Abstract

Innovations in healthcare products, assessment procedures, diagnoses, treatments, and delivery of care have been significantly developed in recent decades. Such innovations increase patient quality of life and life expectancy and enhance the delivery of high quality and safe care for all patients. The development of innovations in healthcare also increases efficiency, effectiveness, accessibility and reduces medical errors and costs. The growing emphasis on the importance of innovation and entrepreneurship to healthcare should encourage leaders in healthcare organizations to support and facilitate more innovative ways to generate greater patient value into the future. Innovation and entrepreneurship in healthcare needs to have a future oriented mindset that understands ‘one size does not fit all’ and a more personalized approach through effective interaction between healthcare professionals, stakeholders and other key experts internally and externally to develop future innovations that will further enhance healthcare and lead the world to better health.

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