This document discusses patient engagement and new business models in healthcare. It makes three key points: 1. Escalating healthcare costs are primarily due to poor disease management, not product costs. Patients value products but are more interested in care solutions, while payers want outcomes data. This signals a need for new business models focused on patient engagement. 2. One company, LEO Pharma, is developing a new business model centered around patient engagement. They aim to offer individualized, integrated solutions to help patients better manage their conditions. 3. LEO Pharma is launching a Master Class program to strengthen cross-organizational understanding of business model innovation in healthcare. The 4-day program will provide