Why Innovation Management Matters in Healthcare

What comes to mind when we think of healthcare innovation? For many, it can be high-tech diagnostic tools or cutting-edge pharmaceutical treatments. But occasionally, it can be as straightforward as a 3D-printed insulin pod cover. a good or enhanced method for addressing a problem. Although medical facilities like hospitals and clinics are adept at managing patient care, fostering and overseeing an innovative culture can be difficult.

Innovation management, according to Stanford University, is the process of taking creative ideas from conception to implementation, starting with "the fostering of an environment where a new idea is encouraged." Multilayered management and strict regulations are frequently deterrents in the healthcare industry.