Disrupting health care’s status quo
About
Spectrum Health Ventures (SHV) was founded in 2017 to manage a $100 million fund on behalf of Spectrum Health, an integrated health system based in Grand Rapids, Michigan. The fund is designed to achieve venture-class returns and create alternative revenue streams through investments that drive innovative health solutions and align strategically with Spectrum Health’s core businesses, mission and vision.
SHV offers investment capital combined with an integrated health system’s expertise to entrepreneurs and companies that are transforming health care’s status quo. Companies that partner with us can pilot their technologies in the real-world environment.
SHV is a member of AVIA, a Chicago-based organization that works with large health systems across the United States to identify key industry trends, locate companies that are addressing those trends, and provide recommendations and due diligence on which companies may be worthy of investment consideration.
Focus
SHV investment opportunities include partnering with other health care organizations in new ventures; investing in new research, products, services and emerging technologies; and bringing our own products to market.
We focus on the Quadruple Aim of simultaneously improving the health of the population, enhancing the patient and consumer experience, improving the physician and provider experience, and reducing the per capita cost of care for the benefit of the communities we serve.
Target Segments
✓ Access Solutions
✓ Population & Health Analytics
✓ Genomics & Precision Medicine
✓ Artificial Intelligence & Cognitive Computing
✓ Consumer Wellness & Behavioral Health
✓ Health-Related Products & Services
Portfolio
SHV has directly invested in Orig3n, a genomics and precision medicine company based in Boston. Several additional direct investments are pending in 2018. SHV is a limited partner in 7wire Ventures Fund, LP through which SHV holds equity in multiple companies indirectly. Check out our portfolio.
Investors can expect significant post-investment value-add when they collaborate with Spectrum Health including:
Market and Scientific Validation
Coordination of Spectrum Health Expertise and Resources
Product Development & Research
Strategic Planning
Access to Health System Talent
Spectrum Health is an integrated health system dedicated to improving the health of the communities we serve. We provide high-quality, high-value health experiences for individuals, families, employees and members. We are comprised of:
- A tertiary/quaternary medical and level 1 trauma center located in downtown Grand Rapids, Michigan, which includes Meijer Heart Center, Lemmen-Holton Cancer Pavilion, Helen DeVos Children’s Hospital, Butterworth Hospital and Blodgett Hospital as well as community hospitals located throughout West Michigan See map.
- 180 ambulatory and service sites throughout the region
- More than 3,300 physicians and advanced practice providers, including 1,400 members in the Spectrum Health Medical Group
- Our health plan Priority Health with nearly 800,000 members
- West Michigan’s largest employer with more than 25,000 employees
- Named among the nation’s 15 Top Health Systems six times by Truven Health Analytics™
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