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The Seismic Shifts of Healthcare Disruption

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The old rules no longer apply. New market forces are causing socio-economic landslides, while science and technology advances are providing unprecedented opportunity to fundamentally change the patient experience. This is no time to stand still.

Learn more about the forces changing the landscape and how Accenture is helping our clients focus on value, not volume.

To learn more visit us at accenture.com/patientinspiredoutcomesdriven

Published in: Technology
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The Seismic Shifts of Healthcare Disruption

  1. 1. THE SEISMIC SHIFTSOFHEALTHCARE DISRUPTION Making an impact on patients’ lives
  2. 2. The old rules no longer apply. New market forces are causing socio-economic landslides, while science and technology advances are providing unprecedented opportunity to fundamentally change the patient experience. This is no time to stand still. Copyright © 2018 Accenture. All rights reserved. 2 THE TECTONIC PLATES OF HEALTHCARE ARESHIFTING THEOVERVIEW
  3. 3. Copyright © 2018 Accenture. All rights reserved. 3 FUNDAMENTAL SHIFTIN BUSINESS MODELS = Socio-economic Trends + New Science Landscape + Healthcare Consumerization THREEFORCESARE CHANGINGTHELANDSCAPE
  4. 4. SOCIO-ECONOMICTRENDS *Source: US Department of Commerce; Centers for Medicare & Medicaid Services 4 THE ECONOMICS DON’T LINE UP In the US in 2017, rise in healthcare costs is outstripping rise in GDP by 55%.*
  5. 5. *Source: World Health Organization 5 THE SILVER TSUNAMI IS IMMINENT The population of people over 60 is expected to grow by 56%, from 901 million in 2015 to 1.4 billion in 2025. Chronic disease is expected to increase by 57% by 2020.* SOCIO-ECONOMICTRENDS
  6. 6. 6 PROVE IT! In 2016, value-based deals represented 38% of all publically announced outcome-based deals in US history.* Payers and governments around the world are now demanding real-world proof of patient efficacy to secure reimbursement. *Source: Accenture Strategy Research, 2017 SOCIO-ECONOMICTRENDS
  7. 7. Copyright © 2018 Accenture. All rights reserved. 7 THE RISE OF THE GENERICS In 2012, the patent cliff released huge amounts of less expensive treatment options into the market. NEWSCIENCELANDSCAPE
  8. 8. 8 BREAKTHROUGH SCIENCE IS DRIVING GROWTH More specialty drugs are entering the market. Proportion of new molecular entity approvals in specialty indications increased from 44% in 2009 to 77% in 2016.* *Source: Accenture Research based on analysis of New Molecular Entity (NME) approvals by the FDA CDER division 2009-2016, NEWSCIENCELANDSCAPE
  9. 9. Copyright © 2018 Accenture. All rights reserved. 9 THIS TIME IT’S PERSONAL Mapping the human genome enabled big breakthroughs in personalized treatments where investment and efficacy can be more certain. NEWSCIENCELANDSCAPE 9
  10. 10. Copyright © 2018 Accenture. All rights reserved. 10 WHYSHOULD HEALTHISSUES STOP MEFROM LIVINGMY LIFE? Patients now expect technology will help them live a happy, fulfilled, ‘normal’ life, despite their medical issues. HEALTHCARECONSUMERIZATION
  11. 11. TECHNOLOGYISCONVERGING AROUNDTHEPATIENT PERSONAL CONNECTED DEVICES ADVANCED ANALYTICS THE CLOUD SERIALIZATION PERSISTENT CONNECTIVITY PERVASIVE SENSORS SOCIAL ENGAGEMENT AND COMMUNITY PLATFORMS USER INTERFACE LIVING SERVICES HEALTHCARECONSUMERIZATION Copyright © 2018 Accenture. All rights reserved. 11
  12. 12. IT’S NOT LIFE SCIENCE, IT’S LIVING SCIENCE… HEALTHCARECONSUMERIZATION SIMPLE PRODUCT ENHANCED PRODUCT INTEGRATED SERVICES LIVING SERVICES Copyright © 2018 Accenture. All rights reserved. 12
  13. 13. …ANDDIGITALISTHEENABLER Copyright © 2018 Accenture. All rights reserved. 13 NEWTECH, NEWWORLD IoT, Cloud and wearables allow for real-time data and insight, as well as collaboration with partners within and outside the healthcare ecosystem.
  14. 14. Copyright © 2018 Accenture. All rights reserved. 14 DATAINTHE DRIVINGSEAT Life sciences companies need to grapple with big data sets produced by many sources including payers, health providers, devices, and a host of other third party data sources. …ANDDIGITALISTHEENABLER
  15. 15. WHENTHE GROUNDISSHAKING, WHAT’STHERIGHT PATHTOTAKE? Copyright © 2018 Accenture. All rights reserved. 15
  16. 16. FOCUSONVALUE, NOTVOLUME Do you sell products or improve patients’ lives? Copyright © 2018 Accenture. All rights reserved. 16
  17. 17. VALUE,NOTVOLUME Copyright © 2018 Accenture. All rights reserved. Digitize the core of your operations to unlock efficiency and agility. Tools such as RPA, AI and Machine Learning will allow you to operate significantly more efficiently – reducing costs and effort. Be ready to embrace new collaborative business models that challenge tradition, as well as your teams. 17 TRANSFORM THECORE
  18. 18. Copyright © 2018 Accenture. All rights reserved. 18 Embrace M&As and joint ventures with networks of start-ups to pursue new sources of innovation. Focus on targeted portfolios in order to drive acquisition of new services. Be prepared to co-invest and nurture growth within your smaller ecosystem partners. Pulling together is all in the interest of the patient. GROW THE CORE VALUE,NOTVOLUME
  19. 19. Copyright © 2018 Accenture. All rights reserved. SCALETHENEW VALUE,NOTVOLUME Construct an experiential ecosystem with the patient at the center. Use analytics, IoT, sensors and social media to surround the patient with a support network that gathers information and fuels future innovation. This forms the basis of large-scale R&D. Collaboration with non-traditional players in the market opens doors to new, highly-effective fulfillment methods. Be prepared to get paid in different ways. 19
  20. 20. Copyright © 2018 Accenture. All rights reserved. 20 PIVOTTO THEPATIENT At the right time, pivot from being a product company to a patient company. Pursue deeper patient understanding to offer them technology-enabled living services that provide ongoing support, better outcomes and proof of efficacy to drive reimbursement. VALUE,NOTVOLUME
  21. 21. RIDETHESEISMICSHIFTS ANDFLEXTOANEWERA OFHEALTHCARE Copyright © 2018 Accenture. All rights reserved. 21
  22. 22. PATIENTINSPIRED. OUTCOMES DRIVEN. Copyright © 2018 Accenture. All rights reserved. 22 Learn more at accenture.com/patientinspiredoutcomesdriven

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