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. Now Aegis has named the nine health system partners participating in the consortium.
The health systems collaborating with Aegis include 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. Founding members were selected through a rigorous evaluation process for their demonstrated track records of leadership and innovation in care delivery and quality, Aegis said. Together, they represent over $65 billion in operating revenue, and more than 300,000 employees.
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, will serve as chairman of the Digital Consortium.
“Health systems must play a central role in designing the next generation of healthtech innovation, and I am honored to serve at the helm of this initiative,” said Noseworthy, in a statement. “As we embark on this endeavor, our focus is clear – to address the fundamental challenges in healthcare through a unified, innovative approach, and accelerate the translation of ideas into tangible solutions that put patients at the center and address growing burnout among healthcare workers.”
The creation of the Digital Consortium follows a three-year period of co-creation between Aegis and Northwell Health, New York's largest health system. To date, Northwell and Aegis have partnered to build and grow four companies spanning patient engagement, women’s health, AI-enabled diagnostics, workflow automation, and emotion analytics. The partnership provided a template for health system-led innovation, Aegis and Northwell said.
“Our collaboration with Aegis Ventures has exemplified what’s possible when you combine leading clinical, technology, and business resources to advance healthcare innovation,” said Michael Dowling, president and CEO of Northwell Health, in a statement. “Together we’ve fast-tracked the creation of cost-effective, validated solutions that solve important challenges across our enterprise and can now be replicated with health systems across the country. The Digital Consortium harnesses health systems’ collective expertise to foster groundbreaking solutions, redefining healthcare delivery for the better.”
