Healthcare innovation management course overview
This programme will be delivered in a hybrid format, in partnership with Copenhagen Business School, combining traditional in-person and virtual training.
Major forces are slowly reshaping healthcare into a truly 21st century data-driven, patient-centric paradigm. These involve a convergence of technology, organisational and policy trends. Given the mounting demands on health services from megatrends such as an ageing population and “known-unknowns” such as climate change, standing still is not an option. Around the world, health care leaders need to rethink the way services are designed and delivered. New thinking is being driven by four basic interconnected trends:
- Growing digital connectivity (e.g. remote care, wearables, internet of things)
- Revolution in data availability and data analytics
- Focus on value rather than cost (e.g. value-based healthcare, risk sharing payment models)
- “The new patient” - informed, empowered patients and co-production of innovations
While they offer huge opportunities, this landscape poses challenges to different players in the health system. Technology developers and suppliers, healthcare funders and providers, policy-makers – and us as healthcare users – need to respond. Relationships in value chains are being reshaped, new ideas about wellness are emerging. A different healthcare ecosystem is being built.
Throughout the course we examine how these forces play out at two levels:
- Coordinating innovation and change across the value chain
- Managing and strategizing around innovation
You will explore how your organisation’s position within the emerging healthcare ecosystem might evolve. What interdependencies are critical, how might the balance of power change, what are the implications of innovations and how can I manage? We focus both on short-term disruptions and longer-term evolutionary trends which impact business models.
Healthcare is a complex system with complicated value chains. To understand the changes going on in your own sector there is much to gain from identifying the innovations and restructuring going on elsewhere in the value chain or wider environment. This course helps you achieve this by bringing together participants from across the healthcare ecosystem.
In addition to the lectures and case studies, the programme includes an Executive Challenge component where participants bring their own relevant strategic entrepreneurship or operational business challenge.
Who should attend?
EHIMP attracts participants from all areas of the healthcare value chain and guides them towards greater innovative and entrepreneurial thinking to plan and deliver health services to meet emerging global needs. The programme is aimed at health leaders who can affect innovation in their workplaces, such as executives who are at or progressing towards C-suite level at a health provider, authority or insurer, or health professionals in leading roles.
The programme is also targeted at policymakers and senior leaders from health industries such as pharma, med-tech, and IT, who are influential in the sector's innovation.
Understand the emerging healthcare challenges, the complexities of health systems, how the health sector differs from other industries in relation to innovation needs and processes
Engage with and challenge participants from different business backgrounds and cultures across the health sector to gain new insight into your business or organisation
Identify opportunities for innovation and change within and across health sector organisations, including your own
Improve your innovative and entrepreneurial thinking
Introduction Module (virtual)
- Introduction to the programme, executive challenges and your learning journey
- Introduction to your peers - virtual networking
- Individual online coaching sessions
Module 1 - At Imperial College London (on-campus or virtual)
Intro to healthcare value chains and ecosystems
Finn Valentin, CBS & James Barlow, Imperial College London
Healthcare is a complex ecosystem with complicated value chains. To understand the changes going on in your own sector it is necessary to understand how innovations and restructuring that are going on elsewhere in the value chain or wider environment. In this introductory session, we outline key features of the value chain concept and implications for analysing the impact of healthcare innovation on organizations.
Megatrends and future scenarios – scene-setting, managing risks, identifying opportunities
Richard Watson, Imperial College London
Richard is a futurist in residence at Imperial College, and a speaker, author, and scenario thinker. He has worked with leading companies and organisations around the world, helping them to think further ahead, especially about emerging growth opportunities and risks. He will lead a session exploring the mega-trends and technologies of the next few decades, stimulating fascinating questions around current events and possible future trajectories within healthcare
Disruptive innovation and the tech giants
Loy Lobo, Digital Health Council, RSM
Loy is a digital health strategist, who has worked with large and small companies in the ICT sector, and has founded several start-ups. He is currently President of the Digital Health Council at the Royal Society of Medicine. Tech giants such as Google, Amazon, and Microsoft have been investing heavily in healthcare. How are these organizations disrupting incumbent healthcare organizations? What might their future role in the value chain be? Will they help to speed innovation or will concerns of governments, regulators, and the public inhibit their role?
Data analytics and healthcare
Visit Imperial College Data Science Institute
Digital innovation, including data science, is a strong theme running through all other modules in the course. In this session participants are introduced to the world of data science, machine learning and artificial intelligence. The session will be held in Imperial College’s Data Observatory, the largest of its kind in Europe. This features an enveloping circular wall providing surround vision. As well as learning some basics of AI, machine learning and their application to healthcare, we will be shown a demonstration of the use of an open-source data management and analysis system developed to support personalised medicine. We will also hear from Imperial College Health Partners about the Discover-NOW initiative, London’s Health Data Research Hub for Real World Evidence. This uses health data collected from 2.3 million people in northwest London to better design and conduct treatments and interventions in a partnership with drug and tech companies and the local health system.
Corporate venturing and intrapreneurship
Julia Prats, IESE
Julia is holder of the Bertrán Foundation Chair of Entrepreneurship at IESE Business School. Her primary area of interest is the entrepreneurial and intrapreneurial processes. She will discuss how forms can be better at identifying, evaluating and nurturing innovative ideas, and implementing the opportunities arising from them.
Digital Transformation – what does it mean for you?
Javier Zamora, IESE
Javier is a Senior Lecturer at IESE Business School, where he is Academic Director of ICT & Digital Media Industry. He will explore the world of Big Data, AI and the Internet of Things and its impact on digital transformation of organizations.
Start-ups, scaling up, innovation support network London’s health innovation ecosystem
Imperial White City Campus visit
Imperial College’s White City Campus provides dedicated facilities for collaborative research where scientists, engineers and medics from a range of backgrounds address global challenges in areas such as healthcare and energy. Participants will meet entrepreneurs and start ups at White City, along with representatives from the Scale Space accelerator, and hear about their challenges in introducing their innovations into the health system. We will also hear from Neelam Patel, CEO of London MedCity about their role as a hub within London’s health innovation ecosystem.
Executive challenge group work
Finn Valentin CBS & James Barlow, Imperial College London
Executive Challenge Group Work and Presentations (virtual)
The Executive Challenge is a structured peer-advisory approach that leverages the collective business experience of participants to provide customised recommendations and practical solutions for your strategic or personal challenge in a confidential and trust-based environment. Participants bring a challenge into the programme and the objective is to maximise the value of the activity for each individual participant by providing action-oriented and tailored recommendations, networking opportunities, and support over the course of the whole programme.
- Session 1 - 28th Sep, 2021
- Session 2 - 5th Oct, 2021
- Session 3 - 13th Oct, 2021
Module 2 - At Copenhagen Business School (on-campus or virtual)
Digital transformation of the Medtech value chain. WSA case study
Thomas Petersen, Head of Global Product Management, WSA
New digital solutions are emerging to connect suppliers of drugs and devices with patients and end-users. This “down-stream” reach often involves disruptions of the traditional value chains of health care, and they represent both opportunities challenges for its industries. This session examines value change disruption in the device industry
Entrepreneurial Innovations in the value chain of health care
Andreas Cleve, CEO, and founder of Corti
Entrepreneurial start-ups play a key role on innovating novel connectivity and data flows across the health care value chain. At the same time, these firms have challenges in finding business models and value propositions powerful enough to give them sustainable positions in a redefined value chain. This session presents two entrepreneurial firms – in AI and in patient data generation – that has overcome most of these strategic challenges.
Value based health care from the perspective of healthcare providers and tech suppliers
Carl Savage, Karolinska Institutet
Kenneth Forsstrøm, Roche
Helene Bjerregaard, The Danish Clinical Quality Program
Health care systems around the world are struggling to translate Value-Based Health Care (VBHC) into operational practice. We present an overview of the experiences with VBHC. We also review the more detailed experiences of a major hospital, and zoom in on a specific case of a VBHC collaboration between a large pharmaceutical company and a hospital in personalized treatment of cancer. Finally we focus on the use of patient reported outcome data to optimize value for orthopedic patients and to facilitate their involvement in the clinical decisions.
Putting patients at the heart of innovation
Pedro Oliveira, Professor of Strategy and Innovation, Copenhagen Business School and Nova School of Business and Economics, Lisbon
Incorporating technology and innovation into the strategy and daily operations of healthcare firms can significantly contribute to its profitability and sustainable competitive advantage. At the same time, innovation inherently involves a wide array of risks. In this session we hear about alternative innovation frameworks and tools that are essential for those actively engaged in innovation management in healthcare, emphasising the role of 'users’ in that process. Users are themselves a major source of product and service innovation and, for that reason, we explore the role of open and user innovation using examples from healthcare. We also discuss the potential of online platforms to bring users and producers together to identify and further develop health-related innovations and foster their diffusion. While it may seem unlikely that patients can introduce impactful innovations, due to complexity of the underlying mechanisms of their illness, using the case of Patient Innovation, an online platform that has collected and curated over 1600 innovations developed by patients and informal caregivers, we will shows how this happens frequently, in some cases resulting in changes to the state-of-the-art.
The myths and realities about future demand for healthcare
Rudi Westendorp, Professor of Medicine at Old Age, University of Copenhagen
Conventional wisdom has it that the “demographic” pressure on health care is inevitable. Detailed data gives room for a more nuanced understanding of the needs of the elderly, and of the types of services we should innovate to address those needs. Big data analysis of life-long health/disease patterns opens up for new insights on the antecedents of healthy aging.
Hospitals and the reorganisation of patient pathways
Carl Savage, Research group leader, lecturer, and facilitator in Medical Management, Karolinska Institutet
Hospitals around the world are looking for improvement in patient pathways. Karolinska University Hospital in recent years attempted a radical changes in the organisation of these pathways, only parts of which ended up being implemented. The Karolinska case allows us to analyse fundamental conditions for changes in pathways and for major reorganisations of hospitals more generally.
The role of insurance companies in health care innovation
Misja Mikkers, Professor Tilburg School of Economics and Management and chief economist and manager of the Economic and Medical Bureau of the Dutch Healthcare Authority
Insurance-based health care offers potentials for stimulating innovations. E.g. contractual arrangements with providers allow local conditions to be taken into account; more variability emerges across contracts, and regions, giving a broader basis for identifying best practices. This session examines insurance-based European systems, the Netherlands particularly, to discuss the realization of these potentials, and to analyse specific innovations emerging from that context.
Integrated care and Innovations in primary care
Integrated care specialist
Fragmented health systems have realized they need greater integration between primary, secondary, and social care. But integration has proved challenging because of organizational silos, vested interests, and insufficient data infrastructure. In this session, we gain insights into what makes a successful integrated care system and the role of high-quality data in supporting desired outcomes. We also explore the way innovation is reshaping notions of primary care.
Professor James Barlow is the Chair in Technology and Innovation Management (Healthcare) and Programme Co-Director for the Executive Health Innovation Management Programme at Imperial College Business School. He has spent over 20 years working on innovation in healthcare from creation to adoption. He is particularly interested in the complex relationship between innovation in health technologies, services, and infrastructure. James has led or been involved in many research projects and has extensive experience advising and consulting for government and industry. Current roles include Associate Director of Research for Imperial College Health Partners, management board member of the National Institute for Health Research Policy Innovation Research Unit, and President of the International Academy for Design and Health. James has published widely in leading journals including Organization Science, Research Policy, Health Affairs, Social Science & Medicine, California Management Review, and the Bulletin of the WHO. His latest book is Managing Innovation in Healthcare, which was published in January 2017 by World Scientific.
Finn Valentin is Professor Emeritus at Copenhagen Business School (CBS) and the Programme Co-Director for the Executive Health Innovation Management Programme. At CBS he directs the Research Centre on Biotech Business and leads a number of MSc programmes on healthcare and innovation. Finn’s research focusses on innovation in scientific organisations such as biotech and healthcare. He has publications in international journals covering the role of IPR, venture capital, academic entrepreneurship, and national and regional innovation systems.
Julia Prats is Professor and head of department of Entrepreneurship, and holder of the Bertrán Foundation Chair of Entrepreneurship at IESE. Prof. Prats’ primary area of interest is the entrepreneurial process, which includes the identification, evaluation and implementation of opportunities in any context. Central to this work is developing strategies and systems that help established firms achieve profitable growth. Her second workstream focuses on understanding the key factors in building and managing professional service firms. Over the years she has had the opportunity to develop both areas of interest through teaching, research projects and consulting work.
Professor Rudi Westendorp is an internationally renowned physician, researcher and bestselling author. Together with David van Bodegom, he wrote ‘Oud worden in de praktijk' (A Guide to Growing Older) in which they discuss how to stay healthy, even when you get older. He is a Professor of Medicine of Old Age at the Health and Medical Sciences Faculty of the University of Copenhagen.
Loy is an experienced innovator and leader in healthcare. Over the past decade, he has taken a number of healthcare innovations from concept to market. He has launched a UK social enterprise startup in wellness and was the founder of the telehealth business at BT Global Health. In his last role at BT, he was the Director of Strategy and Innovation for Global Health.
Javier Zamora is a Senior Lecturer in the Department of Information Systems at IESE Business School. He received his Ph.D in Electrical Engineering from Columbia University, and his M.Sc. in Telecommunications Engineering from the Universitat Politècnica de Catalunya. His current areas of interest are focused on Big Data, Artificial Intelligence and the Internet of Things and its impact on digital transformation.
Helene Hedensted Bjerregård
Helene is a health economics manager at Aalborg University Hospital in Denmark. Her role primarily consists of applying health economics to new projects within the quality area - to ensure that cost and quality are closely connected, and that resources are spent most effectively.
Kenneth Forsstrøm Jensen
Kenneth Forsstrøm is the Regional Market Access Manager at Roche Denmark playing a key role in Roche’s involvement in value-based health care projects in Denmark.
Pedro Oliveira is Professor MSO at Copenhagen Business School; Gulbenkian Chair Professor for the Impact Economy and Invited Full Professor at Nova School of Business and Economics. He is the founder and President of Patient Innovation (a non-profit spin-off of his research dedicated to facilitating the sharing of innovative solutions developed by patients/caregivers for themselves, via an online platform); Academic Fellow at the Cornell Institute for Healthy Futures at Cornell University; co-founder of PPL Crowdfunding; member of the Environment and Sustainability Board of Energias de Portugal – EDP and Principal Investigator of several research grants.
Neelam is MedCity's CEO, responsible for leading the team and operations, driving the strategy and relationships with key stakeholders and funders. She is also the lead for clinical trials, supporting companies seeking clinical and research expertise and collaborations. Neelam has extensive experience in Pharma, R&D, NIHR service improvement and strategy.
Richard Watson is a best-selling author, lecturer, and futurist speaker who can inspire audiences with his insightful strategies for the future. An expert at predicting future trends and looking at what customers need, Richard can help your company explore emerging growth opportunities and think through scenarios to help businesses plan effectively.
This is an amazing course that helped me understand where the healthcare industry is going, linked with digitalisation and rapid developments. But more importantly, this course gave me the essence of innovation and the innovative thinking process, where I can use it in my day to day work. Very inspirational, with great faculty!
Healthcare is developing at a rapid pace and innovation is a crucial part of that development. If you wish to get up to date with the field of health care innovation, this course is highly recommendable. The interaction with other parts of the value chain and not only health care providers like myself, is of great value.
Healthcare Innovation is a big topic which we can only tackle if we bring stakeholders from all areas together for open discussion and brainstorming. This course provides this opportunity - a mixture of lectures on the principles of innovation with many practical examples on a wide range of topics, highlighting the enormous diversity in this area. I recommend the course to anyone involved in Healthcare, looking to advance their career beyond the ordinary path.
Innovation from different angles but always with a business prospective.