Spectrum Health System
Spectrum Health Ventures, LLC Adds Commercialization Capability
Spectrum Health executive Roger Jansen, PhD, named president of the entity
GRAND RAPIDS, Mich., August 15, 2018 – Spectrum Health has added a new dimension to its investment division in an effort to broaden the scope of investment possibilities. This expansion enables Spectrum Health to commercialize products and services, and take a more active role as it invests in companies. There will be two primary areas under the Spectrum Health Ventures, LLC structure:
- Spectrum Health Velocity will carry on the work initially established by Spectrum Health Ventures, LLC. These investments tend to be more passive in nature and result in long-term returns.
- The newly created Enterprise Development & Commercialization Group (EDCG) will leverage investment and operational expertise to penetrate new markets through joint ventures. This represents a more active role for Spectrum Health, involving investments in companies and joint ventures where the health system may have a board seat, engage in business plan development and senior leadership identification.
“As a leading health system, we must continue to identify new health solutions for consumers that will lead to health management and wellness as well as better therapies and treatments,” said Tina Freese Decker, Spectrum Health, incoming President & CEO, Spectrum Health. “Partnering with other health systems and entrepreneurial companies enables us to invest and play an active role in leading-edge concepts, products and services. Revenue from these efforts will be reinvested in our mission-driven work of improving the health of our communities.”
As a result of this expansion, Roger Jansen, PhD, has been promoted to president, Spectrum Health Ventures, LLC. Roger has been serving as senior vice president and chief strategy officer with responsibility for the organization’s strategic development and planning process. A search will be conducted to fill the chief strategy officer position so that Roger can focus exclusively on Spectrum Health Ventures, LLC.
“Diversifying our approach from the traditional health system model is essential as we define our focus for the future,” said Jansen. “Health care is a dynamic, quickly-evolving industry and we are well positioned for the exciting opportunities ahead.”
Spectrum Health is a not-for-profit health system, based in West Michigan, offering a full continuum of care through the Spectrum Health Hospital Group, which is comprised of 12 hospitals, including Helen DeVos Children’s Hospital; 180 ambulatory and service sites; 3,600 physicians and advanced practice providers; and Priority Health, a health plan that served one million members in fiscal year 2018. Spectrum Health is West Michigan’s largest employer, with 26,000 employees. The organization provided $434 million in community benefit during its 2018 fiscal year. Spectrum Health has earned recognition as one of the nation’s 15 Top Health Systems six times by Truven Health Analytics®, part of IBM Watson HealthTM.