More than 40 percent of companies in the Fortune 1,000 have grown more confident in the competitive advantage of their innovation strategies and investments in the past year, according to a new survey from KPMG and Innovation Leader.

Salt Lake City-based Intermountain Healthcare will allot a total of $200,000 in Genomic Innovation Grants, benefiting biomedical research projects aiming to accelerate precision medicine treatments.

Though email, text messaging and other instant, virtual modes of communication are undeniably groundbreaking innovations, they are not always the most conducive to sparking innovation themselves.

The quality of an organization's innovative output has a positive correlation with the installation of a CEO with a proven track record of high-impact inventions, a recent report suggests.

Beyond sparking ideas that boost revenue and customer satisfaction, innovation hubs can also spur their organizations' overall digital transformation — as long as the hub is established with clear and relevant goals in place.

The University of Illinois at Chicago's colleges of medicine, nursing and pharmacy are each launching new clinical simulation centers to provide students with thousands of hours' worth of hands-on training.

CommonSpirit Health Senior Vice President and Chief Strategic Innovation Officer Rich Roth outlines how the system built its innovation team and how consumerism affects healthcare delivery.

Baptist Health South Florida named Mark Coticchia the Coral Gables-based health system's inaugural corporate vice president for innovation.

Mark Coticchia was named corporate vice president of innovation for Baptist Health in September, responsible for working with Founder and Medical Director of Miami Cardiac & Vascular Institute Barry Katzen, MD, to develop the Innovation Institute Miami.

UnitedHealthcare and Boulder, Colo.-based seed accelerator Techstars announced the first 10 startups to join their digital health innovation-focused accelerator program.

The Blue Cross Blue Shield Association announced the five finalists in its Data Innovation Challenge, in which digital health startups were tasked with developing claims data-based approaches to reducing costs and improving outcomes.

Mayo Clinic announced a 10-year strategic partnership with Google, which will provide the Rochester, Minn.-based health system with technological support to advance digital healthcare innovation.

The University of Washington School of Medicine in Seattle and Spokane, Wash.-based Gonzaga University will establish a new facility focused on medical education, health sciences and innovation.

Fast Company announced its annual Innovation by Design awards on Sept. 9, honoring the best-designed, most effective and forward-thinking tools and solutions of the year.

Significant reforms are necessary in researchers' relationships with drug regulators and physicians to ensure their discoveries are accessible to those who need them most, according to Janet Woodcock, MD, director of the FDA's Center for Drug Evaluation and Research.

The U.S. outranks the rest of the world in facilitating the growth of a digital business ecosystem, according to a new analysis from the Harvard Business Review.

Microsoft and AstraZeneca launched the AI Factory for Health, an accelerator program for early-stage companies using artificial intelligence to address issues in healthcare.

The University of California Irvine's Institute for Clinical and Translational Science received a grant from the National Institutes of Health to advance its innovative research and development efforts.

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.

The University of California Los Angeles will use a grant from the U.S. Economic Development Administration to establish the UCLA Biodesign Hub for Medical Technology and Digital Health Innovation, the university announced Sept. 4.