Innovation creates new treatment and care initiatives

Healthcare technology innovation is instrumental in meeting increasing expectations for patient-led care, while reaching and treating new markets. However, siloed communication, differing healthcare priorities, and inadequate planning can hinder advancements for payers, providers, and life science companies. Success in innovation relies on the productive and efficient exchange of ideas in a repeatable and scalable model. Planning a thoughtful innovation process is vital as companies assess how best to invest in advanced technology and care.

A successful innovation process contains three distinct steps—ideate, iterate, and deliver. To obtain a higher return on innovation investment, healthcare companies must engage in productive and collaborative brainstorming (ideate), develop agile prototypes for testing (iterate), and then launch a sustainable product or service into the market (deliver). By using this process, companies can uncover new health innovation technologies, driving higher value and better care to existing and new patient populations…