Launched in 2015, the $35 million Intermountain 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®. The Fund is managed by Healthbox™, a partner for innovation and entrepreneurship in healthcare having worked with more than 35 healthcare organizations and over 160 early-stage companies since its founding in 2011. Caroline Arenz, Leland Brewster, Dr. Eric Louie, Neil Patel, and Jeffrey Ries oversee the Fund.
The Fund invests in healthcare IT companies with a strong provider angle that meet the following criteria:
Additionally, while a customer relationship is not a prerequisite for investment, all companies that seek to build a relationship with Intermountain–commercially, financially, or both–must show that they can improve outcomes and reduce costs.
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Intermountain Healthcare is a Utah-based, not-for-profit system of 22 hospitals, a Medical Group with more than 1,600 physicians and advanced practice clinicians at about 180 clinics, a health plans division called SelectHealth, and other health services. Helping people live the healthiest lives possible, Intermountain is widely recognized as a leader in clinical quality improvement and in efficient healthcare delivery.
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