The next wave of healthcare innovation: The evolution of ecosystems

McKinsey

How healthcare stakeholders can win within evolving healthcare ecosystems. Insights on Healthcare Systems & Services

Healthcare in 2020 and beyond

McKinsey

In this video, Penny Dash and Shubham Singhal, two leaders of McKinsey’s Healthcare Systems & Services Practice, reflect on how COVID-19 is transforming the healthcare industry. Insights on Healthcare Systems & ServicesA transcript of their remarks follows below.

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Making healthcare more affordable through scalable automation

McKinsey

As more healthcare companies start to implement automation technologies, the ability to coordinate across the organization in achieving scale will be a major determinant of success.

‘Making a big company feel small’: An interview with HCA Healthcare CEO Sam Hazen

McKinsey

Protecting lives and livelihoods and ensuring stability remain the two main objectives for a large healthcare provider. Insights on Healthcare Systems & Services

Women in healthcare: Moving from the front lines to the top rung

McKinsey

Our analysis shows women in healthcare have made progress and continue to report high job satisfaction. Insights on Healthcare Systems & ServicesHowever, women also encounter persistent obstacles to advancement, particularly for senior positions, where they remain underrepresented.

Women in the healthcare industry

McKinsey

To see how the healthcare sector stacks up on gender equality, we look at employee experiences, policies, and the effectiveness of industry programs intended to promote diversity and inclusion. Insights on Healthcare Systems & Services

Digitizing healthcare—opportunities for Germany

McKinsey

Society is aging and healthcare costs keep rising. Insights on Healthcare Systems & ServicesBy digitizing the system, health services can be provided at lower cost and higher quality. A new study reveals the areas for and extent of potential improvements.

Envisioning healthcare after COVID-19: An interview with Ara Darzi

McKinsey

The surgeon and former health minister discusses ways for healthcare systems, in the United Kingdom and elsewhere, to go from providing a “sickness service” to delivering a “health and well-being service.”. Insights on Healthcare Systems & Services

Transformative healthcare growth through diversification

McKinsey

Insights on Healthcare Systems & ServicesFive lessons to consider when moving beyond your core business.

Consumer decision making in healthcare: The role of information transparency

McKinsey

Insights on Healthcare Systems & ServicesWhen armed with transparent information, consumers are likely to make different decisions. These decisions include choosing a different provider, often considering reputation, quality, and costs.

Healthcare Industry — The Rise of Vertical Integration

Tom Spencer

In recent years, players in the healthcare industry have strived to create more effective systems in order to improve overall patient outcomes. Traditional ‘fee-for-service’ business models have seen America spend more on healthcare than any other nation and are no longer producing the results that patients need. This approach can promote collaboration, reduce costs, and increase focus on providing effective healthcare solutions that meet patient needs.

Healthcare Providers: Preparing for the next normal after COVID-19

McKinsey

However, most forward-looking healthcare organizations may use this time to materially scale virtual health offerings in ways that creates competitive advantage. Insights on Healthcare Systems & ServicesThe length of disruption for patients continuing physical distancing remains unclear.

Wearable Technology in Healthcare

Tom Spencer

2 As questions on how to rein in increasing healthcare costs continue to mount, and politicians focus on passing legislation and targeting the pharmaceutical industry, a possible solution may be wearable health devices. The study also anticipated that over 25 years, these devices could help decrease healthcare costs by $200 billon. Tech firms will need to make data security a top priority if they want to penetrate the healthcare market.

Healthcare consumerism today: Accelerating the consumer experience

McKinsey

McKinsey’s latest research shows that consumer engagement in healthcare continues to grow, but many payers and providers are struggling to meet changing needs and demands. Insights on Healthcare Systems & Services

Seven Healthcare Industry Trends to Watch in 2020

McKinsey

What issues will matter for the healthcare industry in the United States through the year and into the 2020s? Insights on Healthcare Systems & Services

The productivity imperative for healthcare delivery in the United States

McKinsey

Healthcare is a key component of the US economy, but healthcare spending increases consistently outstrips GDP growth. Improving productivity in healthcare delivery could change this dynamic without harming patient care. Insights on Healthcare Systems & Services

The era of exponential improvement in healthcare?

McKinsey

Insights on Healthcare Systems & ServicesTechnology-driven innovation holds the potential to improve our understanding of patients, enable the delivery of more convenient, individualized care—and create $350 billion–$410 billion in annual value by 2025.

Helping US healthcare stakeholders understand the human side of the COVID-19 crisis: McKinsey Consumer Healthcare Insights

McKinsey

Healthcare stakeholders on the front lines of the COVID-19 pandemic must understand not only the disease itself, but also consumers’ questions, concerns, and behaviors. Insights on Healthcare Systems & ServicesOur recent rapid-research effort in the US provides some early insights.

Understanding the hidden costs of COVID-19’s potential impact on US healthcare

McKinsey

Insights on Healthcare Systems & ServicesWhile the direct impact of COVID-19 has already been substantial, additional layers of delayed or indirect impact have the potential to dwarf the immediate effects. These additional layers of impact related to COVID-19 could result in $125 billion to $200 billion in incremental annual US health system cost.

To succeed in a healthcare transformation, focus on organizational health

McKinsey

In transformations, healthcare providers and payers must attend to their organizational health, not just their short-term performance. Insights on Healthcare Systems & Services

The evolution of healthcare-provider profit pools

McKinsey

Insights on Healthcare Systems & ServicesWhy nonhospital-provider segments are primed for growth—and why that matters.

From “wartime” to “peacetime”: Five stages for healthcare institutions in the battle against COVID-19

McKinsey

Healthcare has found itself tested by the pandemic. The frontlines are delivering heroically, but the next normal for healthcare will look nothing like the normal we leave behind. Insights on Healthcare Systems & Services

Transforming healthcare with AI: The impact on the workforce and organizations

McKinsey

Artificial intelligence (AI) has the potential to transform how healthcare is delivered. It can support improvements in care outcomes, patient experience and access to healthcare services. It can increase productivity and the efficiency of care delivery and allow healthcare systems to provide more and better care to more people. AI can help improve the experience of healthcare practitioners, enabling them to spend more time in direct patient care and reducing burnout.

The silent shapers of healthcare services

McKinsey

The US healthcare services industry is at a tipping point, but who—or what—is driving the undercurrents of change? Insights on Healthcare Systems & Services

Performance transformation: Opportunities for healthcare payers

McKinsey

With increasing affordability pressure, finding opportunities to continuously improve performance is critical for healthcare payers. Insights on Healthcare Systems & Services

Private equity opportunities in healthcare tech

McKinsey

Although private equity firms have been hesitant to invest in healthcare tech, they have reason to invest in promising targets now. Insights on Private Equity & Principal Investors

New models of healthcare

McKinsey

Healthcare systems are struggling to meet the evolving needs of patients. Yet there are promising emerging delivery models. Our Insights

Safeguarding the lifeblood of American healthcare: An interview with the CEO of AmerisourceBergen

McKinsey

Insights on Healthcare Systems & ServicesSteve Collis reflects on the resilience of medical supply chains, remote leadership during a crisis, and the importance of purpose as a unifying force.

For better healthcare claims management, think “digital first”

McKinsey

Insights on Healthcare Systems & ServicesAlthough end-to-end digital claims management is still a distant vision, much can be gained from digitizing portions of the claims process today.

Adapting healthcare to COVID-19: An interview with the CEO of Boston Medical Center

McKinsey

Insights on Healthcare Systems & ServicesKate Walsh shares how Boston Medical Center, New England’s largest safety-net hospital, has had to adapt to the pandemic—and why there’s no going back.

Understanding the impact of unmet social needs on consumer health and healthcare

McKinsey

Insights on Healthcare Systems & ServicesIncome, employment, education, food security, housing, transportation, safety, and social support are all factors that affect health and well-being.

‘Test and listen’: Microsoft’s Jim Weinstein on healthcare tech

McKinsey

In this podcast excerpt, Microsoft Healthcare’s head of innovation shares his thoughts on what technology can and can’t do in the healthcare space. Insights on Healthcare Systems & Services

AI in healthcare: Microsoft’s Kevin Scott on how tech can treat a pandemic

McKinsey

Machine learning to develop vaccines faster; wearable devices to detect illness sooner: the COVID-19 pandemic could spark significant innovations in healthcare technologies. Artificial Intelligence

Picking winning strategies to improve healthcare productivity: An interview with Jim Weinstein

McKinsey

Jim Weinstein, the senior vice president for Microsoft Healthcare, discusses his perspectives on how to create a sustainable health system and how technology can help healthcare stakeholders improve productivity. Insights on Healthcare Systems & Services

Blockchain in Healthcare: Possibilities and Limitations

Tom Spencer

The blockchain revolution continues…next stop: healthcare! Blockchain has shown the ability to streamline and revolutionize a number of industries and sectors and its ability to have a sizeable impact on the healthcare industry will be no different. nephrologists, surgeons, gastroenterologists), other healthcare providers (e.g. 1 As you can see, the healthcare industry is wrestling with the potential that blockchain offers. Limitations of Blockchain in Healthcare.