UPMC, Vanderbilt Join Aegis Ventures’ Digital Consortium
The Aegis Ventures Digital Consortium continues to grow with the addition of UPMC Enterprises and Vanderbilt Health.
In January 2024, Aegis Ventures, a New York-based venture studio focused on health IT and healthcare artificial intelligence, announced plans to develop a “Digital Consortium,” a group of health systems partnering to build, launch, and deploy digital health products addressing challenges in care delivery and operational efficiency. The alliance of nine systems announced earlier this year are: Endeavor Health, Indiana University Health, Memorial Hermann Health System, Northwell Health, Novant Health, Ochsner Health, The Ohio State University Wexner Medical Center, Sharp HealthCare, and Stanford Health Care.
Aegis said these 11 systems will work together with the common goal of reimagining the healthcare experience for all stakeholders through an innovative health system-led approach to build and invest in new technologies.
Working with the Digital Consortium’s founding members, Aegis intends to co-develop an ecosystem of synergistic companies that address core clinical and operational pain points. AI and automation coupled with deep healthcare expertise will be a unifying theme across the portfolio.
John Noseworthy, M.D., Emeritus President and CEO of Mayo Clinic, is serving as chairman of the Digital Consortium.
UPMC Enterprises has more than 40 active investments in early to late-stage growth companies. UPMC Enterprises' focus on clinician-scientist and health system-led innovation aligns closely with the goals of the Digital Consortium.
Vanderbilt Health, based in Nashville Tenn., is a part of Vanderbilt University Medical Center, one of the largest and most prominent academic medical centers in the Southeast. As an academic medical center, Vanderbilt Health has focused on launching creative solutions in areas such as pharmacy, supply chain, and employer health services, bringing a track record of business building to the Digital Consortium.
"I'm thrilled to welcome UPMC Enterprises and Vanderbilt Health to the Digital Consortium," said John Beadle, Co-Founder and Managing Partner of Aegis Ventures, in a statement. "These new partners are already putting innovation at the center of what they do. By combining their knowledge with that of our existing health system partners, we have the ability to make a real difference in the solutions that are being created across both healthcare and technology."
