Certain healthcare practices in use today have their origins in the 20th century and are based on scarcity. However in the 21st century, we can retool these with the mindset of abundance and discover new opportunities to create markets and services, according to the author of the blog post. From an abundance perspective, the opportunities are endless and by putting the patient first and thinking beyond the product perspective, organizations can revolutionize care delivery.
The blog notes that Theranos, a health technology and medical laboratory services company, uses the abundance mindset to innovate. For example, the company’s blood diagnostic technology uses only a fingerpick drop of blood at a fraction of current cost for needle draws. Elizabeth Holmes, founder and CEO of Theranos, did not want the $70 billion U.S. blood testing industry to know about the technology until she was ready to launch.
Instead of just talking about innovation, Ms. Holmes set about creating a medical breakthrough. Agile healthcare leaders will learn to see opportunity in everything and will not wait to formalize innovation in a function, according to the blog post.
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