Innovation — Lodestone Insights — Lodestone Advisory Group

Innovation in Healthcare

The healthcare industry has been inching towards structural innovation for decades, but the COVID-19 pandemic served as a major catalyst to modernize the hospital system. While this next section focuses on the proliferation of telehealth as an example, there are numerous other avenues that showcase how the healthcare industry changed throughout the course of this pandemic such as the advent of artificial intelligence and machine learning, robotics, connectivity, and preventative healthcare.

InnovationLodestone AdvisoryMarch 5, 2021Lodestone Advisory Groupinnovation, healthcare

Rural Innovation

Earlier this year, the Economic Innovation Group, a bipartisan think tank whose mission is “to advance solutions that empower entrepreneurs and investors to forge a more dynamic economy in America” released its “Distressed Communities Index” earlier this year, which sorts US communities by county and zip code based on their level of economic prosperity from 2014-2018.

Innovation

Innovation has become a critical component of every community’s economic resilience and its ability to adapt to global trends and disruptions. This same principle applies to organizations and entrepreneurs alike trying to create viable platforms. In an age where technological advancements are so rapid, this necessity is even more evident. As a reference point, computation power has grown more than 1000x each decade since the year 2000 alone, allowing scientific breakthroughs and discoveries to accelerate significantly.

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