Mike Mosquito — Escaping Innovation Theatre: Real Strategies for Transforming Healthcare

On this episode of Healthcare Market Matrix, host John Farkas is joined by Mike Mosquito, an advisory board member at Ratio and a pioneering leader in healthcare innovation and technology development. Mike shares his extensive experience with companies like McKesson and Allscripts and his role in leading innovation centers. He discusses how this background equips him to develop maturity models that enhance patient outcomes through technology. He emphasizes that healthcare technology companies must understand the specific problems they aim to solve, rather than just promoting their technologies’ features.

Mike also delves into the critical importance of technical and cyber infrastructure in successfully implementing new technologies within health systems. He highlights the necessity of robust governance models tailored for healthcare, addressing connectivity issues, especially in rural areas, to ensure effective technology deployment.

Throughout the conversation, John and Mike explore the governance, readiness, and affordability considerations that health systems must take into account when adopting new innovations. They stress the importance of healthcare providers flawlessly executing proof of concepts to become preferred vendors, cautioning against "innovation theater" that can erode trust and resources. John and Mike also discuss the evolving responsibilities and strategic importance of Chief Innovation Officers (CIOs), highlighting the long decision-making processes and integration challenges posed by regulatory compliance and budget constraints.

Show Notes

(1:05) Introducing Mike Mosquito

(6:48) Analyzing Innovative Solutions for Change Implementation

(11:48) How to Approach Conversations about Change

(16:26) Qualities of an Innovation Organization

(22:37) Strategies for Catching a Health Tech CIO’s Attention

(25:43) Meeting Consumer Mandates of Healthcare Technology

(35:31) Exploring the Need to Be Flawless

(38:21) Cautions Surrounding the Idea of Innovation Theaters

(41:52) Addressing the Failure of Delivering Solutions

(50:02) Advice for Venturing into the Innovation Ecosystem

(52:33) Closing Question