About The Institute
The Innovation Institute is a healthcare incubator focused on transforming care delivery and making a difference in people’s lives.
The Institute is a for-profit limited liability company that launched January 2013. The Institute has several portfolio companies with revenues exceeding $300 million, and over 700 employees. The Innovation Institute has experienced significant growth since its inception in 2013. The Innovation Institute has a unique business model that funds the Innovation Lab and provides a return for investors.
The strategic purpose of the Institute is to focus on innovation and growth. This is accomplished through the commercialization of ideas and new products. The Institute is owned today by six non-profit health systems who are the “Member Owners”.
The Institute is set up to be:
- Independent
- Financially viable
- Self-sustaining
- Collaborative with “like-minded” organizations
The Institute has strategic alliances with industry partners and others to assist in carrying out the vision! If you would like more information about how you can participate, contact us. If you have an idea, submit it. There is no cost or risk and there could be significant upside if your idea has merit.
LEADERSHIP TEAM
PRESIDENT AND CEO
Joe Randolph
- 30+ years experience in healthcare leadership.
- Recognized by Orange County Business Journal as “Healthcare Business Person of the Year 2016.
- MBA from Pepperdine University, CA
EXECUTIVE VP AND COO
Steve Gilbert
- 30+ years experience in hospital and health system operations.
- Reputation for strategic vision and innovative approaches to complex challenges.
- Received numerous awards and recognition for excellence in leadership.
EXECUTIVE VP AND CFO
Edward Wong
- 30+ years experience in hospital and health system finance.
- Held positions in both for-profit and non-profit settings; track record of financial stewardship.
- MBA from Claremont Graduate University, CA.
EXECUTIVE VP, INNOVATION LAB
Larry Stofko
- 30+ years experience in health system information technology, strategy & innovation.
- Recognized by CIO Magazine’s inaugural “Ones to Watch” award as an up-and-coming IT executive.
- Master of Science in Medical Informatics from Northwestern University.
VP MISSION INTEGRATION
Sister Diane Hejna
- Sister of Congregation of St. Joseph of Orange.
- 30+ years of experience in healthcare operations including leadership and governance.
- BSN, MA, MBA from Claremont Graduate University, CA
MEMBERSHIP COMMITTEE
SVP & CHIEF INFORMATION OFFICER
MULTICARE HEALTH SYSTEM
Bradd Busick
SVP & CHIEF LEGAL OFFICER
VALLEY CHILDREN'S HEALTHCARE
William Chaltraw, Jr.
EVP & CHIEF FINANCIAL OFFICER
FRANCISCAN MISSIONARIES OF OUR LADY HEALTH SYSTEM
Jeff Limbocker
EVP & CHIEF FINANCIAL OFFICER CHILDREN'S HOSPITAL OF OC
Kerri Ruppert Schiller
PRESIDENT & CEO
AVERA HEALTH
Bob Sutton
CHIEF DIGITAL OFFICER
BON SECOURS MERCY HEALTH
Jason Szczuka
