In the 2020s, innovation in medicine and healthcare will be defined by diversity, consumerization and even more intelligent artificial intelligence, all of which will help create solutions to the industry's biggest challenges.
Innovation
Peoria, Ill.-based OSF HealthCare's venture arm participated in a $7.3 million funding round for Socially Determined, a startup using data analytics to identify patients in need of social services and other resources, OSF Ventures announced Oct. 28.
Peter O'Neill, executive director of Cleveland Clinic Innovations, can't choose just one of Cleveland Clinic's innovation initiatives to highlight: "It's hard to pick your favorite child," he told Becker's Hospital Review.
Artificial intelligence could solve healthcare's biggest challenges, but not without swift action from leaders in healthcare, technology and regulatory bodies to ensure AI is not just effective, but safe and equitable for all, according to Microsoft's Geralyn Miller.
Google and artificial intelligence startup care.ai announced a partnership Oct. 24 to bring autonomous monitoring technology to hospital rooms to prevent avoidable falls, protocol breaches and other medical errors, and improve staff efficiency.
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Saeed Hassanpour, PhD, a computer scientist at Lebanon, N.H.-based Dartmouth-Hitchcock Norris Cotton Cancer Center, will use a $1.5 million grant to develop machine learning approaches that use data from medical records to predict lung cancer patients' responses to targeted therapies.
The U.S. continues to dominate Reuters' annual list of the "Most Innovative Universities," claiming nearly half of the 100 institutions on the 2019 list, and eight in the top 10.
Todd Dunn is the director of innovation for Intermountain Healthcare and leader of the Healthcare Transformation Lab, where he oversees the Salt Lake City-based system's wide variety of new and ongoing innovation projects.
Cleveland Clinic released its Top 10 Medical Innovations list for 2020 during an Oct. 23 presentation to round out the health system's 17th annual Medical Innovation Summit.
Avia, a Chicago-based digital health consulting firm for healthcare providers, announced Oct. 23 an influx of $22 million in funding from strategic investors and 12 health system members of its Innovator Network.