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Why health systems are launching venture capital funds
Healthcare providers are finding their "play it safe" culture isn’t conducive to breakthrough innovation. Facing the inevitable deflationary pressures being put upon the healthcare system, innovation is critically needed. Having spoken with several innovation groups in health systems, most examples of "innovation" are decidedly uninspiring. Primarily, it is due to the fact that virtually all of their decisions have to go through the prism of how new ideas will fit with current businesses — a guarantee that will doom so-called innovation to be little more than incremental improvements. Consequently, increasing numbers of hospitals and health systems are smartly allocating money to venture funds that have free reign to find truly disruptive new businesses.
Dave Chase
Full Story: http://www.forbes.com/sites/davechase/2012/11/24/hospital-based-strategic-venture-funds-to-spark-innovation/
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