Intermountain Innovations: Ventures focuses primarily on new ventures, strategic investing, and strategic partnerships.

New Ventures

Navican-Logo

Navican Genomics

Navican utilizes lessons learned from Intermountain’s Precision Genomics program to offer personalized treatment options enhanced by genetic testing for people with stage 4 cancer.
Empiric-Health-Logo

Empiric Health

Empiric Health uses outcomes data to reduce variation and improve healthcare costs and outcomes. The company’s initial offering is based on Intermountain’s ProComp program, which has saved Intermountain over $90M to date.
Intalere-Logo

Intalere

Intalere is a healthcare group purchasing organization and supply chain partner that manages supplies for more than 95,000 hospitals and clinics, helping them be more efficient and reduce costs.
Excelera-Logo

Excelera

Excelera lowers costs to patients through integrated, point-of-care specialty pharmacies and provides better access to limited-distribution specialty drugs for patients with complex conditions.

Investments

meeting

Intermountain Innovation Fund

Launched in 2015, the $35 million Intermountain Healthcare Innovation Fund is a strategic investment vehicle of Intermountain Healthcare. Its purpose is to source, evaluate, and invest in innovative companies that represent a high return, high growth opportunity and that align with Intermountain’s mission of helping people live the healthiest lives possible®.
More
supervisor-consultation

Strategic Investments

Intermountain Healthcare is a strategic investor with external investment firms, including Heritage Group, Health Enterprise Partners, and Ascension Ventures. Through these collaborations, we are able to expand our impact and accelerate the development of high quality care globally. 
More

Collaborations

nurse-female-tech-male-computer

Cerner and Intermountain

Intermountain’s clinical information systems collaboration with Cerner will transform healthcare by leveraging new technologies and approaches, making healthcare safer and more effective, efficient, and affordable.

Understanding that the future of healthcare requires us to make meaningful changes, leaders from Intermountain Healthcare and Cerner are committed to finding ways to advance the science and practice of medicine and improve patient care. Moreover, Cerner and Intermountain have been nationally recognized as innovation leaders, receiving acknowledgement in 2013 by Forbes and InformationWeek, respectively, as two of the most innovative companies in the United States.

The collaboration between Intermountain and Cerner will leverage Intermountain’s important work, including its industry-leading clinical processes and data warehouse, and build a new set of tools for a post-fee-for-service world in areas such as activity-based costing.

More
post-op

Savvysherpa

Our collaboration with Savvysherpa is focused on developing a program that consistently reduces post-operative bed days and complications for surgical patients. Intermountain has already done rigorous clinical research into strategies that reduce post-operative length-of-stay, which are expensive for health systems. Because surgeries are almost always paid for on a DRG-basis, hospitals generally receive no additional compensation when patients spend extra days in the hospital. On the contrary, one of the best ways for hospitals to profit from surgeries is to discharge patients quickly – as long as they can do so without increasing post-operative complications or readmissions.

Working with Savvysherpa, a novel engineering/think-tank organization with access to innovative technologies, we are considering building a new technology/services company to develop and distribute a program to reduce hospital length-of-stay and readmissions by increasing patient activity. If Intermountain can develop a program that consistently reduces post-operative bed days and complications, it will increase its profits on surgical patients. And if this program can be sold to other healthcare systems, it has the potential to become a new source of revenue for Intermountain.

More
business-dev

Healthbox: Accelerator and Foundry Programs

Intermountain Foundry supports employee innovation by providing a structured framework that turns employee ideas and near-market concepts into commercial businesses. Using proprietary, market-tested Healthbox curriculum, the Foundry works to help employee inventors, innovators, and entrepreneurs determine the commercial viability of their business concepts, and then scale them throughout Intermountain and the broader healthcare industry.

Through a structured eight-week process, employee innovators refine their business concept, validate the market opportunity, identify product development or service needs, and develop a plan for growth including go-to-market strategy and funding needs. Employees also have the opportunity to seek investment following a rigorous planning process.

Salt Lake City Healthbox Accelerator: Intermountain Healthcare and Healthbox have announced the launch of their unique healthcare innovation and venture model that harnesses internal creativity and external disruption. While the physical structure for this endeavor is being developed in Salt Lake City, adjacent to the system’s flagship medical center, the Innovation at Intermountain initiative is already stimulating collaboration between inventors, entrepreneurs, and healthcare industry experts alike to improve quality and service while making care more affordable.

The Accelerator program has selected 10 early-stage companies to participate in the inaugural Salt Lake City Healthbox Accelerator. Each of the 10 startup companies – nine from Utah and one from Massachusetts – has been offered an initial seed investment of $50,000 from Healthbox, and is participating in the three-month business accelerator in Salt Lake City. They will have unique access to Healthbox partners and a network of global experts supporting their growth in a complicated healthcare system.

In addition to announcing the 10 startups in the Salt Lake City Healthbox accelerator, Healthbox also revealed that it has set aside an additional $300,000 for potential new investments in one or more of the 10 companies participating in this initial Utah-based cohort.

More