Bridging the Valley of Death in the Health Innovation Ecosystem
Bridging the Valley of Death in the Health Innovation Ecosystem
A recent Health Community of Interest (COI) meeting brought together people from manycorners of the ecosystem to share thoughts on moving from R&D to implementation andproduction. This fatal gap from inception to fruition is often described as the “Valley ofDeath.” The COVID-19 pandemic created an urgency to bridge this gap, but the questionremained, could accelerated innovation implementation be institutionalized to occur in
times of normalcy?
Nearly four-fifths of executives at healthcare providers and payers say their information technology has been compromised by cyber-attacks. Since many organizations achieved their interconnectivity by evolution, resulting in inadequate controls, investment in cybersecurity needs to become part of a cohesive, coordinated digital strategy. Effective, low-cost mechanisms are already in place to shield against many elements of the cyber threat. However, far too often executive leaders wait until they are compromised to test their response plans or do not fully embrace cyber as a business risk.