Aurora Health Care on Tuesday announced that it is taking a lead investor role in StartUp Health, a New York-based global health innovation company with more than 100 digital health portfolio companies, in order to help accelerate the review and adoption of innovations aimed at transforming the delivery of care.
The collaboration will bring together Aurora’s integrated health care system of hospitals, clinics, home care, pharmacies and physicians with StartUp Health’s broad network of health care entrepreneurs and their portfolio of innovations.
“The Aurora and StartUp Health collaboration is significant because together we can quickly identify the next generation of solutions for the people we serve,” said Dr. Nick Turkal, Aurora’s chief executive officer. “We’re living in an age where every aspect of our lives is being reinvented by technology; the opportunity now is to streamline how the most effective innovations can be applied to improve the health and wellness of our patients. With StartUp Health we can do this more quickly and efficiently.”
As a key investor in StartUp Health, Aurora will be afforded early access to proposed innovations and will be able to work side-by-side with entrepreneurs to implement solutions in Aurora’s provider and patient communities. The new collaboration will also provide Aurora with first-look opportunities to invest in, pilot and implement innovations from StartUp Health companies around the globe.
“At Aurora, our purpose is to help people live well. Our new investment in StartUp Health will help us to continue to fulfill that purpose by delivering the very best patient care in an efficient, cost-effective manner,” said Rick Klein, executive vice president of Aurora’s enterprise business group. “We are excited to work with StartUp Health as they help us identify the next generation of solutions for our patients.”
Steven Krein, co-founder and CEO of StartUp Health said, “We have a synced vision with Aurora – we’re in the most exciting time in history in health care and together we have the ability to leap forward in our approach to discovering, cultivating and delivering the best health and wellness solutions. Aurora’s spirit is the same as so many entrepreneurs passionately working on transforming health care.”
Added Unity Stoakes, co-founder and president of StartUp Health, “This is a meaningful collaboration with Aurora that we believe will not only transform the pace of how innovation makes its way to patients and doctors, but we hope will serve as a roadmap for other leaders throughout the industry. Virtually every aspect of health care is being re-imagined and there’s no better way to speed up the cycles of innovation than to collaborate to provide entrepreneurs and innovators with ongoing support, expertise and resources to grow their business. Aurora is the perfect entity to do this with.”
Aurora will immediately begin reviewing innovations proposed through the StartUp Health platform for possible adoption. Health and wellness technology startups from around the world may apply to StartUp Health at startuphealth.com/apply. Applications are reviewed every 30 days.