Christiana DelloRusso, partner, Providence Ventures, explains what Providence Ventures is doing to help Providence St. Joseph Health, the third largest non-profit health system in the country, become “the most consumer focused and digitally enabled health system in the country.”
In this interview conducted at the Digital Healthcare Innovation Summit, DelloRusso explains how a former Amazon executive Aaron Martin is leading the system’s charge into digital technology.
She also tells entrepreneurs what to expect if they secure Providence Ventures as an investor in their start-up.
In the accompanying video, Martin, Providence St. Joseph Health’s chief digital officer, explains how the venture group seeks out and funds innovative ideas.
“We’re building a digital platform for health care on the one hand and then making direct investments through Providence Ventures to help power that,” said Martin.
According to Martin, the group has established four innovation entities: a venture capital team, which manages a $150 million venture capital fund that has made nine investments to date; a software development team that is “stitching together the different pieces of technology we’re investing in”; a consumer health incubator; and an online marketing channel, which includes apps and websites.