Providence St. Joseph Health CEO on VC Fund, Consolidation

Providence Saint Joseph Health is launching a second $150 million venture fund to invest in startups that align with its digital strategy, focusing on consumer-centric solutions. The company emphasizes digital solutions to enhance patient experience, inspired by Amazon's consumer approach. They are also preparing for potential changes in healthcare policies, particularly the Affordable Care Act and Medicaid. In terms of mergers and acquisitions, 2019 is seen as a year of coalition rather than consolidation, with strategic partnerships like Civica RX forming to address specific needs without full mergers.

What is the primary focus of Providence Saint Joseph Health's second venture fund?

• Investing in real estate

• Supporting digital consumer solutions

• Developing new pharmaceuticals

• Expanding hospital facilities

How is Providence Saint Joseph Health enhancing the consumer experience?

• By reducing hospital visits

• By increasing the number of physical clinics

• By offering free healthcare services

• By implementing digital solutions and telehealth

What is a significant concern for healthcare providers regarding policy changes?

• The increase in medical tourism

• The rise of private healthcare

• The introduction of new taxes

• Changes to the Affordable Care Act

What trend is expected in healthcare mergers and acquisitions in 2019?

• An increase in mega consolidations

• A decline in all types of mergers

• A shift towards smaller, strategic coalitions

• A focus on international partnerships

What is the role of the 340B program in healthcare?

• To provide free healthcare to all citizens

• To regulate hospital construction

• To manage pharmacy costs for providers

• To fund medical research