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Article: Innovating for the future.(Innovation)(Author abstract)
- Article from:
- Physician Executive
- Article date:
- May 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 American College of Physician Executives. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nearly every health care organization believes it innovates. Few, however, have the infrastructure for highly developed innovation.
It is unusual, for example, to see a specific budget for innovation or to find a strategy for nurturing innovators in the strategic plan. Look at the compensation system and there will likely be no reward for innovation. Attend a board meeting and there will certainly be metrics around financial performance and clinical quality. But where are our metrics for innovation? Although innovation occurs, it is informal and implicit.
Even the word innovation causes confusion. Although innovation is related to performance ...