Newport Beach, California-based Innovation Lab, the incubator collaboratively owned by 6 nonprofit health systems, has actually partnered with health innovation company Olive to co-develop automation options for suppliers.
Part of the Innovation Institute, the laboratory works with its health system owners to determine unmet needs, create medical products around those and bring them to market, stated Ryan Kelly, Innovation Labs basic manager, in a phone interview. The institute is a for-profit entity owned by:

Revealed Tuesday, the collaboration between Innovation Lab and Cleveland-based Olive will focus on artificial intelligence-driven tools that automate and drive effectiveness in operational and clinical workflows, Kelly stated. To develop these tools, the business will leverage Olives AI platform and technical expertise, as well as Innovation Labs frontline access to the above health systems executives and innovators.
” [We will] recognize places where we can bring Olives innovation to the table and co-develop a new solution on top of their platform, ultimately with the view to fix [a] problem at the health system, and [] to take that item and commercialize it broadly, leveraging Olives circulation ability,” Kelly stated.
At first, the companies will concentrate on integrating an Innovation Lab item that links clients and case managers into Olives platform. The item aims to help patients browse the journey from intense care to a post-acute care settings.
” Thats sort of the low-hanging fruit chance that were looking at, however weve also got some other truly amazing, more transformative opportunities that we are evaluating,” Kelly said.
The brand-new services that are co-developed will also become part of the Olive Helps Loop Library, which is comparable to Apples App Store however for health center and health system consumers.
” This alliance will produce a huge opportunity for healthcare leaders, designers and investors throughout multiple companies and companies to listen, develop, find out and release innovation on the Olive platform that enhances the human experience for employees and patients alike,” said Patrick Jones, executive vice president of Olive, in an e-mail.
The Innovation Institute and laboratory were developed in 2013. The laboratory serves as the special commercialization partner of the six health system owners, and because its beginning, it has effectively commercialized 20 items, ranging from digital solutions to research tools. Earnings from the sale of the items are shared with the owners, which are also typically sites for pilots or validation studies.
Now, the Innovation Lab is introducing a membership, or fee-for-service, version of its innovation services for service providers outside of the six owners.
This relocation will assist broaden the collaboration with Olive, Innovation Labs Kelly stated.
” As we grow in scale through our membership offering and bring more medical facilities and health systems into our community, it just expands the net for how and where we can source opportunity [for the products we will co-develop],” he stated.
Image: Gerasimov174, Getty Images
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Revealed Tuesday, the partnership between Innovation Lab and Cleveland-based Olive will focus on artificial intelligence-driven tools that automate and drive effectiveness in clinical and operational workflows, Kelly said. The Innovation Institute and laboratory were established in 2013. The lab acts as the unique commercialization partner of the six health system owners, and given that its creation, it has actually successfully advertised 20 items, ranging from digital services to research tools. Revenues from the sale of the items are shared with the owners, which are likewise typically sites for pilots or recognition studies.
,” he said.

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