Why Healthcare Organizations Invest in Dedicated Innovation

By • on August 31, 2021

The Baltimore Business Journal reported that Open innovation allows teams to narrow a problem’s scope, find potential areas of value, devise several potential solutions, and conduct rapid experiments that help identify where to place bets. Running this process from a department outside the core business helps prevent distraction or “shiny object syndrome,” ensuring the team only focuses on ideas that have shown evidence of success at scale.

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