Symposium 5: "I Have an Idea...Now What?" Mastering Pathways for Orthopaedic Innovation
Moderator: Michael Suk, MD, JD, MPH, MBA, FAOA
Topics and Panelists:
• Researcher and inventor (John Antoniou, MD PhD, Canadian Orthopaedic Association President
• Incubator (Sandra Cochrane, Assistant Dean, Innovation Center, MBA W Michigan Med)
Innovation in Care Delivery (Phillip Harker, President and CEO, Leavitt Risk Partners)
Understand key milestones in the development of new technology for orthopaedic innovation
Discuss strategies and option in moving from an idea to reality
Discuss the global impacts of “innovation” beyond medical device
The Department of Commerce Advisory Committee on Measuring Innovation in the 21st Century Economy has defined innovation as “the design, invention, development, and/or implementation of new or altered products, services, processes, systems, organizational structures, or business models for the purpose of creating new value for customers and financial returns for the firm.” Viewed comprehensively, innovation represents the implementation of new or significantly improved products, services, or processes. It can also imply new organizational models, methods of service delivery, ways of relating to customers, and approaches to marketing. It is well recognized that there is a real need for innovation in health care delivery, as well as in medicine, to address related challenges of access, quality, and affordability through new and creative approaches.
Health care environments must foster innovation, not just allowing it but actively encouraging it to happen anywhere and at every level in health care and medicine-from the laboratory, to the operating room, bedside, and clinics. This symposium will enable mastery of the foundational components of medical innovation as it pertains to the scope of orthopaedic practice.