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5 June 2018

Emory kicks off healthcare fund

Emory Healthcare will join Innovation Hub Enterprises to raise a venture fund for consumer-focused healthcare models and technologies.

Author: Callum Cyrus, reporter

Emory Healthcare, the hospital system affiliate of Emory University, will join business strategy consultancy Innovation Hub Enterprises to raise a VC fund of undisclosed size geared towards consumer-centric healthcare models and technologies.

The as-yet-unnamed vehicle was announced alongside Emory’s new healthcare initiative with digital health platform developer Sharecare – titled  Emory Healthcare Innovation Hub powered by Sharecare.

Emory Healthcare Innovation Hub will aim to nurture an innovation ecosystem for patient-centred healthcare technologies that improve clinical outcomes while reducing costs. The university hopes it will help strengthen the health IT credentials of Georgia, Atlanta, where Sharecare is also based.

Emory Healthcare has agreed to become Sharecare’s lead research partner and a supporter of the company’s Sharecare Movement, which aims to turn Atlanta and Georgia into the US’ healthiest places to live. The hub will launch on September 1 and will be open to project ideas from university faculty and staff.

Students will have the opportunity to focus on areas associated with their discipline – for instance, medical students will contribute on consumer-centric health IT systems, while nursing students will consider models for the front line of care.

Jonathan Lewin, president, chief executive and board chairman at Emory Healthcare, said: “Emory Healthcare is excited to bring together the health-related assets of the Emory community to partner with Sharecare, innovation experts and other strategic partners to accelerate the development and adoption of healthcare technology solutions.

“It is critical to think globally with solutions we will develop, but also recognise the importance of and responsibility to act locally doing our part to help make Georgia healthier.”

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