the fund has invested in 13 companies, two of which were Providence innovations that are being spun out in hopes that they will grow more quickly and benefit not only Providence but all health care providers. Venrock, which raised $450 million in its latest fund, has co-invested with Providence Ventures on two companies: Kyruus and Lyraa Health. Venrock partner Bryan Roberts says, “Aaron is terrific; he has the knowledge of a technology and growth savvy operator with the scale of a health system at his disposal. This allows him to bring a new lens to the change-resistant, defensive technology approach of the healthcare industry while still being grounded in the current practices and having a large sandbox in which to pressure test these new ideas.” Read the full Forbes article and watch the interview here: http://bit.ly/2SGOidw Be a hero! Join the elite group of supporters who ensure that stories like this can continue to be shared! Visit heroes4good.org to become a hero now.