Des Moines, Iowa-based integrated health system UnityPoint Health has launched a $100m fund.
The UnityPoint Health Ventures Innovation Fund will invest in early-stage companies in in four key areas:
– digital health,
– medical devices,
– therapeutic spaces, and
– healthcare services.
Led by Matthew Warrens, managing director of innovations, and Kent Lehr, vice president of strategy and business development, UnityPoint Health Ventures will connect clinical and operational leaders throughout the health system with industry entrepreneurs to test and scale solutions that seek to lower health care costs, improve quality of care and positively impact population health initiatives.
Inventive startup companies will benefit from access to the health system’s deep pool of resources and UnityPoint Health will gain access to companies that can provide solutions to help the organization drive sustainability, growth and success in value-based care.
UnityPoint Health Ventures is funded through a reallocation of funds already earmarked for investment and receives no funding from operations. It represents 5% of the health system’s overall investment portfolio and will introduce a more structured and targeted focus for its innovation investments.
Through relationships with more than 280 physician clinics, 32 hospitals in metropolitan and rural communities and home care services throughout its 9 regions, UnityPoint Health provides care throughout Iowa, western Illinois and southern Wisconsin. Its entities employ more than 32,000 team members.