Search Captions & Ask AI

Innovation in Health Care

July 13, 2015 / 07:31

This episode discusses the role of chief innovation officers in healthcare, their impact on innovation, and the research being conducted at Penn's Mac Center.

The conversation highlights the reasons hospitals are creating this role, who is chosen for it, and the outcomes of these innovations. The speaker shares insights from interviews with chief innovation officers and the challenges faced in implementing innovative solutions.

Key points include the difference between internal candidates, often physicians, and external candidates from other sectors, and how their backgrounds influence the definition of innovation within organizations.

The speaker, along with doctoral student Kyle Meyers and undergraduates, is collecting data to understand the practical applications of their research and its implications for healthcare and beyond.

They also note that the role of chief innovation officer exists in other sectors, suggesting potential crossover in findings and practices.

TL;DR

The episode covers the role of chief innovation officers in healthcare and their impact on innovation, based on research from Penn's Mac Center.

Episode

7:31
00:00:04
so the research project that I want to
00:00:07
talk with you about today is a project
00:00:09
that we're undertaking with the support
00:00:11
of the Mac Center here at Penn and this
00:00:15
this research examines a phenomenon
00:00:18
which is literally sweeping the country
00:00:20
in the world of healthcare innovation is
00:00:23
all the buzz in the world of healthcare
00:00:25
these days and what we're finding is
00:00:28
that a number of hospitals academic
00:00:30
medical centers in particular have
00:00:32
created a new role in their organization
00:00:35
and that role is called chief innovation
00:00:38
officer sometimes it's called vice
00:00:39
president for innovation but the person
00:00:42
who occupies this role is tasked with
00:00:44
trying to develop new approaches new
00:00:48
solutions innovative ideas and drive
00:00:52
them through the organization what we're
00:00:55
interested in in the in the project is
00:00:57
trying to understand number one why
00:01:00
hospitals are investing in the creation
00:01:02
of this new role and perhaps the
00:01:03
structure of the center number two who
00:01:06
were the people who were being called on
00:01:08
to head up these these initiatives and
00:01:11
number three what are the outcomes our
00:01:14
rates of innovation in any way affected
00:01:17
by the creation of this role and how so
00:01:20
this research were on the sort of the
00:01:22
front end of the process here we're
00:01:24
interviewing chief innovation officers
00:01:27
and other people sort of around the
00:01:29
country and academic medical centers and
00:01:31
we're probably halfway down the road in
00:01:35
terms of the data collection process and
00:01:36
I'd be happy to share some of the
00:01:39
findings with you at some point during
00:01:41
this conversation we're having
00:01:47
well thing I love about this project is
00:01:49
it sort of fits right Foursquare in the
00:01:53
center of the mac centers mandate and
00:01:56
and the mac centers mandate and the and
00:01:58
the the research itself the goals of
00:02:00
research or to contribute in two
00:02:01
dimensions one is the development of and
00:02:04
further refinement of theories of
00:02:06
innovation in the context of large
00:02:08
complex organizations and number two is
00:02:11
so what are some of the practical
00:02:14
applications of the research that we do
00:02:16
so we're not undertaking this research
00:02:18
simply to advance theory but we're also
00:02:22
very very interested in the practical
00:02:24
side of this so what seems to be working
00:02:27
in what context what can we learn about
00:02:30
the way in which it's working or the
00:02:32
kind of obstacles that organizations
00:02:35
doing this encounter that we can then
00:02:37
disseminate and let others learn from so
00:02:39
that the process of the development of
00:02:41
innovation of new approaches in these
00:02:44
complex wildly complex academic medical
00:02:46
centers can unfold with fewer problems
00:02:49
and perhaps better outcomes
00:02:56
so what's really interesting about this
00:02:58
is that while everybody agrees that the
00:03:02
current dilemmas that our healthcare
00:03:03
system is facing require innovation and
00:03:06
innovation everybody's talking about
00:03:08
innovation the centers for innovation
00:03:10
are slow a little diffusing somewhat
00:03:13
slowly that themselves and what we found
00:03:16
there are two things that are important
00:03:18
at this point one is the question of so
00:03:20
who's getting picked to play the role of
00:03:22
chief innovation officer and what we
00:03:24
find there is that sometimes the
00:03:25
candidates are internal people the
00:03:27
people are chosen are internal people
00:03:29
physicians who understand the
00:03:31
institution its culture well and in
00:03:34
other cases they're outsiders who don't
00:03:37
have an MD degree but who've been very
00:03:40
successful in moving the needle on
00:03:42
innovation in other settings outside the
00:03:44
the world of healthcare that's
00:03:46
interesting because there are two quite
00:03:47
different theories about the
00:03:48
capabilities that are required to be
00:03:50
successful the second thing that we're
00:03:53
learning is that implementation is the
00:03:55
stumbling block while it's easy to get
00:03:59
one of these things off the ground and
00:04:01
to hire somebody it's it's at that point
00:04:04
that the real hard work begins and what
00:04:06
we're finding is that in some cases
00:04:08
there's been a certain amount of success
00:04:11
in moving in needle on innovation in
00:04:13
other cases it's been a really tough
00:04:15
slog and implementation is proving to be
00:04:19
a huge challenge
00:04:25
so what's really one of the things has
00:04:27
been really interesting about this is to
00:04:29
see how innovation is defined in
00:04:32
different settings that we've observed
00:04:34
and what we're finding is in some
00:04:36
settings it's relevant early to find
00:04:38
perhaps in terms that most of us might
00:04:40
sort of off the top of our heads
00:04:42
associate with an academic medical
00:04:45
center their innovations in medical
00:04:47
technology or innovations and surgical
00:04:49
procedures but in some settings the
00:04:51
definition of innovation is much broader
00:04:53
and includes innovations and human
00:04:55
resource practices innovations in the
00:04:57
way workflows are defined and it's sort
00:05:00
of a much broader view and what one of
00:05:02
the things that we're interested in and
00:05:04
we think we are onto something here is
00:05:06
it seems that when somebody is hired
00:05:09
from the outside to play this role of
00:05:11
chief innovation officer and when I say
00:05:13
outside I mean not only outside the
00:05:15
academic Medical Center itself but
00:05:16
outside the field of medicine in general
00:05:18
they tend to take a much broader view of
00:05:20
what innovation encompasses so the the
00:05:23
range of initiatives that are undertaken
00:05:25
under their Aegis is somewhat broader
00:05:28
than the range of things that are
00:05:30
undertaken initiatives that are
00:05:31
undertaken when it's an MD who is in
00:05:34
this role of chief innovation officer
00:05:36
that has I think real implications down
00:05:40
the road for how institutions that
00:05:43
haven't already set up an Innovation
00:05:45
Center haven't identified and hired a
00:05:48
chief innovation officer might want to
00:05:50
think about what they want to accomplish
00:05:51
with this role because the kind of
00:05:54
person you choose for that role is going
00:05:56
to have a major impact on how innovation
00:05:58
gets defined internally and then what
00:06:01
the consequences are subsequently
00:06:06
so what's next well I'm working with
00:06:08
Kyle Meyers who's an advanced doctoral
00:06:10
student in our department here at
00:06:12
wharton of health management economics
00:06:14
and three undergraduates in the
00:06:16
engineering school on the work in health
00:06:19
care that work we're in the process of
00:06:22
finishing up the data collection and and
00:06:24
that should be completed rather soon one
00:06:27
of the fun things about this project is
00:06:29
that as we've gotten into it what we
00:06:31
found is that this role of chief
00:06:32
innovation officer exists in other
00:06:35
sectors of the economy outside
00:06:37
healthcare and it's going to be very
00:06:39
very interesting in terms of what's next
00:06:42
to see that whether the kinds of things
00:06:44
that we're finding in the world of
00:06:46
healthcare also apply to similar kinds
00:06:49
of initiatives outside the world of
00:06:51
healthcare my suspicion at this point is
00:06:53
that there will be some crossover and
00:06:55
the so some of what we're learning about
00:06:58
more and less effective initiatives in
00:07:01
the world of healthcare will be relevant
00:07:04
for organizations that are anticipating
00:07:07
adding this position of chief innovation
00:07:09
officer outside the world of healthcare
00:07:10
so we're very excited in a practical
00:07:13
sense about the implications of our
00:07:15
findings in the world of healthcare to
00:07:17
the world outside healthcare
00:07:26
you

Episode Highlights

  • The Rise of Chief Innovation Officers
    Hospitals are creating roles like chief innovation officer to drive innovative solutions.
    “This role is tasked with developing new approaches and driving them through the organization.”
    @ 00m 38s
    July 13, 2015
  • Challenges in Implementation
    While hiring for innovation roles is easy, implementation proves to be the real challenge.
    “Implementation is the stumbling block; the real hard work begins after hiring.”
    @ 03m 55s
    July 13, 2015
  • Broader Definitions of Innovation
    Outsiders in innovation roles tend to have a broader view of what innovation encompasses.
    “When hired from outside, they take a much broader view of innovation.”
    @ 05m 20s
    July 13, 2015

Episode Quotes

  • Innovation is the key to solving our healthcare system's dilemmas.
    Innovation in Health Care
  • Implementation is proving to be a huge challenge.
    Innovation in Health Care
  • The kind of person you choose for that role will impact how innovation is defined.
    Innovation in Health Care

Key Moments

  • Healthcare Innovation00:18
  • Chief Innovation Officer00:38
  • Implementation Challenges04:19
  • Broader Perspectives05:20

Words per Minute Over Time

Vibes Breakdown

Related Episodes

AI's Impact on Innovation Management – Christian Terwiesch & Valery Yakubovich | AI in Focus Series
November 10, 2023
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
26:36
AI's Impact on Innovation Management – Christian Terwiesch & Valery Yakubovich | AI in Focus Series
Radical Innovation: Managing the Unmanageable
October 29, 2014
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
06:23
Radical Innovation: Managing the Unmanageable
What's Behind VPS Healthcare's Explosive Growth
October 19, 2015
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
21:00
What's Behind VPS Healthcare's Explosive Growth
How Can AI Improve Health Care? – Wharton's Hamsa Bastani and Marissa King | AI in Focus Series
November 10, 2023
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
27:45
How Can AI Improve Health Care? – Wharton's Hamsa Bastani and Marissa King | AI in Focus Series
The Promise and Peril of Digital Mortality
December 03, 2015
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
30:54
The Promise and Peril of Digital Mortality
J&J's William Weldon: Leadership in a Decentralized Company
June 25, 2008
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
17:06
J&J's William Weldon: Leadership in a Decentralized Company
Radical Innovation: Creativity vs Structure
November 11, 2014
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
15:40
Radical Innovation: Creativity vs Structure
Leadership Strategies for Accelerating Growth
July 01, 2013
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
18:02
Leadership Strategies for Accelerating Growth
How to Cut Down on Visits to the ER
August 18, 2014
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
15:12
How to Cut Down on Visits to the ER
Health Care Reform: Lessons from Massachusetts
April 11, 2012
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
17:20
Health Care Reform: Lessons from Massachusetts
The Health Care Landscape: Changes and Challenges Ahead
March 27, 2013
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
17:07
The Health Care Landscape: Changes and Challenges Ahead
Radical Innovation: Unleashing Creativity
October 24, 2014
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
17:24
Radical Innovation: Unleashing Creativity