In the News

CIO Magazine | Living and Breathing Innovation

  I’ve noticed that many organizations across industry sectors have innovation in their mission statement and core values. Yet, what’s often missing is a meaningful program with dedicated resources to guide and empower a culture of innovation. What you end up seeing is unstable adjunct programs that go away the minute there’s a budget cut. Recruiters…

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Health Facilities Management | Leading the Charge to Deliver Innovation

Joe Randolph, president and CEO of the for-profit Innovation Institute, La Palma, Calif., talks about the formation of the organization and how it’s diving headlong into helping health system professionals bring transformational products to market. How did the Innovation Institute get started? About four years ago, while I was chief operating officer of St. Joseph…

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Orange County Catholic | New Ideas in Health Care — Really

THE INNOVATION INSTITUTE SEEKS TO BREAK MOLDS WITH NEW PRODUCTS AND SOLUTIONS By Nicole Gregory     2/12/2016 Sunlight pours through large windows, some of which overlook the Pacific Ocean. Groups of people are gathered at wide tables, engaged in discussion or watching large video screens in the bright office rooms. Surfboards are propped up in corners,…

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CIO | Concentric Use of Information–The Three P’s of Big Data

The health care industry has a lot to gain from the fruits of big data. There’s more potential than ever before as we begin to analyze and use the wealth of data that is available to us today. Careful and timely collection of massive data as it relates to person, place, and population can reveal…

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Design News | Hurdling Development Obstacles on the Way to Transformative Medtech

Medical device innovation has steadily progressed as our understanding of disease states has deepened. However, device development still faces significant challenges. From concept to commercialization, advancing medical devices through to commercialization is risky business. The “runway” before takeoff can easily last five to seven years. Sizable amounts of time and resources are necessary to navigate…

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Becker’s Hospital Review | Avera Joins The Innovation Institute

Sioux Falls, S.D.-based Avera Health is the latest health system to join The Innovation Institute, an independent, for-profit organization based in La Palma, Calif. Avera Health is the fifth member of The Innovation Institute. The Innovation Institute features a unique business model where hospitals and health systems become investors of the organization. As members/investors, the…

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Orange County Business Journal | Celebrate Health, Celebrate Life

 Celebrate Health, Celebrate Life   More than 500 guests attended Celebration 2015, St. Joseph Hospital’s annual fundraising gala. Community supporters, business leaders, and guests gathered at the Newport Beach Marriott Hotel & Spa on Oct. 17 to take part in an evening of silent and live auctions, raffle drawings and fine dining with live entertainment…

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Newport Beach Magazine | Movers and Shakers

Meet Larry Stofko, One of Newport Beach Magazine’s Most Influential People of 2015 By Kirsti Correa, Allison Hata, Kristin Lee Jensen and Sharon Stello | Photos by Jody Tiongco By definition, “to influence” has a few nuanced meanings—for our purposes, it’s the power to affect someone or something. The nine people selected this year by Newport…

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Quick Leonard Kieffer Feature | Simple Solutions Through Innovation

We live in a world where innovation is all around us. Whether it is an idea, a new product, a new service, or a new method, innovation drives the development of solutions that, if successful, will ultimately eliminate problems, regardless of nature or size. The Innovation Institute, located in La Palma, California, is an independent,…

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CIO | A Picture Can Say a Thousand Words

Inefficient delivery of patient care is a significant cause of rising health care costs. Traditional methods of documenting complex processes and workflows do not translate well into the health care setting. Fortunately, an innovative hospital employee, Vinh Ton, has come up with a solution that he submitted to our Innovation Lab in Newport Beach, Calif.…

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Hospital Impact | Reaching the Steep and Rigorous Healthcare Innovation Mountaintop

By Joe Randolph Today, health systems realize that they are at a crossroad–change or be left behind. But change requires innovation, and innovation requires investment and risk. Most health systems are focused on addressing daily challenges of delivering care to their patients, accommodating evolving regulations and responding to the new players stepping in to capitalize…

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Medical Design Technology | Leaders in Innovation Share Exponential Impacts of Collaboration in Healthcare

Last month, The Innovation Institute facilitated a panel discussion on collaboration for healthcare innovation at the Cavendish Global Impact Forum, hosted by Cleveland Clinic in collaboration with Cleveland Clinic’s Medical Innovation Summit. The discussion focused on how collaboration can dramatically accelerate and scale the exponential impact of innovation. Panel members included: Barry Didato, Chief Investment…

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Becker’s Health IT & CIO Review |Outside the hospital: A New Business Model for Healthcare Innovation

Written by Akanksha Jayanthi Not all innovation centers are alike, and not all innovation centers offer innovators and entrepreneurs the tools necessary for success. The Innovation Institute, a for-profit innovation center based in La Palma, Calif., is trying to remedy that. The Innovation Institute launched in January 2013 with a $40 million investment from Irvine,…

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CIO | The Varied Paths to Health Care Technology Success

Today, many hospital systems and health networks are investing in innovation to get access to new and better technologies that enhance and improve health care delivery. Some are approaching innovation as incubators, accelerators, and/or innovation centers. Others are raising money for innovation through venture/equity funds, self-funding/bootstrapping, or crowdfunding. More…

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For The Record | HCCS Assesses Early ICD-10 Returns

By James Cronin With only a few exceptions, the first few weeks of October 2015 have been pretty uneventful across the 100+ hospitals and health systems that outsource their coding to us. As will be the case with any other organization that has adequately prepared their coders, dual coding was a greater drain on resources…

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Orange County Business Journal |Boston Scientific Likes Innovation Institute Number

Device Maker’s Head Says It Likes Multiple Partners Vita Reed The Innovation Institute LLC’s “multiple constituents” were a major factor in Boston Scientific Corp.’s move to be its inaugural medical technology partner, according to a company executive. The La Palma-based institute’s purpose is to develop healthcare products and services, and it consists of a medical…

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Orange County Business Journal | Innovation Institute Adds Device Maker to Roster

  HEALTHCARE: Collaboration to include Boston Scientific The La Palma-based Innovation Institute LLC has landed another collaborator in its quest to foster the development of medical products and services intended to reduce costs and promote quality of care. Natick, Mass.-based Boston Scientific Corp. last week signed on as the founding medical device sponsor of the…

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Journal of Emergency Medical Services | Innovation Lab Introduces Boston Scientific, Dell, and Deloitte as Partners in Health Care Innovation at Open House

Newport Beach, Calif. – The Innovation Institute hosted an open house for its Innovation Lab in Newport Beach, Calif. on October 1, 2015. Key partners, including Boston Scientific, Dell, and Deloitte were welcomed and honored as collaborators in health care innovation. Harry Greenspun, M.D., director, Deloitte Center for Health Solutions, Deloitte Services LP, served as…

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Clinical Innovation + Technology | Innovation Lab Introduces Boston Scientific, Dell, and Deloitte as Partners in Health Care Innovation at Open House

Newport Beach, Calif. – The Innovation Institute hosted an open house for its Innovation Lab in Newport Beach, Calif. on October 1, 2015. Key partners, including Boston Scientific, Dell, and Deloitte were welcomed and honored as collaborators in health care innovation. Harry Greenspun, M.D., director, Deloitte Center for Health Solutions, Deloitte Services LP, served as keynote…

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Medical Device Daily | Boston Scientific Captivates EMR Space and Plants Seeds for Future Innovation

By Omar Ford Staff Writer Boston Scientific (Marlborough, Mass.) launched a new product for the gastrointestinal cancer market and flexed its innovation muscle through an alliance with The Innovation Lab (Newport Beach, Calif.), an incubator that sources ideas from staff among member-owned hospitals across the U.S. from concept stage, to prototypes and end products. First,…

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Clinical Innovation + Technology | The Innovation Institute Names Boston Scientific as Founding Medical Device Sponsor of Innovation Lab in Newport Beach, CA

Newport Beach, Calif.  –  September 29, 2015 – Today, The Innovation Institute announced that Boston Scientific has signed an agreement to become the founding medical device sponsor of its Innovation Lab in Newport Beach, Calif. The Innovation Lab, a world-class, for-profit incubator, sources ideas from staff among member-owner hospitals across the U.S. from concept stage,…

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Diagnostic and Interventional Cardiology | Boston Scientific Named Founding Medical Device Sponsor of Innovation Lab

The Innovation Institute announced that Boston Scientific has signed an agreement to become the founding medical device sponsor of the institute’s Innovation Lab in Newport Beach, California. The for-profit Innovation Lab sources ideas from staff among member-owner hospitals across the United States from concept stage to prototypes and end products. The lab also works with…

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Fierce Medical Devices | The Innovation Institute Names Boston Scientific as Founding Medical Device Sponsor of Innovation Lab in Newport Beach, CA

Newport Beach, Calif.  –  September 29, 2015 – Today, The Innovation Institute announced that Boston Scientific has signed an agreement to become the founding medical device sponsor of its Innovation Lab in Newport Beach, Calif. The Innovation Lab, a world-class, for-profit incubator, sources ideas from staff among member-owner hospitals across the U.S. from concept stage,…

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Med Device Online | The Innovation Institute Names Boston Scientific As Founding Medical Device Sponsor of Innovation Lab in Newport Beach, CA

Recently, The Innovation Institute announced that Boston Scientific has signed an agreement to become the founding medical device sponsor of its Innovation Lab in Newport Beach, Calif. The Innovation Lab, a world-class, for-profit incubator, sources ideas from staff among member-owner hospitals across the U.S. from concept stage, to prototypes and end products. The Lab works…

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