In the News

Healthcare IT News | ‘Once in a Lifetime’ Partnership Sees Rock and Roll Meet Healthcare to Create Disruption

By Larry Stofko | Rock and Roll Hall of Famer Jerry Harrison, most widely known as a songwriter, guitarist and keyboardist for the ’80s new wave sensations Talking Heads has co-founded an equity crowdfunding portal called RedCrow. Founded in November 2016, RedCrow’s mission is to help investors discover privately held, early stage start-ups in the booming…

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Orange County Business Journal | Innovation Institute’s Incubator Delivers First Product to CVS Stores

Partners With Apothecary For Full CVS Launch By Sherry Hsieh | Innovation Institute, founded five years ago as an incubator to commercialize internal medical innovation by doctors, nurses and other hospital care providers in its six health system-owners network, has done exactly that. Its subsidiary Innovation Lab, in partnership with Apothecary Products LLC in Burnsville,…

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Healthcare Dive | Innovation Lab Rolls Out Elevating Arm Sling Across Pharmacy Locations: Part of Strategy to Deliver Better Health Outcomes

La Palma, CA –  Today, the Innovation Lab, a subsidiary of The Innovation Institute, which serves as its health care incubator, announced the rollout of the CVS HealthTM Elevating Arm Sling, a custom-designed hand elevation support. In partnership with Apothecary Products, LLC, the Elevating Arm Sling is now available in CVS Pharmacy locations across the…

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Lubbock Avalanche Journal | Developer Named for New Lubbock Hospital Resulting from Covenant’s Grace Acquisition

The developer of a new Lubbock hospital resulting from Covenant Health’s acquisition of Grace Health System was announced Thursday. Petra Integrated Construction Strategies, a subsidiary of The Innovation Institute, has announced its selection by Westwind Realty to serve as advisors and owner representatives for the development of a new hospital in Lubbock. The hospital will…

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Becker’s Hospital Review | Personalized Medicine For Everyone

Part of doing more , with less, for more people With recent partnerships with GeneFolio, an affordable drug-drug-gene test and knowledge base that helps clinicians more accurately diagnose and treat patients based on how they metabolize certain medications; and 2bPrecise, which captures and disseminates genomic information, The Innovation Institute is geared up to disrupt health…

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Healthcare Dive | Personalized Medicine For Everyone: Part of Doing More, With Less, For More People

By Joe Randolph, President and CEO, The Innovation Institute | With recent partnerships with GeneFolio, an affordable drug-drug-gene test and knowledge base that helps clinicians more accurately diagnose and treat patients based on how they metabolize certain medications; and 2bPrecise, which captures and disseminates genomic information, The Innovation Institute is geared up to disrupt health…

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Bio IT World | 2bPrecise and The Innovation Institute to Deliver Robust Pharmacogenomics Platform, GeneFolio, to the Point of Care

Actionable insights to be delivered within providers’ workflow for exceptional genomic and clinical care for patients. HIMSS 2018 – LAS VEGAS – March 7, 2018 – 2bPrecise®, LLC, and The Innovation Institute announced today that they have entered into an agreement that lays the foundation for 2bPrecise to deliver a pharmacogenomics knowledge base to the…

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Orange County Catholic | Building Hope: Innovation Institute’s Subsidiary Completes First Field Internship for Technology Trainees

Hope Builders, founded by the Sisters of St. Joseph of Orange in 1995, empowers disadvantaged young adults with the life skills and job training needed to achieve enduring personal and professional success. The project was a response to increasing gang violence, high youth unemployment, low high school graduation rates and rising teen pregnancy rates in…

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MedCity News | LRV Health Cultivates Innovation Collaborative with Health Systems for $100M Fund

By Stephanie Baum | Even for health systems and healthcare organizations that don’t have their own venture fund or accelerator, there is still an interest in being part of a larger network that offers an easier, vetted pathway to collaborate with innovative startups. Boston-based investment firm LRVHealth, formerly known as Long River Ventures, has partnered…

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Healthcare Informatics | LRVHealth’s $100M Venture Fund Includes Health Systems as Investors

By David Raths | Former Premier exec Keith Figlioli joins investment team   Boston-based investment firm LRVHealth has launched an early-stage platform for digital health, medical devices and diagnostics, fueled by $100 million in venture capital. Partnering on the fund are more than 20 healthcare industry insiders and thought leaders, eight national healthcare systems and…

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Bankless Times | RedCrow Partnership Connects Healthcare Startups to Equity Crowdfunding

RedCrow, an equity investing platform focusing on opportunities in medical technology, today announced a partnership with The Innovation Institute, an incubator for growing healthcare startups, to promote qualified companies within the sector. The partnership will give startups exposure to crowdsourcing and equity crowdfunding with direct access to RedCrow’s professional pool of investors. Co-founded by Brian…

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Hospital Topics | An Interview with Joe Randolph, President and CEO, Innovation Institute, La Palma, California, USA

  Hospital Topics, a quarterly journal that is the longest continuously published healthcare journal in the United States features an interview with The Innovation Institute President and CEO, Joe Randolph. Randolph mentions that some of the key characteristics that went into the forming of the Institute model are the following: Independent Financially viable or self-sustaining…

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Healthcare Design Magazine | Craig Beam Joins Petra Integrated Construction Strategies as President

Craig Beam has been named as president of Petra Integrated Construction Strategies (Petra ICS), a subsidiary of The Innovation Institute. Beam has more than 40 years of experience as a thought leader in the healthcare real estate, planning, and construction industries. His work includes the development of hospital, medical office, and ambulatory facilities. In addition,…

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Becker’s Hospital Review | Immunology and Innovation

I have always loved science. As a kid, I collected bugs. As a college student, I shadowed doctors and studied autoimmune disease in the lab. My difficulty in separating emotion from the practical side of medicine eventually compelled me to pivot away from the bedside to the bench and pursue a Ph.D. in immunology. The…

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PBS NewsHour | California Housing Shortage Adds Stress for Now-Homeless Fire Victims

Petra Integrated Construction Strategies Steps in to Help Santa Rosa Memorial Hospital’s Now-Homeless Fire Victims The Northern California wildfires in October 2017 destroyed thousands of homes and killed 42 people. In the aftermath, there are those who have stepped in to help. Todd Salnas, president of Santa Rosa Memorial Hospital and 152 staff, including more…

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Becker’s Hospital Review | The Innovation Institute | 58 Hospitals and Health Systems with Innovation Programs 2017

The Innovation Institute (La Palma, Calif.). The Innovation Institute came to fruition in 2013 as a for-profit limited liability company, and now encompasses 15 portfolio companies with revenues exceeding $200 million. The Institute’s mission involves developing solutions via collaboration and providing more care with fewer resources. The Innovation Institute comprises three elements: The Innovation Lab,…

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Orange County Business Journal | Institute Adds Owner

The Innovation Institute in La Palma added Mercy Health in Cincinnati to its member-owner board, bringing the number to six. The Catholic health system, which serves Ohio and Kentucky, joins Renton, Wash. based Providence St. Joseph Health, Bon Secours Health System Inc. in Marriottsville, Md., Children’s Hospital of Orange County, Franciscan Missionaries of Our Lady…

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Newport Beach Magazine | Evolving Innovation

The following article about Innovation Lab inventor NASA astronaut and medical doctor Scott Parazynski, M.D. was featured in Newport Beach Magazine October/November edition on Page 19. He shares about his conformal thermal pack for hot and cold therapy.

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TechNation | Tech Knowledge: Suspending Disbelief in HTM: Looking Beyond a Traditional Point of View

By George Hampton | “Articulate, intelligent individuals can skillfully construct a convincing case to argue almost any point of view. This critical, reactive use of intelligence narrows our vision. In contrast, projective thinking is expansive, ‘open-ended’ and speculative, requiring the thinker to create the context, concepts, and the objectives” – Linda Stone. Feb 6, 2011.…

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