Future Health: Transformation Through Innovation

THE HEALTH CARE INDUSTRY is intensely fixed upon transformation, as leaders increasingly realize that only those organizations that can expertly manage risk while reducing costs will likely prosper under new value-based care models.

To support this change, many organizations are joining forces. From 2009 through 2013, hospital M&A deal volume increased 14 percent annually1 – and both vertical and horizontal consolidation is expected to continue. In addition, many health systems are investing in health plan capabilities, which will enable them to better manage risk and reduce administrative waste.

As organizational structures shift, health care leaders also need to adopt new strategies to succeed in this new world. Exactly what do leaders need to do as new models unfold?

Leaders need to implement innovations that will help systems thrive. In today’s evolving environment leaders should zero in on the strategic use of emerging technologies such as mobile health applications and advanced analytics.