{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,17]],"date-time":"2026-04-17T04:41:50Z","timestamp":1776400910990,"version":"3.51.2"},"reference-count":12,"publisher":"Springer Science and Business Media LLC","issue":"1","license":[{"start":{"date-parts":[[2020,8,4]],"date-time":"2020-08-04T00:00:00Z","timestamp":1596499200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0"},{"start":{"date-parts":[[2020,8,4]],"date-time":"2020-08-04T00:00:00Z","timestamp":1596499200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0"}],"content-domain":{"domain":["link.springer.com"],"crossmark-restriction":false},"short-container-title":["npj Digit. Med."],"abstract":"<jats:title>Abstract<\/jats:title><jats:p>Provider health systems as venture capital investors in digital health are uniquely positioned in the industry. Little is known about the volume or characteristics of their investments and how these compare to other investors. From 2011 to 2019, we found that health systems made 184 investments in 105 companies. Compared with other investors, they were more likely to invest in companies focused on workflow, on-demand health services, and data infrastructure\/interoperability.<\/jats:p>","DOI":"10.1038\/s41746-020-00311-5","type":"journal-article","created":{"date-parts":[[2020,8,4]],"date-time":"2020-08-04T10:04:15Z","timestamp":1596535455000},"update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":20,"title":["Health systems as venture capital investors in digital health: 2011\u20132019"],"prefix":"10.1038","volume":"3","author":[{"given":"Kyan C.","family":"Safavi","sequence":"first","affiliation":[]},{"given":"Adam B.","family":"Cohen","sequence":"additional","affiliation":[]},{"given":"David Y.","family":"Ting","sequence":"additional","affiliation":[]},{"given":"Sreekanth","family":"Chaguturu","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0003-2500-8570","authenticated-orcid":false,"given":"Jack S.","family":"Rowe","sequence":"additional","affiliation":[]}],"member":"297","published-online":{"date-parts":[[2020,8,4]]},"reference":[{"key":"311_CR1","doi-asserted-by":"publisher","DOI":"10.1038\/s41746-019-0111-3","author":"SC Matthews","year":"2019","unstructured":"Matthews, S. C. et al. Digital health: a path to validation. npj Digit. Med. https:\/\/doi.org\/10.1038\/s41746-019-0111-3 (2019).","journal-title":"npj Digit. Med."},{"key":"311_CR2","unstructured":"US Food and Drug Administration. Digital health. https:\/\/www.fda.gov\/medical-devices\/digital-health (2019)."},{"key":"311_CR3","unstructured":"Day, S. & Zweig, M. 2018 Year end funding report: is digital health in a bubble? Rock Health. https:\/\/rockhealth.com\/reports\/2018-year-end-funding-report-is-digital-health-in-a-bubble\/ (2019)."},{"key":"311_CR4","doi-asserted-by":"publisher","first-page":"1389","DOI":"10.1377\/hlthaff.27.5.1389","volume":"27","author":"CJ Robbins","year":"2008","unstructured":"Robbins, C. J., Rudsenske, T. & Vaughan, J. S. Private equity investment in health care services. Health Aff. (Millwood) 27, 1389\u20131398 (2008).","journal-title":"Health Aff. (Millwood)"},{"key":"311_CR5","first-page":"w68","volume":"28","author":"DC Ackerly","year":"2009","unstructured":"Ackerly, D. C., Valverde, A. M., Diener, L. W., Dossary, K. L. & Schulman, K. A. Fueling innovation in medical devices (and beyond): venture capital in healthcare. Health Aff. (Millwood) 28, w68\u2013w75 (2009).","journal-title":"Health Aff. (Millwood)"},{"key":"311_CR6","doi-asserted-by":"publisher","unstructured":"Gondi, S. & Song, Z. The burgeoning role of venture capital in health care. Health Aff. https:\/\/doi.org\/10.1377\/hblog20181218.956406 (2019).","DOI":"10.1377\/hblog20181218.956406"},{"key":"311_CR7","doi-asserted-by":"publisher","first-page":"1047","DOI":"10.1001\/jama.2019.1077","volume":"321","author":"S Gondi","year":"2019","unstructured":"Gondi, S. & Song, Z. Potential implications of private equity investments in health care delivery. JAMA 321, 1047\u20131048 (2019).","journal-title":"JAMA"},{"key":"311_CR8","first-page":"50","volume":"70","author":"MJ Potter","year":"2016","unstructured":"Potter, M. J. & Wesslund, R. Provider venture capital funds investing in innovation. Health. Financ. Manag. 70, 50\u201359 (2016).","journal-title":"Health. Financ. Manag."},{"key":"311_CR9","first-page":"21","volume":"47","author":"D Barkholz","year":"2017","unstructured":"Barkholz, D. Special report: the transformation imperative: hospital-based venture funds bet big on health start-ups. Mod. Healthc. 47, 21\u201323 (2017).","journal-title":"Mod. Healthc."},{"key":"311_CR10","unstructured":"Rock Health. Digital Health Funding Database. https:\/\/rockhealth.com\/data\/funding-raw-data\/ (2019)."},{"key":"311_CR11","unstructured":"Abraham, T. Hospitals look to venture capital as R&D extension. Healthcare Dive. https:\/\/www.healthcaredive.com\/news\/hospitals-look-to-venture-capital-as-rd-extension\/549854\/ (2019)."},{"key":"311_CR12","unstructured":"Wolinsky, H. Hospital systems investing in startups whose products they use. Modern Healthcare. https:\/\/www.modernhealthcare.com\/article\/20150711\/MAGAZINE\/307119979\/hospital-systems-investing-in-startups-whose-products-they-use (2015)."}],"container-title":["npj Digital Medicine"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.nature.com\/articles\/s41746-020-00311-5.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/www.nature.com\/articles\/s41746-020-00311-5","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/www.nature.com\/articles\/s41746-020-00311-5.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,12,7]],"date-time":"2022-12-07T02:26:34Z","timestamp":1670379994000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.nature.com\/articles\/s41746-020-00311-5"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2020,8,4]]},"references-count":12,"journal-issue":{"issue":"1","published-online":{"date-parts":[[2020,12]]}},"alternative-id":["311"],"URL":"https:\/\/doi.org\/10.1038\/s41746-020-00311-5","relation":{},"ISSN":["2398-6352"],"issn-type":[{"value":"2398-6352","type":"electronic"}],"subject":[],"published":{"date-parts":[[2020,8,4]]},"assertion":[{"value":"22 January 2020","order":1,"name":"received","label":"Received","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"17 June 2020","order":2,"name":"accepted","label":"Accepted","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"4 August 2020","order":3,"name":"first_online","label":"First Online","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"K.C.S. has equity in Position Health. A.B.C. consults for Pear Therapeutics and Thirty Madison. He also has equity in Thirty Madison. S.C. has equity in Clarify Health Solutions. J.S.R. previously was an advisor to Excel Venture Management. The Massachusetts General Physicians Organization is a member of Partners Healthcare, which has multiple affiliated venture capital funds (Partners Innovation Fund, Translational Innovation Fund, Artificial Intelligence and Digital Translation Fund).","order":1,"name":"Ethics","group":{"name":"EthicsHeading","label":"Competing interests"}}],"article-number":"103"}}