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Nishant Uppal
Instructor in medicine at Massachusetts General Hospital and co-author of a NEJM perspective on venture capital investments by academic medical centers, with expertise in health‑system finance and policy implications.
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Nov 26, 2025
• 12min
NEJM Interview: Nishant Uppal on the emergence of venture capital investing by academic medical centers and its potential implications.
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Nishant Uppal, an instructor in medicine at Massachusetts General Hospital, discusses the rise of venture capital investments by academic medical centers. He highlights how financial pressures from COVID and rising costs are pushing these institutions to diversify. Uppal explains the structure of venture capital funds and notes that many AMCs are investing in unrelated companies. He raises concerns about unclear returns and calls for better oversight and policy responses to financial pressures affecting healthcare.
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