St. Elizabeth Healthcare and CincyTech join forces to drive healthcare innovation
St. Elizabeth Healthcare, one of the largest hospitals in the Cincinnati region, announced a strategic partnership with CincyTech, a leading venture capital firm, this week. The collaboration aims to accelerate the development and implementation of breakthrough healthcare technologies while enhancing patient care outcomes.
A Powerful Partnership for Innovation
CincyTech, renowned for its early-stage investments in transformative technologies, will work hand-in-hand with St. Elizabeth Healthcare to identify and develop cutting-edge solutions in healthcare delivery. The partnership creates a unique synergy between investment expertise and clinical excellence.
"By supporting CincyTech's mission, we are investing in the future of healthcare, fostering advancements that will improve the lives of our patients and the efficiency of our healthcare delivery," explains Vera Hall, Chief Operating Officer at St. Elizabeth Healthcare.
Emma Off, CEO and President of CincyTech, added, "we are thrilled to partner with St. Elizabeth to further our mission of investing in transformative technologies in the life sciences and digital health sectors. This investment will enable us to support visionary researchers and entrepreneurs that have the potential to make a significant impact on healthcare and patient care."
Key Benefits of the Collaboration
The partnership offers several strategic advantages:
Clinical Trial Opportunities: St. Elizabeth will serve as a potential site for clinical trials of drugs and devices developed by CincyTech portfolio companies
Technology Exchange: Ongoing sharing of information about emerging healthcare technologies and trends affecting clinical practice
Expert Evaluation: St. Elizabeth will provide crucial clinical perspective during CincyTech's assessment of potential healthcare investments
Innovation Assessment: CincyTech will offer valuable insights to St. Elizabeth regarding technologies under consideration for deployment or investment
About St. Elizabeth Healthcare
St. Elizabeth Healthcare stands as a cornerstone of medical excellence in the region, operating six facilities and more than 172 primary care and specialty practices throughout Northern Kentucky, Southeastern Indiana, and Greater Cincinnati. As a mission-driven organization sponsored by the Diocese of Covington, St. Elizabeth demonstrates its commitment to community health by providing over $100 million in uncompensated care and community benefits annually.
The healthcare system's excellence is reflected in numerous accolades, including:
Multiple hospitals achieving 5-star ratings from the Centers for Medicare and Medicaid Services
Magnet Recognition® for nursing excellence across all hospitals
American Medical Group Association's Acclaim Award for excellence and innovation awarded to its physicians group
This partnership between St. Elizabeth Healthcare and CincyTech represents a significant step forward in advancing healthcare innovation and improving patient care in Ohio and the surrounding regions. As these organizations combine their expertise and resources, the future of healthcare technology in our region looks brighter than ever.