Hospitals fund, operate innovation centers

Hospitals are trying to jumpstart new ideas with the creation of "innovation centers" that are intended to test out new ideas and improve outcomes, often incorporating the view of the patient rather than the institution. The typical innovation center has an annual budget of nearly $2 million, employs a half dozen people and may work on a dozen initiatives at once, according to a Commonwealth Fund survey. Money rather than space is the typical priority for starting up a center. Most work closely with frontline healthcare providers and well as healthcare IT firms. Read the full article at FierceHealthcare

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