Saturday Cup of Joe from Detroit. Week 295 in Detroit. Happy New Year! What is your NYE approach? Going out in a tux or gown? Staying home in sweatpants and watching Ryan Seacrest or Anderson Cooper or Miley Cyrus? Or staying home and binging Netflix? I know some SCOJ readers will be in bed before Midnight.
We’ll be in sweatpants watching When Harry Met Sally. This year is the first year our daughter (8 yrs old) will be staying up or so she claims. We’ll see.
I’ve always liked NYE. Never been one with elaborate party plans but having a houseparty or being with friends has always been a great way to celebrate. I also like, not surprisingly, the renewal aspect to a new year. Any opportunity to create space to consider or reconsider my choices & goals is useful. I think check-ins throughout the year, including New Year’s Day, are helpful to confirm we’re on track for the life we want to lead. Are you living the life you wanna live?
This week — actually available on Saturday morning — I am thinking ahead to likely topics and themes that will define our 2022. Innovation in structure as well as technology, changes in how we create more human experiences in our businesses and how we approach new “radical” mindset this year. Hopefully you find something interesting and thought-provoking about this edition.
Couple of big picture themes I’m thinking about for 2022:
Pay for Success model.
One of the things I have been thinking about for next year is where innovation fits in policy research & development (R&D). It’s difficult to try to different policy alternatives in things like housing where the infrastructure — building types — and cost can be prohibitive. One model that healthcare uses is the pay for success approach. Pay for success refers to the arrangement where traditional funder (like the government, for example) invites new investors who benefit (usually by lowering costs) for successful investments or interventions. An example would be city governments and/or hospital systems paying for a residential clinic to direct at-risk or homeless populations and alleviate the cost burden on ambulances and emergency rooms. If it normally costs a hospital $100 per visit to the ER…