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Turning Problems Into Products

Here at The Innovation Institute, most of the ideas that our Innovation Lab has received have originated from a problem that someone wanted to solve, mostly within their own line of work. It often starts with the innovator thinking, “There must be a better way.” For example, Hoag Hospital Emergency Department physician, Eric Alcouloumre, MD, noticed…

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CIO Magazine | Living and Breathing Innovation

  I’ve noticed that many organizations across industry sectors have innovation in their mission statement and core values. Yet, what’s often missing is a meaningful program with dedicated resources to guide and empower a culture of innovation. What you end up seeing is unstable adjunct programs that go away the minute there’s a budget cut. Recruiters…

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Orange County Catholic | New Ideas in Health Care — Really

THE INNOVATION INSTITUTE SEEKS TO BREAK MOLDS WITH NEW PRODUCTS AND SOLUTIONS By Nicole Gregory     2/12/2016 Sunlight pours through large windows, some of which overlook the Pacific Ocean. Groups of people are gathered at wide tables, engaged in discussion or watching large video screens in the bright office rooms. Surfboards are propped up in corners,…

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A New Model for Health Care Innovation

Shared with Harvard Business School Alumni Much is said about a “shark tank” approach toward entrepreneurialism, but on Februrary 11, the Harvard Business School alumni will host an infinitely friendlier shark tank that is supporting thousands of health care innovators throughout the United States and beyond. Participants in the Harvard Business School event will learn…

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Innovation Lab Commercialization & Technology Director Ryan Kelly Shares Obstacles of Transformative Medtech

Ryan Kelly, Director, Commercialization & Technology Transfer, has written this article for Design News about the path to medtech launch.  Medical device innovation has steadily progressed as our understanding of disease states has deepened. However, device development still faces significant challenges. From concept to commercialization, advancing medical devices through to commercialization is risky business. The…

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CIO | Concentric Use of Information–The Three P’s of Big Data

The health care industry has a lot to gain from the fruits of big data. There’s more potential than ever before as we begin to analyze and use the wealth of data that is available to us today. Careful and timely collection of massive data as it relates to person, place, and population can reveal…

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The Innovation Institute Adds MultiMedical Systems to Portfolio of Health Care Service Providers

MultiMedical Systems (MMS), a California-based clinical engineering service company, was introduced today as The Innovation Institute’s newest addition to its portfolio of health care service companies. “Choosing to join The Innovation Institute was an easy decision for us,” said MMS President Daren Kneeland. “The wealth of knowledge and resources that come with being a part…

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Our Surfboard Mascots

The Innovation Institute’s branding depicts the crashing waves of Southern California beaches with colors that represent the ocean. The waves also symbolize waves of innovation as well as faith, foresight, and flexibility. Surfboards help navigate waves, similar to how our Innovation Lab carefully navigates ideas submitted by our member owner physicians, nurses, and employees. Visitors…

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Design News | Hurdling Development Obstacles on the Way to Transformative Medtech

Medical device innovation has steadily progressed as our understanding of disease states has deepened. However, device development still faces significant challenges. From concept to commercialization, advancing medical devices through to commercialization is risky business. The “runway” before takeoff can easily last five to seven years. Sizable amounts of time and resources are necessary to navigate…

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Becker’s Hospital Review | Avera Joins The Innovation Institute

Sioux Falls, S.D.-based Avera Health is the latest health system to join The Innovation Institute, an independent, for-profit organization based in La Palma, Calif. Avera Health is the fifth member of The Innovation Institute. The Innovation Institute features a unique business model where hospitals and health systems become investors of the organization. As members/investors, the…

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Avera Health Joins The Innovation Institute

Today, The Innovation Institute, a pioneer in health care innovation, announced that Avera Health, one of the largest health care systems in the Midwest, joined The Institute to spark new initiatives in the health care delivery space. Avera is the fifth member in The Innovation Institute, joining Irvine, Calif.–based St. Joseph Health; Marriottsville, Md.-based Bon…

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Orange County Business Journal | Celebrate Health, Celebrate Life

 Celebrate Health, Celebrate Life   More than 500 guests attended Celebration 2015, St. Joseph Hospital’s annual fundraising gala. Community supporters, business leaders, and guests gathered at the Newport Beach Marriott Hotel & Spa on Oct. 17 to take part in an evening of silent and live auctions, raffle drawings and fine dining with live entertainment…

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Newport Beach Magazine | Movers and Shakers

Meet Larry Stofko, One of Newport Beach Magazine’s Most Influential People of 2015 By Kirsti Correa, Allison Hata, Kristin Lee Jensen and Sharon Stello | Photos by Jody Tiongco By definition, “to influence” has a few nuanced meanings—for our purposes, it’s the power to affect someone or something. The nine people selected this year by Newport…

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Quick Leonard Kieffer Feature | Simple Solutions Through Innovation

We live in a world where innovation is all around us. Whether it is an idea, a new product, a new service, or a new method, innovation drives the development of solutions that, if successful, will ultimately eliminate problems, regardless of nature or size. The Innovation Institute, located in La Palma, California, is an independent,…

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CIO | A Picture Can Say a Thousand Words

Inefficient delivery of patient care is a significant cause of rising health care costs. Traditional methods of documenting complex processes and workflows do not translate well into the health care setting. Fortunately, an innovative hospital employee, Vinh Ton, has come up with a solution that he submitted to our Innovation Lab in Newport Beach, Calif.…

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The Innovation Institute Visits With New Member Owner Franciscan Missionaries of Our Lady Health System

(from left) Joe Randolph, President and CEO, The Innovation Institute poses for a photo with Mr. John Finan, President and CEO, Franciscan Missionaries of Our Lady Health (FMOL) System at their offices in Baton Rouge, Louisiana. The surfboard symbolizes the partnership between the two organizations that is focused on creating a sea change in healthcare innovation. Earlier…

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Hospital Impact | Reaching the Steep and Rigorous Healthcare Innovation Mountaintop

By Joe Randolph Today, health systems realize that they are at a crossroad–change or be left behind. But change requires innovation, and innovation requires investment and risk. Most health systems are focused on addressing daily challenges of delivering care to their patients, accommodating evolving regulations and responding to the new players stepping in to capitalize…

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Medical Design Technology | Leaders in Innovation Share Exponential Impacts of Collaboration in Healthcare

Last month, The Innovation Institute facilitated a panel discussion on collaboration for healthcare innovation at the Cavendish Global Impact Forum, hosted by Cleveland Clinic in collaboration with Cleveland Clinic’s Medical Innovation Summit. The discussion focused on how collaboration can dramatically accelerate and scale the exponential impact of innovation. Panel members included: Barry Didato, Chief Investment…

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The Innovation Institute Recognized for Choosing Orange County as Its Home for Healthcare Innovation

On November 17, 2015, City of La Palma Mayor Peter Kim recognized and welcomed The Innovation Institute into the business community, along with its partners, health care innovators, and employees. He said, “The City of La Palma embraces health care innovation and encourages economic growth in an effort to stimulate reinvestment throughout the community.” The…

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Leaders in Innovation Share Exponential Impacts of Collaboration

Last month, The Innovation Institute facilitated a panel discussion on collaboration for health care innovation at the Cavendish Global Impact Forum, hosted by Cleveland Clinic in collaboration with Cleveland Clinic’s Medical Innovation Summit. The discussion focused on how collaboration can dramatically accelerate and scale the exponential impact of innovation. Panel members included: Barry Didato, Chief…

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Becker’s Health IT & CIO Review |Outside the hospital: A New Business Model for Healthcare Innovation

Written by Akanksha Jayanthi Not all innovation centers are alike, and not all innovation centers offer innovators and entrepreneurs the tools necessary for success. The Innovation Institute, a for-profit innovation center based in La Palma, Calif., is trying to remedy that. The Innovation Institute launched in January 2013 with a $40 million investment from Irvine,…

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The Innovation Institute and FutureSense Announce Joint Venture Focused on People Strategy

Offering Integrated Solutions to Build and Sustain Human Capital Capacity and Optimize Organizational Performance The Innovation Institute and FutureSense, Inc. are pleased to announce the formation of FutureSense, LLC, a new member of The Innovation Institute’s Enterprise Development Group, a portfolio of health care service companies. Established in 1995, FutureSense offers integrated solutions to build…

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The Varied Paths to Healthcare Technology Success

Larry Stofko has a new blog at CIO.com called Healthtech Corner. His first column delves into the variety of innovation models. He says, “Many hospital systems and health networks are investing in innovation to get access to new and better technologies that enhance and improve health care delivery. The innovation models they choose come in…

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CIO | The Varied Paths to Health Care Technology Success

Today, many hospital systems and health networks are investing in innovation to get access to new and better technologies that enhance and improve health care delivery. Some are approaching innovation as incubators, accelerators, and/or innovation centers. Others are raising money for innovation through venture/equity funds, self-funding/bootstrapping, or crowdfunding. More…

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