C1 Innovation Lab, Blue Cross and Blue Shield of Texas, enter into collaboration with Capital Factory
RICHARDSON, Texas, June 21, 2021 / PRNewswire / – The C1 innovation laboratory®, in partnership with Blue Cross and Blue Shield of Texas (BCBSTX), has entered into a collaboration with Capital factory bring the best new emerging health and technology solutions to BCBSTX members and clients.
This new collaboration makes BCBSTX the first healthcare plan to be a member of the Capital Factory Innovation Council, which connects the world’s leading organizations with the most innovative startups and technologies in Texas. The C1 Innovation Lab and Capital Factory will collaborate with Texas healthcare entrepreneurs to explore, approach and pilot solutions that serve BCBSTX members, customers and our community.
Austinbased in Capital Factory is Texas’ the largest startup accelerator and its most active start-up investor. The C1 Innovation Lab, based in the city center Dallas, serves as the primary center of the Health Care Services Corporation (HCSC) for collaboration, incubation and development of new products and services. BCBSTX is a division of Chicago-based HCSC.
“In this ever-changing digital age, it is vital for us to help spur efforts to develop new products and solutions that will improve health outcomes and quality of care across the health value chain,” said the president of BCBSTX James springfield. “Startups in Texas do important work around coordinated healthcare and the use of technology to solve complex healthcare challenges, and we want to be a part of those innovative efforts. ”
Being a member of the Capital Factory Innovation Council will help advance the C1 Innovation Lab’s mission of bringing together businesses, providers, healthcare specialists, customer service representatives, and innovators to develop forward-thinking solutions that reduce waste. health care costs while improving health outcomes.
“This collaboration will provide us with opportunities to engage with new technologies and entrepreneurs at the forefront of healthcare innovation who can help us guide the way we interact with clients at all stages of the process. health, ”said Summer Wright Collins, associate vice president, design for BCBSTX. and Innovation, which runs the C1 Innovation Lab. “By participating in this process, we seek to contribute to our growth by creating innovative and competitive market offers.
The C1 Innovation Lab will interact with many startups and collaborate with innovative companies, governments and academics through meetings, roundtables and innovation summits.
“The Capital Factory Innovation Council bridges the gap between the world’s largest organizations and the best startups by Texas, in a wide range of industries. Blue Cross Blue Shield Texas’ Membership boldly strengthens our already strong health-focused community and empowers Texas startups, investors and other members of the Innovation Council to find out more, ”said Jacques Vroum III, vice president of corporate strategy, Capital Factory.
About the C1 Innovation Lab:
The C1 Innovation Lab serves as the Health Care Services Corporation (HCSC) primary hub for collaboration, incubation, and development of new products and services. HCSC is the largest customer-owned health insurer and operator of the Blue Cross and Blue Shield health plans in Illinois, Montana, New Mexico, Oklahoma and Texas.
About the Blue Cross and the Blue Shield of Texas (BCBSTX):
Blue Cross and Blue Shield of Texas (BCBSTX) – the only customer-owned health insurer in Texas – is the state’s largest health benefits provider, working with nearly 80,000 physicians and health care practitioners, and 500 hospitals to serve over 5 million members in 254 counties. BCBSTX is a division of Health Care Service Corporation (HCSC) (which operates the Blue Cross and Blue Shield plans in Texas, Illinois, Montana, Oklahoma and New Mexico), the nation’s largest health insurer and the fourth largest health insurer in total. . Health Care Service Corporation is a mutual legal reserve company and an independent licensee of the Blue Cross and Blue Shield Association.
About Capital Factory:
Capital Factory is the center of gravity for entrepreneurs in Texas, the number one startup state in the United States. Thousands of entrepreneurs, programmers and designers come together day and night, in person and online for meet-ups, classes and coworking. With boots on the ground in Austin, Dallas, Houston and San Antonio, we meet Texas’ best entrepreneurs and introduce them to investors, employees, mentors and clients. According to Pitchbook, Capital Factory has been the most active initial investor in Texas since 2010.
SOURCE Blue Cross and Blue Shield of Texas