The Answer to Innovative Healthcare? It’s Probably Outside the Walls of Your Hospital

South by Southwest (SXSW) in Austin, TX, has gained a reputation as a conference where cutting edge technology and ideas are launched. To give you an idea, 11 years ago Twitter launched at SXSW. So, it’s not surprising that other hot ideas—including those related to healthcare—were being discussed in Austin last month.

On opening day of SXSW, there was a panel discussion that included three execs from UPMC discussing how their organization is piloting a program whereby UPMC becomes a strategic investor in healthcare-related start-ups.

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MedSpeed’s CEO Wins Loyola University Chicago Supply & Value Chain Center’s Supply Chain Innovation Award

By Bonni Kaplan DeWoskin, Vice President of Marketing

 

We talk a lot about innovation in this space, so I’m excited to announce that our CEO, Jake Crampton has been selected as the winner of the Loyola University Chicago Supply & Value Chain Center’s Supply Chain Innovation Award. Jake accepted the award the award at Loyola’s 5th Annual Supply Chain and Sustainability Summit.

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Frugal Innovation: Healthcare’s Answer to Transformation?

Often, innovation and technology are thought of as the same thing. But, aren’t there ways to innovate that aren’t tied to huge investments in the latest and greatest technology? Innovation isn’t only about “stuff,” it’s also about looking at new or different approaches that can move the needle on productivity and other outcomes.

Along these lines, a recent Becker’s Health IT article caught my attention. The subject was “frugal innovation,” the idea of doing more with less. The healthcare industry is particularly primed to take a serious look at frugal innovation.

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Fear Stymies Innovation…BUT it shouldn’t

Things move forward at a rapid pace because of innovation and we’ve been hearing for quite a while now about the need for greater innovation in healthcare. Innovation in healthcare has been challenging due to many factors, including the fast pace of change and a general fear of failure.

Last week in Becker’s Hospital Review I read a post discussing healthcare’s fear of failure and how that stymies innovation. The article’s author interviewed Louis Burns, CEO at Intel-GE Care Innovations, who discussed the importance of being a disrupter in your own industry, if change is indeed going to happen. To overcome this innovation stagnation in healthcare, Mr. Burns says that healthcare leaders need to take big risks and reimagine the healthcare delivery system.

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