GE Healthcare Systems is evaluating four new ultrasound products: HepEcho, Omega, TEEmax, and UltraLipo. The team recommends introducing HepEcho and Omega first. HepEcho addresses liver cancer detection needs in Japan. Omega increases prenatal care access in Indonesia by enabling midwives to detect birth defects. Both products improve healthcare quality, access, or costs by over 15% to align with GE's Healthymagination initiative. The team proposes delaying TEEmax and not introducing UltraLipo, as they do not as clearly meet Healthymagination goals. Risks include distribution challenges, competition, and buyer resistance. The team outlines execution plans focusing on targeted markets.
Going Digital: General Electric and its Digital TransformationCapgemini
How can a company that is over a century old transform itself to thrive in a digital economy?
For GE, responding to change is part of its modus operandi. This is a company that has famously made change a core capability and a constant in its history. For over 120 years, GE has ploughed forward under a banner of “Building, powering, moving and curing the world. Not just imagining. Doing.” This constant focus on innovation and transformation has made the company the only one to still remain in the Dow Jones Industrial Index since the original index was established in 1896.
GE is betting big on software and analytics to bring about its transformation, with Jeff Immelt stating: “I took over an industrial company, now it will be known as an analytics company”. GE’s focus on data analytics was clear back in 2012 when it set aside up to $1.5 billion for small take-overs to boost its presence in analytics. GE currently monitors and analyzes 50 million data elements from 10 million sensors on $1 trillion of managed assets daily to move customers toward zero unplanned downtime.
GE’s digital transformation is not the result of being in the right place at the right time. Instead, it is the result of a structured approach that involved a strong top-down digital vision, capability development, achieving all-round buy-in and a constant focus on innovation.
While many digital natives, from FaceBook to Uber, continue to take much of the limelight, this 120-year-old giant of the corporate world shows that digital agility is not just confined to the new Millennial corporates.
For the launch of the EV smartcar, Razorfish, one of the most well established agencies under the Publicis Group, came to New York University seeking for the coolest ideas the NYU Millenial Marketers could come up with. This is our proposition.
CREATE A ELECTRIC VEHICLE (EV) CHARGER WHICH ALLOWS TO COMMUNICATE AND BE PART OF SMART HOME SOLUTIONS.
Reinvent the Charge Station Market creating the new Smart Charge that presenting Assistant Support through artificial intelligence, offering some services like entertainment (Netflix, Spotify), Smart Home Integration (LG ThinQ), Delivery Service (Ifood, Amazon Go).
It is a transformative and innovative product and service platform that aims to improve the experience of electric car users, with the process of charging and managing the power of your car, whether at home or abroad.
We identified a business opportunity where today in Brazil and Latin America, it is very difficult to have and maintain an electric car, mainly for the structure of loading the cars in public or commercial roads, this fact second research of Ipsos, brings the greatest insecurity for purchase of an electric car, it is in this "pain" that we will act.
OHM Smart Chargers - 22KW
1. Unique in the world with differentiated product design
2. Unique with artificial intelligence for talking and engage the users
3. Easy to install and use
4. With internet connection
5. Possible to integrate Spotify, iFood, Netflix, LG ThinQ.
SALES THROUGH ONLINE SHOP
The sales of the chargers are in the e-commerce, value of chargers between R$ 3,775.00 to R$ 8.800,00. Best digital experience and design.
CHARGE SERVICE (PAY ENERGY)
Ohm's revenue and monetization model will be focused on two operations, the user will be willing to pay for the service and convenience of charging electric cars, in which the charge will be made directly to the user for the consumption of each minute of the electric energy through of the equipment, per-minute value will be 0.24 cents, for an average consumption of 40 minutes at 80% battery.
All payment transactions will be made by the application through the application's internal payment gateway. The price of the service and loading was defined with the price parameter of our main competitor, EDP do Brazil.
What is a Go-to-Market Strategy & How to Create OneCompellingPM
We often hear other PMs and executives say the word Go-to-Market Strategy and everyone nods their heads as if they know exactly what the other person really meant. But the reality is that within any given organization, there are as many ideas of what Go-to-Market Strategy means as there are senior level executives. And when Product Marketing is asked to develop a Go-to-Market Strategy, they are unlikely going to satisfy the expectations of all stakeholders because each one has a different expectation. In this webinar, we'll help you to create a common understanding of a Go-to-Market Strategy and what Product Marketing needs to do to effectively create one.
Key Takeaways from participating in this webinar:
- Develop a common definition for a Go-to-Market Strategy that can be shared with your organization
- Learn the seven elements that go into a complete Go-to-Market Strategy
- Understand the steps to creating your Go-to-Market Strategy
By: Fiona Fitzgerald, GE Healthcare Canada
At Sherbrooke International Life Sciences Summit - 2nd edition | September 28/29/30 2015
www.sils-sherbrooke.com
AI in Healthcare | Future of Smart Hospitals Renee Yao
In this talk, I specifically talk about how NVIDIA healthcare AI software and hardware were used to support healthcare AI startups' innovation. Three startups featured: Caption Health, Artisight, and Hyperfine. Audience: healthcare systems CXOs.
Going Digital: General Electric and its Digital TransformationCapgemini
How can a company that is over a century old transform itself to thrive in a digital economy?
For GE, responding to change is part of its modus operandi. This is a company that has famously made change a core capability and a constant in its history. For over 120 years, GE has ploughed forward under a banner of “Building, powering, moving and curing the world. Not just imagining. Doing.” This constant focus on innovation and transformation has made the company the only one to still remain in the Dow Jones Industrial Index since the original index was established in 1896.
GE is betting big on software and analytics to bring about its transformation, with Jeff Immelt stating: “I took over an industrial company, now it will be known as an analytics company”. GE’s focus on data analytics was clear back in 2012 when it set aside up to $1.5 billion for small take-overs to boost its presence in analytics. GE currently monitors and analyzes 50 million data elements from 10 million sensors on $1 trillion of managed assets daily to move customers toward zero unplanned downtime.
GE’s digital transformation is not the result of being in the right place at the right time. Instead, it is the result of a structured approach that involved a strong top-down digital vision, capability development, achieving all-round buy-in and a constant focus on innovation.
While many digital natives, from FaceBook to Uber, continue to take much of the limelight, this 120-year-old giant of the corporate world shows that digital agility is not just confined to the new Millennial corporates.
For the launch of the EV smartcar, Razorfish, one of the most well established agencies under the Publicis Group, came to New York University seeking for the coolest ideas the NYU Millenial Marketers could come up with. This is our proposition.
CREATE A ELECTRIC VEHICLE (EV) CHARGER WHICH ALLOWS TO COMMUNICATE AND BE PART OF SMART HOME SOLUTIONS.
Reinvent the Charge Station Market creating the new Smart Charge that presenting Assistant Support through artificial intelligence, offering some services like entertainment (Netflix, Spotify), Smart Home Integration (LG ThinQ), Delivery Service (Ifood, Amazon Go).
It is a transformative and innovative product and service platform that aims to improve the experience of electric car users, with the process of charging and managing the power of your car, whether at home or abroad.
We identified a business opportunity where today in Brazil and Latin America, it is very difficult to have and maintain an electric car, mainly for the structure of loading the cars in public or commercial roads, this fact second research of Ipsos, brings the greatest insecurity for purchase of an electric car, it is in this "pain" that we will act.
OHM Smart Chargers - 22KW
1. Unique in the world with differentiated product design
2. Unique with artificial intelligence for talking and engage the users
3. Easy to install and use
4. With internet connection
5. Possible to integrate Spotify, iFood, Netflix, LG ThinQ.
SALES THROUGH ONLINE SHOP
The sales of the chargers are in the e-commerce, value of chargers between R$ 3,775.00 to R$ 8.800,00. Best digital experience and design.
CHARGE SERVICE (PAY ENERGY)
Ohm's revenue and monetization model will be focused on two operations, the user will be willing to pay for the service and convenience of charging electric cars, in which the charge will be made directly to the user for the consumption of each minute of the electric energy through of the equipment, per-minute value will be 0.24 cents, for an average consumption of 40 minutes at 80% battery.
All payment transactions will be made by the application through the application's internal payment gateway. The price of the service and loading was defined with the price parameter of our main competitor, EDP do Brazil.
What is a Go-to-Market Strategy & How to Create OneCompellingPM
We often hear other PMs and executives say the word Go-to-Market Strategy and everyone nods their heads as if they know exactly what the other person really meant. But the reality is that within any given organization, there are as many ideas of what Go-to-Market Strategy means as there are senior level executives. And when Product Marketing is asked to develop a Go-to-Market Strategy, they are unlikely going to satisfy the expectations of all stakeholders because each one has a different expectation. In this webinar, we'll help you to create a common understanding of a Go-to-Market Strategy and what Product Marketing needs to do to effectively create one.
Key Takeaways from participating in this webinar:
- Develop a common definition for a Go-to-Market Strategy that can be shared with your organization
- Learn the seven elements that go into a complete Go-to-Market Strategy
- Understand the steps to creating your Go-to-Market Strategy
By: Fiona Fitzgerald, GE Healthcare Canada
At Sherbrooke International Life Sciences Summit - 2nd edition | September 28/29/30 2015
www.sils-sherbrooke.com
AI in Healthcare | Future of Smart Hospitals Renee Yao
In this talk, I specifically talk about how NVIDIA healthcare AI software and hardware were used to support healthcare AI startups' innovation. Three startups featured: Caption Health, Artisight, and Hyperfine. Audience: healthcare systems CXOs.
Artificial Intelligence in the Hospital SettingDaniel Faggella
This presentation was given at the AI Applications Summit (an event for healthcare and pharma professionals) in December 2017. The presentation itself covers to current traction of artificial intelligence in the hospital setting, as well as the unique challenges of applying AI in healthcare (including compliance, resistance from some doctors, the "black box" problem of machine learning, and more). Includes references to Machine Learning in Healthcare Executive Consensus: https://www.techemergence.com/machine-learning-in-healthcare-executive-consensus/
In August 2000, P&G introduced one of its kind product Crest Whitestrips, readily available online and through dentist offices
P&G claims that the new products are 10 times more effective than the Colgate Tartar Control Whitening Within two years P&G captured more than 80% of the share market. Colgate made a come back in August 2002 with Simply White. Colgate’s USP was that it focused on convenience and lower price. One month after introduction Simply White captures half the market with Crest Whitestrips losing 50% of its market share.
The number of startups entering the healthcare AI space has increased in recent years, with over 50 companies raising their first equity rounds since January 2015. Deals to healthcare-focused AI startups went up from less than 20 in 2012 to nearly 70 in 2016.
Presentation at On The Edge Reading, 24th September 2014.
The reinvention of Marketing with Jamie Brighton, Head of Strategic Marketing EMEA, Adobe
- How to understand, measure and optimise Big Data
- Analysing the audience: How they are using current trends in digital marketing and solutions and what you should be doing
- Comparing and Competing: How to use “Digital Index Reports” to benchmark sectors and companies for awesome results!
Havells acquisition and turnaround of Sylvania - A comprehensive analysisIshan Pratik
A comprehensive analysis of one of the most comprehensive acquisition and turnaround of marquee brand Sylvania and massive restructuring efforts that it undertook to turnaround Sylvania
Management Capstone Presentation. This slide is heavy on the animation and needs to be downloaded for the full effect. There are detailed notes on each slide. No video or audio.
Artificial Intelligence in the Hospital SettingDaniel Faggella
This presentation was given at the AI Applications Summit (an event for healthcare and pharma professionals) in December 2017. The presentation itself covers to current traction of artificial intelligence in the hospital setting, as well as the unique challenges of applying AI in healthcare (including compliance, resistance from some doctors, the "black box" problem of machine learning, and more). Includes references to Machine Learning in Healthcare Executive Consensus: https://www.techemergence.com/machine-learning-in-healthcare-executive-consensus/
In August 2000, P&G introduced one of its kind product Crest Whitestrips, readily available online and through dentist offices
P&G claims that the new products are 10 times more effective than the Colgate Tartar Control Whitening Within two years P&G captured more than 80% of the share market. Colgate made a come back in August 2002 with Simply White. Colgate’s USP was that it focused on convenience and lower price. One month after introduction Simply White captures half the market with Crest Whitestrips losing 50% of its market share.
The number of startups entering the healthcare AI space has increased in recent years, with over 50 companies raising their first equity rounds since January 2015. Deals to healthcare-focused AI startups went up from less than 20 in 2012 to nearly 70 in 2016.
Presentation at On The Edge Reading, 24th September 2014.
The reinvention of Marketing with Jamie Brighton, Head of Strategic Marketing EMEA, Adobe
- How to understand, measure and optimise Big Data
- Analysing the audience: How they are using current trends in digital marketing and solutions and what you should be doing
- Comparing and Competing: How to use “Digital Index Reports” to benchmark sectors and companies for awesome results!
Havells acquisition and turnaround of Sylvania - A comprehensive analysisIshan Pratik
A comprehensive analysis of one of the most comprehensive acquisition and turnaround of marquee brand Sylvania and massive restructuring efforts that it undertook to turnaround Sylvania
Management Capstone Presentation. This slide is heavy on the animation and needs to be downloaded for the full effect. There are detailed notes on each slide. No video or audio.
HBR's 10 must reads on innovation. How did GE overcome "innovator's dilemma" and use reversed innovation to develop disruptive products for developing countries, and then bring it back to developed markets successfully.
General Electric - Strategic Audit AssignmentTim Enalls
This is my Strategic Audit assignment which was required for my Business Management Strategy course in my MBA program. I had to submit this assignment as four separate papers throughout the semester. I added a plethora of images, tables, and graphs to clarify the ideas in the paper. I originally used the Modern style set to make the paper more aesthetic but I had to change the font to Times New Roman so that it could convert appropriately on the Slideshare website.
For more content from me, visit the following URLs:
https://analyticsexplained.com
https://www.youtube.com/analyticsexplained
Appropriate Healthcare Technology in Emerging Markets, Vietnam 2014Eric Stryson
Business plan for a domestic Vietnamese company producing appropriate, low-cost, healthcare equipment in Vietnam and throughout Asia - produced during GIFT's Global Leaders Programme in March 2014
2B Kalfhaus Opportunities and Challenges of Telemedicine EHiN 2014IKT-Norge
Lars Kalfhaus
Country Manager Roche Diabetes Care (ES)
Connect, Engage and Take Decisions
Opportunities and Challenges of Telemedicine Implementation
EHiN 2014, IKT-Norge og HOD
Presentation - New Business Models for Antibiotics: Where Are We Now? 16 Marc...Office of Health Economics
Speaking at the Superbugs & Superdrugs conference in London on 16 March 2016, OHE’s Jorge Mestre-Ferrandiz delivered a presentation on financial and collaborative incentives to accelerate clinical success for antibiotics.
Jorge discussed the economic challenges around antibiotics, and whether there is a need for a new business model. He reviewed of the impact of previous incentives, explaining what has worked in the past, and discussed possible new business models.
In this presentation, OHE's Mestre-Ferrandiz summarizes what is known about innovation, both challenges and incentives, and applies this to efforts to encourage the development of new antibiotics.
The external healthcare environment is changing rapidly and providers are under increasing pressure to innovate with increasing speed and efficiency.
Be it experimenting with new care delivery models to improve care coordination, redesigning workflows to enhance efficiency, or developing new products that improve clinical outcomes, hospitals and their service lines are looking for effective ways to harness the creative power of physicians and employees to solve problems that matter. However, few organizations innovate in an orderly, reliable way.
Great ideas remain captive in the heads of physicians and employees and one-off attempts to spur innovation through “hack-a-thons” and “pitch days” prove disappointing. As an academic medical center and a world leader in orthopedics, Hospital for Special Surgery has a long history of results-oriented innovation.
In this webinar, we will share:
– HSS’ systematic approach for driving innovation
– strategies for generating new insights and developing novel solutions
– processes for piloting and testing new ideas
– guiding principles for creating a culture of innovation
– advice on how to build your very own innovation infrastructure
About the Speaker:
Mark Angelo is Vice President, Innovation & Business Development for Hospital for Special Surgery. Mark joined HSS in 2009 and has held various senior management positions at the Hospital across operations, strategy and business development. As Vice President, Innovation & Business Development, Mark is responsible for advancing hospital strategic priorities related to quality and efficiency, innovation, growth and diversification. One of his key responsibilities includes leading the Operational Excellence program, a hospital-wide initiative that leverages industrial engineering principles to maximize quality and efficiency. Mark also leads the HSS Innovation Center whose mission is to support the development and commercialization of early-stage technologies and solutions.
Prior to joining HSS, Mark worked as a management consultant for Monitor Group where he specialized in operations strategy and organizational design. Mark holds a Bachelor of Applied Science in Biomedical Engineering from the University of Toronto and a Master of Business Administration from Harvard Business School.
Pharma Policy 2017 - Read it in MedicinMan September 2017 IssueAnup Soans
1. Draft Pharma Policy: The Good, The Bad and The Ugly...............................................1
Interview with Sunil Attavar
2. Career Brand Plan: A Career Stepping
Stone..........................................................9
Soham Wagh
3. Succeeding as Country GM at GSK: A Whitepaper..............................................12
Sundar Ramachandran
4. Role of Digital in the Customer Journey ....................................................................21
Salil Kallianpur
5. Executive Function Disorder .................24
Vivek Hattangadi
3. Introduction Recommendation Risks Execution Summary 3
The Added Value of Healthymagination to GEHS
Smart
Spending
Smart
Saving
Smart spending - Making smart investments that make a
difference lead to research and development in technology
innovations, capital financing for growth companies and
grants.
Smart Saving - Lowering costs, expanding capacity and
improving performance enable healthcare providers to care
for more people with existing facilities and to extend access to
wider populations.
1) Not just new products, but a tool for Marketing
• Differentiation from competitors
2) Sustainable advantage in Customer loyalty
• Less dependence on individual products
3) Disruptive Innovation
• Introducing new standards of quality, access
and cost to the healthcare industry
4. Introduction Recommendation Risks Execution Summary 4
Healthcare Industry and GEHS Overview
Healthcare is a booming industry
– $2.5 Trillion sector in US, 16% US GDP (projected to hit 31% by 2035)
GEHS and Medical Imaging Technologies
– In 2007 GE dominates MRI and CT (40%, 50% of market share respectively)
– Ultrasound is the 3rd largest modality of Medical Imaging, a $2 Billion industry
• GEHS in close competition with Philips to gain majority market share by
2010
Healthymagination
– $6 Billion Initiative launched in 2009 by GEHS as a commitment to quality,
access, and cost issues around the global Healthcare industry
– Requires a 15% increase in one of the three categories (quality, access, cost)
Which Ultrasound products should GEHS introduce?
– HepEcho, TEEmax, UltraLipo, and Omega
5. Introduction Recommendation Risks Execution Summary 5
Recommendation: HepEcho, Omega, TEEmax
Introduce HepEcho and Omega first as they are the best candidates for healthymagination
and they are in attractive markets. Introduce TEEmax after further evidence generation.
• Annotations
•Cost reductions of > 15%
•Large hospitals and mid-size clinics
•Buyers are more than
hepatologists
•Japan has Gov’t run healthcare
•Current medical needs are not met
HepEcho
•Access to new markets > 15%
•Collaborate with NGO
•Partner w/ Indonesian Gov’t
•Multi-year warranty plan
•Lowering costs
Omega
PROFITS
+
HEALTHYMAGINATION
TEEmax
6. Introduction Recommendation Risks Execution Summary 6
Healthcare Spending to Increase
• Increasing healthcare demands of aging Japanese
population necessitate dramatic increase in healthcare
spending (current spend 7% of GDP in 2009, compared
to 16.3% of GDP in US1).
• Intense competition likely as companies look to gain
share of increased spend
HepEcho provides lower cost, high quality
imaging for a growing Japanese market
Affordable, High-Quality Product
• Versatile LOGIQ E9 imaging technology, affordably price for mass appeal
• Positioned to meet the needs of hepatologists looking for improved diagnostic results
• Lower price point will expand target market to include both large academic hospitals and mid-
sized clinics
4.1 5.9 8.9 11.2 11.6 12.8 16.1 19.7
24.1
16
20.6
27
30.1
33.1
37.5
42.3
47.2
52.3
0
10
20
30
40
50
60 National
Medical Care
Expenditure
Medical Care
Expenditure
for the
Elderly
Trillion
Yen
Estimate
Growing Healthcare Spend in Japan1
1. Mori, Dr. Takato and Nagano, Dr. Amie. “From Silver to Gold: The Implications of Japan’s ageing population”. GE and Economist Intelligence Unit.
HepEcho poised to gain market share as low-priced solution focused on diagnostic and
preventative medicine.
7. Introduction Recommendation Risks Execution Summary 7
HepEcho: Meeting the Changing Needs of the
Japanese Market
Meeting Changing Customer Needs Requires Innovation
• Rapidly aging Japanese population influencing market needs
– Focus on tools aimed at diagnosis, prevention, treating chronic illnesses
• Japan exploring opportunities for new avenues of healthcare delivery
– Emphasis on home-based care for elderly will make mobility and versatility of
tools more important1
1. Ministry of Health, Labour and Welfare of Japan. 2011 Annual Report. http://www.mhlw.go.jp/english/org/pamphlet/dl/pamphlet-about_mhlw.pdf#page=14
Highlight innovative benefits of Healthymagination platform
Work with Japanese government to identify opportunities to
innovate and educate healthcare industry of products
Develop promotions to get HepEcho in test markets
Targeted
Marketing
8. Introduction Recommendation Risks Execution Summary 8
Omega: Fulfilling needs in Emerging markets
Omega addresses the issue of midwives lacking proper
equipment to detect and understand pregnancy risks
• Price-sensitive target market (Indonesia)
For midwives in Indonesia, price is the most important factor
At around $3,000, Omega is affordable and economically justifiable
• Omega addresses scarcity of OB/GYNs in Indonesia, especially
in rural areas
Compared with hospitals & OB/GYNs, midwives are considerably more
accessible and affordable
Increases
Access
Increases
Quality
New
Market
9. Introduction Recommendation Risks Execution Summary 9
Omega: Solutions for Barriers to Value Creation
and Delivery
Barriers to Value Creation and Delivery
How will Omega be distributed, especially in rural areas?
Who will train midwives and spread product awareness?
Proposed Solutions:
1) Collaborate with local NGOs (i.e. ICM, GMC)
Product distribution through established supply channels
Midwife education and training
Spreading of product awareness
2) Partner with the Indonesian Government
Government subsidies increase affordability
Government endorsement adds credibility and increases awareness
3) Provide a multi-year warranty
Alleviates midwives’ concerns regarding economic feasibility
Instills confidence in product quality & reliability
4) Lower the price
Increases Omega’s demand and unit sales
Improves Omega’s economic feasibility
10. Introduction Recommendation Risks Execution Summary 10
New Markets + New Strategy = Risk
Low
Low
High
High
ProbabilityofOccurrence
Impact of Risk
Omega
HepEcho
Barriers to Entry
Competition
Buyer Power
Distribution
Barriers to Entry
Competition
Distribution
Buyer Power
11. Introduction Recommendation Risks Execution Summary 11
Execution: Focus on NPI’s 3 Steps to Success
Test Market
M1
M2
M3
Supply Chain Coordination
Cost & Schedule
HEPECHO: Established supply chains, GE HealthCare Hino Factory
OMEGA: Less established & highly fragmented, Indo 15000+
islands will need to utilize Korean manufacturing facilities
HEPECHO
• Shinjuju, Tokyo
• Pop 312, 418
• Most Hospitals per
1000 population
HEPECHO: $36M
OMEGA: $6M
OMEGA
• Jakarta’s rural areas
• Developed infrastructure
• 35% of births are
unassisted
Hit Scale
18 months
Beta Phase
6-18 months
Est Chains
3-6 months
13. 13
Appendix
• SWOT Analysis
• Healthymagination
Details
• Medical Imaging
Analysis
• Japanese Healthcare
Market
• Indonesia Midwifery
• TeeMax
• UltraLipo
14. 14
Healthymagination: Success thus far
• 43 Innovations have been validated to
improve cost, quality and access by 15%
• 234 million lives affected
• Over 60+ countries
COST
• Decrease treatment time
Quality
• New technologies
Access
• Medical equipment to developing markets
15. 15
Medical Imaging Analysis: Ultrasound Imaging
• $25.3 Global Billion market & growing
• Competition
– GE 30%
– Philips 27%
– Other 43%
OPPORTUNITY
Japan + Rest of Asia = 28% Global Market
Asia = 60% of worlds population
2004 2005 2006 2007 2012 CAGR%
1332.0 1423.2 1520 1625.2 2273 6.9
Ultrasound Projections
17. 17
Japan’s Healthcare Industry
Unique Social Healthcare Benefits1
• Lowest healthcare costs yet healthiest population
• Pay insurance premiums in relation to their income, insurance companies
don’t compete for services
Facts2
• Life Expectancy – 83 yrs,
• Health care spending – 8% GDP
• Doctors per 1000 -- 21
http://www.equityhealthj.com/content/8/1/5
1-http://prescriptions.blogs.nytimes.com/2009/08/25/health-care-abroad-japan/
2 http://www.who.int/countries/usa/en/
18. 18
TEEmax and the Healthymagination Initiative
We propose to delay the introduction of TEEmax until more evidence of value
creation can be established
• TEEmax is a product that current research tells us is much harder to reach the 15%
improvement
• The scope of this product is limited and it’s impact on global health issues is far
less relevant
• Currently Philips has a similar product on the market, Live 3D TEE, which will be
hard to overtake in market share without a strong marketing push, that association
with Healthymagination would provide
TEEmax is an attractive investment
• The product fulfills a direct need currently catered to by only one supplier, Philips
• The product is an add on to existing machines for which we already have buyers
and distribution established
• E4D Technology is multifunctional to apply to different objectives
• Market segments for cardiac ultrasound is growing as instances of heart disease
increase around the world
19. 19
UltraLipo: Opportunity Outside NPI and
Healthymagination
Potential New Product for Non-Healthymagination
platform
• Non-traditional use for ultrasound, cosmetic application with
few clinical benefits
Does not meet the Strategic Filter for NPI
• “Solve a clinically relevant problem, with a demonstrable
improvement in imaging quality that the clinician would
recognize, where there are a wide range of applications for the
product”
20. 20
SWOT analysis for 4 proposed products
HepEcho SWOT
Strengths: Fulfills a direct need that currently is insufficiently met, Japanese healthcare system is government run so ability to find large bulk buyers and institutionalized
systems is high, based on core technology that GE is already a leader in
Weaknesses: costly project and a high retail sales point, eliminates smaller independent firms from buying so shrinks your buyer pool, a lot of hospitals each serving small
size populations, so only a few locations will want to buy based on proximity to other locations who don’t have one, this is a specialized tool geared at hepatologists
only
Opportunities: Current ultrasound options are insufficient for proper liver cancer detection, 85% mortality rate for detected liver cancer world wide, Japan alone accounts for
5.3% of deaths from liver cancer, over $400 million market for hepatologists who use ultrasounds already,
Threats: Introducing a new product takes education and time to accept into general practice, competitor expected to release a similar imaging system as direct competition,
TEEmax SWOT
Strengths: Product is an addition to an existing product currently owned by many hospitals and firms, there is a clear need and a current market for such a machine,
Weaknesses: Limited scope of use of product (surgeons performing replacement of mitral valve procedures), Costly project requiring 20Million to start.
Opportunities: cardiac ultrasound is growing to a billion dollar segment, pioneering E4D technology can cross over to new product developments
Threats: Philips is already in the game with the Live 3D TEE, clinical team is unsure if TEEmax can reach healthymaginations growth goal of 15%,
UltraLipo SWOT
Strengths: Outside of typical healthcare segment, entering a new market, non invasive, based on existing companies it is profitable and highly desired, not treated in a
medical setting but a spa like setting, the alternative to UltraLipo is invasive medical surgery which is high risk and much more expensive. Typically an out of pocket
procedure, relatively simple technology
Weaknesses: Does not stay within the realm of Healthcare, does not promote the GE mission of providing better healthcare to more people, lack of a clinically relevant
benefit,
Opportunities: Industry is just beginning globally and has yet to be approved by the US government (still early movers in US), Target market is weight loss patients which is a
large market globally, Brazil is the highest numbers of liposuction procedures, estimated global market of over 1 billion, noninvasive lipo-surgeries are expected to
grow by 17.9% in the next half decade,
Threats: Existing Israeli company already created the market for ultrasound use in this capacity, No manufacturers have yet to receive FDA approval in the US
Omega SWOT
Strengths: Capitalizing on a market, Indonesia, that needs better service and equipment for pre-natal care, low cost requirements of 6 million, easy to use and affordable
$3000,
Weaknesses: most OBGYN’s are located in central cities, not in rural areas, so a lot of the patients that need the extra medical attention aren’t going to have access regardless
of product, Midwives don’t have as high enough incomes to afford an ultra sound machine, Product has a “novelty” value,
Opportunities: Outlet through Midwives is accessible, new emerging market with an incredibly large population, first mover advantages,
Threats: Distribution may be much harder trying to reach individual midwives than large hospitals and firms, access a single woman can have to the machine is limited if it is
targeted towards midwives rather than institutions,
21. 21
Market Figures (HepEcho & Omega)
• HepEcho:
Potential Worldwide Market : 700,000 annual diagnoses for liver cancer
Japan: 32,000 deaths annually attributable to liver cancer
o Current Market estimated at $400 million
o 8,794 hospitals in 2008
o 8.5% of GDP spent on healthcare in 2008; less than 9.6% of GDP on average across OECD countries in 2009
• Omega:
Indonesia: 230 Million people
o Estimated 4,140,000 births per year (18 per 1,000 people)
o Estimated 59,800 midwives (26 per 100,000 people)
o Conservative Estimate of Sales (1 of 4 midwives purchase) – 14,950 units sold
o Aggressive Estimate of Sales (2 of 4 midwives purchase) – 29,900 units sold
o 59.3 birth defects per 1000 people; est. 245,502 birth defects per year (March of Dimes study)
o Estimated midwife price per birth – $45 (2008)
o Initial Investment: $6 Million dollars
o Projected unit price: 3,000*
Healthcare figures from Page 2 of the Case study, paragraph 3
GEHS and Medical info from Case Study, Exhibit 5 and Exhibit 6 of the appendix
Healthymagination – Case study, page 5, paragraph 2 and 3
Positioning: HepEcho would provide higher quality imaging for a growing Japanese market. Based on the LOGIQ E9 technology, HepEcho represents the top of the line tool for general imaging. Priced at $120,000, this product is more affordable than the typical LOGIQ E9 technology selling for $200,000. The reasonable pricing of a top tier product would make this versatile tool desirable to both large academic hospitals and mid-size clinics alike. While the tool is positioned to be a solution for more effective imaging for diagnosing liver cancer, as a general imaging tool, hospitals and clinics will be attracted to the versatility of the solution to providing
ICM – International Confederation of Midwives – a NGO consisting of several midwife associations that spans across 98 countries and includes 250,000 midwives. The ICM works with WHO, UNFPA, UNICEF and other organizations to achieve the common goals in the care of mothers and children. (http://www.internationalmidwives.org/Whoweare/tabid/1087/Default.aspx)
GMC – Global Midwifery Council – an international organization of midwives that strives to provide safe and respectful midwifery care during childbirth. The GMC focuses on strengthening midwifery education on an international scale. (http://globalmidwiferycouncil.org/about.html)
Aside from the affiliation with Healthymagination, there shouldn’t be anything holding GEHS back from greenlighting TEEmax
March of Dimes Report http://www.marchofdimes.com/downloads/birth_defects_report-pf.pdf
(*) - We propose to lower price in recommendations