Though innovation departments are expected to accomplish big goals, their teams don't need to be equally big — and, in fact, they shouldn't be, for reasons that go far beyond the obvious reduced costs and simplified management structure.
Innovation
The Institute for Health Innovation at Highland Heights-based Northern Kentucky University has established a mentoring program for early-stage companies designing new products to solve healthcare challenges.
Congressional proposals regarding drug pricing will reduce the financial incentives that spur the discovery and development of new treatments, therefore staunching the flow of biomedical innovation, according to Elizabeth Nabel, MD, president of Brigham Health.
Regardless of the storm of personal and professional drama that seems to follow CEO Elon Musk, there is no denying the vast success of Tesla, which has not only led the auto industry's charge toward electric vehicles but also boasts…
Grand Rapids, Mich.-based Spectrum Health will build a virtual center to advance pediatric health innovation, backed by a $15 million gift from insurance broker Acrisure.
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Among key tech trends for the months and years to come is the need for organizations to strengthen their "innovation DNA," as emerging technologies, IT skills and ideas increasingly determine future success, according to a new Accenture report.
Healthcare may be the most difficult industry in which to launch an innovative new company — even for physicians and others with firsthand, frontline experience in the field — due to increased government regulation and the required scientific backing.
Capital Rx, a pharmacy benefit manager lowering drug prices by building a marketplace that connects pharmacies and employers, was named on Feb. 6 the "Innovation Champion" of Accenture's HealthTech Innovation Challenge.
With women making up the majority of its 80-person team, the Innovation and Digital Health Accelerator program at Boston Children's Hospital stands apart from its peers not only in the realm of hospital innovation, but also in the tech industry…
While innovation initiatives are often seen as a financial imperative for hospitals and health systems, the value proposition for patients can play an even greater role in determining adoption, a recent study from Boston-based Brigham and Women's Hospital finds.