Medigy is a leading voice of the digital health and therapeutics innovation community and originators of the Innovation Lifecycle Ontology. The Healthcare Delivery Organization (HO) Innovation Lifecycle Ontology (ILO) is an effort to create a standard framework of shared language that can be adopted by innovator practitioners to win at innovation.
Healthcare buyers and innovators have long needed a disciplined framework to describe their technology needs, define their desired outcomes from technology providers, and most importantly an evidence-driven evaluation method to select and deploy solutions. The goal of the Medigy ILO and related tools is to help drive adoption of an interoperable data infrastructure at HDOs.
The requirement for a shared language concept in the healthcare innovation space helps HDOs communicate more efficiently with innovation and spend time driving towards creative solutions for the correct problems. According to an article published on the University College London’s (UCL) website1 hospitals in the US alone spend more than two thirds of the total $1 trillion a year on innovation. Patients pick hospitals depending on the innovative strategy and innovations that doctors use.
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