New Orleans-based Ochsner Health System has been innovating around population-level social determinants of health since it was founded in the 1940s, well before value-based care had become a widespread priority of the healthcare industry.
Innovation
It is equally fascinating and frustrating that one of the most important characteristics increasingly valued by healthcare and business leaders alike is also one of the hardest to define. "Innovation" is not an ethereal creative wind that blows through the corridors…
Nearly everyone in healthcare is focused on innovating to improve care delivery and efficiency, but not every innovation initiative succeeds.
Innovation became more of an organizational imperative than ever before in 2019, with many hospitals and health systems creating innovation centers, programs and investment funds throughout the year.
Artificial intelligence-focused startups in the U.S. raised a total of $10.7 billion in 2019, spanning seed, early- and late-stage funding rounds for just under 500 startups, Forbes reports.
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The keys to improving management of chronic diseases such as diabetes and hypertension lie in improving pharmacologic therapy, changing behaviors and ensuring consistent surveillance, according to Richard Milani, MD, chief clinical transformation officer at Ochsner Health System.
This year, Becker's Hospital Review spoke to dozens of innovation leaders from hospitals and health systems across the country about their roles in the increasingly influential realm of innovation.
Here are 10 hospitals and health systems that have distributed innovation funds — to startups, internal projects and venture funds — in the last month, beginning with the most recent:
An artificial intelligence algorithm developed by Rochester, Minn.-based Mayo Clinic and cardiac monitoring startup Eko to analyze ECG data for evidence of reduced left ventricular ejection fraction has been designated a "breakthrough device" by the FDA.
A lack of progress in organizational innovation efforts can be easily explained by a tendency to conflate innovation with research and development — when in reality, R&D is only one small piece of the ideal innovation strategy, per the Harvard…