disruptive versus incremental innovation in healthcare … twitter/medicalfutures andy goldberg md...

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Disruptive versus incremental innovation in healthcaretwitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National Orthopaedic Hospital NHS Trust Deputy Director R&D UCL Institute of Orthopaedics & Musculoskeletal Science

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Page 1: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Disruptive versus incremental innovation in healthcare…

twitter/medicalfutures

Andy Goldberg MD FRCS(Tr&Orth)Consultant Orthopaedic Surgeon

Royal National Orthopaedic Hospital NHS Trust

Deputy Director R&DUCL Institute of Orthopaedics & Musculoskeletal Science

Page 2: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National
Page 3: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National
Page 4: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 5: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National
Page 6: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National
Page 7: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 8: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 9: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 10: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 11: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

?Better?

Page 12: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 13: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Market cap $340BnLargest company in the world

T/o - $65Bn, $14Bn Profits Making it 111th company in size

Page 14: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Market cap $340BnLargest company in the world

T/o - $65Bn, $14Bn Profits Making it 111th company in size

T/o $350Bn with $30Bn Profits

Page 15: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Disruptive Technology

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 16: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 17: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 18: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 19: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 20: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 21: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Everett Rogers, Professor of Rural Sociology, Iowa (Rogers, Everett M. (1962) Diffusion of Innovations)

Adoption of Innovation

Page 22: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Everett Rogers, Professor of Rural Sociology, Iowa (Rogers, Everett M. (1962) Diffusion of Innovations)

Adoption of Innovation

Page 23: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Everett Rogers, Professor of Rural Sociology, Iowa (Rogers, Everett M. (1962) Diffusion of Innovations)

JVC VHS

Sony’s BetaCam

Adoption of Innovation

Page 24: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Adopter’s willingness to

participate

AwarenessInterestEvaluation (evidence base)Tendency to risk

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 25: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Adopter’s willingness to

participate

AwarenessInterestEvaluation (evidence base)Tendency to risk

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 26: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Uncemented Hips

MeyerBurutaranL.S Barouk

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 27: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Uncemented Hips

Page 28: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Uncemented Hips

Page 29: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Uncemented Hips

Page 30: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Stepwise Introduction

of Technology*Preclinical TestingFirst In ManClinical TrialsPost Market Surveillance

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

* Malchau 1995 (modified)

Page 31: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Stepwise Introduction

of Technology*Preclinical TestingFirst In ManClinical TrialsPost Market Surveillance

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

* Malchau 1995 (modified)

– FDA & MHRA

Page 32: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Are we joined up?

FDA/MHRAClinical GroupsNICEInsurers/CommissionersIndustry

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

* Malchau 1995 (modified)

Page 33: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

New Proposal

Industry has commercial pressuresNHS funds research (circa £1Bn)Quid Pro Quo

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

* Malchau 1995 (modified)

Page 34: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

New ProposalNew Technology Panel (composed of stakeholders (ie regulators, clinicians, commissioners, industry and patients)

Identify what evidence could be developed at the outset

Joint funding of research (NHS & Industry)

Limited marketing authorisation granted to industry (to trial centres who pay for product)

Full marketing authorisation granted after agreed time period

Andy Goldberg MD FRCS(Tr&Orth)www.medicalfutures.co.uk

Page 35: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National
Page 36: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National
Page 37: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National
Page 38: Disruptive versus incremental innovation in healthcare … twitter/medicalfutures Andy Goldberg MD FRCS(Tr&Orth) Consultant Orthopaedic Surgeon Royal National

Q&A Session

[email protected]