medical innovation Archives - InnovationManagement

Do Healthcare Institutions Need a Chief Innovation Officer?

Everyone wants to think that their innovation program is going to change the world and that feeling persists, because successful innovation programs can have enormous real-world returns. Businesses can save millions of dollars, new business models can disrupt markets, but some of the most impactful innovation efforts are genuinely in the healthcare space. Not only does healthcare innovation overall save the system money (for every dollar spent on innovative medicines, total healthcare spending is reduced by $7.20) but it also has the power to truly save lives as evidenced by research that states “between 1980 and 2010, medical advancements helped add 5 years to U.S. life expectancy.”

Rob Hoehn2021-12-15T07:02:10-08:00June 4th, 2018|Categories: Strategies|Tags: chief innovation officer, CIO, company culture, CRISPR, culture, healthcare, healthcare innovation, idea collection, idea management, industry innovation, innovation center, Innovation Culture, medical innovation, patient data, Technology, training|

The Vast Benefits of Tech Implants in the Human Brain

Technology has not only improved our ability to process information and use it to our advantage, but it is now possible to merge our minds to it. This process has already started.

Ideascale2021-12-14T15:37:35-08:00March 23rd, 2018|Categories: Organization & Culture|Tags: AI, artificial intelligence, Brain implants, cognitive skills, computers, medical innovation, medtech, memory, Technology, vision|

The Digital Tsunami

These days, when migrants arrive at a refugee camp, one of the first things they ask for is access to WiFi and electricity to recharge their cell phones. Their smartphone is as basic a resource for survival as food and water. This is a vivid reminder of the fact that we are fully immersed in a digital world.

Ideascale2021-12-14T06:29:51-08:00January 26th, 2017|Categories: Column & Opinion|Tags: 4G, 5G, AI, automation, automotive industry, big data, china, connected car, cyber-security, cyber-war, digital, digital era, digital platform, digitization, disruptive technology, driverless cars, europe, finance, fintech, global market, globalization, healthcare, healthcare innovation, in-depth article, IoT, IT, medical innovation, mobile, open source, Platform Disruption, privacy, smartphone, social media, switzerland, Technology, transformation, transportation|

Cut Costs in Health Care by Treating it Like Pollution

We seem to have a problem. Health care costs are doubling every thirteen years in the US, (Regalado 2013). By 2030 they will devour a third of the US federal budget (Regalado 2013). In spite of this, the US was ranked last in 2011 by the Commonwealth Fund in quality of health care among similar countries (Wikipedia 2013). We can sense the impending disaster and it seems the hope is that our usual panaceas for all problems, policy, technology or better education, will someday deliver us from our pains. But how?

Ideascale2019-10-15T15:20:58-07:00July 27th, 2015|Categories: Trend Alert|Tags: affordable healthcare, cost cutting, green innovations, healthcare, industry innovation, medical innovation, standard, Technology|

The Future of Medtech – Applying the Power of Innovation

The share of profits from new products is particularly high in medtech compared to other industries; and Arthur D. Little’s recent global Innovation Excellence study demonstrates that a high performance innovation system generates significant and quantifiable effects on profitability and accelerated time to market for new product development. This viewpoint outlines the future of the medtech industry and its opportunities as well as how to address the challenges through implementation of a well-designed Innovation Management System.

Ideascale2019-11-28T08:03:47-08:00March 20th, 2014|Categories: Strategies|Tags: healthcare, healthcare innovation, in-depth article, Innovation Management, medical, medical innovation, medtech, strategy, Technology, trends|

Synthetic Biology Begins To Deliver

Synthetic biology moves us from reading to writing DNA, allowing us to design biological systems from scratch for any number of applications. Its capabilities are becoming clearer, its first products and processes emerging. Synthetic biology’s reach already extends from reducing our dependence on oil to transforming how we develop medicines and food crops. It is being heralded as the next big thing; whether it fulfils that expectation remains to be seen. It will require collaboration and multi-disciplinary approaches to development, application and regulation. Interesting times ahead!

Ideascale2019-10-15T15:13:25-07:00May 17th, 2013|Categories: Enabling Factors, News, Trend Alert|Tags: chemical industry, energy, environment, food & beverage, IoT, medical innovation, synthetic biology|

Pain and the power of distraction

Chronic pain affects millions of people’s lives; millions more have operations every year, needing anaesthetics and pain relief. New approaches to managing pain ranging from watching films during operations to playing with inflated rubber gloves or virtual reality games are proving powerful tools in managing pain. While drug companies may face a challenge to their markets, patients could benefit, suffering fewer adverse side effects and healing better; and health care services may be able to reduce costs. Opportunities for home based approaches may also grow.

Ideascale2019-10-15T15:13:31-07:00May 2nd, 2013|Categories: Trend Alert|Tags: chronic pain, innovation, medical innovation, R&D|

Electronic Sensory Expansion

Sensory substitution is a method of replacing the information flow of one sense with that of another sense. The research dates back to the 1960s and has been used in various ways to help people with physical impairments. Biohackers and other researchers have recently adopted these techniques to enhance and extend the sensory experiences of the non-impaired with potentially practical applications, some of which might even enter the mainstream market.

Ideascale2019-10-15T15:13:44-07:00March 13th, 2013|Categories: News, Trend Alert|Tags: biohacking, emerging technologies, medical innovation, sensory substitution, Technology, trends|

Personal Power Ups

As implanted medical devices increase in variety and function and wearable computing draws closer, their energy needs have become paramount. Now, new sources are being found even as the devices scale down their energy requirements.

Ideascale2021-12-05T09:16:38-08:00December 12th, 2012|Categories: Trend Alert|Tags: biomedical devices, healthcare, medical innovation, Technology, trend, trends|

The Power of Thought

Brain computer interfaces (BCIs) enable people to control things by thought and nerve signals: they are emerging from the medical research arena. The technology of BCIs is becoming less invasive, sleeker and more powerful, with a growing number of applications from health care to gaming, smart homes to typing, medical research to market research. While not yet a mass market by any means, the potential for interacting with our surroundings in radically new ways is arriving.

Ideascale2021-12-02T16:10:33-08:00September 14th, 2011|Categories: Trend Alert|Tags: BCIs, brain computer interface, medical innovation, Technology, trend, trends|