Sample Approach: Innovation Center Assessment
What type of Innovation Center are you or what type do you want to be? Does everyone in the Health System know that? Are you Internal Innovation? External Commercialization? Venture Investment Focused? Tech Incubation and Acceleration? Research and Development? Partnership Management? We align and define these for your system to make you empowered and successful.
What are your Objectives, Focus Areas, and Measurable Goals inside of your definition of "Innovation Center"?
Why Can't You Sleep?
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I’m afraid I’m going to either have my innovation center closed or lose my job because I can’t demonstrate enough value
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I’m at the c-suite table but all of my work gets deprioritized over standard IT projects
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I have no resources or budget to actually move the needle on innovation
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I have such a disorganized innovation center that we can’t get anything done or aren’t even sure what it is we’re trying to do
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I have budget but need to figure out how to actually use it for value add innovation
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Nothing we produce ever sees the light of the day because it doesn’t align to the constantly changing organizational strategies
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1. Resistance to Change
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2. Aligning Innovation with Strategic Goals
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3. Budget Constraints
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4. Regulatory Compliance
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5. Managing a Portfolio of Innovations
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6. Scaling Innovations
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7. Keeping Pace with Technological Advancements
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8. Data Management and Analytics
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9. Cultural Shift Towards Innovation
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10. Measuring Impact and ROI
What are your Macro Level Challenges?
Example Approaches
Remove Isolation
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Align Innovation with Organizational Goals
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Use Data-Driven Results
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Develop Case Studies and Success Stories
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Establish Regular Reporting
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Invite Involvement in the Innovation Process
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Show External Recognition
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Benchmark Against Competitors
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Forecast Long-Term Benefits
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Highlight Scalability and Expansion Potential
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Communicate Lessons Learned and Knowledge Gained
Partner With IT
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Develop Strong Relationships with IT Leadership
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Establish Cross-Functional Teams
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Incorporate IT Early in the Project Lifecycle
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Joint Planning and Strategy Sessions
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Shared Goals and Objectives
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Communication and Transparency
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Training and Knowledge Sharing8. Recognize and Address IT Concerns
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Co-Develop IT Infrastructure Requirements
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Feedback and Iterative Improvement
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Highlight IT Wins and Contributions
Sample Approach: Health System Selection
Given the speed of innovative solutions entering the market and the changing vernacular of "automation" techniques, identifying which solution company / product to partner with can be a daunting task...resulting in paralysis and delays. At Griffin Associates we have developed a prescriptive approach to not only identify but also vet and contract quickly with both embryonic and established vendors.
