In the News

Innovation became more of an organizational imperative than ever before in 2019, with many hospitals and health systems creating innovation centers, programs and investment funds throughout the year. Here are 18 organizations that launched new innovation programs and projects in the second half of the year, when Becker’s began documenting these efforts on a dedicated…

As an athlete, most don’t have time to wait for the injury to heal properly so they take desperate measures like medications that can be addicting or surgeries that are invasive and are not guaranteed to work. Dr. Martino said that while trying to heal, it wasn’t easy because when he slept or sat at…

By Gus Guevara, CHTM Over my career spanning more than three decades in healthcare technology management, I’ve learned a thing or two. One thing I’ve learned is that proper management of your inventory of medical devices and equipment will help you improve patient care, strengthen patient safety, reduce risk, and save time and money. Is…

– Valley Children’s launches healthcare innovation lab named George’s Idea Lab to accelerate new digital health solutions that will transform pediatric healthcare. – Innovation program builds off Valley Children’s recent partnership with The Innovation Institute and will operate as part of The Innovation Lab. Valley Children’s Healthcare, one of the largest pediatric healthcare networks in…

Madera, Calif.-based Valley Children’s Healthcare announced Oct. 16 a new partnership between its innovation program and The Innovation Institute. Valley Children’s innovation program, known as George’s Idea Lab, will operate as part of The Innovation Institute’s Innovation Lab. The Innovation Institute is a national medical product incubator and healthcare services provider. Its Innovation Lab staff…

Valley Children’s Healthcare in Madera on Wednesday announced a new partnership it hopes will help transform pediatric care. Valley Children’s entered into an agreement with The Innovation Institute, a for-profit healthcare company, for this endeavor, according to a newsrelease. The institute has a an Innovation Lab, which houses scientists, doctors, and commercialization experts who are…

NorthBay Medical Center’s three-story North Wing, located in Fairfield, California, has been completed. The 77,000-square-foot wing includes 22 patient rooms, eight high-tech surgical suites, a 16-bed post-anesthesia care unit, diagnostic imaging, a new kitchen and café and a new central sterile department. The $200-million project was integral to a five-year modernization project. The project team…

JLL closed the sale of 2767 East Imperial Highway, an 89,650-square-foot, single-tenant, net-lease medical office property in Brea, CA. The buyer was LaSalle Investment Management, through its medical office fund. The seller was a joint venture between Healthcare Property Advisors and The Innovation Institute. The MOB is fully leased to St. Jude Hospital for 14…

BREA, CALIF. — LaSalle Investment Management, through its medical office fund, has acquired a medical office property located at 2767 E. Imperial Highway in Brea. A joint venture between Healthcare Property Advisors and The Innovation Institute sold the asset for an undisclosed price. St. Jude fully occupies the 89,650-square-foot property on a net-lease basis with…

It takes a lot of time and resources for health systems to drive innovation, but the investment has to happen if providers want to adapt to the fast pace of change on their own terms. Starting an internal innovation program can require a $10 million hit to the P&L in year one, and then many…

By Michael O’Brien, Ed.D., Founder & President, O’Brien Group This article is part of LinkedIn’s Hard Cases series, where healthcare professionals share the toughest challenges they’ve faced in their careers. You can read more about it here and follow along using hashtag #HardCases. One emerging challenge in the health care industry as of late has been the phenomenon of “physician’s…

A visit to the restroom – it’s a mundane aspect of our humanity, but within the context of a hospital setting, its role and impact are far greater. For many patients, it’s an instant read on a facility’s cleanliness. Its potential to engender trust travels beyond a hospital’s four walls, into a patient’s state of…

Healthcare Technology Management(HTM) industry leader David Francoeur has joined Tech Knowledge Associates (TKA) as Senior Vice President of Marketing and Sales. Francoeur’s technology and leadership roles in clinical engineering and health care industries span 30 years. He most recently served as Senior Corporate Director of Brand & Quality of Clinical Technology Management for Sodexo in…

Ground was recently broken for Covenant Health’s 115,000-square-foot, short-stay surgical hospital, located in Lubbock, Texas. According to Covenant Health, the 32-bed hospital will be built to enhance the patient experience with special attention to healing elements such as access to natural light, views to green spaces and optimization of privacy within patient rooms. Construction is…

Minnesota-based digital manufacturing company Protolabs (NYSE: PRLB) has teamed up with the Cleveland Clinic Healthcare Innovations Alliance — a network of health care organizations, corporations and universities focused on innovation in health care — to offer an awards program to help propel novel health care ideas. The new initiative is part of Protolabs’ Cool Idea Award program, which began…

A crowdsourcing investment firm pulls back the curtain to reveal the workings of the organization and the alternate route to raising capital it offers. By Thomas Vogelsong, Ph.D., RedCrow Thought Leader | The smartest person in the CROWD is the CROWD, and the crowd’s greatest strength is the CROWD itself. The team at RedCrow is…

Now on Fast-Track for Commercialization Newport Beach, CA –-  Today, Innovation Lab, a healthcare incubator, announced its Top Ten medical products that will be put on a fast-track to commercialization. The product selections were the final result of an evaluation of over 1,000 idea submissions. The list was narrowed down to 237, then a final…

$2.5 Million in New Business Contracts in Multiple States, ISO 13485 Certification MultiMedical Systems (MMS), a subsidiary of The Innovation Institute, announced today its latest expansion into the state of Washington. MMS President Daren Kneeland says that Perry Morgan, Northwest Sales Director, and a team of technicians have hit the ground running. Washington adds to…

The Innovation Institute’s president shares several insights on the mission of the firm and offers a number of examples of real-world development projects. By Joe Randolph | It takes a specific type of know-how to determine which ideas and opportunities are worth investing in. This means professionals who have medical sense, financial finesse, and marketing expertise…

Mercy rolled out new high-tech medical scrubs for its employees in Springfield earlier this fall as part of an investment with Vestagen Protective Technologies, Inc., an Orlando company that received financing from Mercy and a variety of other firms. Over the past year and a half to two years, company officials said Mercy has ramped…

By Joe Randolph Having grown up in Southern California as a life-long Dodger fan, it’s that time of year when I’m pulling for them to win the World Series. Having also spent over 30 years as a healthcare executive, I started thinking about how healthcare might learn from baseball. Are there correlations between major league…

The LOOK BETTER THAN YOU FEEL CAMISOLE is a one of a kind product, a post-surgical camisole which is the legacy of Kim Newlen. Kim Newlen was 47 and enjoying life with her husband and daughter in Richmond, VA when she was diagnosed with breast cancer. Following her mastectomy, she was unable to find anything…

Written by Joe Randolph, President & CEO, The Innovation Institute | According to a study by Frost & Sullivan, the rising incidences of adverse patient safety events and cyber security risks are pushing the demand for innovative solutions in the health care industry as it affects millions of patients and imposes a significant cost burden to health…

Larry Stofko, The Innovation Institute Earlier this year, the Innovation Institute, with HQ in La Palma, partnered with RedCrow, an equity crowdfunding portal. This Q&A is with Larry Stofko, EVP of the institute. The institute is a for-profit operation owned by six non-profit hospital systems. It has three prongs: an innovation lab; a fund that…

By Jim Finkelstein, President and CEO, and Kellie Fielding, Senior Consultant, FutureSense LLC |This article explains what boards should do in order to be properly prepared for a smooth governance transition during any merger activity. How can you achieve the most efficient and effective alignment of governance as you navigate through the merger process? The new partnership…

Jon Swartz | Jerry Harrison was part of a shape-shifting band that redefined pop culture on its way to the Rock and Roll Hall of Fame. Now, in Silicon Valley, the former keyboardist/guitarist of the seminal Talking Heads is at it again. RedCrow, the equity crowdfunding company he co-founded with ex-Morgan Stanley executive Brian Smith, has…

Nail techs are particularly prone to developing carpal tunnel syndrome. Here’s how to stop it in its tracks. A cover shoot with Heidi Klum for Cosmopolitan Germany should’ve been an exciting experience for celebrity nail artist Destinee Handly, but instead she found herself crying in her car at the day’s end, overcome by pain in…

The first days of summer will see the installation of a new MRI building at St. Joseph Health, St. Mary Medical Center that will serve patients from across the High Desert region and beyond. Petra ICS and Healthcare Design & Construction, both Innovation Institute companies, have been working together as a team preparing the site…