March 8, 2019: Through UH Ventures, University Hospitals Health System hopes it can become a powerful force to enable the next generation of health care. Formed in 2017, the venture is a critical part of the system’s innovation strategy to improve patient care and diversify revenue, says CEO Thomas F. Zenty III.
“That’s why we created this entire vertical,” Zenty says. “We want to develop business models that leverage and expand existing capabilities and position us as a leader in implementing new clinical and non-clinical transformational endeavors.”
Most venture innovation in health care is more internally focused, as health systems explore opportunities to improve from within. And that is an important component of what UH Ventures does, says Eric Beck, the company’s president.