Rex Healthcare Launches Health IT-based Venture | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Rex Healthcare Launches Health IT-based Venture

April 13, 2012
by Gabriel Perna
| Reprints

Raleigh, N.C.-based non-profit healthcare system, Rex Healthcare is creating a subsidiary, Rex Strategic Innovations, to spur healthcare innovation, improve healthcare delivery and foster job creation. The initiative will include Rex Health Ventures, an early venture-capital investment fund from a community, nonprofit hospital. The fund is being launched with an initial $10 million investment from Rex Healthcare.

 “This exciting new program is another way Rex will encourage and participate in innovation,” Rex President David Strong said in a statement.

The company will also include a program to provide grants to a wide range of businesses and organizations that are working to help improve patient care or community health status.  Also included is the Rex Innovation Facilitator, which according to Rex Healthcare is a formalized way for Rex coworkers and thought leaders in the community to submit innovative ideas and receive technology commercialization and company-building services for promising concepts that could lead to new products or services.

The company will aim to invest in researchers, entrepreneurs and inventors that share in Rex’s vision to provide quality care for patients and improve overall health. It looks to provide more opportunities for advancements in care and support start-up companies that will help spur new job creation. In some cases, Rex will serve as an incubator or laboratory for new concepts and as a customer for new products and services.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Population Health Tool that Provides City-Level Social Determinants Data Expands to 500 Cities

A data visualization tool that helps city officials understand the health status of their population, called the City Health Dashboard, has now expanded to 500 of the largest cities in the U.S., enabling local leaders to identify and take action around the most pressing health needs in their cities and communities.

Trump will Nominate Acting VA Secretary Wilkie for Permanent Position

Just a day after the Department of Veterans Affairs (VA) and Cerner inked their $10 billion EHR (electronic health record) deal, President Trump said he would be nominating Acting VA Secretary Robert Wilkie for the permanent position.

ONC Names API Server Showdown Stage 2 Winner

The Office of the National Coordinator for Health Information Technology (ONC) has named 1UpHealth as the Stage 2 winner of the “Secure API Server Showdown” challenge.

EHNAC Developing Trusted Exchange Accreditation Program

To align with the Trusted Exchange Framework and Common Agreement, the Electronic Healthcare Network Accreditation Commission, a nonprofit standards development organization and accrediting body, is working with other organizations to establish a new Trusted Exchange Accreditation Program.

Lawmakers Demand New VA CIO, Citing “Malign Neglect” on EHR Project

A group of Democratic federal lawmakers, five senators and six members of Congress, are calling out the U.S. Department of Veterans Affairs (VA) for what they call “malign neglect” in the agency’s efforts to achieve electronic health record (EHR) modernization.

Medical Record Access Proves Costly for Some Patients, GAO Report Finds

Federal law requires healthcare providers to give patients access to their medical records, but according to a new GAO report, some patients believe they’re being charged too much to access their records.