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Few companies watch their bottom line with more anxiety than startup firms, but the ones who want to move into a new business accelerator in Columbia will need to think beyond revenue and expenses.

Howard County’s Conscious Venture Lab is on the hunt for fledgling companies practicing a form of what’s often called responsible or sustainable capitalism — businesses with aims that include but aren’t limited to profits. The accelerator’s organizers want firms that consider not just shareholders in their decisions but also a broad range of other “stakeholders” such as employees, suppliers and the environment.

GlaxoSmithKline has announced the formation of a consortium comprised of “six internationally-renowned comprehensive cancer centres”, three in North Americva and three in Europe.

In forming the Oncology Clinical and Translational Consortium (OCTC), GSK says it will benefit from the partners’ expertise in preclinical, translational and clinical development of novel anticancer therapeutics including kinase inhibitors, epigenome modulating compounds and immunotherapies. In return, the centres will have access to studies with GSK’s early-stage cancer pipeline “and opportunities to advance the next generation of novel oncology therapeutics”.

Maryland Industrial Partnerships (MIPS) promotes the development and commercialization of products and processes through industry/university research partnerships. MIPS provides matching funds to help Maryland companies pay for the university research. Projects are initiated by the companies to meet their own research and development goals.

The Life Sciences Manager is responsible for connecting Maryland companies to faculty and researchers in University System of Maryland institutions, plus St. Mary’s College of Maryland, and Morgan State University to address corporate technology development needs. The Manager facilitates the creation of academic-industrial R&D partnerships through the MIPS program, with a particular emphasis on biotechnology, medical and other life sciences. The Manager evaluates proposals on an ongoing basis and acts as a technical coordinator for the MIPS program by identifying the technical reviewers for proposals. Additionally, the Manager coordinates the economic development reviews on MIPS proposals and implements existing MIPS concepts, processes, tools and other procedures necessary to evaluate and monitor ongoing projects, and develop improved capabilities therein.

Strand Life Sciences Private Limited, a global life sciences company headquartered in Bangalore, is collaborating with the San Francisco Bay Area based El Camino Hospital to locate a Strand Center for Genomics and Personalized Medicine at the Genomic Medicine Institute of the El Camino Hospital to accelerate the adoption of next generation sequencing based research panels and counseling services by the physicians at the Hospital and its partner clinics.

A Letter of Understanding was signed on Wednesday December 4th by Dr. Vijay Chandru, Chairman and Chief Executive Officer, Strand Life Sciences and Dr. Eric A. Pifer, Chief Medical Officer of El Camino Hospital. This signals the start of a collaborative effort to bring advanced genomic tests in cardiology, oncology, pharmaco-genomics and personalized medicine to the community served by the El Camino Hospital, a community that has traditionally been an early adopter of high technology solutions.

Cerner Corp., one of the top EHR vendors in the country, is teaming up with Claritas Genomics to advance personalized medicine by building tools and connectivity that will better integrate next-generation, sequence-based diagnostic testing into clinical practice.

The relationship with Cerner will enable Claritas to tap into an existing, scalable computing infrastructure that integrates ordering of genomic sequencing tests, laboratory processing, results interpretation, return of results to the clinician and incorporation of the result in the patient’s electronic medical record, executives of both companies announced in a Dec. 5 news release.

Part of moving forward and progressing with health IT initiatives involves proactively setting new goals and establishing a roadmap for the future. The Workgroup for Electronic Data Interchange Foundation has taken this to task by releasing its 2013 report that puts forth recommendations for the health IT industry over the next decade.   

Report officials outline 10 recommendations in four critical areas of focus including patient engagement, payment models, data exchange and interoperability and innovative encounter models. 

Less than 10 percent of hospitals have warmed up to RFID technology. That’s the assessment of Mark Roberti, the founder and editor of RFID Journal, so it’s very much an emerging trend in healthcare. The idea is that by using resources more effectively, hospital staff can spend less time running around trying to find medical supplies and more time with patients.

“The reason why healthcare costs are so high is hospitals keep buying things they already have and waste money,” Roberti said at a conference organized by his Journal which focused on RFID in Healthcare. Hospitals have been so focused on the priority of saving lives that they have been slow to adopt technology that saves money.

ZocDoc dug into America’s “largest database of patient behavior” to discover the top patient trends of 2013.

ZocDoc makes it easy for people to book doctors appointments through its online booking service. More than 4 million patients use ZocDoc every month, and their interactions provide a wealth of data and insights that were never available before.

Each year, nearly $100 billion is spent in the United States on healthcare related research, with an increasing proportion of the breakthrough research being carried out in academic medical centers. While continued medical progress relies on enhanced academic-industry collaboration, the information available on the academic commercialization system function across these institutions is not uniform and often difficult to access.

The Medical Innovation Playbook is the first-ever comprehensive study of technological innovation and commercialization at the nation’s top healthcare centers.

As aging populations put a strain on cash-strapped governments, chronic illness and rare disease prevention is taking centre stage in healthcare. To meet new levels of demand, the sector is ramping up its innovative capacity through collaborations. But harnessing the disruptive potential of these partnerships is still very much a work in progress, according to participants of the INSEAD Healthcare Alumni Summit in Zurich in October this year.

Collaborations are widely seen by the sector as crucial to raise extra finance amid a credit crunch, share risk, boost research productivity, discover new therapies – and ultimately to reinvent the way healthcare is delivered. So large and small pharma companies, hospitals, pharmacy chains, venture capital firms, IT consultants, and academia are forming an array of partnerships.