The criticality of innovation concerns us all. From businesses to personal health, consistent innovation is a must. People diagnosed with certain serious medical maladies today are lucky that they weren’t diagnosed 5, 10, or 20 years ago. Why? Innovation.
Constant innovation in medicine promotes better patient outcomes than were possible 5, 10, or 20 years ago.
Constant innovation means:
- Not settling for treatments that have a certain efficacy today.
- Reducing the cost and healing time associated with treatments.
It’s also important to consider that some patient outcomes can be positively influenced by treatments outside what is often referred to as “Western Medicine.” These treatments are commonly referred to as “alternative medicine.”
Every new course of treatment is really an alternative if you think about it. It typically takes a while for traditional medicine to adopt new and proven treatments as accepted protocol. It takes even longer for insurance companies to cover those new treatments. The criticality of innovation isn’t a priority to them, but it is to the patient.
Is your company slow to drive and adapt to critical innovation to improve customer outcomes? Or, are you focused on preserving the status quo while a more agile competitor catches you flat-footed and takes your market share?
Thought for the week: