New York, NY—September 11, 2014
Hospital for Special Surgery (HSS), the premier hospital for orthopedics and rheumatology in the nation, launched the HSS Innovation Center, a major initiative designed to identify and support the next generation of cutting-edge medical and scientific technology that will improve clinical outcomes, enhance the patient experience and lower the cost to deliver care in a meaningful way. The Center, which brings together the people, infrastructure and finances to support the acceleration and commercialization of early stage technologies, will work to bridge the gap between applied research and product development while adhering to the high quality standards of HSS.
"There is enormous opportunity right now to develop innovative solutions in healthcare that not only result in improved outcomes, but in lower costs and more patient-centered care,” said Robert Hotchkiss, MD, orthopedic surgeon, and Hospital for Special Surgery’s first-ever Chief Innovation Officer. “With our expertise and singular focus in orthopedics and its related disciplines, we’re uniquely positioned to further develop breakthroughs in musculoskeletal medicine that can benefit patients around the world."
"Innovation is at the core of the HSS mission and by investing in new developments and discoveries we reaffirm our commitment to successful patient outcomes, research advancements and high quality specialized care,” said Louis A. Shapiro, President and CEO. “This initiative is crucially important to the future of not only our organization, but orthopedics on a global scale."
The HSS Innovation Center encompasses not only traditional biomedical science and technology products such as implants, medication and biomaterials, but also new care delivery innovations including process innovations, digital health solutions, wearable technology and telemedicine.
From the portfolio of innovations that include 12 different categories, two examples of technology that is being supported by the HSS Innovation Center include:
For investors and entrepreneurs, the HSS Innovation Center will offer opportunities to license HSS portfolio technologies, invest capital in HSS startup businesses, pilot products and services through the HSS Accelerator program and support the Center’s overall mission through corporate and philanthropic sponsorship of the fund.
For more information on The HSS Innovation Center, view the website: https://innovation.hss.edu/.
About HSS | Hospital for Special Surgery
HSS is the world’s leading academic medical center focused on musculoskeletal health. At its core is Hospital for Special Surgery, nationally ranked No. 1 in orthopedics (for the ninth consecutive year) and No. 3 in rheumatology by U.S.News & World Report (2018-2019). Founded in 1863, the Hospital has one of the lowest infection rates in the country and was the first in New York State to receive Magnet Recognition for Excellence in Nursing Service from the American Nurses Credentialing Center four consecutive times. The global standard total knee replacement was developed at HSS in 1969. An affiliate of Weill Cornell Medical College, HSS has a main campus in New York City and facilities in New Jersey, Connecticut and in the Long Island and Westchester County regions of New York State. In 2017 HSS provided care to 135,000 patients and performed more than 32,000 surgical procedures. People from all 50 U.S. states and 80 countries travelled to receive care at HSS. In addition to patient care, HSS leads the field in research, innovation and education. The HSS Research Institute comprises 20 laboratories and 300 staff members focused on leading the advancement of musculoskeletal health through prevention of degeneration, tissue repair and tissue regeneration. The HSS Global Innovation Institute was formed in 2016 to realize the potential of new drugs, therapeutics and devices. The culture of innovation is accelerating at HSS as 130 new idea submissions were made to the Global Innovation Institute in 2017 (almost 3x the submissions in 2015). The HSS Education Institute is the world’s leading provider of education on the topic on musculoskeletal health, with its online learning platform offering more than 600 courses to more than 21,000 medical professional members worldwide. Through HSS Global Ventures, the institution is collaborating with medical centers and other organizations to advance the quality and value of musculoskeletal care and to make world-class HSS care more widely accessible nationally and internationally.