Northwell Health And Incremental Innovation

I would define innovation as the ability to apply this creative thinking to an existing product, solution or approach that improves the outcome of a solution to a problem or usefulness of a product. Innovation is the ability to put creative thoughts to use in a way that is beneficial to a person, product, object, problem or situation. .

Alongside the entrepreneur spirit, Innovation is the process of taking new ideas and implementing them into the market. Key word being “new”, an innovation can be sometimes viewed as the application to better solutions that meet new demand-requirements, inarticulated needs or existing market needs. Innovative ideas range from: goods, services, products, processes, services, technologies or ideas that create value for which customers will pay for. For an idea to be an innovation, it must be replicable at an economical cost and must satisfy a specific need. This means is that one must be ready and willing put their new idea to the test. On the other hand, there is recognition that “innovation is also critical to cultural, environmental, social, and artistic progress as well” (Bullinger, 2006). With this stated, high-tech innovation is ultimately the reason why we can be thankful for the many new conveniences of the 21st century. Although we might see the forefront of innovation being very prominent in today’s world, innovation is truly nothing new. From the start of modern man times, innovative ideas have paved the way for civilization to advance and develop into what we are today and at the same time, we have barely begin to chip away at the tip of the iceberg of our true human potential. Some scholars believe that innovation is a

A recent survey of the nation's top CEO's concludes that innovation remains the lifeblood of business. "For CEO's today, it's all about achieving growth and efficiency through innovation. It's not about product innovation so much anymore as about innovating business models, process, culture and management." (April, 2006).

One model of health care innovation that has resulted in improved member outcomes and safety at Optum is Lean thinking, principles, and methods. Applying Lean thinking to improve case management call contacts transplantation program initiative has improved member safety and quality outcomes. For example, Optum’s transplant service program is creating a culture receptive to Lean thinking.

We are seeing slow growth in healthcare cost due to Affordable Care Act rapid spending in health care. A key goal of the ACA was to begin wringing these inefficiencies out of the health care system, simultaneously reducing the growth of health care spending – and its burden on families, employers, and state and federal budgets – while increasing the quality of the care delivered (Whitehouse. Gov). Advancement in technology which is costing a bundle in hopes of cutting the cost and providing more efficient fast quality and finding better ways of managing patients flows, while still providing quality service in health care.

Evidence-based disruptive innovations can be a very good thing in the healthcare industry. Disruptive innovation in itself can prove to be undesired, not only it fosters great change, but also poses economic problems for vendors and organizations. The latter will have to invest in this new idea, thus negating some of it previous investment in the old technology or procedure. Having data to support the worth and validity of new ideas will help convince stakeholders of the importance of the change and protect it more or less from being blockaded by those who would benefit from the status quo.

Here are the key things I found in recent research about hospitals. Hospitals are health care facilities that provide specialized services to communities and notably they have advanced from the historical stage of warehouses designed to take care of the poor, ill, and homeless (Williams & Torrens, 2008). Hospitals have advanced through technology that has allowed for more specialized clinics, growth of specialized services, new medical treatments, and new surgical devices. New technology allows hospitals to operate at higher levels in the competitive market, but it comes at a cost. Health plans may consider the new medicine or treatments as experimental and deny payment. Although it is widely acknowledged that innovation and experimentation in medicine are both necessary for progress in the medicine field, the definition of experimental services is quite ambiguous in healthcare (Salkin, 2016). There is a fine line between a service being considered experimental one day and then viewed as the state of the art treatment on the next day. So, technology is a blessing and a curse to the hospital industry due to the pricing pressures. Financial restraints

The word ‘innovation’ is derived from Latin word ‘innovare’, which means “to change something to new”. In other words, we may say that ‘innovation’ means changing the regular way of doing things and involves doing the regular things in a novel way.

Disruptive innovation process is for all businesses and in health care it is proved to be the most useful innovation because it helped in making healthcare available for all and affordable for all. The well design model of business administration used by big industries to cut down the cost and making the expensive technological services and goods available to mass is called "Disruptive Innovation''. This process used in health care has changed the affordability and make it accessible to all general people.

Innovation is not a single activity; it is a process. For businesses, innovation means fresh ideas, developing new products or services and its effective processes. Innovation can be key to any business or company in the future. Bringing innovation into your business can help you save time and money and gives you the competitive advantage needed to grow your business.

Innovative leaders, given the conceptual framework, innovation methods, and organizational support structures and systems, can drive significant innovation and change within a healthcare system. Even though the ubiquitous challenges of a deeply entrenched healthcare system and associated practices can seem overwhelming, nurses nationwide are mastering the concepts and skills of innovation and making a tremendous difference in the practice of nursing, thus improving patient care (Blakeney, et al.,

Tidd and Bessant (2009) argued that “Unless an organization is able to move into further innovation, it risks being left behind as others take the lead in changing their offerings, their operational processes or the underlying models that drive their business”.

Innovation refers to finding new ways to improve the existing products, services, processes, technologies, and employee performance in an organizational setup. In today's competitive business environment, organizations have to focus on bringing innovation in each and every aspect of their business operations; like products or service offerings, enterprise resource planning systems, marketing and promotional efforts, and organizational structure. The market challenges and competitive pressures also force organizations to use a blend of all these innovation processes in their business activities. Therefore, it is vital to give an equal focus on product innovation, process innovation, marketing innovation, and organizational innovation within the limited organizational resources and capabilities.

Innovation is the process by which ideas are created, selected and implemented to bring about profitable change to organisations. Innovations come as a result of an identified need for organisations to change their current processes, activities or operations. Andriopoulos and Dawson (2009) explain that organisational change is ‘new ways of organizing and working’. They explain that change occur in two dimensions – movement of state and scope of change.

Companies live and breathe innovation; or, at the terribly least, notice it basic to their success. Such companies are those that others ought to emulate for they recognize that to do business, as Peter Drucker prompt in an exceedingly recent Harvard Business review article, “Every firm—not simply businesses—needs one core competence: innovation.”