La Palma, Calif. — The Board is pleased to announce the appointment of Mike McKinnon as the new President and CEO of the Innovation Institute, effective May 1, 2023. McKinnon brings a wealth of knowledge and expertise to the role with approximately 28 years of experience in health care. He is currently a Partner at Sheppard Mullin Richter & Hampton LLP and has served as the General Counsel of The Innovation Institute since its founding ten years ago. In addition to his background in law, McKinnon has also served in various business development roles in health care.
The Board stated that they are confident that McKinnon is the right person to lead the company going forward and will continue to drive growth and success. They say he is committed to building upon the strong foundation that has been laid and working collaboratively to achieve the long-term goals of the organization.
The current leadership team has announced their intent to retire on May 1st after ten years at the helm. Joe Randolph, current President and CEO, stated on behalf of himself and the team, “We have enjoyed every minute of every day since we first conceived the concept of the Institute and are so grateful to so many for their support over the past ten years. We truly believe that the Innovation Institute will be around for many years and will touch many lives with the ideas that come from the wonderful physicians, nurses, and employees from across the country.”
He added, “We want to thank all of our employees, our colleagues and friends that have supported us over the years, and we also want to thank the Member Health Systems that entrusted us with this opportunity to serve. We look forward to Mike taking the organization to new heights.”
McKinnon stated, “I am very excited to start my new role at the Innovation Institute and to build on the significant accomplishments of Joe, Steve, Ed, and Larry. Through their vision and leadership, the Innovation Institute is a trail blazer in advancing health care innovation through collaboration among health systems, inventors, industry, and venture capital to develop technologies that improve health care delivery and save lives. I look forward to working with our members, partners, and innovators to further our ability and capacity to influence and foster innovation in healthcare.”
About the Innovation Institute
The Innovation Institute is an independent, for-profit LLC owned by non-profit health systems for cultivating innovative solutions to transform healthcare delivery. The corporate offices are located in La Palma, California. This unique collaborative comprises over 23,000+ physicians and 170,000 healthcare workers from over 100+ hospitals and 500+ clinics, along with extensive industry business partners, to incubate and commercialize new medical products and ideas.
For more information, visit lab.ii4change.com.