CVS Health (NYSE:CVS) has announced two new partnerships with startup accelerator MassChallenge and digital health venture fund Rock Health to expand its connected health solutions. On the heels of opening its digital innovation lab in Boston, these new partnerships deepen the company's commitment to creating digital health solutions.
"We know that some of the best digital health innovations are already being developed, so we've made partnering a key part of our digital efforts," said Brian Tilzer, senior VP and chief digital officer for CVS Health. "We have broad scale and resources; MassChallenge offers a competitive startup accelerator program and Rock Health has an impressive portfolio of market-leading companies. By working collaboratively with each, we can rapidly design and test new ideas—ultimately bringing solutions to our customers that will dramatically impact the way they manage their health."
Innovation is focused on the key areas of mobile, personalization, connected health and digital therapeutics. Through relationships in these markets, Boston for healthcare and San Francisco for technology, CVS aims to further its health care solutions.
MassChallenge is a strong player in the Boston technology community, designed to connect startups with the resources they need. Through the collaboration, startups will have access to CVS Health's resources to help develop customer-centric products.
Through Rock Health, CVS now has a partner in California's strong technology ties. The company's portfolio will deepen relationships between technology solutions and health care's challenges.
CVS has been increasingly focused on improving the consumer health experience through omnichannel initiatives. Earlier this year, the retailer rolled out an updated version of its app that allows users to perform key pharmacy and shopping tasks.
-See this CVS Health press release
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