RT Book, Section
A1 Graham, Thomas J.
SR Print(0)
ID 1150321780
T1 Products
T2 Innovation the Cleveland Clinic Way: Powering Transformation by Putting Ideas to Work
YR 2018
FD 2018
PB McGraw-Hill Education
PP New York, NY
SN 9781259582950
LK accessmedicine.mhmedical.com/content.aspx?aid=1150321780
RD 2024/04/18
AB The  ultimate  goal  of  mission-driven  innovation  is  the  improvement  and  extension  of  human  life.  There  is  a  genuine  idealism  at  the  core  of  our  work.  Yet  some  people  blame  the  rising  cost  of  medical  technology  for  the  nation’s  current  crisis  in  healthcare  costs,  which  is  not  a  fair  accusation.  In  fact,  the  contrary  is  true.  The  virtuous  cycle  of  medical  innovation  actually  helps  to  control  the  cost  of  healthcare  delivery.  To  help  make  this  case,  I’m  going  to  describe  the  products  of  the  virtuous  cycle.  I’ll  break  them  down  into  four  principle  domains  and  review  some  of  the  obstacles  that  must  be  overcome  before  products  find  their  way  to  patients’  bedsides.  I’ll  make  the  case  that  medical  innovation  is  a  worthwhile  pursuit  from  an  economic  standpoint.  Finally,  I’ll  introduce  a  process  that  is  in  many  ways  the  social  counterpart  to  mission-driven  innovation:  value-based  innovation.