Posts by Lab Staff

  I’ve noticed that many organizations across industry sectors have innovation in their mission statement and core values. Yet, what’s often missing is a meaningful program with dedicated resources to guide and empower a culture of innovation. What you end up seeing is unstable adjunct programs that go away the minute there’s a budget cut. Recruiters…

This week, hosts Mark Masselli and Margaret Flinter speak with Joe Randolph, President and CEO of the Innovation Institute, designed to provide resources and research expertise to catalyze health industry innovations for health professionals working in not-for-profit health systems across the country. More…  

THE INNOVATION INSTITUTE SEEKS TO BREAK MOLDS WITH NEW PRODUCTS AND SOLUTIONS By Nicole Gregory     2/12/2016 Sunlight pours through large windows, some of which overlook the Pacific Ocean. Groups of people are gathered at wide tables, engaged in discussion or watching large video screens in the bright office rooms. Surfboards are propped up in corners,…

The health care industry has a lot to gain from the fruits of big data. There’s more potential than ever before as we begin to analyze and use the wealth of data that is available to us today. Careful and timely collection of massive data as it relates to person, place, and population can reveal…

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Medical device innovation has steadily progressed as our understanding of disease states has deepened. However, device development still faces significant challenges. From concept to commercialization, advancing medical devices through to commercialization is risky business. The “runway” before takeoff can easily last five to seven years. Sizable amounts of time and resources are necessary to navigate…

Sioux Falls, S.D.-based Avera Health is the latest health system to join The Innovation Institute, an independent, for-profit organization based in La Palma, Calif. Avera Health is the fifth member of The Innovation Institute. The Innovation Institute features a unique business model where hospitals and health systems become investors of the organization. As members/investors, the…

Joe Randolph is known as a risk taker. He’s also getting to be known for the reward he’s chasing: a new paradigm for reducing costs and improving patient care with new products and services for the healthcare industry. Randolph has taken up the challenge as the leader of the Innovation Institute LLC in La Palma.…

 Celebrate Health, Celebrate Life   More than 500 guests attended Celebration 2015, St. Joseph Hospital’s annual fundraising gala. Community supporters, business leaders, and guests gathered at the Newport Beach Marriott Hotel & Spa on Oct. 17 to take part in an evening of silent and live auctions, raffle drawings and fine dining with live entertainment…

Meet Larry Stofko, One of Newport Beach Magazine’s Most Influential People of 2015 By Kirsti Correa, Allison Hata, Kristin Lee Jensen and Sharon Stello | Photos by Jody Tiongco By definition, “to influence” has a few nuanced meanings—for our purposes, it’s the power to affect someone or something. The nine people selected this year by Newport…

We live in a world where innovation is all around us. Whether it is an idea, a new product, a new service, or a new method, innovation drives the development of solutions that, if successful, will ultimately eliminate problems, regardless of nature or size. The Innovation Institute, located in La Palma, California, is an independent,…

Inefficient delivery of patient care is a significant cause of rising health care costs. Traditional methods of documenting complex processes and workflows do not translate well into the health care setting. Fortunately, an innovative hospital employee, Vinh Ton, has come up with a solution that he submitted to our Innovation Lab in Newport Beach, Calif.…

By Joe Randolph Today, health systems realize that they are at a crossroad–change or be left behind. But change requires innovation, and innovation requires investment and risk. Most health systems are focused on addressing daily challenges of delivering care to their patients, accommodating evolving regulations and responding to the new players stepping in to capitalize…

Last month, The Innovation Institute facilitated a panel discussion on collaboration for healthcare innovation at the Cavendish Global Impact Forum, hosted by Cleveland Clinic in collaboration with Cleveland Clinic’s Medical Innovation Summit. The discussion focused on how collaboration can dramatically accelerate and scale the exponential impact of innovation. Panel members included: Barry Didato, Chief Investment…

Written by Akanksha Jayanthi Not all innovation centers are alike, and not all innovation centers offer innovators and entrepreneurs the tools necessary for success. The Innovation Institute, a for-profit innovation center based in La Palma, Calif., is trying to remedy that. The Innovation Institute launched in January 2013 with a $40 million investment from Irvine,…

LA PALMA, Calif. — Scot Berlinski, president and CEO of Healthcare Design & Construction and Janice Ramsay-Gonzales, operations director for HDC were honored by the St. Joseph Hospital, Orange “Spirit of St. Joseph Award” at The Gooding and Immell Families Celebration 2015, focused on raising funds for innovation and technology. The event took place at…

Today, many hospital systems and health networks are investing in innovation to get access to new and better technologies that enhance and improve health care delivery. Some are approaching innovation as incubators, accelerators, and/or innovation centers. Others are raising money for innovation through venture/equity funds, self-funding/bootstrapping, or crowdfunding. More…