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Innovation

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The concept of "design thinking" has surged in popularity in recent years as those outside the design department have realized the appeal of an approach to innovation that prioritizes creativity and meeting consumers' needs.

Minneapolis-based Vensana Capital, a new venture firm partnering with medical technology companies, launched Sept. 4 with the close of its oversubscribed inaugural fund, Vensana Capital I.

All too often, strategies put in place to accelerate innovation end up slowing down the entire process — when, for example, a fast-moving decision-making process moves too quickly past the evaluation stage and results in half-baked ideas.

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

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