Orange County Business Journal | Celebrate Health, Celebrate Life

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 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 starring Jay Leno. More than …

Newport Beach Magazine | Movers and Shakers

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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 Beach Magazine as the city’s …

Quick Leonard Kieffer Feature | Simple Solutions Through Innovation

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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, for-profit limited liability corporation that …

CIO | A Picture Can Say a Thousand Words

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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. Ton created “VisuFlow,” a health …

Hospital Impact | Reaching the Steep and Rigorous Healthcare Innovation Mountaintop

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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 on a new health economy …

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

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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 Officer, The Innovation Institute, Moderator …

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

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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, Calif.-based St. Joseph Health system. …

Medical Construction & Design | HDC Leadership Recognized at Innovation, Technology Fundraiser

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LA PALMA, Calif. — Scot Berlinski, president and CEO of Healthcare Design & Construction and Janice Ramsay-Gonzales, operations director for HDC were honored by the St. Joseph Hospital, Orange “Spirit of St. Joseph Award” at The Gooding and Immell Families Celebration 2015, focused on raising funds for innovation and technology. The event took place at the Newport Beach Marriott Hotel …

CIO | The Varied Paths to Health Care Technology Success

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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…

For The Record | HCCS Assesses Early ICD-10 Returns

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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 than coding only ICD-10. For …

Orange County Business Journal |Boston Scientific Likes Innovation Institute Number

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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 technology incubator, an investment fund, …

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

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  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 institute’s laboratories in Newport Beach. …

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

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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 speaker and spoke about a …

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

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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, the company reported launching its …

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

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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, to prototypes and end products. …

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

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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 like-minded industry partners to transform …

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

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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, to prototypes and end products. …

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

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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 with like-minded industry partners to …

24 x 7 Magazine | To Improve Efficiency, Healthcare Mapping Tool Uses Pictures, Not Words

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The Innovation Institute, a medical device incubator based in La Palma, Calif, has introduced a new healthcare application designed to produce simple, graphical representations of complex healthcare processes. VisuFlow is compatible with Microsoft Visio, that company’s flow chart and diagram software. According to the Innovation Institute, the tool could help improve efficiency of patient care delivery.  More…  

Health Progress | Investment in Innovation Can Bring Transformative Change

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By JOE RANDOLPH Few would deny the need for transformative change in U.S. health care across any spectrum — political, socioeconomic or otherwise. Declining reimbursements, rising costs, changing demographics and the sweeping effects of the Affordable Care Act all are realities driving health systems to seek new solutions for care and new revenue sources. Increasingly, health care providers realize that …

Orange County Business Journal | Innovation Institute Reaches Beyond Healthcare

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Vita Reed Monday, August 24, 2015 The La Palma-based Innovation Institute LLC continues to rack up partners in its second year of existence. The institute is an independent corporation that aims to foster the development of healthcare-related products and services intended to reduce costs and promote quality. It currently has four owners—Irvine-based St. Joseph Health; Children’s Hospital of Orange County …

Hospital Impact | Personalized Medicine: Examining the Implications of a Healthcare Game-Changer

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by Joe Randolph As Peter Diamandis, M.D., founder of Singularity University, says, “the rate of change in healthcare is going to be exponential.” I believe that over the next 15 years, through technology advances and genomics, caregivers will have the ability to target and cure many diseases. The likely results will be that many diseases will be eliminated, and the …

Business Solutions | Innovation Lab Names Dell Services As Founding Partner For Incubator

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The Innovation Institute recently announced that Dell Services has agreed to act as the founding healthcare IT partner for their Newport Beach, CA, Innovation Lab. The lab, which falls under the world-class corporate healthcare incubator, launches new products and services focused on improving the health of people and communities around the world. It comprises both a physical space for connection, …

FierceHealthcare | California-Based Innovation Institute Acts as ‘Friendly Shark Tank’

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Collaboration, risk-taking drive healthcare innovation [Special Report] By Leslie Small Joe Randolph’s idea for the Innovation Institute started when he was the chief operating officer and executive vice president at Irvine, California-based St. Joseph Health, a system that includes 14 acute-care hospitals. The coming changes associated with healthcare reform meant many in the healthcare provider community were looking for ways …

Physicians News Network | OC’s Innovation Institute to Use Dell’s Technology to Focus on Cloud-Enabled Analytics, Patient Engagement

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The Innovation Institute announced last week that Dell Services has agreed to become the founding healthcare information technology partner of the institute’s Innovation Lab in Newport Beach, Calif. The Innovation Institute, a corporate healthcare incubator, is structured to facilitate innovation among inventors, healthcare plan providers, medical facilities, physicians and employees across major healthcare organizations. Through its Innovation Lab, medical product …

Clinical Innovation+Technology | The Innovation Institute Announces Deloitte as Sponsor and Collaborator for its Innovation Lab in Newport Beach

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Newport Beach, Calif. – The Innovation Institute today announced that Deloitte & Touche LLP has signed an agreement to become a sponsor and collaborator for The Institute’s Innovation Lab in Newport Beach, Calif. The Institute, an independent for-profit corporation, facilitates innovation among physicians and employees across major health care organizations. Through its Innovation Lab, medical product and delivery ideas are …

Corporate Tech Decisions | Collaboration Alive and Well at The Innovation Lab

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The Innovation Institute is quite a unique company. It is a for-profit business formed by seven non-profit health systems as equity investors, each holding a seat on the Members Committee. The organization is focused on transforming healthcare through the development of innovative new products, services, and ideas. The Institute acts as an incubator, evaluating ideas, determining long-term potential, and working …

Scientific Computing | Dell Named Founding Health Care IT Partner for The Innovation Institute

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PLANO, TX & NEWPORT BEACH, CA — The Innovation Institute announced that Dell Services has agreed to become the founding health care information technology partner of The Institute’s Innovation Lab in Newport Beach, CA. The Innovation Institute corporate health-care incubator is structured to facilitate innovation among inventors, health care plan providers, medical facilities, physicians and employees across major health care …