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The Siren Call for Business Model Innovation in Healthcare
1Neil Seeman, is the publisher at Sutherland House Experts and a senior fellow in the Institute of Healthcare Policy, Management and Evaluation and in Massey College at the University of Toronto in Toronto, ON. He is a Fields Institute fellow and senior academic advisor to the Investigative Journalism Bureau and Health Informatics, Visualization and Equity (HIVE) Lab at the Dalla Lana School of Public Health at the University of Toronto.
Abstract:
This essay explores the necessity and return on investment for business model innovation in Canada's healthcare system, questioning the traditional approach of rapid product development. It highlights the pressing need for innovative solutions to address the challenges posed by an aging population, with one-third of Canadians over 65 years of age managing multiple chronic conditions (Statistics Canada 2024). The discussion aims to redefine healthcare innovation strategies to enhance healthcare delivery and sustainability.
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