Connecting Innovation with Opportunity At Cofactor, we're passionate about building bridges between innovative healthcare startups and the resources they need to thrive. Our recent Healthcare Demo Day exemplified this mission, bringing together nine remarkable companies working to transform healthcare delivery, diagnostics, treatment, and patient experience. What makes Chicago’s healthcare innovation scene so unique is the intersection of world-class hospitals, top research i

Chicago has emerged as a vibrant nerve center for healthcare technology innovation, with a thriving ecosystem of startups tackling some of the industry's most pressing challenges. As healthcare continues to undergo rapid digital transformation, our city is positioning itself at the forefront of developing solutions that improve access, quality, and efficiency of care. We organized our Healthcare Demo Day to spotlight this incredible local talent and create meaningful connecti

Introduction Recent data from the American Hospital Association reveals that between 2022 and 2023, Medicare Advantage claim denials increased by a staggering 55.7%, representing billions in contested revenue for U.S. hospitals (AHA, September 2024) . With hospital operating margins hovering at just 2.5%, DRG downgrades represent a significant threat to financial sustainability. This guide provides hospital administrators with a practical, step-by-step approach to identify, p

We're thrilled to welcome an exceptional group of healthcare leaders to judge our upcoming Healthcare Demo Day. With diverse backgrounds spanning clinical care, innovation, finance, and technology, these industry experts bring invaluable perspectives to evaluate promising healthcare startups.

When healthcare giant Steward Health Care filed for bankruptcy  earlier in May 2024, it sent shockwaves through the industry, challenging long-held assumptions about the stability of large hospital systems. The collapse resulted in five hospital closures and approximately 2,400 job losses across Massachusetts, Florida, and Ohio, with most remaining hospitals transitioning to new owners. Amidst this upheaval, a surprising trend has emerged: mid-sized hospitals are hitting a "G

ProPublica reveals how EviCore uses AI to deny healthcare claims, transforming patient restrictions into profits.

Texas' aggressive Medicaid review has left over 2 million residents without healthcare coverage, creating a crisis that affects the state's