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Health Care Innovations

As healthcare organizations face unprecedented challenges to enhance quality, reduce harm, improve access, increase efficiency, eliminate waste, and lower costs, innovation is becoming a serious focus once more. Under our present system, just doing our greatest or working harder won't be enough. The healthcare industry is on the brink of massive change. There are many forces driving the necessity for innovation. The traditional encounter-based healthcare delivery model is being overwhelmed as a results of the expansion in demand driven by retiring Baby Boomers and therefore the rapidly increasing prevalence of chronic disease. In recent decades, the bulk of innovation in healthcare has been centered on the event of latest diagnostic procedures, therapies, drugs, or medical devices. Over the past 20 years , innovation has become critical to economic process and progress altogether industries. To the casual observer, technology-induced innovation can seem random and linear, but if one stands back, a more dramatic pattern becomes apparent. The pace of innovation is accelerating exponentially and often is exogenous to the economy. Entrepreneurs and scientists don't think or create more slowly during recessions. Innovation is often easier during downturns and difficult times. This is especially true of digital innovation.
 

Last Updated on: Jul 03, 2024

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