Novant Health has announced the launch of a new business division designed to innovate and support scalable solutions for some of the health care industry’s biggest challenges. Operating as an independent business entity, Novant Health Enterprises (NHE) will better enable partnerships with other health care organizations, create diversified growth and generate value for Novant Health’s core business. Some of Novant Health’s existing services will move over into this new division, and additional service offerings will be developed and acquired. NHE will accelerate the improvements Novant Health is making through its investments and partnerships focused on clinical, operational and technological advancements.
Envisioned as an incubator to accelerate the development of solutions that promise to unlock clinical, financial and patient value at scale, the health system’s new venture will bring to market innovative solutions that empower all patients to live healthier lives – while enabling physicians to focus on delivering the best possible care. Novant Health Enterprises will build on the health system’s considerable scale and prominence as well as the strength of its strategic partnerships and will focus on three core areas over the next five years:
- developing transformational clinical capabilities
- continued expansion into non-acute settings
- commercializing differentiating digital solutions
Novant Health Enterprises will be led by Dean Swindle, who will serve as executive vice president of Novant Health and president of this new division. Swindle has over 30 years’ experience as a financial and strategic executive in both national and regional health systems and has developed transformational growth activities and industry-leading capabilities.
Angela Yochem will serve as chief operating officer and general manager of Novant Health Enterprises in addition to her current role as Novant Health executive vice president and chief transformation and digital officer. Yochem has over 25 years’ experience in new business creation and operation, delivery of world-class consumer experiences and differentiating technologies, and development of advanced solutions for the competitive advantage of global companies at scale.