Innovation

HealthTrust, a Nashville, Tenn.-based developer of total spend management solutions for healthcare providers, awarded Innovation Grants to Boston Medical Center and Centennnial, Colo.-based Centura Health.

Together, the members of an organization have the potential to develop smarter, more inventive ideas than they could on their own — but only if company culture prioritizes collaboration and innovation.

Houston-based MD Anderson Cancer Center and international pharmaceutical company Boehringer Ingelheim have established a Virtual Research and Development Center to accelerate research into new cancer treatments.

Here are six invaluable pieces of wisdom and advice about the role of innovation in healthcare that executives from hospitals and health systems across the country have shared with Becker's Hospital Review this year:

Not all game-changing new ideas stem from completely novel brainstorming sessions — many of the most impactful innovations have actually resulted from merely taking the time to notice and address something missing in a common, everyday experience.

For many of history's most transformative innovations — so-called "moonshot" projects such as the internet, the iPhone and, yes, the moon landing — the difference between failure and success is razor-thin.

UCHealth launched a skill for the Amazon Echo that allows users to ask the Aurora, Colo.-based system's virtual assistant, Livi, for information about health conditions and hospital services.

Hospitals and health systems continue to make sizable investments in innovation — in the form of new research and development centers, training facilities and partnerships with other healthcare organizations, to name a few.

Ignite Healthcare Network, a Houston-based nonprofit organization dedicated to advancing the roles of women in healthcare, announced on Aug. 6 the latest cohort of 13 startups for its accelerator program.

Startups integrating artificial intelligence into healthcare collectively received a record-breaking amount of funding from venture capital firms in the second quarter of 2019, according to a new report from CB Insights.