Healthcare headwinds bring opportunities to innovate

Although hospitals and health systems continue to face financial headwinds, the challenges and problems spawn new opportunities on where they can innovate, David Sylvan, Cleveland-based University Hospitals’ new chief strategy and innovation officer, told Becker’s.   

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“We’re not having a great time in healthcare,” he said. “There are tremendous headwinds, but these times also create incredible opportunities for us to rethink our operating model, to rethink how we can adjust our relationships with payers and our relationships with our patients and caregivers.”

By innovating, healthcare organizations can find ways to do things quicker, cheaper, faster and more efficiently, according to Mr. Sylvan. 

He said that as an industry, healthcare must continue to create enablement mechanisms for innovation. 

“Innovation is a lifeblood,” he said. “If we don’t continue to relentlessly innovate, it could imply an existential risk.”

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

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