innovation Archives - MedCity News https://medcitynews.com/tag/innovation/ Healthcare technology news, life science current events Tue, 19 Sep 2023 20:53:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://medcitynews.com/uploads/2021/03/cropped-mblue-32x32.png innovation Archives - MedCity News https://medcitynews.com/tag/innovation/ 32 32 40682243 3 Tech Investment Lessons From Houston Methodist’s Chief Innovation Officer https://medcitynews.com/2023/09/innovation-technology-healthcare/ https://medcitynews.com/2023/09/innovation-technology-healthcare/#respond Tue, 19 Sep 2023 16:41:02 +0000 https://medcitynews.com/?p=649137

Roberta Schwartz, Houston Methodist’s chief innovation officer, has had years of experience overseeing technology adoption at her organization. At a conference, she highlighted how important it is for digital health tools to have strong EHR integrations and encouraged hospital leaders to not be afraid of starting various technology initiatives in unrelated areas.

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Glen Tullman’s 5 Predictions for Healthcare’s Future https://medcitynews.com/2023/04/glen-tullmans-5-predictions-for-healthcares-future/ https://medcitynews.com/2023/04/glen-tullmans-5-predictions-for-healthcares-future/#respond Wed, 19 Apr 2023 00:59:01 +0000 https://medcitynews.com/?p=631719

Glen Tullman — CEO of care navigation company Transcarent, as well as former CEO of Allscripts and Livongo — discussed what he thinks the future of healthcare will look like during the HIMSS conference in Chicago. He laid out five predictions, including an increased focus on consumer expectations and more investment in AI.

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J&J CEO: Our R&D Infrastructure Helps Us Maintain Innovation Amid an Uncertain Economy https://medcitynews.com/2023/01/jj-ceo-our-rd-infrastructure-allows-us-to-maintain-innovation-amid-an-uncertain-economy/ https://medcitynews.com/2023/01/jj-ceo-our-rd-infrastructure-allows-us-to-maintain-innovation-amid-an-uncertain-economy/#respond Mon, 16 Jan 2023 15:09:28 +0000 https://medcitynews.com/?p=620512

Johnson & Johnson’s CEO believes the company will maintain its strong reputation for innovation amid changing economic conditions because of its hefty investments in research and development. He said it’s crucial to invest both internally and externally, as some of the most innovative and lucrative opportunities come from outside companies.

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Meet the First Startup to Come Out of UC Davis Health’s Innovation Incubator https://medcitynews.com/2023/01/meet-the-first-startup-to-come-out-of-uc-davis-healths-innovation-incubator/ https://medcitynews.com/2023/01/meet-the-first-startup-to-come-out-of-uc-davis-healths-innovation-incubator/#respond Thu, 12 Jan 2023 22:28:50 +0000 https://medcitynews.com/?p=620323 future, change, innovation

UC Davis Health announced the first startup to come out of its health tech innovation incubator. The company, named WellCent, is a platform that allows patients and caregivers to onboard medical devices into their home and access digital health resources.

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3 Ways to Foster Innovation From Within https://medcitynews.com/2022/12/3-ways-to-foster-innovation-from-within/ https://medcitynews.com/2022/12/3-ways-to-foster-innovation-from-within/#respond Wed, 07 Dec 2022 18:30:24 +0000 https://medcitynews.com/?p=612256 light bulb, innovation, idea

Give innovators guidelines that reward hard-fought failures. Look outside your organization and industry for breakthroughs to adapt, rather than products or procedures to adopt. Innovation isn’t something you acquire. It’s something you grow from within.

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Why UNC Chose AWS as Its Cloud Partner to Launch 10 Startups Over 3 Years https://medcitynews.com/2022/12/why-unc-chose-aws-as-its-cloud-partner-to-launch-10-startups-over-3-years/ https://medcitynews.com/2022/12/why-unc-chose-aws-as-its-cloud-partner-to-launch-10-startups-over-3-years/#respond Thu, 01 Dec 2022 23:35:52 +0000 https://medcitynews.com/?p=615682

The innovation institute run by the University of North Carolina at Chapel Hill teamed up with Amazon Web Services to create a venture studio to turn the university’s digital health research concepts into full-fledged startups. AWS’ platform beat out the other major cloud providers because it was “the most entrepreneurial,” according to the venture studio’s managing director.

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Hospitals Can’t Afford to Lag Behind on Cloud Adoption, Microsoft Exec Argues https://medcitynews.com/2022/11/hospitals-cant-afford-to-lag-behind-on-cloud-adoption-microsoft-exec-argues/ https://medcitynews.com/2022/11/hospitals-cant-afford-to-lag-behind-on-cloud-adoption-microsoft-exec-argues/#respond Tue, 29 Nov 2022 01:49:03 +0000 https://medcitynews.com/?p=614953

Healthcare has historically trailed other industries when it comes to the adoption of new technology. But providers that fail to get serious about bucking this trend are putting their businesses at risk for closure, according to John Barto, Microsoft’s chief digital transformation officer. Many clinicians end up leaving behind institutions that make them feel like they are stuck with archaic workflows and data management systems, he said.

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Inside a VC Firm’s Strategy to Advance Equity and Diversity in Health Tech Innovation https://medcitynews.com/2022/11/inside-a-vc-firms-strategy-to-advance-equity-and-diversity-in-health-tech-innovation/ https://medcitynews.com/2022/11/inside-a-vc-firms-strategy-to-advance-equity-and-diversity-in-health-tech-innovation/#respond Wed, 23 Nov 2022 18:44:19 +0000 https://medcitynews.com/?p=614695 race, racial groups,

Third Culture Capital (3CC) is a venture capital firm founded with the mission to foster more equity and diversity in health technology innovation. 3CC Founder and Managing Partner said the firm is intentional about connecting to the “unique lived experiences” of the founders it invests in, as this approach ensures that it is not just checking its diversity boxes.

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UnityPoint CEO warns other health systems not to make the same tech adoption mistake that his did https://medcitynews.com/2022/10/unitypoint-ceo-warns-other-health-systems-not-to-make-the-same-mistake-his-did-with-tech-adoption/ https://medcitynews.com/2022/10/unitypoint-ceo-warns-other-health-systems-not-to-make-the-same-mistake-his-did-with-tech-adoption/#respond Fri, 21 Oct 2022 02:28:42 +0000 https://medcitynews.com/?p=609874

UnityPoint Health CEO Clay Holderman said his health system made a mistake when it used to leave decision making concerning new technology adoption up to the director of its venture fund instead of involving its frontline clinicians. UnityPoint’s clinicians didn’t take too well to this, so the health system re-structured its technology adoption process to prioritize the voices of its clinical staff.

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Digital health solution: That shiny new object has your attention. Now what? https://medcitynews.com/2022/10/digital-health-solution-that-shiny-new-object-has-your-attention-now-what/ https://medcitynews.com/2022/10/digital-health-solution-that-shiny-new-object-has-your-attention-now-what/#respond Thu, 06 Oct 2022 12:30:22 +0000 https://medcitynews.com/?p=603019

Digital health could range from EMR to Remote Patient Monitoring (RPM) solutions. For the purposes of this article, we’re focusing on patient interfacing solutions. Use these 15 screening questions to help your organization determine whether a solution is right for you.

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Redesign Health rakes in $65M to help fund the next generation of health startups https://medcitynews.com/2022/09/redesign-health-rakes-in-65m-to-help-fund-the-next-generation-of-health-startups/ https://medcitynews.com/2022/09/redesign-health-rakes-in-65m-to-help-fund-the-next-generation-of-health-startups/#respond Wed, 14 Sep 2022 21:53:57 +0000 https://medcitynews.com/?p=604384

Redesign Health, a company that creates healthcare startups, closed a $65 million Series C funding round. The company has already built more than 40 startups — such as cancer care technology provider Jasper Health, home health company MedArrive and weight loss startup Calibrate.

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The new paradigm in drug development: Why platform technology is the solution patients and payers need https://medcitynews.com/2022/05/the-new-paradigm-in-drug-development-why-platform-technology-is-the-solution-patients-and-payers-need/ https://medcitynews.com/2022/05/the-new-paradigm-in-drug-development-why-platform-technology-is-the-solution-patients-and-payers-need/#respond Sun, 08 May 2022 20:00:55 +0000 https://medcitynews.com/?p=584865

The model of investing huge amounts of money into one drug to try to recoup it later is problematic at best and unsustainable at worst. Platform technology provides a better, more cost-effective way forward.

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Overcoming healthcare’s reluctance to technological change https://medcitynews.com/2022/05/overcoming-healthcares-reluctance-to-technological-change/ https://medcitynews.com/2022/05/overcoming-healthcares-reluctance-to-technological-change/#respond Tue, 03 May 2022 19:46:40 +0000 https://medcitynews.com/?p=579981

To stay competitive and differentiate themselves, hospitals, physicians and practices must use technology to enhance the patient experience while simultaneously improving outcomes.

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How AI is helping to address staffing shortages in healthcare https://medcitynews.com/2022/05/how-ai-is-improving-efficiency-to-help-address-staffing-shortages-in-healthcare/ https://medcitynews.com/2022/05/how-ai-is-improving-efficiency-to-help-address-staffing-shortages-in-healthcare/#respond Mon, 02 May 2022 22:12:53 +0000 https://medcitynews.com/?p=581427

Healthcare, like much of the rest of the economy, is facing a labor shortage. Artificial intelligence can lighten the load for overworked providers through everything from automation to triaging patients.

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Mass General Brigham is diversifying its innovation process. Here’s how. https://medcitynews.com/2021/08/mass-general-brigham-is-diversifying-its-innovation-process-heres-how/ https://medcitynews.com/2021/08/mass-general-brigham-is-diversifying-its-innovation-process-heres-how/#respond Wed, 18 Aug 2021 19:23:53 +0000 https://medcitynews.com/?p=545285

Called the Innovator Community Expansion Initiative, the main goal of the effort is to pinpoint and remove obstacles keeping underrepresented groups, like women, out of the innovation process. The initiative will promote networking and education about the path to commercialization.

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Jefferson Health-backed Tendo Systems gains $50M to digitize patient journey https://medcitynews.com/2021/07/jefferson-health-backed-tendo-systems-gains-50m-to-digitize-patient-journey/ https://medcitynews.com/2021/07/jefferson-health-backed-tendo-systems-gains-50m-to-digitize-patient-journey/#respond Thu, 01 Jul 2021 19:48:39 +0000 https://medcitynews.com/?p=538373 venture capital, fund, investment,

Tendo Systems, a company that is co-developing a digital engagement platform with provider organizations like Jefferson Health, raised $50 million in a new funding round. The funds will be used to advance the development of the platform, which aims to be the “OpenTable” of healthcare.

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Q&A: Cleveland Clinic Innovations’ new head has his eyes trained on the future https://medcitynews.com/2021/06/qa-cleveland-clinic-innovations-new-head-has-his-eyes-trained-on-the-future/ https://medcitynews.com/2021/06/qa-cleveland-clinic-innovations-new-head-has-his-eyes-trained-on-the-future/#respond Sun, 20 Jun 2021 13:30:55 +0000 https://medcitynews.com/?p=536300 Dr. Geoff Vince

In a wide-ranging interview, Dr. Geoff Vince, the new executive director of Cleveland Clinic Innovations, discussed his plans for how the commercialization arm will operate, the technologies he thinks will drive interest and whether the pandemic has changed approaches to innovation.

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Where 5 CIOs see IT innovation heading as pandemic winds down   https://medcitynews.com/2021/05/where-5-cios-see-it-innovation-heading-as-pandemic-winds-down/ https://medcitynews.com/2021/05/where-5-cios-see-it-innovation-heading-as-pandemic-winds-down/#respond Thu, 20 May 2021 21:52:48 +0000 https://medcitynews.com/?p=531161 Abstract creative polygonal colorful light bulb background. Innovation and creativity concept. 3D Rendering

The Covid-19 pandemic has upended the healthcare industry in a myriad of ways — including the focus of IT innovation. Healthcare CIOs are seeing IT innovation priorities shift to arenas like at-home care, data science and supply chain.

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Key investment opportunities to drive healthcare innovation in 2021 https://medcitynews.com/2021/01/key-investment-opportunities-to-drive-healthcare-innovation-in-2021/ https://medcitynews.com/2021/01/key-investment-opportunities-to-drive-healthcare-innovation-in-2021/#respond Thu, 14 Jan 2021 01:20:27 +0000 https://medcitynews.com/?p=510695 Abstract creative polygonal colorful light bulb background. Innovation and creativity concept. 3D Rendering

During a panel discussion at the J.P. Morgan Healthcare Conference, three physicians from Stanford Medicine discussed the investment opportunities that can help accelerate innovation in healthcare in the coming year.

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Innovative payment models to support cell and gene therapies on the rise (video) https://medcitynews.com/2020/12/innovative-payment-models-to-support-cell-and-gene-therapies-on-the-rise/ https://medcitynews.com/2020/12/innovative-payment-models-to-support-cell-and-gene-therapies-on-the-rise/#respond Thu, 10 Dec 2020 00:28:53 +0000 https://medcitynews.com/?p=506729

As precision medicine gains steam, the question arises: how can reimbursement models evolve to support these often costly therapies and ensure patient access is not blocked? Drugmakers and payers are working together to find some answers.

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Tampa General Hospital to launch venture capital fund https://medcitynews.com/2020/11/tampa-general-hospital-to-launch-venture-capital-fund/ https://medcitynews.com/2020/11/tampa-general-hospital-to-launch-venture-capital-fund/#respond Tue, 10 Nov 2020 22:45:37 +0000 https://medcitynews.com/?p=503705 venture capital,money,business,Investor

The Florida-based hospital plans to launch the fund next year, under the leadership of a newly named vice president of innovation. It will be used to support startups and invest directly in healthcare companies.

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How the value of innovation will be redefined in 2021 https://medcitynews.com/2020/10/how-the-value-of-innovation-will-be-redefined-in-2021/ https://medcitynews.com/2020/10/how-the-value-of-innovation-will-be-redefined-in-2021/#respond Tue, 06 Oct 2020 17:26:59 +0000 https://medcitynews.com/?p=500120

While payers and policymakers took a more narrow-minded perspective on innovation value in 2020, the year 2021 will bring an increased focus on a treatment’s societal value, how innovation interacts with digital technologies, and whether new innovations are able to reduce existing health outcome inequalities.

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How much will drug price controls harm innovation? It depends https://medcitynews.com/2020/02/how-much-will-drug-price-controls-harm-innovation-it-depends/ https://medcitynews.com/2020/02/how-much-will-drug-price-controls-harm-innovation-it-depends/#respond Wed, 19 Feb 2020 17:54:15 +0000 https://medcitynews.com/?p=479867 Abstract creative polygonal colorful light bulb background. Innovation and creativity concept. 3D Rendering

The drug industry maintains that policies like foreign reference pricing and letting Medicare negotiate prices would harm innovation. But closer examination reveals that while there is truth to that claim, it’s more complex than it appears at first glance.

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A preview of the Manova Summit exploring healthcare transformation  [Sponsored] https://medcitynews.com/2019/09/manova-summit-healthcare-transformation/ https://medcitynews.com/2019/09/manova-summit-healthcare-transformation/#respond Tue, 03 Sep 2019 13:30:52 +0000 https://medcitynews.com/?p=467729

The second edition of the Manova Summit in Minneapolis October 14-16 will take a wider perspective of healthcare transformation.

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Is chatbot-led communication sufficient for healthcare? https://medcitynews.com/2019/08/is-chatbot-led-communication-sufficient-for-healthcare/ https://medcitynews.com/2019/08/is-chatbot-led-communication-sufficient-for-healthcare/#respond Thu, 22 Aug 2019 13:15:21 +0000 https://medcitynews.com/?p=467051

Unlike other industries, where artificial intelligence has successfully replaced many human interactions, healthcare must remain human first, technology second.

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Google, Sanofi use technology to better understand diseases and treatments https://medcitynews.com/2019/06/google-sanofi/ https://medcitynews.com/2019/06/google-sanofi/#respond Wed, 19 Jun 2019 17:50:37 +0000 https://medcitynews.com/?p=462488

The two organizations have teamed up to establish an innovation lab, which will apply technology and analytics to Sanofi’s real-world database in an effort to better understand diseases and which treatments work for patients.

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Ochsner Health System is addressing innovation inside and outside the hospital https://medcitynews.com/2019/06/ochsner-health-system/ https://medcitynews.com/2019/06/ochsner-health-system/#respond Sun, 16 Jun 2019 16:00:12 +0000 https://medcitynews.com/?p=461192

A visit to the Louisiana health system sheds some light on how it is innovatively addressing chronic diseases like hypertension and diabetes, the inpatient experience and more.

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Intermountain Healthcare opens new innovation center with partner https://medcitynews.com/2019/06/intermountain-healthcare-r1/ https://medcitynews.com/2019/06/intermountain-healthcare-r1/#respond Fri, 14 Jun 2019 16:07:44 +0000 https://medcitynews.com/?p=461951

The 30,000-square-foot facility in Salt Lake City will be used for evaluating, testing and designing new revenue cycle management technologies for hospitals, health systems and physician groups and will also serve as a client experience center.

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Report outlines 6 tips for scaling innovation at health systems https://medcitynews.com/2019/06/6-tips-for-scaling-innovation-at-health-systems/ https://medcitynews.com/2019/06/6-tips-for-scaling-innovation-at-health-systems/#respond Fri, 07 Jun 2019 16:30:52 +0000 https://medcitynews.com/?p=461267

A new report by the Center for Connected Medicine and The Health Management Academy suggests health systems should define innovation, empower their decision-makers and maximize their strengths, among other practices.

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Hackensack Meridian Health opens new center focused on research and innovation https://medcitynews.com/2019/06/hackensack-meridian-health-center/ https://medcitynews.com/2019/06/hackensack-meridian-health-center/#respond Mon, 03 Jun 2019 15:45:58 +0000 https://medcitynews.com/?p=460625

Called the Center for Discovery and Innovation, the facility will give researchers the support to develop therapies for diabetes, dementia, cancer, auto-immune disorders and antibiotic-resistant infection.

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