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An increasing number of healthcare organizations across the U.S. are opening innovation centers or hubs to develop, test and implement emerging technologies and other cutting-edge solutions to improve health quality and patient care, increase staff productivity, optimize business operations, reduce costs, and generate new revenue.
Some innovation centers partner with other healthcare organizations, tech companies and educational institutions to collaborate on projects. Some offer grants to enable staff and researchers to pursue their ideas. These innovation hubs can also serve as incubators, helping staff commercialize products. Why Healthcare Organizations Are Launching Innovation Centers | HealthTech MagazineLinks to an external site.
At Memorial Healthcare System, we opened our innovation center in 2023 called Memorial Innovatory Memorial Innovatory | IDEATE.INNOVATE.IMPACTLinks to an external site..
Does any of your organizations have an Innovation Center as a source of revenue?