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Hospitals discover their inner venture capitalist
Modern Healthcare

When Cedars-Sinai Health System launched a program last year to help young companies get off the ground, it received 500 applications for 11 spots.The Los Angeles-based academic medical center, which is partnering with Techstars, an organization that provides guidance to startups, saw mentoring entrepreneurs as part of its community benefit mission and also as a way to keep pace with the wave of innovation that’s transforming healthcare delivery—much of it driven by consumer demand.“We’re seeing more and more expectations that technology can really uplift people’s lives in healthcare,” said Omkar Kulkarni, who directs the accelerator program. “Health systems like Cedars-Sinai are learning how to speed up.”