PROVIDENCE VENTURES AND STRATEGY & INNOVATION
Providence Health & Services’ senior management team is leading the creation of an efficient, consumer-focused, digitally-enabled, integrated health system. They believe this can best be achieved through the identification and de-risking of early-stage technologies. This vision led to the creation of three distinct teams within Providences’ Innovation & Strategy organization. These teams work together to provide the support, technical infrastructure, trial, and rapid adoption of new innovative technologies from innovative companies.
Providence Ventures was created to advance health care delivery by funding technology innovations and work side by side with our colleagues who are actively building a digital platform to make it easier to collaborate with early-stage companies. We also tap into the expertise and engagement from colleagues focused on services and beyond the hospital setting, at our primary and specialty care clinics, home health care, hospice, housing and more. Providence can add much more value than just capital to these collaborations, including access for early-stage companies to the continuum of care and world-class clinicians and experts. We are also refining processes that enable us to quickly implement innovations in care settings.
The Digital Innovation Group builds new software services for three customer groups: patients/consumers, clinicians and infrastructure for technology partners. Their goal is to create a seamless experience for consumers, patients and clinicians who engage with Providence. Composed of software development teams who write and integrate software. The group’s next-generation technology will deliver care on the patient’s terms: where, when and how they want their healthcare that has been to their needs.
The Consumer Innovation Group creates health related businesses in areas like women’s health, senior services and chronic disease. This group partners closely with Providence care givers and patients to create new services and tools designed to support a patient’s ongoing health between episodes of care.
All three teams work together to identify, pilot and drive adoption of new technologies and business models.