The Ledger

Curated content for
analytical business leaders
Back to The Ledger

Innovation in Healthcare

Creating innovation in highly regulated industries, such as the healthcare industry, is very challenging but necessary. Often times we forget that healthcare is a business, not just a service when we are sick. Even the healthcare industry relies on innovation to gain a competitive edge and thrive. The first step in bringing innovation to the table is talking to all the right people. You must talk to legal, regulatory and compliance colleagues early and convince them of the benefits before moving forward. It is easier to get buy-in when you start early and they help tweak the plan from the beginning to ensure it follows the organization’s protocol. Regulated industries need time to adapt, and they need to understand innovation, its risks and benefits.

Read More at The Harvard Business Review >