To create long-lasting innovative changes in a healthcare organization, leaders have to consider that innovation requires a distinct set of skills. Here are four ways leaders can boost innovation in their health systems:
- Choose leaders that have a background in both healthcare and investment and avoid leaving innovation under the total remit of the CIO, given it involves the entire organization.
- Health systems should look at how to collaborate with other businesses or startups that they invest in to enable the creation of a joint innovative product and service.
- Don’t place the entire innovation strategy in the hands of startup accelerators or incubation hubs. While they can bring value to the system, their end goals may not align with the health system’s in the long-run.
- Look to often overlooked groups for talent and help support young leaders to grow.
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
