In the News

Health Facilities Management | Collaboration Aids Planning and Operations

At the La Palma, Calif.-based Innovation Institute’s Petra Integrated Construction Strategies subsidiary, for instance, Chris Hickman, assistant vice president of planning and design, is attempting to develop a system that allows health care leaders to decide between repairing or replacing various mechanical-electrical-plumbing and telecommunication systems over the wide range of facilities found in integrated health…

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CIO | Surgeon, Innovator and Entrepreneur Shares Insights

By Larry Stofko | It was quite inspiring to hear Jeffrey Hausfeld, MD, founder and chairman of the Board of the Society of Physician Entrepreneurs (SoPE), speak recently about his experience as a surgeon, innovator and entrepreneur. This was during the inaugural meeting of the Society’s Orange County/San Diego Chapter held at our Innovation Lab…

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ABL Healthcare Online | The Innovation Institute Named as Finalist for 2016 Innovations in Healthcare ABBY Awards

The Innovation Institute announced today that it was among the Finalists for the 2016 Innovations in HealthcareTM ABBY Awards presented by the Adaptive Business Leaders (ABL) Organization. Winners were announced at the Awards Event on October 26, 2016 in Long Beach. The Innovation Institute, which focuses on transforming healthcare through the development of innovative new products, services,…

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TechNation |Professional of the Month: Jeremy Westkamper

It’s often been said that the apple doesn’t far fall from the tree and that is the case for Jeremy Westkamper, a biomed who is now a clinical engineering account director. His father was a GE field service engineer, who enjoyed his work, and that rubbed off on Jeremy while he was growing up in…

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For The Record | Data-Driven Remote Coding Management

Data have become the lifeblood of health care, holding the promise to improve nearly every clinical and administrative aspect of the system. HIM, and coding in particular, is certainly no exception. And perhaps nowhere do data hold more promise than in the management of a remote coding workforce. Yet despite their potential, data remain underutilized…

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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

By Barry Didato | 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…

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