Innovation chiefs of non-profit healthcare systems examine ways to increase pace of innovation through collaboration
Published: Oct 10, 2018
HOUSTON, Oct. 10, 2018 /PRNewswire/ -- The nonprofit Healthcare Innovators Professional Society (HIPS) held its first conference recently at the Texas Medical Center with chief innovation and strategy officers, all members of HIPS Council of 33, attending from many of the nation's largest and best known non-profit healthcare systems. Top of mind among HIPS members was a dialogue about the current opportunities and challenges of healthcare innovation and ways they can collaborate to speed the pace of advancements that will improve patient care and lower costs.
"HIPS was created to give chief innovation and strategy officers in non-profit healthcare systems a peer network and platform to exchange ideas and information and, ultimately, work together on shared goals that will improve healthcare," said founder Toby Hamilton, M.D. "What is promising is that the conference produced meaningful dialogue and connections, agreement to keep working together, and alignment around some initial next steps."
In exploring the barriers to healthcare innovation, HIPS councilors identified these common challenges:
Recognizing the challenges, HIPS councilors affirmed their commitment to strategic innovation that can transform US healthcare for the benefit of all. As part of that commitment, HIPS councilors, who collectively represent one of every four hospital beds in the U.S., agreed to the following actions:
"This HIPS community, in reaching out across organizational boundaries, is a great example of the power of collaboration and a reminder that, while our hospital systems do compete in many ways, the shared goal is to improve our nation's health," Hamilton added.
As part of the two-day conference, HIPS councilors heard from leading voices in healthcare technology and systems change such as venture investor and former Sun Microsystems CEO, Vinod Khosla, and investor and philanthropist John Arnold, of the Laura and John Arnold Foundation. Recent case studies were presented by HIPS councilors including:
A session on measuring the value of innovation was presented by Thomas Graham, M.D., director of strategy and innovation at NYU Langone Health. A tour of the Texas Medical Center Innovation Institute from center director and HIPS councilor Erik Halvorsen and an informal talk on leadership and teamwork from Jamey Rootes, president of the Houston Texans football team, rounded out the program.
Along with offering avenues for peer-to-peer exchange, HIPS provides councilors with relevant content shared only within the community. Other benefits include access to leading healthcare incubators and accelerators as well as a diverse network of capital providers.
SOURCE Healthcare Innovators Professional Society (HIPS)