“Chicago ARC brings together the best global technology, startups and care models with the health equity needs of healthcare providers and the communities they serve” commented Chicago ARC Executive Director, Kate Merton, Ph.D., M.B.A. “Today, we are able to share incredible progress toward defining collaboration priorities where, together with our partners, we can drive equitable innovation to transform health care in Chicago, Illinois, and across the Midwest. And, by focusing on real-world needs that represent urban and rural communities across the U.S., we will bring technologies to market significantly faster than the traditional incubator and accelerator approaches.”
Chicago ARC’s Healthcare Partners will define health equity market needs, contribute best practices, and serve as committed pilot sites and customers for technologies that meet defined solution requirements.
Stephen K. Klasko, M.D., M.B.A., former President of Thomas Jefferson University and CEO of Jefferson Health, and North American Ambassador, Sheba Medical Center and ARC, noted “Chicago ARC is taking radical collaboration to the next level by bringing together the amazing traditional healthcare ecosystem in Chicago and fourth industrial revolution technologies to bring population health, social determinants, and health equity from philosophic and academic exercises to the mainstream of clinical care in Chicago and beyond.”
Founding Healthcare Partner, UIUC, along with Illinois Tech are the first institutions to join as Founding Innovation Partners, which means they have formalized a commitment of their expertise and capabilities to support the success of health systems and startups.
“The Chicago ARC and its network of leading partner organizations creates the ideal way for Sheba to translate our learnings and best practices to the U.S. healthcare market. The commitment, collaboration, and expertise of the partners at the table demonstrates why the Chicago ARC model and this region are the perfect place for Sheba and our startup network to focus in the U.S.,” added Professor Eyal Zimlichman, Deputy Director General, Chief Transformation Officer, and Chief Innovation Officer at Sheba Medical Center.
The Chicago ARC additionally announced the finalized partnership agreement with Sheba to make it the North American epicenter for the Newsweek Global Top-10 Hospital’s global startup network. Sheba will also collaborate with Chicago ARC partners on sharing and developing technology-based care model best practices.
“Making Chicago the preferred destination for groundbreaking startups is a top priority for World Business Chicago”, stated WBC CEO Michael Fassnacht. “The Chicago ARC and its significant network of healthcare and innovation partners are delivering on the vision for Chicago and Illinois as the global hub for health equity innovation. The resulting collaborations and approaches will move the needle on equitable healthcare locally and create replicable models that scale across the U.S.”