PLANO, TX & NEWPORT BEACH, CA — The Innovation Institute announced that Dell Services has agreed to become the founding health care information technology partner of The Institute’s Innovation Lab in Newport Beach, CA.

The Innovation Institute corporate health-care incubator is structured to facilitate innovation among inventors, health care plan providers, medical facilities, physicians and employees across major health care organizations. Through its Innovation Lab, medical product and solution ideas are vetted and the best ones are developed further and introduced into the health care marketplace.

Dell will leverage The Innovation Institute to look at new solutions and ideas, facilitate pilot programs and gain access to clinical expertise via The Institute’s team of world-class experts. The two organizations will work together to create new use cases and solutions with the goal of improving outcomes for the health care marketplace.

Dell plans to engage with The Innovation Institute in a number of pilot programs including:

• Cloud-enabled analytics and how to turn health care data into actionable knowledge and insights for better decision-making
• Patient engagement to better connect and deepen relationships with patients; and
• Dell Internet of Things (IoT) to bring the power of analytics to the edge of the network, reducing the time and cost associated with transferring non-essential data to the cloud

“Investing in innovation enables us to build solutions that address the needs of the rapidly changing health care market. Working with The Innovation Institute gives Dell access to its members’ expertise, which will help us mature our capabilities and, ultimately, create better outcomes for our customers and the industry as a whole,” said Sid Nair, vice president and global general manager, Healthcare & Life Sciences, Dell Services.

“Dell has an impressive track record as the global leader in health care technology,” said The Innovation Institute President and CEO Joe Randolph. “When we combine our resources with Dell’s, I believe that together we’ll develop information technology breakthroughs that are needed to move care delivery forward.”

About The Innovation Institute

The Innovation Institute is an independent, for-profit LLC structured to cultivate innovative solutions to transform healthcare delivery. The Innovation Institute is owned by non-profit health systems. This collaborative taps into physicians, employees and industry business partners to incubate and commercialize new medical products and ideas. Comprised of three distinct elements — an innovation lab, an investment fund, and a shared services group (Enterprise Development Group) — The Institute strives to “do more, with less, for more people.”