An Increasingly Demanding Industry
The health share of GDP is currently expected to continue its historical upward trend, reaching approximately 20% of GDP by 2017. As the demand for healthcare increases, costs increase at an even faster rate. People are living longer. Yet, affordable healthcare delivery is becoming more and more difficult. This has put an enormous strain on public health care systems and medical insurance companies. Health care systems differ between countries, but one simple rule applies across borders: only well-thought out strategies, proven methodologies, and technologies will ensure sustainability and profitability.
Most recently, 34% of U.S. patients received wrong medication, improper treatment or incorrect or delayed test results during the last two years, the Commonwealth Fund found. This is in accordance to studies which report that medical errors in U.S. hospitals cost billions of dollars and were responsible for thousands of lives year on year. In Europe state funded healthcare makes up for 90% of health costs. As taxpayers are asked to contribute more each year to support the pressures of growing populations and high unemployment, the need for drastic reform becomes greater. Performance suffers as staff are put under increasing pressures, swamped by rising patient numbers and lack of resources.
The Need for Healthcare Reform
The ongoing health care reform debate that has taken place over the past year could potentially result in an overhaul of the nation’s healthcare system. Cost and quality are both factors affected directly by operational effectiveness. Managing the gap between medical costs and funding is becoming increasingly difficult when faced with budget cuts and increasing operational demands. Payers, providers, and pharmaceutical companies, amongst other stakeholders face numerous challenges in meeting the requirements of global and local health care systems. Medical care needs to be delivered in the most cost-effective manner whilst simultaneously improving the quality of care.
Our Healthcare Industry Expertise
Along the entire healthcare value chain, The Leading Niche™ helps with the delivery and reform of our clients’ services. We provide consultancy across the following disciplines:
- Manufacturing and Supply Chain Optimization
- Drug Development and Licensing
- Commercial Strategy
- Operational Effectiveness
- Outsourcing and Shared Services
- Compliance Sourcing
- Mergers and Acquisitions
- Loyalty Management
- Business Development
- Sales, Marketing and Pricing Effectiveness
The Leading Niche™ has worked with healthcare organizations around the globe. Our healthcare practice truly understands the healthcare value chain. Our clients include payers, providers, pharmaceutical companies, pharmacy benefit managers (PBMs), and group purchasing organizations (GPOs). We have the experience necessary to manage the dynamic healthcare landscape. Please complete our contact form to find out more about our healthcare industry consultancy.