Health Facilities Management | Leading the Charge to Deliver Innovation

Joe Randolph, president and CEO of the for-profit Innovation Institute, La Palma, Calif., talks about the formation of the organization and how it’s diving headlong into helping health system professionals bring transformational products to market.

How did the Innovation Institute get started?

About four years ago, while I was chief operating officer of St. Joseph Health System, a $6 billion system in West Texas and California, we were preparing for the Affordable Care Act and the impact that it would have. In talking with my peers across the country, everybody was looking at how they were going to take 15 to 20 percent out of their cost structure. More…