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The Innovation Arena: A Method for Comparing Innovative Problem-Solving Across Groups
Published on: May 13, 2022
6.4K
An Academic Medical Center-Based Incubator to Promote Clinical Innovation and Financial Value.
Joint Commission Journal on Quality and Patient Safety
|January 23, 2019
Summary
The Brigham Care Redesign Incubator and Startup Program (BCRISP) supported 283 innovations, piloting 25 projects that reduced medical expenses by $1.8 million and increased net revenue by $7.1 million. This flexible model fosters innovation for financial and clinical success.
Area of Science:
- Healthcare innovation
- Care redesign strategies
- Health services research
Background:
- Healthcare organizations face financial pressures, evolving payment models, and clinician burnout.
- Strategic support for innovation is crucial for financial and clinical success in healthcare.
- Need for adaptable structures to foster and scale innovative care solutions.
Purpose of the Study:
- To develop and evaluate a flexible model for testing, evaluating, and scaling innovative care redesign proposals.
- To assess the impact of the Brigham Care Redesign Incubator and Startup Program (BCRISP) on financial and clinical outcomes.
- To understand how an innovation program can adapt to changing healthcare economic and political climates.
Main Methods:
- Development of the Brigham Care Redesign Incubator and Startup Program (BCRISP).
- Analysis of programmatic and financial data from the program.
- Exploration of individual project outcomes within the incubator.
Main Results:
- Over 5 years, 283 innovations were evaluated, and 25 projects were piloted.
- The program generated $1.8 million in medical expense reduction and $7.1 million in increased net revenue.
- Programmatic focus shifted from population health to align with evolving reimbursement models.
Conclusions:
- BCRISP empowered frontline clinicians to develop and pilot solutions, yielding financial returns and improved care delivery.
- The program's adaptable structure supports strategic investment in healthcare innovation.
- The BCRISP model offers a flexible and powerful approach applicable to various healthcare organizations.
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