Why innovation is crucial in healthcare

By Raymond Hino, CEO, Bear Valley Community Healthcare District

I recently attended a focus group session on best practices for innovation in large organizations. The session, sponsored by the Institute for Innovation in Large Organizations, focused on predicting and developing new markets, new products and new ways of doing business.

I realized immediately that we in healthcare must promote innovation if we are to successfully navigate major industry changes.

We are being rocked, as an industry, by the Affordable Care Act, ICD-10, value-based purchasing, Medicare and Medicaid cuts, and a multitude of other pressures. I learned during the session that it is becoming more common to move innovation into the C-suite with the creation of the chief innovation officer (CIO) position. How many of our hospitals have recognized the need for a chief innovation officer position? >> Read the full Hospital Impact post

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