OSF Innovation

What OSF Innovation does

OSF Innovation is the centralized innovation division of OSF HealthCare, a Catholic non-profit health system headquartered in Peoria, Illinois with 15 hospitals and 10,000+ employees, tracing its origins to the Sisters of the Third Order of St. Francis in 1877. Formally established in 2016 at the Jump Trading Simulation & Education Center — a $50 million facility opened in 2013 through a partnership between OSF HealthCare and the University of Illinois College of Medicine Peoria — the division brings together Applied Research, Digital Innovation Development, Advanced Analytics, Data and Analytics Services, OSF Innovation Studio, Jump Simulation, OSF Ventures, and Performance Improvement under one structure. Its core technology stack spans healthcare simulation, AI/machine learning (including predictive modeling such as a 30-Day Readmission Risk Model), NLP, computer vision (Advanced Imaging and Modeling Lab converting MRI/CT to 3D models), VR/AR applications, and blockchain, supported by a network of at least ten specialized labs.

Name

OSF Innovation

Legal name

OSF Healthcare System

Website

https://osfinnovation.org

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Healthcare Innovation Services

NAICS

Scientific Research and Development Services (5417), Research and Development in the Physical, Engineering, and Life Sciences (54171), Computer Training (611420), Computer Systems Design and Related Services (5415)

SIC

Services-Health Services (8000), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Health Informatics & Digital Health Programs (EDAHAGAJ)

akta.pro secondary industries

Applied Research & Innovation Universities (EDAHAEAE), Technical Enablement & Adoption Services (Change Management, Adoption, Champions) (BPAEANAC)

Keywords

• Healthcare innovation services
• Medical simulation education
• Healthcare data analytics
• Clinical research partnerships
• Venture capital investment

Headquarters

HQ city

Peoria

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Innovation Services (Internal): OSF Innovation operates as the innovation arm of OSF HealthCare, providing services to the parent healthcare system. Revenue is generated through operational funding rather than direct customer billing.
2. OSF Ventures Investment Returns: OSF Ventures, the corporate investment arm, invests in healthcare companies with potential to improve patient outcomes. Returns come from equity appreciation and successful exits.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

OSF Innovation is the internal innovation arm of OSF HealthCare that inspires, mentors, and partners to transform healthcare delivery. It operates simulation-based education at the Jump Trading Simulation & Education Center, delivers healthcare data analytics and AI/ML capabilities, runs a corporate venture investment fund (OSF Ventures), and connects clinicians with academic and startup partners to develop, pilot, and commercialize healthcare solutions.

Product overview

OSF Innovation is an integrated healthcare innovation hub under OSF HealthCare, combining multiple platforms and programs. The core of the organization is Jump Simulation, a collaboration with the University of Illinois College of Medicine Peoria that provides simulation-based education and innovation. This is supported by Healthcare Analytics for data-driven decision-making, and OSF Innovation Labs for specialized research including Advanced Imaging and Modeling, Blockchain, Data Science, Children's Innovation, Design, NeuroHealth, and Nursing labs. The Innovation Academic Incubator connects clinicians with university partners through programs like Jump ARCHES, Community Health Advocacy, and Connected Communities Initiative. OSF Innovation Studio helps Mission Partners advance ideas to implementation or commercialization. OSF Ventures provides corporate venture investment. Together with educational programs including fellowships, certificates, and the Dr. Richard Pearl Lectureship Series, OSF Innovation creates a comprehensive ecosystem for healthcare transformation.

Differentiator

Problem solved

Functional benefit

Brands

• Jump Simulation: A collaboration between OSF HealthCare and the University of Illinois College of Medicine Peoria, transforming global healthcare by improving outcomes and lowering costs through simulation, collaboration and applied science.
• OSF Ventures
• Innovation Academic Incubator
• Jump ARCHES
• OSF Innovation Studio
• Jump Trading Simulation & Education Center
• OSF HealthCare Accelerated
• Jump STEAM

Products and services

• Jump Simulation A collaboration between OSF HealthCare and the University of Illinois College of Medicine Peoria, Jump Simulation is a leader in healthcare education, simulation, and innovation. It provides immersive learning, simulation-based curriculum development, and professional training for medical professionals.
• Healthcare Analytics An embedded analytics team within a 15-hospital healthcare system that designs and maintains an Enterprise Data Ecosystem. Builds and deploys models including advanced analytics, business intelligence, performance management, predictive modeling, machine learning, and natural language processing.
• OSF Innovation Labs A collection of specialized labs exploring, developing, testing, and scaling healthcare solutions. Includes Advanced Imaging and Modeling Lab, Blockchain Lab, Clinical Intelligence and Advanced Data Lab, Children's Innovation Lab, Design Lab, Interprofessional Education Lab, NeuroHealth Lab, STEAM Lab, RHAIN Lab, and Nursing Lab.
• Innovation Academic Incubator A network connecting clinicians across the OSF HealthCare Ministry with faculty and students from university partners to develop and execute innovative healthcare solutions, convert them into companies, or license them to outside companies.
• OSF Innovation Studio A program helping OSF HealthCare Mission Partners rapidly advance ideas from exploration to implementation or commercialization. Provides intellectual property cultivation, funding, competition platforms like Trailblazer Challenge, and startup studio collaborations.
• OSF Ventures The corporate investment arm of OSF HealthCare that invests financially, operationally, and strategically in healthcare opportunities with potential to improve patient outcomes. Focus areas include Health IT, medical devices, therapeutics, diagnostics, and technology-enabled delivery solutions.
• Jump ARCHES Jump Applied Research for Community Health through Engineering and Simulation is a strategic partnership with the Health Care Engineering Systems Center of The Grainger College of Engineering at the University of Urbana-Champaign. Pairs teams of clinicians and engineers to improve patient outcomes and reduce healthcare costs through grants and collaborative development.
• Simulation Fellowship & Certificate Programs Educational programs preparing medical professionals and non-clinicians to develop, deliver, and debrief exceptional simulation experiences. Includes a two-year Fellowship in Simulation-Based Education (with optional MHPE), a Clinical Simulation Fellowship, and a Certificate in Simulation (72-hour program).
• Jump Applications A suite of free mobile applications for healthcare simulation and training including Medical Cart AR, Digi-DDx, Anticoagulation Guide, Ventilator Guide, Patient Safety AR, OR Orientation in VR, Surgical Aseptic Procedures, PPE Procedures, and additional medical education tools.
• External Technology & Services Partnership Program A formal partnership program enabling startups, corporations, and technology companies to test, pilot, implement, and scale healthcare solutions within the OSF HealthCare system, providing access to clinical validation environments and a pathway to commercialization.

Quantifiable outcome

• OSF Trailblazer Challenge resulted in OSF Digital Hospital at Home and Acute COVID@Home programs
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature5 records

Partnerships

15 partnerships are on record, tiered core, flagship and minor.

• University of Illinois College of Medicine PeoriacoreStrategic or Co-development Partner · 1 January 2013Founding academic partner in Jump Simulation collaboration. Partners on clinical education, research, and innovation programs. Joint leadership of Innovation Academic Incubator and Jump ARCHES program.
• University of Illinois Urbana-Champaign (Grainger College of Engineering)coreStrategic or Co-development PartnerStrategic partnership through Jump ARCHES program with Health Care Engineering Systems Center. Clinician-engineer teams collaborate on healthcare innovation projects funded through grants.
• Illinois State UniversitycoreStrategic or Co-development PartnerConnected Communities Initiative partnership addressing healthcare challenges in communities through multidisciplinary teams in clinical education, healthcare engineering, data science, and cybersecurity.
• Bradley UniversitycoreStrategic or Co-development PartnerInnovation for Health (IFH) partnership under Innovation Academic Incubator focused on healthcare innovation collaboration.
• University of Illinois ChicagocoreStrategic or Co-development PartnerCommunity Health Advocacy (CHA) program partnership addressing health and wellness challenges in urban communities through multidisciplinary projects leveraging UIC's 16 colleges and health sciences system.
• White House (Healthcare AI Commitments)flagshipStrategic or Co-development PartnerOSF is one of 38 forward-thinking payers and providers working with the White House to determine how AI models can responsibly drive change in healthcare. Focus on transparency, safety, and fairness in AI innovation.
• AVIA PartnersminorStrategic or Co-development PartnerHealthcare innovation partnership network collaborating on healthcare technology solutions.
• MassChallengeminorStrategic or Co-development PartnerHealthcare innovation accelerator partnership supporting startup companies in healthcare technology.
• Matter PartnersminorStrategic or Co-development PartnerHealthcare innovation partnership and startup ecosystem collaboration.
• DreamitminorStrategic or Co-development PartnerHealthcare innovation accelerator partnership supporting digital health startups.
• gener8torminorStrategic or Co-development PartnerHealthcare innovation accelerator partnership.
• DistilleryLabsminorStrategic or Co-development PartnerInnovation partnership focused on healthcare technology development.
• AbundantminorStrategic or Co-development PartnerInnovation partnership collaboration.
• HAI (Healthcare AI)minorStrategic or Co-development PartnerHealthcare AI innovation partnership.
• KidsXminorStrategic or Co-development PartnerPediatric healthcare innovation partnership.

Scale indicators6 records

Recent moves9 records

Expansion highlights7 records

Others

• HIMSS: Healthcare information and management systems society. Adjacent rather than directly competitive; provides industry events, education, and policy advocacy in the digital health space where OSF Innovation also operates (e.g., AI in healthcare, digital transformation).
• CAE Healthcare: Commercial medical simulation vendor. Not a direct innovation hub peer but highly relevant as a competing supplier of simulation technology and curriculum that OSF Innovation's Jump Simulation program could either partner with or displace.

Direct peers

• UPMC Enterprises: The venture and innovation arm of UPMC. Comparable to OSF Ventures and OSF Innovation in investing in and commercializing healthcare technologies, with similar focus on clinical validation within a large hospital network.
• Mass General Brigham Innovation: The innovation and venture arm of Mass General Brigham. Directly comparable as a multi-hospital academic health system operating technology transfer, venture investment, and startup acceleration programs similar to OSF Innovation.
• Geisinger Center for Innovation: Geisinger Health's innovation arm focused on healthcare transformation through data analytics and technology pilots. Comparable to OSF Innovation as a multi-program innovation hub within an integrated delivery network.
• Cedars-Sinai Accelerator: Cedars-Sinai's healthcare technology accelerator, which partners with startups to pilot solutions within a major health system. Directly comparable to OSF Innovation's external partnership and piloting programs.
• AVIA Health: Healthcare innovation network and consulting firm that partners with health systems on technology adoption. Listed as an explicit partner of OSF Innovation; comparable in providing healthcare innovation collaboration infrastructure.
• Mayo Clinic Platform: Mayo Clinic's healthcare data and innovation platform. Comparable to OSF Innovation's Healthcare Analytics and AI work in providing clinical-grade data infrastructure, AI partnerships, and external technology piloting within a major health system.
• Cleveland Clinic Innovations: The technology transfer and commercialization arm of Cleveland Clinic, comparable to OSF Innovation in its hospital-based model for spinning out and investing in healthcare innovation. Both combine venture investment, piloting infrastructure, and academic partnerships.

Broad incumbents

• Kaiser Permanente Innovation: Innovation and advanced technology group within Kaiser Permanente. Broader in scope than OSF Innovation but serves a similar function of incubating and scaling new care delivery models, digital health tools, and AI applications within a large health system.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/OSFInnovation
• Facebookfacebook.com/OSFInnovation
• LinkedInlinkedin.com/company/osfinnovation

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OSF Innovation