October 18-20 | Tucson, AZ

The Research Institution GAP Fund and Accelerator Program Summit

Hospitals bet big on venture capitals

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October 18-20, 2023 / Tucson, AZ
The annual summit for research institution gap fund and accelerator programs, including proof of concept programs, startup accelerators, and university venture funds

The Story

When the coronavirus first appeared in the United States two years ago, hospitals soon realized that the pandemic would disrupt not only their ability to provide care, but also their financial lines.

As hospitals became overburdened with COVID-19 patients, lucrative inpatient numbers collapsed, and many operators are still recovering. Some hospitals have moved their focus to outpatient service lines and alternative revenue sources, such as investments, to compensate for fluctuating revenue.
According to an analysis conducted by Healthcare Dive, more hospitals — particularly large nonprofit systems with substantial cash pools — are acting more like venture capitalists as they ramp up investments in companies with products they can use and scale, all with an eye toward what might generate a return on investment down the line.

Full, Original Source here: Hospitals bet big on venture capital amid COVID-19 revenue flux | Healthcare Dive

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