Community Health Systems
Unlock Your Hidden Value
- Financial
- Operational
- Clinical
Prinnovo identifies and invests your hidden value into innovative companies, turning your greatest challenges into your greatest opportunities
Co-Development
All startups creating solutions for healthcare need to engage with target customers to optimize the value of the product. Health systems should receive a share of the value they help create.
Knowledge
These companies need to understand the nuances of the complex and opaque healthcare industry to be successful. Startups will provide value for access to this knowledge.
People
Your people are your greatest asset. Startups are leveraging your people and their expertise to create value for their shareholders. Prinnovo ensures your health system gets its fair share of the value created by your people.
Validation
Every innovative solution needs to be tested and validated to prove its value to health systems. Getting this validation is essential to successfully scale any new product.
Brand
Emerging companies need to leverage the health system’s credibility to establish their own brand in the marketplace. Most startups do not compensate (or even inform) their health system customers when they do this.
Data
Data is the foundation for all innovation, especially AI. Entrepreneurs go to great lengths to acquire data, such as giving products away for free and burying favorable data use language in contracts. Capturing the true value of data is essential to optimize the financial performance of your health system.
A few of our
Community Health System Partners
Are You Ready to Leverage Your Hidden Value?
Community Health Systems are Uniquely Positioned to
Capture this Hidden Value
Your size and regional dominance makes you an ideal partner for entrepreneurial companies. You are more efficient and execute more rapidly than larger health systems.
Problem:
Recognizing and Capturing Value
Community health systems typically lack the resources and bandwidth to identify and negotiate win-win innovation deals with best-in-class healthcare startups, leaving millions of dollars on the table. This problem is compounded by the cautious nature of most community-based health systems.
Prinnovo allows your community health system to better serve its patients, employees and community by bringing a continuous stream of transformative, margin-enhancing innovations into your operation.
Solution:
THE PRINNOVO HEALTH VENTURE OFFICE™
Enables community health systems to capture equity in the most innovative healthcare companies without putting significant capital at risk.
Embeds a dedicated team of entrepreneurs and venture experts, hired and managed by Prinnovo, to identify and invest your hidden value, which generates significant financial returns and advances your mission.
Identifies innovation partners, joint venture and new venture opportunities that address your needs, and facilitates the internal process to accelerate validation and adoption of the most innovative solutions.
Creates a portfolio of partnerships that will both drive millions of dollars of additional near-term margin within your operation and generate significant long-term financial returns.
Learn how the Health Venture Office model helped Cone solve critical needs while generating millions in portfolio value.
Prinnovo and its Community Health Systems are building a Network of Health Venture Offices to Collaborate and Drive Greater Value Together.
Prinnovo’s Health Venture Offices work closely together to collaborate on needs and opportunities, leveraging their combined scale to attract the most promising and innovative companies, negotiate better deals and encourage economic development for their respective communities.
Learn how the Health Venture Office model created a high-growth, venture-backed startup from internal health system IP without any health system capital.
Select Portfolio Companies
Across the Health Venture Office Network:
