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Transforming Healthcare
Through Innovation Thomas J. Graham, M.D. Central Florida Partnership August 25, 2016
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Contemporary Healthcare Landscape
Historic Inflection Point Change is Real & Immediate All Players Affected Value is the New Yardstick “Triple Aim” Measures
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Healthcare’s Triple (or Quadruple) Aim
Improving Health of Population Enhancing Patient Outcomes Reducing per capita Cost Ensuring Access to Quality Care
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Innovation: The Margin of Difference
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Defining Innovation
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MISSION DRIVEN Innovation’s Triple Aim
Improve & Extend Human Life Inspire & Advance Creative Thought Create & Sustain Economic Prosperity
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Innovation-Enabled Paradigm Shifts
Traditional Relationships Obsolete Vendor-Client vs. Partner Competitor vs. Collaborator Grantor-Grantee vs. Accelerator/Investor Not-for-Profit vs. Not-for-Loss
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Innovation-Enabled Paradigm Shifts
Specific Healthcare Observations Volume-to-Value Episodic-to-Holistic Hospital-to-Home (or Mobile) Retail/Consumerism Mentality Democratized & Data-Driven
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Citizen Scientist/Data Philanthropist
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Spheres of Influence Individual & Population
Institutional/Organizational Ecosystem/Cluster
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Individual & Population
Behavioral Burden Ageing as a Disease Brain Health & Longevity Balance Elevating Human Performance
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Innovation & The Organization
High Innovation Environment Process-Oriented, Metrics-Driven Installing Innovation Architecture Innovation Culture & Maturity “The Champion & The Evangelist”
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Results of First Two Decades at CCI (1995-2015)
76 Spin-off Companies, Portfolio >$1B 2,700 Patent Applications 750 Royalty-bearing Licenses $200M State & Federal Grants $12M in Philanthropy $100M Return to Inventors 1,800 Jobs Created Approximate 3:1 ROI Built the Global Innovation Alliance 1 Best-Selling Book
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Innovation & The Ecosystem
Intergenerational Living Full Ecosystem Participation Economic Cluster Development Innovation & The Transitional Economy
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What Happened? Fundamental Failure Ideation Innovation Entrepreneurial
Validation & Piloting Translation & Distribution
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Net New Job Creation
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Tale of Two Cities: Cluster Creation
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Advanced Degrees & Per Capita Income
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Innovation Report Card: The Bad News
Awareness Gap Infrastructure Gap Capital Gap Talent Gap
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Innovation Report Card: The Good News
Recognition Reaction Resource Resolve
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How Do We Win? Success = Innovation X Collaboration
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We’re All Going to be Patients
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Double Aim
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Importance of Community
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Many Thanks
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