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How Can Data Drive Medical Device Innovation?

ipCapital Group recently had the privilege of attending the 2016 BIOMEDevice Boston conference. Although the array of gears, wheels, pumps, membranes, molds, tubes and tools we witnessed was impressive, from our view, it was the data that stole the show. The Biomedical Innovation series of presentations focused heavily on the quest to collect, store and (somehow) utilize data, and made it clear that data is driving the cutting edge of the medical device industry. Three main themes emerged:

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POSTED BY Jeff Padgett AT 5:29 P.M. Apr 28, 2016

TAGS: Innovation | Strategy | Health Care | Jeff Padgett

Is "Ad Hoc" Innovation Good Enough?

As innovation consultants, we have a front row seat to watch (and help) companies learn how to be innovative. We've seen a lot of companies take a variety of approaches to innovation. One of the most common we see is what we call the "ad hoc" approach. This is a fancy way of saying "let's invent something and then see if we can sell it!" Although this approach is very common, it very rarely works well. We have a better approach. See how we helped a company in the health care industry apply four fundamental ingredients for a successful innovation strategy.

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POSTED BY Robert McDonald and Jeff Padgett AT 1:23 P.M. Apr 7, 2016

TAGS: Innovation | Process | Strategy | Robert McDonald | Health Care | Jeff Padgett | Ad hoc | Big Data

Can Innovation Heal Healthcare?

To say that the healthcare industry is under intense pressure to change is an obvious understatement. But in a large and mature industry how do we begin to understand the scope and scale of the change needed? Working with our clients, and a review of the literature has made it clear that there are three broad areas that can provide a framework for change.

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POSTED BY Robert McDonald AT 3:57 P.M. Mar 3, 2016

TAGS: Innovation | Process | Strategy | Robert McDonald | Health Care | Big Data | Telemedicine

Spiraling Healthcare Costs - Mergers are not the answer, innovation is.

What is really required to make a significant change to the overall cost of healthcare delivery and its associated industry of health insurance? The answer is innovation, both in how people are cared for and how they pay for it.

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POSTED BY Robert McDonald and Charles E. Root Jr. MS. AT 3:12 P.M. July 14, 2015

TAGS: Creativity | Innovation | Charles E. Root Jr. MS. | Robert McDonald | Wearables | Health Care

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