February 10th, 2012
Perspective from Sheri McCoy About Innovation in Healthcare
Recently, Johnson & Johnson Vice Chairman Sheri McCoy shared her thoughts about the power of innovation to reduce healthcare costs and improve patient outcomes as part of the Institute of Medicine’s Learning Health System Commentary Series of the IOM Roundtable on Value & Science-Driven Health Care. Her perspective highlights an important theme for Johnson & Johnson — delivering meaningful innovations in healthcare.
Sheri’s post is focused on collaborative innovation – new ways in which different stakeholders in the healthcare system can work together to lower costs and improve patient care. “One way innovators have sought to address the paradox of innovating to improve care and manage costs is through integration of care; another is the application of evidence-based practices and metrics,” she wrote. To illustrate areas where these concepts are working well, she shares examples of industry-payer collaborations that have led to a comprehensive care program for schizophrenia patients in Germany and better patient outcomes for joint replacement patients in the United States. Key to successes like these, she stresses, is “leadership from both the private and public sectors, committed health care providers, and the right incentives,” all critical factors in realizing well-coordinated, patient-centered, continuously learning, higher-value care.
You can read the full post here: http://www.iom.edu/Global/Perspectives/2012/InnovatingToImprove.aspx