Incubating Innovation: How Strategic Investments Can Drive Patient Engagement and Satisfaction
Venture capital investment in digital health hit a record $14.6 billion in 2018, according to a recent StartUp Health Insights report. Legions of startups continue to enter the space and roll out programs that are especially geared toward tech-savvy and increasingly demanding consumers, such as mobile apps, wearable devices, cutting-edge software and more. Big Tech players like Amazon, Google and Apple have also made significant inroads in the health arena as both partners and disruptors with an eye toward streamlining care delivery to patients. A number of hospitals and health systems have expanded their own innovation centers and venture enterprises, seeking to incubate – and in some cases spin off – new tech tools, services and intellectual property. But sorting out what works for patients is no easy task, nor is earning steady funding and making the right long-term investments, especially as providers and innovators work to maintain consistent levels of quality, safety, cost savings, patient/data privacy and impact. Hear from several strategic thinkers in the innovation space about how your own institution can find success and make an impact on the patient experience.