Wednesday, January 28, 2015

Innovation....What it is NOT

Innovation, Kickstarters, Disruptive technology, and Creativity in Health Care.

Few would argue that the past ten years of the introduction of  digital storage and other electronic devices has not empowered health care providers, hospitals and the health industry.

The promises have been many.  Some have taken root and will become a part of the new infrastructure of how medical care is delivered.

There are those who state that  HIT Venture Capital has peaked, after the Federal Funding by the  HITECH Act and Federal incentives have passed.  CMS Meaningful use has dampened any enthusiasm for meaningful advances in EHR since capital investment will now be diverted for a capability in which few clinicians are interested.

The fact is that most innovative ideas do not make it off the drawing board, attract capital, nor make it to a marketplace. Even after running that gauntlet the marketplace may not be favorable to develop a sustainable business model. Except for government, profit often is the measure of a successful innovator.

However even in government profit can be a motive, or at least reduce taxation and cut costs of operation. Our government functions wiith a contractual bidding system....ie, lowest bid...best product.  The two are not mutually exclusive. Risk to a government is different than risk to a business innovator.
The blend for success is a mixture of creativity, scientific breakthroughs, business acumen, and timing.

Innovation can be scientific, or even new business models for health care. Certainly the Affordable Care Act is an innovation. (more later).

Here are some possibilities:

Video Teaser



       Mobile Health App
       Graphical Display of Innovations   Innovator Gallery
Pharmaceuticals (Drug Development)
Devices
Organizations focused on Health Innovations
       University of California   Innovation examples 
       California Health Care Foundation
       Digital Health Space
       Center for Digital Health Innovations
       Public Health Innovation
       CMS Innovation Center   (detailed description)
     
Meetings
       Rock Health Summit

Blogs
       HealthIT Buzz
       RedBrick Health
       Innovating for Value in Health Care
       The Oliver Wyman Health Innovation Center
       Blog « Rock Health

       Center For Health Law Policy and Innovation | CHLPI Blog

     
Awards:
       CMS

Financial
      The Fund for Health Innovation
      Kickstarters (While there is no specific category for Health, there is a
      Technology category)

      HIT Venture Capital History and Future Outlook

                HIT venture capital funding jumps in 2014

                Digital Health Venture Capital: 4 Areas VCs Are Betting On 

                Venture capital in healthcare is flowing, but how long will it ...   

                Investing in Medical Devices  

                 The impact of the Affordable  Care Act,and increasing regulatory (details)

Compare Medical Devices and Equipment VC Firms           

               PSFK       Slideshare   The Future of Health

               Education and MOOC  Innovating in Health Care





                                 



     



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