Posts Tagged ‘innovate’

How Health Care Can Innovate, Create Value

January 17th, 2017

Successful organizations need to sense, respond and adapt.
Posted in H&HN on January 12, 2017 by John W. Kenagy, M.D.

Health care is an “attractive” industry. Everybody wants it. It is vital to people, families, neighborhoods, cities, states, countries and their governments. It therefore attracts an abundance of bright, motivated, caring people and some of the world’s most sophisticated technology.

Health care also attracts money. U.S. health care, in particular, has a great deal of financial resources and has attracted a continued inflow of capital. For example, U.S. health care spending was $3 trillion in 2014 and is predicted to consume 20 percent of U.S. gross domestic product in the next few years. That’s a lot of attraction.

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