Press Release: Former CMS CMMI launches venture to scale innovative Healthcare companies

“Today, entrepreneur and former CMS Innovation Center Director Brad Smith announced the launch of Russell Street Ventures (RSV), a firm focused on launching and scaling innovative healthcare companies to serve some of the nation’s most vulnerable patient populations.”

“RSV will launch new companies and partner with existing companies to help scale their operations. Over the next 6 to 12 months, RSV plans to launch or help scale 2-3 companies. All of the companies will serve high-needs and vulnerable patient populations or innovate in other ways that simultaneously improve quality and lower healthcare costs. At least one of RSV’s new companies will focus on rural healthcare.”

“’I am excited to return to the private sector to launch and help scale innovative companies that can solve some of our nation’s most difficult healthcare challenges,’ Smith said. ‘There are so many ways that our nation’s healthcare system can be improved, and I am excited for the ways our team will be able to help drive that change.’”

“Smith returns to Nashville after serving as Director of the Center for Medicare and Medicaid Innovation (CMMI), Deputy Administrator of the Centers for Medicare and Medicaid Services (CMS), Senior Advisor for Value-Based Transformation to the Secretary of Health and Human Services (HHS), and Deputy Director of the White House Domestic Policy Council.”

“Prior to his federal government service, Smith was Chief Operating Officer of Anthem’s Diversified Business Group and the Co-Founder and Chief Executive Officer of Aspire Health, which was acquired by Anthem in June 2018. He also served in former Governor Bill Haslam’s administration as Chief of Staff to U.S. Senator Bill Hagerty while he was Haslam’s Economic and Community Development Commissioner…” Read the full press release here.

Source: Tennessee Entrepreneur Brad Smith Launches Russell Street Ventures – March 2, 2021. Russell Street Ventures via POLITICO.

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