12/7/2023 0 Comments Optum ventures![]() The facility has a team of international researchers that will use technology and big data to improve healthcare delivery.Īlso, Cedars-Sinai recently named 10 new startups for investment in its third round of its health technology accelerator. Other recent investments include Northwell Health’s $15 million 20,000 square-foot Center for Health Innovations and Outcomes Research, which is part of the Feinstein Institute of Medical Research. Optum is not the only company earmarking millions to advance healthcare innovation, though. It works with about 300 health plans, including the insurance arm of UnitedHealth Group, UnitedHealthcare, the largest health insurer in the nation. Optum has virtually every payer and over 5,000 hospitals in its portfolio. The marrying of cutting-edge technology and big data is nothing new, but Optum Ventures has the behemoth of Optum analytics and its technology-enabled health services business. Both have experience in starting, advising and leading innovative healthcare enterprises. Breitenstein and Virginia McFerran, UnitedHealth Group said.īreitenstein and McFerran will run the venture fund offices in Boston and Menlo Park, California. Optum CEO Larry Renfro is managing partner of Optum Ventures, but though the company is also funded by Optum, it will operate independently under the leadership of partners A.G. The venture fund will invest in companies that use data and insights to help improve consumers’ access to healthcare services and how care is delivered and paid for, according to a statement from UnitedHealth Group, Optum’s parent company. ![]() Fraser.Optum on Tuesday launched the venture fund Optum Ventures, which has $250 million to invest in digital health startup companies. Red Ventures received cash proceeds in exchange for contributed assets under the terms of the agreement, and UnitedHealth Group will consolidate RVO Health financials in future financial statements, according to Mr. "The JV will accelerate RV Health's access to new products, services and solutions, as well as provide access to a sizable first-party data audience, while UHG will enhance it's digital transformation and momentum from Red Venture's technology platform and digital marketing expertise," wrote Gregory Fraser, vice president and senior analyst with Moody's corporate finance group. RVO Health combines the 120 million UnitedHealth Group customers and 50 million members with Red Ventures' more than 95 million monthly unique visitors, according to the July 7 Moody's report. Red Ventures is a portfolio of brands including Healthgrades, Healthline Media, Optum Perks, Optum Store and virtual coaching platforms, which are now part of RVO Health. Optum Health is the healthcare provider arm of Optum, a UnitedHealth Group company, that includes primary care physicians, ASCs and urgent care facilities providing care to 100 million patients. Optum Health and Red Ventures partnered to launch a comprehensive consumer healthcare platform, RVO Health, according to a Moody's Investors Service report. Past Issues - Becker's Clinical Leadership & Infection Control.Current Issue - Becker's Clinical Leadership & Infection Control.Becker's Cardiology + Heart Surgery Podcast.Becker's Ambulatory Surgery Centers Podcast.Becker’s Digital Health + Health IT Podcast.Digital Innovation + Patient Experience and Marketing Virtual Event.Conference Reviewers: Request for More Information. ![]() ![]()
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