Cleveland Clinic Innovations Names Executive Director
Gary Fingerhut Brings Depth of Health Information Technology Experience to Cleveland Clinic’s Commercialization Arm
November 1, 2013
Cleveland Clinic Innovations, the commercialization arm of Cleveland Clinic, has named Gary Fingerhut as Executive Director.
Fingerhut has served as Acting Executive Director since April and previously served two years as Innovations’ General Manager of Information Technology Commercialization.
“Gary has demonstrated considerable dedication and creativity, and his background as a successful entrepreneur made him a strong choice for this important post,” said Thomas J. Graham, MD, Chief Innovation Officer at Cleveland Clinic. “With big data and health information technology poised to provide tremendous value for our healthcare system and considerable patient benefit, Gary’s leadership and expertise in these areas will further contribute to Cleveland Clinic's worldwide leadership in medical innovation.”
HIT is the fastest growing sector of Cleveland Clinic Innovations’ portfolio of 66 spin-off companies, including Cleveland-based Explorys, a big data leader that has quickly grown to more than 100 employees in just four years.
“Cleveland Clinic Innovations has established itself as a national leader in converting inventor ideas into technologies that improve patient care,” Fingerhut said. “In this time of significant change in healthcare, we look forward to meeting the evolving needs of patients, and to reaching out globally to expand our alliances.”
This year, Innovations saw its Healthcare Innovation Alliance – a coalition that includes some of the most renowned healthcare organizations – grow to seven members. Innovations also made news this year for spinning off Shield Biotech, which is working to develop a preventive breast cancer vaccine. Last month, Innovations led the annual Medical Innovation Summit and set an attendance record while serving as the opening event for the Global Center for Health Innovation in downtown Cleveland.
During his first two years with Innovations, Fingerhut drove high growth to its HIT portfolio, spinning off three companies – iVHR, iComet and Talis Clinical. Fingerhut will continue to serve as Innovations’ General Manager of IT Commercialization
Fingerhut, who has more than 30 years of technical and management leadership experience in the software industry, serves on the board of directors of spin-off companies ImageIQ, Enforcer, Talis and iVHR. Prior to joining Innovations, he helped co-found a global software company and was a senior executive of a software-development and technology-consulting firm.
About Cleveland Clinic Innovations
Cleveland Clinic Innovations is responsible for company creation, business development and commercialization of all medical technology throughout Cleveland Clinic and its Innovation Alliance partners. Since it was founded in 2000, Cleveland Clinic Innovations has filed for over 2,200 patents, has more than 500 active licenses and has 66 spin-off companies that have received $750 million in equity investment. Nearly 1,100 jobs have been generated as a result of Cleveland Clinic Innovations and its spin-offs, having a significant impact on economic growth in Northeast Ohio. Its Alliance partners include hospitals and universities throughout the United States. Visit us at www.clevelandclinic.org/innovations.
About Cleveland Clinic
Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. U.S.News & World Report consistently names Cleveland Clinic as one of the nation’s best hospitals in its annual “America’s Best Hospitals” survey. More than 3,000 full-time salaried physicians and researchers and 11,000 nurses represent 120 medical specialties and subspecialties. The Cleveland Clinic health system includes a main campus near downtown Cleveland, more than 75 Northern Ohio outpatient locations, including 16 full-service Family Health Centers, Cleveland Clinic Florida, the Lou Ruvo Center for Brain Health in Las Vegas, Cleveland Clinic Canada, and, currently under construction, Cleveland Clinic Abu Dhabi. In 2012, there were 5.1 million outpatient visits throughout the Cleveland Clinic health system and 157,000 hospital admissions. Patients came for treatment from every state and from more than 130 countries. Visit us at http://my.clevelandclinic.org. Follow us at http://www.twitter.com/ClevelandClinic.
Joe Milicia, 216.312.0591, email@example.com