Jefferson Health partners with venture capital firm on digital health

Jefferson Well being on Monday introduced an innovation partnership with Common Catalyst, below which the not-for-profit well being system will have the ability to faucet right into a set of expertise corporations to assist its digital transformation efforts.

Philadelphia-based Jefferson Well being may have entry to corporations in Common Catalyst’s well being assurance community, a bunch that includes healthcare expertise corporations that the agency’s invested into. Well being assurance describes a transfer away from so-called “sick care” and towards a healthcare system that gives extra proactive and preventive affected person care.

Jefferson Well being will faucet into the community to implement and co-develop instruments that enhance affected person expertise, ease its transition to value-based care and diversify its revenues steams, amongst different targets.

The partnership builds on earlier collaborations between Dr. Stephen Klasko, Jefferson Well being’s CEO and president of Thomas Jefferson College, and Hemant Taneja, managing companion of Common Catalyst. Final 12 months, Klasko and Taneja co-authored a guide on well being assurance and the necessity to transfer towards a system that prioritizes preventive care. Klasko introduced final week he will retire on the finish of the 12 months.

Common Catalyst’s well being assurance community contains software program corporations like Commure, Olive, Tendo and Transcarent.

The partnership is a part of Common Catalyst’s effort to reimagine how a venture-capital agency operates, not solely funding corporations, but in addition serving to to construct them.

Common Catalyst was the highest digital well being investor in 2021’s third quarter, in response to knowledge from Mercom Capital Group, collaborating in 9 funding rounds. Exterior of healthcare, Common Catalyst has invested into corporations like Airbnb, Grammarly, Kayak, Snap and Warby Parker, and was additionally an early investor in Livongo, which has since been acquired by Teladoc Well being.

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