The Innovation Institute (La Palma, Calif.). The Innovation Institute came to fruition in 2013 as a for-profit limited liability company, and now encompasses 15 portfolio companies with revenues exceeding $200 million. The Institute’s mission involves developing solutions via collaboration and providing more care with fewer resources. The Innovation Institute comprises three elements: The Innovation Lab, The Enterprise Development Group and The Fund. Five nonprofit health systems — Avera, Bon Secours Health System, CHOC Children’s, Franciscan Missionaries Of Our Lady Health System and Providence St. Joseph Health — are member owners of The Institute. In September, Mercy Health, a Catholic health ministry serving Ohio and Kentucky, signed on as the sixth member owner, bringing its experience as a 23-hospital, $6.3 billion health system to the collaborative.
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At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.