Innovating in Healthcare Brings Unique Challenges—and Opportunities

The obstacles to innovating in hospitals and other real-world healthcare settings are uniquely challenging because patient safety, privacy and survival are constant considerations. Transformative technologies and business models can be successfully launched, but they need to address the greatest needs—including lowering the cost of delivering care, reducing readmissions, better engaging and empowering patients, and making patient information portable and easily accessible. They also need a champion to build and maintain momentum.

In a newly released executive briefing by HealthTrust’s inSight Advisory – Clinical Performance group, CMO Michael Schlosser, M.D., medical director V. Seenu Reddy, M.D., and physician advisors Matthew Willis, M.D. and Troy Sybert, M.D. discuss the current state and future needs of innovation in healthcare. The briefing covers the major roadblocks, in addition to citing impactful breakthroughs such as transcatheter aortic valve replacement, 3D printing and a reverse-engineered care delivery model for managing chronic diseases.

Also included is a profile of a UK-based research institute where rapid prototyping is allowing innovation to be put into practice at a children’s hospital virtually overnight. It’s a topic Iain Hennessey, its clinical director of innovation and consultant pediatric and neonatal surgeon, explores as a featured speaker at the 2017 HealthTrust Innovation Summit in Ponte Vedra Beach, Florida. Innovation can be fostered formally by in-house programs, such as Cleveland Clinic Innovations and HCA’s Health Insight Capital, or informally wherever the work culture embraces the entrepreneurial spirit of employees, the authors note.

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