Earlier this fall, New Hampshire’s Experimental Program to Stimulate Competitive Research (NH EPSCoR) program released the University Research and Industry Plan for New Hampshire, a comprehensive strategy and roadmap designed to spur innovation-led industry development in New Hampshire.
According to a 2013 report from the National Research Council, “the capability to innovate is fast becoming the most important determinant of economic growth and a nation’s ability to compete and prosper in the 21st century.” Hence the genesis of the strategic planning assessment, which identified innovation clusters driving development in New Hampshire, key strengths and areas where the state lags behind.
Positives and Negatives
Consider the following positive results of the assessment:
- 20 percent higher level of university research than the nation, adjusted for size of economy
- More than 200 percent higher level of patent activity than the nation, adjusted for size of economy
- Three percent higher in share of advanced industry employment than the nation
Now consider a number of strategic areas where gaps and lagging performance will hold the state back:
- Lagging growth in research and development for industry and New Hampshire universities
- Untapped opportunities for industry-university collaborations that could bolster New Hampshire’s innovation-led industry development
- Shortfalls in the level of entrepreneurial activity needed to drive future growth
- Challenges in keeping up with the demand for skilled talent and in attracting and retaining skilled talent
A Path Forward
At Geneia, we couldn’t agree more with the report’s finding that more needs to be done to attract and retain highly skilled talent. As a healthcare technology, analytics and clinical services company with primary locations in Harrisburg, PA and Manchester, NH, Geneia has a vested interest in a thriving innovation economy with policies in place and a broad talent pool that can support long-term business growth.
That’s why we’re ready to help Governor-elect Sununu, state lawmakers and others understand the importance of the new health economy to the Granite State’s continued economic growth. We need bright, talented, energetic women and men with skills in areas such as data analytics, programming, software engineering, web development, data architecture and more.
Our products and services support organizations adapting to the new health economy, and evolving to new models of care delivery and payment, where health outcomes, not service volume, determine reimbursement and incentives are aligned around the principles of the Triple Aim – high quality, lower cost and increased patient satisfaction. This new population health construct, however, requires data – from many sources and in many formats – and the ability to analyze the data, predict outcomes and develop care plans around these insights. Our flagship product, the Theon® advanced analytics and insights platform, does this, helping organizations accomplish their population health objectives and exceed benchmarks for cost and quality.
In fact, we’re currently recruiting for a senior product specialist and principal product specialist to join our New Hampshire team. These positions require technical knowledge and product management experience, as well as healthcare expertise and business acumen.
Access to highly specialized talent is one of the primary reasons we opened an office in Manchester. We believed it made good business sense to expand here, following an objective analysis of key factors such as taxes, economic indicators, health metrics, commute, crime, workforce education, quality of life and more. While we look for a technically experienced and sophisticated workforce, we also strive for a culture of health and work/life balance for our employees. All of these factors impact the health and well-being of our employees, which by extension impact the quality and availability of the state’s labor pool.
We hope the incoming administration recognizes the important role access to top talent plays in advancing New Hampshire’s innovation economy and is willing to work collaboratively with the university system, business and industry throughout the state to implement the recommendations in the report and ensure New Hampshire’s top companies can remain and thrive in the state.
You can read more details about the New Hampshire University Research and Industry Plan here.