This module explores the fundamental models and processes of healthcare innovation. It introduces the healthcare value chain, market segmentation, and key sources of innovation, providing a framework for understanding how innovation is managed in healthcare settings.

This module covers the structured process of healthcare product development, from ideation to commercialization, emphasizing user needs, regulatory requirements, and industrial design principles. It explores concept generation, design selection, prototyping, and testing to refine functionality and ensure compliance. Additionally, it examines modular product architecture and manufacturing considerations to enhance production efficiency.

This module covers key aspects of project management for healthcare innovations across the project life cycle. It compares traditional (Waterfall) and Agile approaches, emphasizing their advantages in managing healthcare projects. Stakeholder engagement and communication planning are highlighted to ensure alignment with user needs and regulatory requirements.

This module covers key financial tools like Net Present Value (NPV), Internal Rate of Return (IRR), and Return on Investment (ROI) to evaluate the feasibility of healthcare innovations. It also introduces demand forecasting techniques, such as the Bass Diffusion Model, and explores risk management approaches like sensitivity analysis and scenario planning to assess financial uncertainties.