Innovating in Health Care Framework Note Regina E Herzlinger 2013
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In the context of a health care organization, innovating is defined as “the process of creating new approaches, technologies, and organizational systems to meet evolving clinical, financial, and social demands”. Innovating in health care refers to the creative approach that businesses, governments and non-profit organizations use to drive economic growth, generate new revenue streams, reduce costs, improve quality and enhance consumer satisfaction. Health care innovation is a unique contribution to the innovation landscape in other sectors and has significant impacts on stakehold
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“A New Model for Health Care Innovation and Competition” (2013) was the most influential research piece in my career. In it, I showed that new entrants, especially those in the private sector, were bringing transformative innovation to the health care market. This was because, with limited resources and traditional organizational structures, new entrants were better equipped to “disrupt” established models by focusing on new and emerging capabilities. Because health care remains an area with significant potential for innovation, I focused on this topic as
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– Health Care Innovation – Health Care Innovation: Counter Intuitive Ideas – Health Care Innovation: The Role of the New Business Model – Health Care Innovation: The Differentiated Clinical Intervention Model – Health Care Innovation: A Case Study (HCA) Topic: Innovating in Health Care Framework Note Regina E Herzlinger, PhD, is a Professor of Health Care Management at Harvard School of Public Health, USA. She holds a PhD in Health Care
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The health care industry is continuously evolving. The recent global financial crisis has not only influenced the patient side but also the health care service providers. The industry is facing tremendous changes, which will affect the way health care is delivered in the coming years. Therefore, it is of utmost importance to be innovative to stay ahead. The following chapter will provide an overview of the innovation concept, how it can be measured, and how to transform the industry. visit site Innovation Concept: Innovation refers to the process of
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The United States has a great opportunity to rethink health care by adopting innovative solutions that will not only save costs but also enhance access, quality, and health outcomes. That’s a big call. But a report by the Institute of Medicine (IOM) confirms that the United States is on the right track. visit this site The IOM’s report on The Future of America’s Health: Improving the Performance and Payment Mechanisms for Health Care highlights many successes in American health care, including the increasing use of electronic health records, which
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Healthcare is a $3.4 trillion dollar industry that is transforming at an exponential pace. Every year, a new device or treatment is approved for the first time. However, the cost of healthcare in the US remains one of the highest in the world, with a median premium of over $12,000 per year for a typical family of four. In this note, we outline a new approach to healthcare innovation. Our goal is to help healthcare providers and payers create innovative solutions to some of the toughest