In the News

CIO | CIOs Must Stand at the Forefront of Innovation

Introducing technology into organization-wide strategic plans and tactical initiatives. We are fortunate to be able to collaborate with Dell, one of the industry partners for our Innovation Lab, a healthcare product incubator that takes medical devices and health information technology (HIT) to market. Recently, while strategizing with Frank Negro, the Dell Services Global Practice Leader…

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Today’s Medical Developments | Ideas Not Dollars: Medical Device Development

Joe Randolph launched The Innovation Institute in 2013 as a vehicle to advance innovation, be an incubator for medical device development, yet operate independently from hospital systems. Medical device incubators and accelerators help innovators launch start-ups and bring devices to market. While at first glance The Innovation Institute appears to be just that, President and…

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Association For Talent Development | An Apprenticeship From the Ground Up

    The following story was told by John Pollard, regional director of Tech Knowledge Associates. Client Tech Knowledge Associates, a national biomedical engineering firm Opportunity Tech Knowledge Associates helps hospitals efficiently maintain equipment and run smoothly 24/7, using a scalable, streamlined method that saves them money. The company realized that there was a dearth…

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Becker’s Hospital Review | 50 Hospitals With Innovation Programs | 2016

The Innovation Institute (La Palma, Calif.). The Innovation Institute was launched in 2013 by Irvine, Calif.-based St. Joseph Health (which merged with Renton, Wash.-based Providence Health & Services in July) as a for-profit, independent collaborative of five health systems. The other four systems include Marriottsville, Md.-based Bon Secours Health System; Children’s Hospital of Orange (Calif.)…

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Physicians News Network | The Innovation Institute Announces New Partnerships and Acquisitions

La Palma-based The Innovation Institute, which was founded just three years ago, continues to show steady growth with new partnerships to support its goal of fostering development of healthcare-related products and services intended to reduce costs and promote quality. The Innovation Institute recently announced an exclusive global agreement with the Society of Physician Entrepreneurs (SoPE), whose…

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Venture Nashville Connections | TriStar Health Partners Eyes $100MM Fund for HealthIT, Medtech and More

NASHVILLE-based TriStar Health Partners LLC seeks limited partners for a planned $100MM fund for investment in tech-enabled Healthcare services, Medical Devices, Pharma and other life/bio companies, according to several sources. TriStar Health Partners (hereafter, TSHP) is a new investment-management firm that recently began operating in Music City. It is the de facto venture arm of…

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Nashville Post | Jacobson Firm Teams with Nonprofit Health Systems Group

Among new partners is Bon Secours system  Author: Geert De Lombaerde Local investment firm TriStar Health Partners is teaming up with the innovation arm of a consortium of nonprofit health care providers. TriStar, which is led by former Vanderbilt University Medical Center boss Harry Jacobson, has partnered with The Innovation Institute, a for-profit venture backed…

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24 x 7 Magazine | Clinical Engineering Firm Fills Positions Via Apprentice Program

Tech Knowledge Associates (TKA), a national clinical engineering firm based in Orange County, Calif, saw a growing need for trained biomed staff to manage large inventories of biomedical equipment that are critical to the hospitals that they serve. So company leaders brainstormed and determined the best way to address the shortage of trained professionals: establish…

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Becker’s Health IT & CIO Review | Clinical Engineering Firm Establishes Apprentice Program to Fill Key Positions

Tech Knowledge Associates (TKA), a national clinical engineering firm based in Orange County, California, saw a growing need for trained biomed staff to manage large inventories of biomedical equipment that are critical to the hospitals that they serve. Therefore, company leaders decided that the best way to address a shortage of trained professionals was to…

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Orange County Business Journal | Innovation Institute Buys IT Company

The La Palma-based Innovation Institute bought Corona-based information technology specialist Hospitality Business Network Solutions. A purchase price was not disclosed. Innovation Institute develops healthcare products and services under three units: a medical devices and technology lab, an investment fund, and a division that acquires firms related to healthcare construction, staffing, and medical office design and…

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Medical Dealer | People On The Move

The Innovation Institute’s biomedical engineering firm Tech Knowledge Associates (TKA) of La Palma, California, named clinical engineer George Hampton its president and Jeffrey Niederhausen its CFO. Hampton, who will be based in Dayton, Ohio, and Niederhausen, who will be based in Cincinnati, Ohio, both join TKA from Catholic Health Initiatives (CHI). More…

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Medical Construction & Design | Keeping Up With Fire Safety

NEW CODES, MATERIALS GUIDE DESIGN AND CONSTRUCTION OF TODAY’S HEALTHCARE FACILITIES BY JOSEPH DE LUCA According to the latest numbers from the NFPA’s Fire Analysis & Research Division,  U.S. fire departments respond to an average of 6,240 structure fires in healthcare properties per year. These fires can cause an average of $52 million in property damage…

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Orange County Business Journal | Innovation Institute Adds Exec Search Firm

Innovation Institute LLC in La Palma has acquired Summit Talent Group, a healthcare industry executive compensation and search firm in Columbia, Md. Innovation Institute develops healthcare products and services under three units: a medical devices and technology lab, an investment fund, and a division that buys firms providing services that include healthcare construction, staffing, and…

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CIO | How Virtual Reality Changes Health Care

Until recently, Virtual Reality (VR) has only really been seen as a technology for the gaming and entertainment industries. However, given recent advancements, this immersive, 3D experience of space and geometry is no longer just for fun. According to Bloomberg, some of the world’s biggest tech companies have invested over $4 billion in virtual and…

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Orange County Register |Real Estate Briefly: HPA Realty

A medical office building was purchased in Fullerton for nearly $7.4 million. The property, at 101 Laguna Road, is adjacent to St. Jude Medical Center. HPA Realty represented the buyer. The purchase was made using HPA’s Growth Fund. The fund is managed by Healthcare Property Advisors and capped at $1 billion. HPA was the building’s…

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Becker’s Health IT & CIO Review | Ensuring 24/7 Excellence in the Technological Tools of Patient Care

Tech Knowledge Associates (TKA), a subsidiary of The Innovation Institute that provides insourced biomedical engineering services to hospitals, has been experiencing steady growth due to its popularity as a cost-saving operations strategy. Over the past several years, TKA has helped health systems save millions of dollars through expense reduction, while improving service levels. TKA provides…

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UKFundraising | Buying a Stairway to Heaven

A growing number of philanthropists are earmarking portions of their “get into heaven” money towards new investment vehicles offering perpetual impact in causes they believe in and that will build lasting legacies for their efforts. Daring to be different, these philanthropists subvert the dominant paradigm of contributing to long-standing charities in favor of new impact…

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Becker’s Hospital CFO | Buying a Stairway to Heaven

A growing number of philanthropists are earmarking portions of their “get into heaven” money towards new investment vehicles offering perpetual impact in causes they believe in and that will build lasting legacies for their efforts. Daring to be different, these philanthropists subvert the dominant paradigm of contributing to long-standing charities in favor of new impact…

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CIO | How Healthcare is Handling a Flood of Advancements

  Hang on tight! The world of healthcare is changing fast. Learn how health systems are managing their current trajectories of prolific innovation through leadership and technology. Today, we are seeing newer, more cutting-edge medical procedures and products. We are experiencing a changing world that calls for exponential advancement in health care. We are approaching…

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Today’s Medical Developments | Tech Knowledge Associates’ New Leadership

La Palma, California – The Innovation Institute introduced two executive leaders of its biomedical engineering firm Tech Knowledge Associates (TKA). George Hampton will serve as president and Jeffery Niederhausen will serve as chief financial officer. Both served in clinical engineering for Catholic Health Initiatives (CHI). Hampton will be based in Dayton, Ohio, and Niederhausen will…

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Orange County Catholic | Smart Thinking

More than 90 juniors and seniors and 10 teachers from Santa Ana’s Mater Dei High School got a hands-on experience about what it’s like to be an inventor on April 4, when they visited the Innovation Lab in Newport Beach. Working in small teams, they designed and built mini prototypes of a medical-related product, then…

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Orange County Catholic | Mater Dei Attends Innovation Day

The Innovation Institute hosted an Innovation Day for 80 Mater Dei High School students and 10 teachers recently at its Innovation Lab in Newport Beach, Calif. Lab staff presented workshops to help students and their teachers find the “innovator inside.” They were given instruction on how to design and build ideas, and were guided through…

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TechNation | The Innovation Institute Adds to Portfolio

MultiMedical Systems (MMS), a California-based clinical engineering service company, was introduced recently as the Innovation Institute’s newest addition to its portfolio of health care service companies. “Choosing to join the 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…

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