In order for providers to thrive in healthcare’s new landscape, they will have to prioritize agility and new business building, according to a new McKinsey report. This means health systems must prioritize efficiency, be quicker with their decision making, think about capital allocation differently and pursue strategic growth initiatives.
It’s not just the FDA that is making life difficult for medical device companies. Executives are having to follow sales opportunities as medical care shifts out of hospitals into homes and physician offices. They are having to revamp their entire business model to survive in the new world of the ACA. A.T. Kearney has identified the […]
Today, most healthcare organizations operate in ways that are antithetical to innovation. The trend in patient-centered healthcare is to focus on stability, predictability, standardization and the avoidance of risk. Process engineers are deployed to help hospitals and healthcare systems eliminate waste and improve their organizations using Lean and Six-Sigma principles. Few operators develop an effective […]
In this two-part blog series, I will discuss how the Internet of Things is impacting healthcare and provide best practices for data security and device management. It can be difficult to keep pace with the advances in Healthcare technology. Today, IT departments are reinventing their infrastructure to support a complex array of devices, huge volumes […]
For years the standard operating procedure for the medical device world has been: Bring good tech to patients and be rewarded by the market. Healthcare reform and particularly the consolidation of doctor practices is making this model obsolete. Now the challenge is more along the lines of “Justify your existence.” Device companies have to revamp […]
If this story didn’t have a Bloomberg byline, I would swear it was from last night’s edition of The Daily Show. Hospitals are now buying consumer purchasing data to figure out who smokes, who has a car, and who shops at Walmart or Whole Foods. The idea is to identify high-risk patients and help them […]
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
Everyone knows that Obamacare’s intention is to change the care delivery model from fee-for-service to fee-for-quality. The biggest question for me is how long it takes for this transition to take place. Hospitals are at the epicenter for care delivery in this country (whether they should or shouldn’t be is a debate for another time). […]
With all the hype about the importance of cultivating physician leadership, more organizations are engaging outside experts to help them build physician leadership development programs. Like many of the necessities brought on by health reform, this is a proposition that takes a significant investment on many levels. Building a leadership program internally is the best […]
By Robin Gelburd and John Wright As the ACA continues to drive rapid transformation throughout the healthcare industry, new decision risks are emerging for all of the stakeholders in this complex market. As industry players struggle to quantify the effects of current reforms on their business models, it is becoming evident that high-quality, unbiased claims […]
The medical device crowd is often a gloom and doom group but I think things are actually looking up for this part of the healthcare industry.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Cultural fit, bundling potential and a focus on work force optimization. If your healthcare startup meets all or even two of these criteria, you’ll have a better than average chance of attracting attention from GE Healthcare. Mike Swinford, President and CEO Global Services at GE Healthcare, explained the thinking behind three recent acquisitions as well […]
Athenahealth eventually will come out with an inpatient electronic health record, but for now, the Watertown, Mass.-based health IT vendor is content with bringing a clinical integration and communication engine into hospitals. At last month’s Healthcare Information and Management Systems Society (HIMSS) conference in Orlando, Fla., Athenahealth introduced AthenaCoordinator Enterprise, which the company described as […]
When Medtronic announced its acquisition of Cardiocom earlier this week, it was a big (and loud) move in shaping the company’s “now we’re a healthcare service provider” strategy. But Cardiocom only makes $40 to $50 million in revenue, relatively small potatoes for a titan like Medtronic. What does this announcement mean, really, then? “The importance […]
By David Blumberg and Vicki Phelan, KPMG LLP Outsourcing is certainly not a new phenomenon. However, for the $300 billion global medical device industry,it is rapidly becoming a trend with newfound appeal. In fact, the market for medical device outsourcing is estimated to climb as high as $44.7 billion (1) by 2017. And it is […]
Brazil in all accounts has been categorized as an emerging market. However, is its healthcare market ready for a sustainable information technology transformation yet? A 21st century goal of a sustainable healthcare IT infrastructure will require crucial IT infrastructural implementations before hospitals and all other stakeholders in a national wide scale can benefit from information […]
