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. This approach can promote collaboration, reduce costs, and increase focus on providing effective healthcare solutions that meet patient needs.

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. Wearable Devices in the Healthcare Industry.”

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.

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

Natural language processing in healthcare

McKinsey

Artificial intelligence (AI) is increasingly being adopted across the healthcare industry, and some of the most exciting AI applications leverage natural language processing (NLP). In this infographic, we describe a few promising NLP use cases for healthcare payers and providers. 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.

Healthcare Paradigm Shift: Emphasis on Outpatient Care

Tom Spencer

2 Healthcare consumerism continues to increase as patients are bearing more of the burden of their healthcare costs especially with more and more individuals choosing to enroll in high deductible health plans. Modern Healthcare , 27 Jan. Healthcare outpatient services

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

Healthcare Branding: The Need for a Strong & Unique Brand

Tom Spencer

In contrast, the modern day healthcare marketplace is much more competitive. So, with that being said, what are hospitals, health systems, and healthcare companies doing to build a strong brand and develop a clear and distinct position in the market?

Role of Big Data in Healthcare

Tom Spencer

The healthcare industry generates a large amount of data. healthcare system held over 150 exabytes of data back in 2012, and will soon reach a yottabyte (10 24 gigabytes). The amount of data associated with a patient’s healthcare is not only overwhelming, but also diverse.

Future of Healthcare: Virtual and Augmented Reality

Tom Spencer

Currently engineers, physicians, other healthcare providers, and educators are working to create innovative ways to apply these immersive technologies in order to transform clinical teaching and practice. The main focus of any change to healthcare is to improve patient outcomes.

Impact of Low Health Literacy on the Healthcare Industry

Tom Spencer

As the American health system continues to find ways to improve care and do so at a lower cost, one of the most costly aspects for the healthcare industry is high administrative costs due to low healthcare literacy. So, who is truly responsible for low levels of healthcare literacy?

From Wearables To Telemedicine To Direct-To-Consumer Prescriptions, Here’s How Healthcare Is Becoming Consumer-Centric

SkillQuo

High deductible plans and new technologies are turning patients into savvy healthcare consumers, with higher expectations around service and experience. In healthcare, that change has come more slowly. Trends enabling the consumerization of healthcare. BIG TECH IN HEALTHCARE.

How a healthcare company is pursuing agile transformation

McKinsey

Roche’s head of talent innovation discusses her company’s global leadership initiative. Insights on Organization

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What Does Blockchain Mean For HealthCare?

Tom Spencer

There are many people who cringe when they think about what is going to happen to healthcare under a Trump administration. Healthcare is a subject which has wormed its way into everyday conversation since Ronald Reagan was in office. Blockchain could help to reduce healthcare costs.

Healthcare consumerism 2018: An update on the journey

McKinsey

McKinsey’s latest healthcare consumer research suggests that consumer engagement can improve care access, quality, and affordability. Insights on Healthcare Systems & ServicesBut to be successful, it requires true collaboration.

Artificial Intelligence: It’s Current and Future Role in Healthcare (Part 1 of 2)

Tom Spencer

This two part blog series will delve into arguably the two most important vowels in healthcare: A-I. In healthcare, most of the computer generated solutions rely on expert knowledge and hard-coded algorithms rather than true computer based intelligence.

Improving Healthcare Affordability in a Volatile Time

Strategy+Business

healthcare system to pursue value-based care Legislation passed in 2015 is providing powerful incentives for the U.S.

Artificial Intelligence: It’s Current and Future Role in Healthcare (Part 2 of 2)

Tom Spencer

This week, in the second installment of this two-part series, we will consider the potential future role of artificial intelligence (AI) in healthcare. A number of national and international conferences have hosted speakers and workshops on AI’s future role in healthcare.

Using machine learning to unlock value across the healthcare value chain

McKinsey

Machine learning is transforming the healthcare industry by changing the way care is delivered, and its impact is poised to increase. Insights on Healthcare Systems & Services

Finding untapped potential in European healthcare service providers

McKinsey

European healthcare service providers are complex and fragmented, but with niche market knowledge and a creative approach, investors can create substantial value. Insights on Private Equity & Principal Investors

Alexa, What's Going on with Healthcare?

Strategy+Business

As large companies join forces to tackle healthcare, they will accelerate innovation and disruption in the broader industry

Building a Resilience Advantage in Healthcare

Strategy+Business

Consolidation in the healthcare industry highlights the ways companies continue to place large bets even amid the continual disruption and uncertainty surrounding the insurance market.

How Teamwork Will Transform Healthcare

Strategy+Business

In the emerging health economy, all participants will have to learn how to collaborate more effectively -- to deliver better care, and better financial results. Developing capabilities to analyze data, strike partnerships, manage risk, and access new markets will be among the keys to success

Aetna's Frugal Healthcare Strategy

Strategy+Business

healthcare system by saving consumers money and testing innovative ideas The health insurer is leading the way for the reformation of the U.S.

How Precision Medicine Will Transform the Pharmaceutical and Healthcare Industries

Strategy+Business

And although the pharmaceutical and healthcare industries know this is the way forward, they face some significant hurdles Precision medicine combines business opportunities with clinical health benefits.

Navigating the Choppy Waters of Healthcare Reform

Strategy+Business

Even though Congress's effort to partially repeal and replace the Affordable Care Act (ACA) failed, it is likely that reforms and changes in the regulatory and competitive environment will continue to disrupt established business models.

How to tame rising US healthcare costs

McKinsey

Improving the sector’s productivity and market functioning could potentially lower healthcare-cost inflation to the rate of GDP growth. Our Insights

Four keys to successful digital transformations in healthcare

McKinsey

By taking a comprehensive approach to digitization, healthcare companies can deliver products and services more quickly, boost innovation in the industry, and hold down costs. Our Insights

The M&A Activity Transforming Healthcare

Strategy+Business

A rapid and far-reaching transformation of the US$450 billion pharmacy benefits manager (PBM) market, which touches virtually every healthcare consumer, is unfolding in front of our eyes. Two major factors are spurring this change: a spate of far-reaching deals between insurers, retail drugstore chains, and PBMs; and regulatory uncertainty.

Experienced Hire from Harvard breaks in to Healthcare Consulting (Part 1)

Management Consulted

How did Charlie, a recent Harvard undergrad, navigate through the process of getting accepted to medical school and working for a biotech firm on the West Coast to finally finding his true passion in healthcare consulting (and landing an offer at Putnam)? Interestingly enough, I applied for their Dallas office, which was more for a general consulting route, and less so focused on healthcare and the life sciences. healthcare consulting

Job Hub: CHG Healthcare Services Jobs and Culture

Management Consulted

Today we highlight tremendous business analyst and post-consulting leadership jobs at CHG Healthcare Services. CHG Healthcare Services is a Utah-based company that has been ranked as high as 3rd in Fortune Magazine’s Top 100 Companies to Work For. Ranked 18th in Fortune Magazine’s 100 Best Companies to Work For (2016), what puts CGH Healthcare so ahead of the game? The work of CHG involves staffing healthcare service organizations in all 50 states.

Experienced Hire from Harvard breaks in to Healthcare Consulting (Part 2)

Management Consulted

Today, we continue Part 2 (see Part 1 here ) of our interview with Charlie, an experienced Harvard grad who took an unusual path into healthcare consulting, yet leveraged his experience and hard prep work into an offer at Putnam. Some things that I look for include how best I can understand if I like a Clarion Healthcare Consulting, versus an Artisan Healthcare Consulting – what might be the differences between firms. healthcare consulting

Planning for the future of healthcare—Benjamin Breier, President and CEO, Kindred Healthcare

McKinsey

Benjamin Breier, President and CEO, Kindred Healthcare shares his perspective on major trends in US healthcare and the value of an integrated approach with Shubham Singhal, Senior Partner, McKinsey and Company. Our Insights

How tech-enabled consumers are reordering the healthcare landscape

McKinsey

Healthcare companies are developing new digital technologies to give consumers more control over the care they receive. That could upend the industry’s move toward greater consolidation and scale. Our Insights

Planning for the future of healthcare—Penny Wheeler, President and CEO, Allina Health

McKinsey

Insights on Healthcare Systems & ServicesPenny Wheeler, President and CEO, Allina Health shares her perspective on the importance of partnerships in increasing value and understanding the consumer with Jenny Cordina, Partner, McKinsey and Company in an interview conducted in June 2017.

The next act in healthcare private equity

McKinsey

Corporate divestitures can help private investors keep the good times rolling. Our Insights

How health apps are promising to reshape healthcare

McKinsey

Two executives from a digital diabetes-management start-up discuss the importance of a patient focus and ways innovation is shaping the industry. Our Insights

Using data and technology to improve healthcare ecosystems

McKinsey

A Verily Life Sciences executive explains how the company targets better patient outcomes by harnessing analytics, machine learning, and other digital tools. Our Insights

Three Keys for Leaders Who Want to Solve Healthcare

Strategy+Business

The Amazon, Berkshire Hathaway, and JPMorgan Chase announcement shows that new action is possible