OSF Ventures ready to tap third and largest fund under new leadership
Mayank Taneja transitions into lead position at OSF Ventures
OSF Ventures, the corporate investment arm of OSF HealthCare, begins a new era of leadership and investment as founding leader Stan Lynall begins a transition to retirement. For now, Lynall, the senior steward of OSF Ventures, will continue in a part-time role focused on portfolio management including board positions with eight portfolio companies.
Founded in the last quarter of 2015, OSF Ventures is part of the Innovation strategy of OSF HealthCare, a 15-hospital system in Illinois and Michigan. Investments are focused on Series A and Series B rounds for startups with digital solutions, tech-enabled services and medical technology, including medical devices, diagnostics and therapeutics.
Mayank Taneja, who joined OSF Ventures in 2016 as one of the earliest members of a high-performing team, began a new generation of leadership and stepped into the role of vice president of venture investments on June 26. Taneja has been with OSF HealthCare since 2014. He brings experience in the health care industry across multiple disciplines including the practice of medicine, working with early stage companies, supporting venture investments and innovation strategies.
In addition to direct investment in 28 companies, which is its primary focus, OSF Ventures has invested in two strategically aligned health care venture capital funds: Ascension Ventures and LRV Health. In his new role, Taneja will oversee $250 million in assets across three funds.
OSF Ventures has experienced nine successful exits since its launch. As director, Taneja led OSF investments and served as a board observer on several of these companies including: Current Health (acquired by Best Buy), SilverCloud (acquired by Amwell), CareSignal (acquired by LightBeam Health) and Paradigm Diagnostics (acquired by Exact Sciences). He has also worked closely with OSF executives across the system to foster innovation and advance new ideas and technologies; many that have been or will eventually be deployed within the OSF Ministry.
“We know as a health care system we need to constantly innovate to serve patients and caregivers better and we are always looking for new partners who can bring value to those efforts,” says Michelle Conger, OSF HealthCare chief strategy officer and CEO of OSF OnCall Digital Health.
“Stan has built a strong ventures program that helped OSF HealthCare become a leader in the world of health system-sponsored investment programs, scaled through partnerships and practical collaborations with budding tech companies that brought emerging health care solutions to our clinics and hospitals, most often before they are broadly marketed and deployed.”
“I have no doubt that Mayank’s expertise and reputation in the health care venture investment ecosystem will continue to advance our initiatives through new partners leveraging innovations that improve patient and provider experience, as well as individual health and wellness.”-
Before joining the OSF Ventures team, Taneja worked with the usability services team at OSF, supporting health care startups pilot their technologies and also performed human factor studies for FDA submission. Prior to joining OSF HealthCare, Taneja worked at Zimmer Inc. in its post market risk surveillance division as part of the Zimmer Leadership Program. He also practiced internal medicine for four years in New Delhi, India.
此次领导层换届也将标志着OSF风投第三支也是最大一支获得董事会批准的1亿美元投资基金的开始。重点仍将是医疗技术和创新的工作流程解决方案，以确保护理人员获得他们需要的东西，特别是在过去两年半的挑战之后。
Lynall adds, “As we continue to approach care in new ways, I believe Mayank will continue to excel in selecting partner startups that are focused on our strategic initiatives, engaging them on an ongoing basis offering guidance and the clinical expertise at OSF HealthCare.”
OSF HealthCare预计AI/机器学习、精准医疗、区块链和流程自动化等创新领域将出现增长。阿根廷vs巴西Taneja认为，这是一个令人兴奋的时刻，可以进一步推动OSF医疗保健的努力，成为数据和方法(如机器学习)的道德使用的领导者，以支持预防、早期诊断、治疗和改善结果。
In reflecting on his new role, Taneja says, “When I practiced medicine in India, I never imagined I would have a hand in guiding investments and connecting clinicians with opportunities to pilot revolutionary technology. I’m proud to offer strategic support that helps OSF HealthCare meet the challenges of finding better ways to care for our patients, through investments and testing tools that provide sharper imaging, AI diagnostic support for earlier and accurate diagnoses, and technology that helps our providers know their patients better, including their social needs so we can offer a more patient-centered approach to caring for them.”
但塔内贾承认，这一前景并非没有挑战。他说:“当我们考虑新的投资时，我们必须意识到，我们处在一个医疗机构越来越少，而病人却越来越多的时代。”“因此，我们投资于简化流程、优先考虑患者需求，并找到帮助人们帮助自己管理慢性疾病和保持健康的方法，将是至关重要的。”
OSF Ventures, the corporate investment arm of OSF HealthCare, invests financially, operationally, and strategically in opportunities with the potential to improve patient outcomes, enhance patient experience and reduce the cost of health care. More atosfventures.org.
OSF HealthCareis an integrated health system owned and operated by The Sisters of the Third Order of St. Francis, headquartered in Peoria, Illinois. OSF HealthCare employs nearly 24,000 Mission Partners in 150 locations, including 15 hospitals – 10 acute care, five critical access – with 2,089 licensed beds, and two colleges of nursing throughout Illinois and Michigan. The OSF HealthCare physician network employs more than 1,500 primary care, specialist and advanced practice providers. OSF HealthCare, through OSF Home Care Services, operates an extensive network of home health and hospice services. It also owns Pointcore, Inc., comprised of health care-related businesses and OSF HealthCare Foundation, the philanthropic arm for the organization. More atosfhealthcare.org.