What makes a good innovation strategy?
Implementing innovation and new ideas in health systems can be a tricky endeavor. With tight margins and increasing competition, new innovation strategies must be creative and flexible.
Atlantic Health System has implemented an innovative venture capital strategy, complete with a venture studio. Doug Hayes, the studio’s executive director, says health systems need to focus on the pursuit of their own innovations, instead of looking elsewhere for ideas or guidance. The New Jersey based health system has created a four pronged approach when it comes to innovation.
Check out this infographic for a quick breakdown.
Check out the accompanying article here.
Marie DeFreitas is the finance editor for HealthLeaders.