Cedars-Sinai Launches Digital Innovation Hub to Advance Healthcare Solutions
Newswise — LOS ANGELES — Cedars-Sinai is launching a new Digital Innovation Platform to create transformational solutions for some of the most pressing challenges in healthcare. The initiative will leverage Cedars-Sinai’s world-class clinical expertise, infrastructure, research capabilities and vast data resources to develop companies that tackle healthcare issues, in partnership with Cedars-Sinai staff, investors and venture-builder Redesign Health.
The U.S. healthcare system continues to face significant challenges, including rising costs, workforce shortages, inefficiencies and the growing complexity of patient care. Cedars-Sinai is launching the Digital Innovation Platform to address these challenges by developing and scaling healthcare solutions that are clinically effective, operationally scalable and financially sustainable.
“Cedars-Sinai is uniquely positioned to develop new and innovative ways to fix some of the most pressing problems in healthcare today, thanks to our focus on translational medicine and our ability to bring together leading-edge clinical care, research, AI and strategic industry relationships to benefit our patients,” said Peter L. Slavin, MD, president and CEO of Cedars-Sinai and the David and Meredith Kaplan Presidential Chair. “This bold approach and unique ecosystem will allow us to address healthcare challenges on a deeper level and move faster by collaborating with key partners to develop innovations that have been shown to work in real-world, clinical environments.”
Cedars-Sinai will leverage the scalable innovation model created by Redesign Health, a venture builder that has successfully launched more than 60 healthcare companies in the past seven years. Together, they will develop a sustainable innovation center by tapping the resources and network of an academic healthcare system. With this new platform, they hope to nurture a digital innovation ecosystem in Los Angeles to improve the delivery of high-value healthcare.
The Digital Innovation Platform will source external talent—healthcare business strategists, engineers, data scientists and others—who will leverage Cedars-Sinai’s internal clinical expertise and emerging technology to develop and scale new digital health solutions that address critical needs within the healthcare system. Cedars-Sinai is striving to identify solutions for personalized medicine, specialty care access, hospital workflow optimization, clinical decision support, and increased coordination among patients, providers and payers.
Cedars-Sinai clinicians, researchers and staff members will have the opportunity to participate in a new, structured entrepreneurship program to identify challenges in their everyday work that could be addressed through the Digital Innovation Platform. The program will focus on fostering a culture of entrepreneurship among staff members while providing guidance and mentorship to help them better recognize digital innovation opportunities. The newly formed companies will likewise benefit from the clinical expertise of Cedars-Sinai’s staff.
The Digital Innovation Platform will source experienced founders to lead the new companies, and Cedars-Sinai will be their first large-scale customer to validate solutions. Founders will gain access to an integrated data platform Cedars-Sinai is developing that uses deidentified, secure and synthetic data—artificial data that mimics real-world patterns. This enterprise tool will provide access to large, diverse datasets supplying critical infrastructure and insights. The data will facilitate the use of AI and other emerging technologies during the design of digital solutions while supporting development at every stage of company growth.
Founders will fine tune these digital solutions in a variety of real-world clinical settings at Cedars-Sinai, benefitting from the organization’s large network of providers, sites of care and strategic partnerships.
“We’re pleased to partner with Cedars-Sinai to launch transformative healthcare companies, combining our experience launching healthcare companies with their exceptional clinical expertise and longstanding dedication to driving innovation in healthcare,” said Brett Shaheen, founder and CEO of Redesign Health. “By harnessing Cedars-Sinai’s groundbreaking medical research, expansive provider network and clinical insights, we’re uniquely positioned to develop transformative businesses that not only address unmet needs but also shape the future of healthcare on a global scale.”
The partnership will lay the foundation for a sustainable model that brings together ideas, funding and clinical expertise to address some of healthcare’s most critical challenges through digital innovation.
“With the Digital Innovation Platform, we hope to catalyze a broader healthcare innovation ecosystem in Los Angeles—connecting universities, entrepreneurs, investors and other healthcare leaders to foster a thriving hub for digital health innovation,” Slavin said.
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