In an effort to connect early-stage digital health entrepreneurial companies with the needs of industry leaders in healthcare, Caduceus Capital Partners, LLC, a venture capital and private equity company, launched the Health System Innovation Council (HSIC).
Caduceus describes HSIC as “a powerful strategic alliance that brings Caduceus’ proven early-stage digital health investment model to health systems wanting access to transformative technologies.”
HSIC aligns Caduceus Capital Partners and Florida Community Health Network (FCHN), an investment company that was established by the Memorial Foundation (Foundation) to support programs and initiatives for Memorial Healthcare System (MHS).
As part of the partnership, Caduceus Capital Partners hopes to gain insights into strategic imperatives for Memorial Healthcare System and connect promising entrepreneurs with potential customers. At the same time, FCHN gains an opportunity to collaborate with peers and develop products to fit specific needs.
According to Caduceus, FCHN will play an active role in influencing the fund’s investments by aligning the strategic goals of the health system and representing the voice of the customer.
“Thanks to our extensive network and deep experience in the healthcare industry, Caduceus Capital Partners teams up with exceptional early-stage digital health companies. These entrepreneurs are developing innovative solutions with a strong product-market fit,” said Scott Kolesar, managing partner, Caduceus Capital Partners. “By designing these efforts alongside health system partners, our companies can fast-track testing, scaling and adoption efforts and ensure they are creating positive change for health systems and their stakeholders.”
“Florida Health Community Network invests in healthcare ventures and providers, in order to provide more efficient and lower cost healthcare services to the community. That means constantly working to bring innovative technologies to MHS that support their mission,” said Paul Sallwasser, CEO, FCHN. “HSCI is a powerful strategic advantage in staying ahead of a very dynamic digital health marketplace.”
“Bringing innovation to our care model is a top priority. Through HSIC, we are excited about having unique, in-depth access to insights from the nation’s top digital health companies, which ensures that we remain on the forefront of technology as we enter the new age of healthcare,” said Jeff Sturman, Senior Vice President and CIO, Memorial Healthcare System.
The HSIC offers investment sourcing and industry relationships across the U.S., with the goal of bringing together leading companies with demonstrated experience in providing digital health solutions to millions of Americans. Caduceus Capital Partners is actively seeking additional health systems from around the country to join this strategic alliance.