Software development will foster advances of which drive waste out of the health-care system. Computing, artificial intelligence along with big data will allow researchers to analyze massive amounts of information, generating findings of which raise overall standards of treatment along with lower costs.
The importance of partnerships
Amid our excitement about the future of medicine, however, we recognize two things: 1) Disruptive innovation in health care will emerge by our blind spots, along with 2) we must seek partners who can help us see the whole picture.
Through a history of trial along with error, we’ve discovered the importance of broadening our view. When two Mayo Clinic staff members, researcher Edward Kendall along with clinician Philip Hench, announced cortisone’s impact on arthritis in 1949, they received the Nobel Prize in Physiology or Medicine. However, Mayo couldn’t scale the innovation to reach patients around the earth. Instead, Merck did of which. Similarly, Mayo Clinic cardiovascular surgeons improved upon the heart-lung machine of which transformed the field of cardiac surgery, yet the Custom Engineering along with Development Co. of St. Louis manufactured along with sold the device so more patients could benefit by This kind of medical advance. the idea’s clear of which we need to work with partners to ensure our ideas can be scaled to benefit patients.
Knowing This kind of, we’ve restructured along with realigned Mayo Clinic to build our partnership capabilities. This kind of required entirely brand-new mindsets about strategy, transparency, innovation along with organizational structure. Our department of business development is actually today the portal into Mayo Clinic along with has the full toolbox at its disposal — start-ups, license agreements, partnerships, joint ventures, acquisitions along with venture investing. In This kind of way, we can ensure of which each viable idea is actually effectively commercialized for the benefit of patients along with the health-care system, using the best tools available.