In the News

OC Startups Now | An In-Depth Look at The Innovation Institute’s Partnership with an Equity Crowdfunding Portal

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…

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The Governance Institute | Merger Playbook: Best Way to Govern throughout the Process

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…

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NAILPRO | Uncomfortably Numb

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…

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Medical Construction & Design Magazine | HDC Installs New Relocatable MRI Building at St. Joseph Health, St. Mary Medical Center High Desert

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…

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Healthcare Dive | FutureSense Welcomes Dan Walter, Melanie Jameson & Kellie Fielding

La Palma, Calif. – FutureSense, LLC is pleased to welcome Dan Walter (Managing Consultant), Melanie Jameson (Senior Consultant & Director, Marketing and Communications), and Kellie Fielding (Consultant & Director, Client Success). Walter, Jameson, and Fielding come most recently from Performensation and will combine their skills with FutureSense, LLC as part of FutureSense’s mission to expand…

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Becker’s Hospital Review | Energizing Community-Based Health Systems With Innovation Opportunities

By Joe Randolph | As patient care is transformed with pressures on margins and disruptive outside players, many health systems are struggling with how to energize their workforce to make the necessary changes. The industry is experiencing consolidation through mergers in an effort to gain synergies from reduced overhead expense and market leverage. At the…

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Catholic Health World | Venture Capitalists Say Health Systems Should Invest to Advance Their Business Strategy

By Betsy Taylor | SAN DIEGO — U.S. health care venture fundraising totals more than $9 billion annually and health care systems are contributing a growing portion of that amount. Three venture investment executives provided insight at the 2018 Catholic Health Assembly about models to support such investing and strategies for success in the field. Mary…

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Becker’s Hospital Review | How Hospital Leadership Can Embrace, Not Fear, Innovation

Innovation is a word that frequently instills fear into leadership. Innovation means new and new is synonymous with change and risk. Managing risk frequently tops the governance priority list, whereas discussions about innovation often go by the wayside. As healthcare organizations look to become sustainable and continue to grow in this highly volatile and complex…

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Medical Construction & Design | New Research Highlights Changing Dynamics of Medical Office Space

LA PALMA, Calif. – Petra Integrated Construction Strategies has a new white paper available: Changing Dynamics of Medical Office Space – Perspective on Market Influences that are Driving Change, which provides perspective as to the history of medical office development post WWII leading up to trends, strategies and tools influencing disruptive innovation. Planning concepts to…

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Orange County Business Journal | Healthcare Real Estate

HPA Realty Inc. in Brea purchased approximately 195,000 square feet of industrial and medical offices at 2727 and 2767 Imperial Highway for $47.3 million. Fullerton-based St. Jude Medical Center is one of the anchor tenants. HPA will serve as the leasing and property manager for the Brea Imperial Centre. The investment was made through the…

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Connect Media | Brea MOB Assets Acquired for $47M

HPA Realty, Inc. acquired roughly 195,000 square feet of industrial and medical office space within Brea Imperial Centre for $47.3 million. The properties are located at 2727 and 2767 Imperial Highway, with one of the anchoring tenants as St. Jude Medical Center. HPA’s James McGrade indicated the purchase was made through HPA’s Growth Fund, as…

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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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