What it’s good to know:

– Ochsner Ventures, the funding arm of Ochsner Well being, introduced the creation of the Ochsner Louisiana Innovation Fund.

– This $10 million fund will put money into early-stage well being and health-related companies which can be based mostly in or have robust ties to Louisiana. The initiative is a joint effort between Ochsner Well being and the Louisiana Financial Improvement (LED) company, using the State Small Enterprise Credit score Initiative (SSBCI).

Concentrate on bettering well being take care of Louisiana residents

The fund is concentrated on figuring out and supporting modern firms that may enhance the well being and well-being of Louisiana residents. Precedence can be given to firms that align with Ochsner Well being’s strategic targets, together with:

• Accelerating value-driven care: Implementing fashions that prioritize affected person outcomes and price effectivity.
• Digital transformation: Utilizing expertise to enhance healthcare supply and the affected person expertise.
• Increasing Entry and Neighborhood Well being: Addressing well being inequalities and bettering the general well being of the inhabitants.

The fund may even prioritize investments in firms based by people from socially and economically deprived backgrounds. Portfolio firms will profit from mentorship and steerage from high scientific and healthcare administration professionals inside Ochsner Well being. This strategic initiative underscores Ochsner Well being’s dedication to advancing innovation and bettering healthcare supply in Louisiana. By investing in early-stage firms, Ochsner goals to create a thriving well being expertise ecosystem that advantages each sufferers and the state’s economic system.

Constructing a robust well being expertise ecosystem

Ochsner Well being has a confirmed observe report of supporting Louisiana’s well being expertise ecosystem, having invested $12 million in 9 early-stage firms over the previous six years. These firms have created greater than 235 jobs and are contributing to the state’s financial progress.

Nest Well being: First Funding

The Ochsner Louisiana Innovation Fund’s first funding is in Nest Well being, a New Orleans-based firm that gives complete care to households. Based by Dr. Rebekah Gee and Rebecca Kavoussi, Nest Well being gives in-home, digital and 24/7 assist, serving the wants of households with Medicaid protection.

“The Ochsner Louisiana Innovation Fund is likely one of the some ways we’re inspiring more healthy lives and constructing stronger communities,” stated Pete November, CEO of Ochsner Well being. “Supporting Louisiana entrepreneurs who’re creating modern applications, providers and applied sciences reinforces our dedication to bettering the well being of the state and spurring financial growth and alternative. We’re grateful to Governor Jeff Landry and LED Secretary Susan Bourgeois for his or her management and are excited to work with them to develop jobs throughout the state.”