• Developing a future platform for growth based on IT
Under Paul Thompson’s leadership, Medtronic began work about a year ago on an ongoing project called “the hospital of the future.” This prototype hospital space melds Medtronic’s medical devices with information technology in order to test new devices, applications, and services during the development process. Utilizing everything from high-definition videoconferencing to RFID tags to ensure doctors implant the right devices, this prototype is changing the way Medtronic works with customers and IT firms.
Medtronic has filed patents based on “hospital of the future” solutions, with plans to move forward with additional patent applications. “Building it out really had some great benefits,” Thompson says. “Not only on the internal sales—how do you get people excited about it? But also, because to build it, you get other innovations. Because we had to solve things we never had to solve before.” These new ideas could be the basis of new Medtronic products—and new types of products, in addition to the innovative devices it’s known for throughout the world.