Wellstar invests in Engage corporate venture platform to fuel innovation

Innovation is vital to the Wellstar mission, says Candice Saunders (pictured), the health system’s president and CEO.

Building on a rich history of innovation and impact in healthcare delivery, Wellstar Health System has launched Catalyst by WellstarTM, a global digital health and innovation center.

 

As part of the center’s work, Wellstar has partnered with corporate innovation and venture platform Engage to connect and collaborate with industry-leading corporations, enterprise startups, and universities to fuel innovation. To foster meaningful discussion, action, and philanthropy around healthcare innovation, the Catalyst by Wellstar leadership team will participate in a Wellstar Foundation-hosted Innovation Series virtual event on June 15.

 

Catalyst by Wellstar is the first-of-its-kind global digital health and innovation center created and operated within a health system to holistically address healthcare disruption by harnessing problems, solutions, investments, and partnerships across industries. The center defines and drives leading-edge, transformative solutions that enhance the health and well-being of people and communities with world-class results and impact.

 

As technology continues to advance and consumers become more empowered by digital solutions and information access, innovation to solve problems and seize opportunities will evolve and impact how healthcare is delivered and used. Wellstar is committed to transforming healthcare through problem sourcing from patients, community members, physicians and team members, and partners to lead mission-driven innovation. Catalyst by Wellstar is designed to harness, accelerate, optimize, and scale people-centric solutions that:

  • Disrupt how Wellstar delivers care to create better patient and provider experiences.
  • Maximize quality and safety to improve outcomes while reducing the total cost of care.
  • Enhance health and well-being for people through access, engagement, and empowerment.
  • Optimize enterprise performance excellence, efficiencies, and productivity.
  • Impact communities and the world by designing the future of healthcare.

 

“Innovation is vital to our mission of enhancing the health and well-being of every person we serve, today and into the future,” said Candice L. Saunders, president and CEO, Wellstar Health System. “Catalyst by Wellstar positions us to lead change across our system, communities, and the healthcare industry.”

 

Catalyst by Wellstar convenes and activates best-in-class entrepreneurs, philanthropists, innovation ecosystems, research and development experts, corporate partners, academicians and scientists, and thought leaders inside and outside of the healthcare industry. The center will encompass innovation that drives positive impact related to:

  • Sustainability
  • Aging and children
  • Health equity

 

“There is endless opportunity to transform healthcare in positive and meaningful ways,” said Dr. Hank Capps, executive vice president and chief information and digital officer, Wellstar Health System. “With Catalyst by Wellstar, our system is poised to purposefully drive innovation faster than the speed of change through thought leadership and collaboration. Our global digital health and innovation center will equip Wellstar to transform the way healthcare is delivered for years to come.”

 

The first Catalyst by Wellstar partnership is an investment in Atlanta-based Engage, a first-of-its-kind collaborative innovation and corporate venture platform at the Georgia Institute of Technology. Engage brings together industry-leading corporations, enterprise startups, and universities with the shared mission of elevating Atlanta and the Southeast as a leading technology and innovation hub. Wellstar is the only healthcare company to partner with Engage. Saunders has joined Engage’s board of directors and Capps has been named to the Engage Advisory Board.

 

“As a regional and national healthcare leader, Wellstar brings critical industry perspective to the Engage platform,” said Daley Ervin, managing director of Engage. “Our corporate partners are facing challenges posed by large-scale digital transformation and rapidly evolving customer expectations. Through this partnership, Wellstar will benefit from the expertise of a broad network of industry-leading companies while also leveraging the startup and university research ecosystem on their journey to design the future of healthcare.”

 

As a result of Wellstar’s investment in Engage, the system will have the opportunity to collaborate with startup technology companies as part of the innovation process, alongside other Engage partners: Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia-Pacific, the Georgia Power Foundation, Georgia Tech, Goldman Sachs, Home Depot, Inspire Brands, Intercontinental Exchange, Invesco, Invest Georgia, Tech Square Ventures, and UPS. The Engage Fund is managed by Tech Square Ventures. Engage’s exclusive partnership with Georgia Tech, one of the country’s top research and technology commercialization universities, provides unique access to its startup, innovation, and research initiatives.

 

“Healthcare is one of the strategic areas of focus for UPS and I am thrilled to welcome Wellstar to the Engage partnership,” said Matt Guffey, president of Global Strategy and Transformation at UPS and Engage Advisory Board member.

 

The second Wellstar Foundation Healthcare Innovation Series virtual roundtable will take place on June 15, 2021 from noon to 1:30 p.m. The event will focus on “Designing the Future of Healthcare,” with emphasis on the role of technology and innovation. The Series convenes community, philanthropic, and thought leaders to facilitate conversation and collaboration to propel the transformation of healthcare. More than 100 participants attended the inaugural event and engaged in discussion about how to enhance health equity. For more information, contact email hidden; JavaScript is required.

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