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.

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

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Transformative healthcare growth through diversification

McKinsey

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

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.”

Promoting an overdue digital transformation in healthcare

McKinsey

Research from over 30 countries offers insight into providing digital healthcare, including practical steps for key stakeholders. Insights on Healthcare Systems & Services

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.

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

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.

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

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

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.

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. 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.

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.

The evolution of healthcare-provider profit pools

McKinsey

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

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

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

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

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

‘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

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?

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

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.

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

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.

Fit for the future: The common challenges facing healthcare systems—and how to meet them

McKinsey

Insights on Healthcare Systems & ServicesAcross the developed world, health systems must adapt to aging populations, changing patient needs, and advances in technology that could both reduce costs and revolutionize clinical care.

System 106

Redefining what’s possible in healthcare: An interview with John E. Gallina

McKinsey

Gallina, EVP and CFO at Anthem shares his perspective on the changing healthcare landscape and opportunities to reduce cost, reinvent care delivery, personalize the consumer experience, and engage with partners to create change. Insights on Healthcare Systems & ServicesJohn E.

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?

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.

How healthcare investing efforts can drive innovation: a conversation with Matt Holt, President, Private Equity, New Mountain Capital

McKinsey

Collaboration, automation, and innovation may hold the keys to the future of healthcare investing. Matt Holt, managing director and president of private equity at New Mountain Capital leads healthcare investing for the firm and shares his views.

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.

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.

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.

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

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.

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.