by: Leslie Wainwright, PhD, AVIA, Chief Strategy Officer
After having worked with health systems of the topic of innovation for almost a decade, I feel we have reached a tipping point where innovation is no longer viewed as the ‘sexy’ addition to leadership meeting agendas, but instead a true business imperative that organizations need to focus on with the same level of rigor that they do other aspects of the business essential for lasting success.
Skeptical, perhaps. However let me share a few data points that might sway your opinion. In a recent survey that AVIA conducted with health systems, 89 percent of respondents stated that innovation was one of their top three strategic priorities and that it was crucial for the long term success of their organizations. Additionally, when we looked at large health systems (over $5 billion in revenue) 64 percent of them have appointed a senior leader to be accountable for innovation across their enterprise. These two observations coupled with the fact that $6.5 billion dollars of capital was infused into the market in 2014 to support emerging digital health companies, makes this the golden moment (or perfect storm) for innovation to move from the sidelines into the mainstream.
This year’s National Healthcare Innovation Summit will focus on the path from growth to greatness, realizing that effective use of innovation is essential. We will showcase practical examples of innovation having real impact today and will address specific ways organizations can increase their capacity to innovate. Join us June 15-17 in Chicago!