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HOUSTON, TEXAS (November17,
When Avery Cloud became vice president of innovation for the Texas division of CHI St. Luke’s Health System in January 2016, he knew it would be a big job. Ahead of him was a rapidly-changing health care industry that was also becoming increasingly competitive. “When these dynamics take over, the key to survival is innovation,” Cloud said. “Steve Jobs used to say that ‘innovation separates leaders from followers,’ and that is a very sobering thought.” That is why Memorial Hermann Health System is looking to form its own innovation institute, said David Bradshaw, chief strategy officer at Memorial Hermann Health System. The organization recently partnered with a health care venture firm on a program that invested in technology companies, and is now getting returns from two of the four companies, Bradshaw said.