Issue link: https://beckershealthcare.uberflip.com/i/1479669
65 INNOVATION CXO of Vanderbilt University Medical Center to step down By Molly Gamble P aul Sternberg, MD, is stepping down from his roles of chief patient experience officer of Vanderbilt University Medical Center and chief medical officer of Vanderbilt Medical Group, the Nashville, Tenn.-based system announced Aug. 16. Dr. Sternberg has served as executive director for 2,500 physicians in the Vanderbilt Medical Group in his CMO role, assumed in 2009. He took on the system CXO role in 2014, overseeing key programs related to patient and family engagement and satisfaction. Dr. Sternberg is also stepping down from his roles as chair of the department of ophthalmology and visual sciences and director of the Vanderbilt Eye Institute, effective June 30, 2023. He created the institute shortly aer he arrived at Vanderbilt in 2003, helping raise money to build the facility that opened in 2008. A widely recognized medical and surgical retinal specialist, Dr. Sternberg will continue to see patients. A search committee will be convened to conduct a nationwide search for his successor. n Mayo and Mercy's collaboration aims to speed up algorithm development, validation By Naomi Diaz I nnovation might be a buzzword in healthcare nowadays, but hospitals and health systems are making large investments in tech and spinoff companies. Here are six innovation projects from the last two months: 1. Pittsburgh-based UPMC Enterprises was part of a $12.5 million series A-1 funding round Aug. 11 for Abridge, a startup that uses artificial intelligence for medical documentation. 2. Neenah, Wis.-based ThedaCare invested $3 million in care automation startup Qventus as part of a $50 million growth capital round, the health system said Aug. 9. 3. Rochester, Minn.-based Mayo Clinic joined a $45 million funding series B round July 28 for artificial intelligence company Diagnostic Robotics. 4. St. Louis-based Ascension Ventures co-led a $50 million series D financing round July 26 for Elation Health, a primary care-focused EHR firm. 5. University of Chicago Medicine and Sinai Chicago joined a Chicago-based initiative June 30 to increase health equity through innovation, the centerpiece of the city's $3.8 billion development of the 100-plus-acre former Michael Reese Hospital campus. 6. Cleveland Clinic led a $33 million series B funding round June 27 for medtech spinoff Centerline Biomedical. n Image Credit: Vanderbilt University Medical Center