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.