Mercy is Participating in ITEN’s Corporate Innovation Program to Collaborate with St. Louis Tech Startups
(ST. LOUIS) November 6, 2017 – ITEN (www.itenstl.org) is excited to announce that St. Louis-based Mercy, named one of the top five large U.S. health systems in 2017 by Truven, is participating for a second year in its Corporate Innovation Program (CIP).
The CIP aims to bring together two complementary communities – established, experienced corporations and nimble, innovative tech startups – to foster symbiotic relationships in support of launching new ventures. As one of the nation’s “Most Wired” health systems, Mercy and its IT division, Mercy Technology Services, are recognized innovators in health care. With several structured initiatives, the CIP will connect Mercy and new technology innovators in mutually beneficial ways.
Throughout ITEN’s 9-year history, significant focus has been placed on supporting and educating scalable tech startups. With the addition of the CIP, tech startups gain additional value from market access and customer research. “In the first year of the Corporate Innovation Program, we worked with five corporate partners to drive innovation deeper into the St. Louis region,” said ITEN Executive Director Mary Louise Helbig. “To date, we have facilitated introductions of over 35 startups to our corporate partners. In addition to being a mechanism to foster new innovation, we anticipate that some of the introductions may lead to mutually-beneficial relationships in the form of mentoring, pilot testing, customer engagement, or investing. This is a very significant component of the commercialization process for tech startups, and Mercy has been a valued partner to the program and our startup community.”
“This partnership is exciting because it gets Mercy a seat on the launch pad with the region’s most talented startups,” said Dan Magoc, Mercy’s vice president of business transformation. “It’s about access to ideas, innovation and collaboration – which is at the core of who Mercy is as a pioneer, opening doors to new models of health care.”
Founded in 2008, ITEN added the Corporate Innovation Program in 2015 to its growing suite of core offerings to accelerate tech startups including Concept Development, Business Model Validation, Mock Angels and its Entrepreneur-in-Residence program.
ITEN provides a foundational system for entrepreneurs to work together towards building strong startups and a vibrant tech ecosystem. ITEN provides unique programs, events, and access to resources that accelerate tech venture success. ITEN’s programs form a venture roadmap from concept through design, prototype, launch, revenue, funding and rapid scaling. Guidance from serial entrepreneurs, subject matter experts and important community influencers helps entrepreneurs focus on essential critical tasks and avoid wasted efforts. Access to corporations, investors, key service providers and qualified talent means lower barriers to rapid growth. Designed by entrepreneurs for entrepreneurs, requiring neither payment nor equity, ITEN is a unique community asset and a proven route to venture success. Follow ITEN on Twitter at @itenstl and visit our website at itenstl.org to learn more.
Mercy, named one of the top five large U.S. health systems in 2017 by Truven, an IBM Watson Health company, serves millions annually. Mercy includes 44 acute care and specialty (heart, children’s, orthopedic and rehab) hospitals, more than 700 physician practices and outpatient facilities, 40,000 co-workers and more than 2,000 Mercy Clinic physicians in Arkansas, Kansas, Missouri and Oklahoma. Mercy also has outreach ministries in Arkansas, Louisiana, Mississippi and Texas.
About Mercy Technology Services
Mercy Technology Services provides and manages technology solutions for Mercy, the nation’s first health care provider accredited to offer a full suite of electronic health record solutions to other hospitals, including Epic in the cloud, implementation and optimization. MTS’s award-winning data analytics integrate care delivery, manage costs and support a model of care that keeps patients healthier and out of the hospital.