Today, DIGITAL, Canada’s Global Innovation Cluster for digital technologies, announced more than $53 million in new co-investments to advance AI-driven solutions across various industries. Providence Health Care (PHC) Ventures is a key partner in this initiative, contributing to advancements in healthcare with the aim of improving patient care and delivery.
PHC Ventures focuses on bridging the gap between innovation and implementation in healthcare. This collaboration with DIGITAL represents a notable development in their ongoing efforts. By utilizing PHC’s expertise, along with partnerships with FluidAI and Medtronic, the initiative seeks to enhance patient outcomes and the future of healthcare.
Featured Partnerships
Medtronic: Enhancing Pressure Injury Management
In collaboration with Medtronic, efforts are underway to address pressure injuries (bedsores) using AI-driven technology. These injuries impact an estimated 26% of patients across Canada and can lead to extended hospital stays and diminished quality of life. Medtronic’s AI solutions, developed in partnership with PHC Ventures, aim to enhance patient outcomes and optimize care management, targeting a significant need in healthcare. Read more
FluidAI: Transforming Postoperative Care
In partnership with PHC Ventures, FluidAI is developing an AI-powered platform to enhance postoperative patient management. This technology aims to assess risks related to postoperative complications, including anastomotic leaks and respiratory depression. The platform is designed to support surgeons in making informed decisions and facilitating earlier interventions, which may help improve patient recovery times and outcomes. Read more
A Commitment to Innovation and Excellence
DIGITAL’s investment highlights reflect a broader commitment to harnessing AI’s transformative potential across various sectors. PHC and PHC Ventures are involved in these initiatives, contributing to advancements that enhance patient care and support healthcare excellence. PHC Ventures role as an enterprise and commercialization engine is more crucial than ever.
As PHC Ventures continue to expand their portfolio of innovative collaborations, they are not just witnessing healthcare transformation; PHC Ventures is ensuring AI and other cutting-edge technologies translate into meaningful, measurable improvements in the care provided to patients every day.
For more updates on our projects and the future of healthcare innovation, visit Innovarium.org.
