In the News

The Orange County Register | New Ventures

Franciscan Missionaries of Our Lady Health System, a Louisiana-based healthcare system, signed an agreement to become the fourth member owner of The Innovation Institute in La Palma. Owned by nonprofit health systems, The Innovation Institute works as an incubator by bringing together physicians, employees and industry business partners to come up with new medical products…

Read More

Bridges | Mission Innovation: The Irresistible Impulse to Create

“Creative juices run hot through our veins,” says Sister Diane Hejna, who believes that God gave each of us the gift to create, organize and fashion. “When creativity is flowing freely, ‘work’ doesn’t feel like work. Inspiration, the spirit within us, gets us moving. Idea builds upon idea and action steps naturally fall into place.…

Read More

Hospital Impact | The Importance of Inspiring Daily Innovation Within Hospitals

By Joe Randolph As president and CEO for The Innovation Institute, an incubator for healthcare ideas for hospital systems, I have the opportunity to meet regularly with hospital leaders. Many are dealing with significant challenges as they strive to manage rising costs while improving care. I empathize with their situation and suggest innovation as a…

Read More

Medical Construction & Design | Petra ICS Takes Home Top Awards for St. Jude Medical Center Northwest Tower Project

LA PALMA, Calif. — Petra Integrated Construction Strategies has received awards from two different organizations for its work on the St. Jude Medical Center Northwest Tower project in Fullerton, California. The Northwest Tower offers a state-of-the art clinical setting that features 14 leading-edge surgical suites, including a neurological suite, which is the first in California…

Read More

Construction Business Owner | Healthcare Property Advisors Represents St. Joseph Heritage Healthcare in Lease Transaction

HPA Realty Inc. finished a multi-year lease transaction for a member of the California-based St. Joseph Hoag Health alliance Fullerton, CA. (May 7, 2015) – Following another recent transaction by Healthcare Property Advisors (HPA Realty Inc.) for the largest 2014 Orange County acquisition of a medical office portfolio in Mission Viejo, today, HPA Realty Inc.…

Read More

OC Business Journal | Credit Collaboration for Cripe’s Place on List

HEALTHCARE: CHOC boss cites Innovation Institute as latest example Vita Reed   Monday, May 11, 2015 You’ll find Kimberly Chavalas Cripe among this year’s OC 50, the Business Journal’s annual inventory of the most influential members of the community of business here, and the subject of this week’s Special Report (see pullout for profiles). You’ll also…

Read More

Diabetes in Control | Pandemic Threatens Economic Prosperity

Diabetes has infiltrated the Middle East and is now leading to the deaths of nearly one in every three adults… This pandemic is largely an avoidable condition: diabetes; and it will soon begin to crush many of the economic dreams throughout the Middle East. Without innovation and dramatic new solutions, the growing economic prosperity throughout…

Read More

Innovation Excellence | Why Investors Hate Medtech Innovation for Kids

by Barry Didato Medical Solutions for Children Julius Caesar once said, “Men believe that which they wish to be true.” Today, this statement rings true when sampling investors’ opinions that enough is being done to assist innovators trying to bring medical solutions to help sick children. Most investors are horrified to learn the reality is…

Read More

For The Record | Tapping the Trenches for HIT Innovations

In today’s environment, declining reimbursement, rising costs, changing demographics, and the Accountable Care Act have been driving health care systems to seek new revenue sources. Many believe that incremental change and cost reductions will not be enough to make up the shortfall. Some even surmise that non-patient revenues will surpass patient revenues at some point…

Read More

ZAWYA | U.S. Based Innovation Institute Looking Into UK and Middle East Healthcare Innovation Partnerships

Answering the healthcare innovation imperative globally, The U.S. based Innovation Institute announced today that Children’s Hospital of Orange County (CHOC Children’s) has signed an agreement to become a member owner and investor in The Innovation Institute, a healthcare innovation collaborative based in Newport Beach California. In the meanwhile, The Innovation Institute is in negotiation with healthcare…

Read More

Health Facilities Management | Hospitals Test Out New Design Concepts

Organization improves project design and delivery process Petra Integrated Construction Strategies (ICS), La Palma, Calif., is working to innovate health care design and construction through advanced project management and delivery tools, and new facility design concepts. Petra ICS is a subsidiary of the Innovation Institute, La Palma, a for-profit organization owned by nonprofit health systems.…

Read More

Health IT Outcomes | The Innovation Institute Shares Models for Innovation at SoCal HIMSS IT Conference

On March 4, at the Southern California Chapter of HIMSS (SoCal HIMSS) IT Conference at the California Endowment Center in Los Angeles, Calif., Larry Stofko, executive vice president of The Innovation Institute, moderated a panel to discuss which models for innovation are most effective. Ryan Kelly, PhD, senior commercialization officer, Cleveland Clinic Innovations, an alliance…

Read More

InformationWeek | Mobile Medical Apps: To Be Or Not Be Regulated

The FDA has answered several critical questions on what health-related apps face scrutiny. On Feb. 9, the US Food & Drug Administration released guidance documents related to what kind of Mobile Medical Apps it will   regulate, and what types that it won’t. The FDA explained that “the rapid pace of innovation in mobile apps, and…

Read More

CityBizList |Bon Secours Health System Kicks Off Inventor Forum Roadshow with The Innovation Institute

Bon Secours Health System has kicked off an innovation program that taps physicians and employees for medical product ideas that could potentially improve health care.In late 2013, the Health System entered into an agreement with The Innovation Institute, an independent medical product incubator, to facilitate innovation among its thousands of physicians and employees. The Institute…

Read More

Orange County Business Journal | Summit Picks Brains About Healthcare Accelerators

Institute Hosts Event On Helping Efforts Succeed Vita Reed Tuesday, January 20, 2015 The La Palma-based Innovation Institute, a provider of business services and products and investment management services to health systems, is taking a broad role in championing its cause. The Institute was established in 2013 with an investment by Irvine-based St. Joseph Health.…

Read More

Physicians News Network | Health Care Innovation Center Minds Meet to Collaborate and Develop Best Practices that Lead to Transformation

By Joe Randolph, President & CEO, The Innovation Institute  BluePrint Healthcare IT and The Innovation Institute hosted the Fourth Innovation Centers Summit Workshop at the newly opened Innovation Lab in Newport Beach, California. Innovation champions representing provider-based healthcare innovation centers from across North America gathered last November to develop best practices, learn about funding, how…

Read More

Integrated Healthcare Delivery | Healthcare Innovation Center Minds Meet to Collaborate

In November, BluePrint Healthcare IT and The Innovation Institute hosted the Fourth Innovation Centers Summit Workshop at the Innovation Lab in Newport Beach, California. Innovation champions representing provider-based healthcare innovation centers from across the North America to develop best practices, learn about funding, how to succeed as a health care innovation accelerator and increase their…

Read More

California Healthline | Choosing Niche Might Be Key to Success for Health Care Accelerators

Accelerators — technology-based approaches to traditional health system challenges — are accelerating. In 2012, there were about two dozen efforts that fit the definition. Now there are 115 in the world, 87 of them in the United States, according to the recent report, “Survival of the Fittest: Health Care Accelerators Evolve Toward Specialization.”  More….

Read More

Newport Beach Magazine | An Entrepreneurial Spirit

In the beach culture of Newport—and the rest of Orange County—young surfers and skateboarders can be found trying tricks over and over again, falling down and picking themselves back up until they get the maneuver right. From a young age, this approach to life becomes ingrained; these traits, it turns out, also are important qualities…

Read More

Med City News | How Sigma Six is Holding Back True Innovation in Healthcare

Today, most healthcare organizations operate in ways that are  antithetical to innovation. The trend in patient-centered healthcare is to focus  on stability, predictability, standardization and the avoidance of risk. Process  engineers are deployed to help hospitals and healthcare systems eliminate waste  and improve their organizations using Lean and Six-Sigma principles. Few  operators develop an effective…

Read More