GENiE Generates Provocative Predictions on Innovation in Health Care

    BOSTON, MA, November 01, 2017 /24-7PressRelease/ -- On October 6-7, 2017 the GENiE Group (Global Educators Network for Health Innovation Education) held its annual conference, entitled "Educating the Global Health Care Innovator" in Boston. Well over 100 presenters and participants, included leading lights in health care and thought leaders in related educational fields, converged on Harvard Business School from across North and South America, Europe, Asia, and Africa.

The GENiE conference featured panel presentations on innovation education curricula tailored for health care stakeholder groups: providers, payors, those working in the life sciences, as well as investors and policymakers. Other panels were convened to examine the innovative content and delivery of health innovation education as well as "intrapreneurship," or innovation from within an organization.

Massachusetts Governor Charlie Baker delivered a keynote dinner address on the current state of health care, with special emphasis on the opioid crisis affecting so much of the United States.

The GENiE conference puts forward a set of predictions for the coming year and evaluates the accuracy of the previous year's prognostications. Among the 2017 forecasts:

- Innovation in life sciences and technology is very likely because it is well funded and amply taught;
- Customer-centric innovation will be key to outcomes improvement;
- Innovation is significantly slowed by health care finance and payors; and
- Regulatory reform, while strongly needed, is unlikely to happen.

There were also a number of thought-provoking statements from the participants:

"From a venture capital perspective, incubators and accelerators have largely failed. A more likely path to success is corporate-backed or independent ventures." - A noted health care venture capitalist

"10% of commercial payments will be bundled by 2018." - Thomas Hawes, MD, MBA - Managing Director of Healthcare, Sandbox Industries; BlueCross BlueShield Venture Partners

"Good management drives good care." - Raffaella Sadun, PhD, M.Sc. - Professor, Strategy Unit, Harvard Business School

"We're going to start seeing payors realizing the value of digital treatments like health & wellness." - Tal Gilbert, MPhil, CEO Vitality USA

"Regi Herzlinger's MOOC (Massive Open Online Course) Innovating in Health Care is an example for the industry, because it's among our very popular business courses with more than 50,000 registrants. We should strive to design all our teaching to be more openly available and connect learners to each other." - Heather Sternshein, PhD, Manager of Instructional Development, HarvardX, Harvard's strategic initiative for online learning

GENiE presenters, panelists, and attendees are consistently impact players and influencers in the health care industry from around the world. This year's conference was no exception, with representatives from:

- Bain & Company
- Beth Israel Deaconess Hospital
- Centers for Medicare & Medicaid Services
- Johnson & Johnson
- Massachusetts General Hospital
- Philips North America
- The World Bank
- The Cato Institute
- UnitedHealth Group
- Cancer Treatment Centers of America
- Discovery Health (South Africa)
- EIT Health (EU)
- Fortis Healthcare (India)
- Hungarian Health Ministry
- OdontoPrev (Brazil)
- Parkway Pantai (Singapore)
- TPG Growth (India)
- Albert Einstein Hospital (Brazil)
- Change Healthcare
- Evercore Partners
- Optum Ventures
- Oscar Health
- Ribera Salud (Spain)
- Sandbox Industries
- Tivity Health
- Vitality Group

The other ingredient in all GENiE conferences is the participation of the finest educational institutions worldwide that teach innovation in health care. This year welcomed participants from schools of medicine or management (or both) from across the Americas, Europe, and a smattering of similar institutions from Asia and Africa.

Africa
Institut Superieur de Management Dakar
Ghana Institute of Management and Public Administration
Strathmore Business School (Nairobi)

Asia
Goa Institute of Management
Peking University Guanghua School of Management

South America
Escola de Administracao de Empresas de Sao Paulo da Fundacao Getulio Vargas

Europe
Copenhagen Business School
IESE Business School
Imperial College
Karolinska Institute
Maastricht University
Royal Institute
Semmelweis University
Universidad Barcelona
Universite Pierre Marie Curie
University Hospital Bern

North America
Boston University
Dell Medical School
Duke University Fuqua School of Business
Florida Atlantic University
Georgetown University
Global Business School Network
Harvard Business School
Harvard School of Public Health
Healthcare Leadership Academy
University of Alabama at Birmingham
University of Toronto Rotman School of Management
Wharton School, University of Pennsylvania

Both organizers and attendees came away from the conference re-energized and newly motivated by the wealth of experience, acumen, and insights offered in the panels, the lively interchanges between the panelists and attendees, and among the panelists themselves - as well as the informal coffee-break and lunchtime networking among this community of like-minded thought leaders in industry and education.

ABOUT GENiE
The Global Educators Network for Health Innovation Education (GENiE) Group was created by Harvard Business School Prof. Regina Herzlinger to make innovation a central part of the education of future leaders in health care.

The GENiE Group represents diverse, global academic institutions, professional organizations, and health care consultancies dedicated to teaching innovation to future leaders in health care.

CONTACTS

JAMES WALLACE
Director, The GENiE Group
HARVARD | BUSINESS | SCHOOL
[email protected] | Tel 617.496.5725

FRANK MALAFRONTE
Assistant to Regina E. Herzlinger
HARVARD | BUSINESS | SCHOOL
[email protected] | Tel 617.495.6647

http://www.thegeniegroup.org

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