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Kaiser Permanente's Dual Purpose Funding Venture

 
• By Wendy Diller

Kaiser Permanente Ventures has been carving out an unusual niche for itself in the straightforward world of corporate venture funding. While return on investment is of utmost importance to most venture funds, KP's mission is broader. Under the direction of Chris Stenzel, its goal is to not only achieve economic success but to improve quality of services and offer new ways of delivering care to members and communities.

In the three years since the giant HMO Kaiser Permanente got the entrepreneurial bug, its venture group, Kaiser Permanente Ventures, has been carving out an unusual niche for itself in the straightforward world of corporate venture funding (see "Kaiser Permanente Gets the Venture Bug,"START-UP, March 1998 [A#1998900046). While return on investment is the top priority for most venture funds, KP's mission is broader. Under the direction of Chris Stenzel, VP, its goal is not only to achieve economic success but to improve quality of services and offer new ways of delivering care to members and communities.

KP's venture group engages in three types of activities, according to Stenzel. First, it looks at business development opportunities to...

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