Falls Church, Virginia-based nonprofit healthcare provider Inova Health System has launched an investment unit and an accelerator program in a push to optimize care quality at the organization and in the region.
Inova Strategic Investments will invest in healthcare venture funds and in companies that align with Inova’s strategic priorities such as advanced analytics, clinical practice innovations and information technology advances, Inova said Tuesday.
The Inova Personalized Health Accelerator program seeks to provide education and capital to as many as eight companies each year to support the development of personalized health technologies that will work to help clinicians predict, prevent and treat disease.
“The healthcare industry is undergoing dramatic transformation, including advances and disruption in clinical practice and precision medicine, the increased availability of health data online and growing consumer engagement in personal wellness,” said Inova CEO Knox Singleton.
Singleton added industry changes present new opportunities for the nonprofit provider to develop and adopt new technologies for care delivery.
Inova also appointed Hooks Johnston and Pete Jobse as managing directors of ISI and IPHA.
Johnston joined Inova from venture capital firm Valhalla Partners, where he served as a general partner and co-founder.
He also worked as managing director at FBR Technology Venture Partners and president at Descartes Systems Group after the latter merged with Roadshow International, which Johnston also led as CEO.
Jobse previously served as CEO of the Center for Innovative Technology; senior vice president at ArcSight; chief operating officer of Condor Technology Solutions; and vice president and general manager of Electronic Data Systems.