Health Data Innovation: How Providence Health Care Ventures is Helping Shape Vancouver’s Economic Future

Invest Vancouver’s latest report, "Boosting Economic Landscape Through High-Tech Innovations" offers a comprehensive analysis of the transformative impact of emerging technologies on the region’s economic development. From breakthroughs in artificial intelligence to strategic initiatives fueling growth, the report offers an insightful look into how technology is shaping Vancouver's future. 

The report describes Providence Health Care as being at the forefront of innovation and PHC Ventures’ advanced Integrated Health Informatics Datalab (IHID) as one of the most advanced health data programs in Canada. 

“Managing access to data presents a universal challenge: finding a balance between security and accessibility. Opting for inaction is convenient, but forfeits the potential health improvements and operational streamlining. In Canada, various models exist to address this challenge. Among them, Providence Health Care, a not-for-profit operator of hospitals and research centres in BC, stands out. Providence Health Care Ventures, a subsidiary of Providence focused on technology partnerships and development, aims to further the integration of frontier technology such as AI with the healthcare system through a collaborative, secure, data-driven approach to improve patient outcomes.” 

Explore how Providence Health Care Ventures is leading advancements in health data and to uncover other high-tech opportunities influencing Vancouver’s economy, we encourage you to read the full report below.