Bringing value through collaboration
The business of health care is so complex that we must look inside and outside for new solutions and new value. The Business Innovation Lab, an essential element of the MedStar Institute for Innovation operating framework, drives transformative partnerships that shape the future of health care. By fostering novel collaborations, we scale impactful solutions, accelerate commercialization, and bring healthcare advancements to those who need them most.
Featured work
Business innovation and commercialization services
We partner with innovators, entrepreneurs, and industry leaders to transform healthcare advancements into market-ready solutions. Our expertise spans:
Opportunity identification and strategic alignment
- Identify innovation opportunities within MedStar Health and define strategic value in collaboration with internal teams and external partners
Market landscape and due diligence
- Identify the most effective, scalable, and compliant technologies that align with MedStar Health’s clinical and operational priorities
- Vet potential partnerships, investment opportunities, and commercialization pathways
Intellectual property (IP) and licensing
- Evaluate IP for commercial viability and protection
- Facilitate licensing agreements and deal structuring
Business case and go-to-market strategy
- Develop robust business cases and financial models for emerging healthcare technologies
- Connect innovators with funding and strategic investment opportunities
- Support commercialization and investment strategies by expanding successful innovations within and beyond MedStar Health
Our structured process is designed to take promising technologies from concept to adoption, guiding each one through hands-on development, real-world validation, and the strategic support needed to succeed at scale.
Strategic partnerships
The Business Innovation Lab partners with organizations dedicated to improving healthcare outcomes through technology and innovation.
Our collaborations include:
- MedStar Health leadership and research and development (R&D) initiatives: Driving research-backed innovation by aligning new technologies with MedStar Health’s clinical expertise and patient care priorities.
- Healthtech ventures and investment firms: Partnering with venture groups to fund and scale high-potential healthcare startups and organizations, ensuring promising solutions reach the market.
- Industry collaborations and innovation hubs: Working with organizations like AVIA and Abundant Venture Partners to shape the future of digital health, AI integration, and remote care solutions.
These partnerships enable the Business Innovation Lab to translate research into real-world applications, supporting the development, validation, and commercialization of healthcare innovations that drive measurable impact at scale.
Our innovation labs
Representing one of three innovation labs within the MedStar Institute for Innovation, our Business Innovation Lab works alongside our Care Innovation Lab and Information Innovation Lab. These teams establish and offer specialized expertise and services to ultimately help deliver innovation capabilities and solutions across MedStar Health.
Our team
Leadership
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Vice President, Business Innovation Lab, MedStar Institute for Innovation
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Executive Director, MedStar Health Center for Wellbeing
Medical Director, Business Innovation Lab, MedStar Institute for Innovation
Contact us
Inventor services inquiries: invent@medstar.net
Other Business Innovation Lab inquiries: MI2info@medstar.net