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, and ideas is an incubator that helps nurture ideas and brings them to market to improve care delivery, eliminate waste, and extend human life.The Institute’s “Advancing Healthcare Innovation Through Collaboration” initiative facilitates innovation among health system physicians, nurses, and employees, giving them the resources they need to turn a thought for improvement into an actual, tangible, implementable medical product. Innovations submitted, which have so far ranged from software to medical devices, are evaluated based on their capability to provide a better solution that can lower costs.
Mimi Grant, president of ABL and creator of the Innovations Awards Event, commented, “This year’s nine ABBY Finalists are truly exceptional, with companies that span diagnostics, medical devices, health IT, and service solutions that address a wide range of significant health issues. As a requisite, all the nominees’ devices have been approved by the FDA for use in the U.S. market. And all the solutions, even if they didn’t require regulatory approval, demonstrated significant metrics that they are improving clinical outcomes, and reducing the cost of providing quality care.” She concluded, “Increasingly, it will be innovative companies like these that will not only win ABBY Awards, but will be big winners as the healthcare industry continues its shift from ‘volume to value,’ and prepares for the costly onslaught of the ‘silver tsunami.’”
Joe Randolph, president and CEO of The Innovation Institute, said, “We are honored to have been selected as a finalist, and we are pleased to have had the opportunity to share about our mission, vision, and our unique business model.”
During the event, live presentations were made by the leaders of nine finalist companies. Following the presentation, the audience was asked to cast their secret ballots to determine the three Winners who would take home the coveted ABBY Awards.
In addition, Joe Kiani, Chairman and CEO of Masimo Corporation, made a keynote presentation and received the annual “Leadership in Innovation” Award.
Attendance at Innovations in HealthcareTM is open to all ABL Members, as well as non-Member senior executives of healthcare providers, payers, health IT, medical technology, and services firms. More…