Global Healthcare Service as Product Solutions, 2016
Global Healthcare Service as Product Solutions, 2016
Medical Device OEMs are Starting to Share the Responsibilities of Patient Outcomes and Profit Margins with Providers
19-Sep-2017
North America
Market Research
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Servicization of healthcare with innovative Platform-as-a-Service (PaaS) and Data-as-a-Service (DaaS) models are opening new revenue streams for medical device OEMs and are driving the future sustainability.
Focus on Healthcare:
As the focus of providers shift from treatment to diagnosis, prevention, and monitoring, PaaS and DaaS are expected to provide the required insights on patient management and operational effectiveness necessary for the providers. With the emergence of Affordable Care Organization (ACOs) and value-based reimbursement models, the financial risk is shifting from payers to providers and providers are in turn shifting the risk on medical device original equipment manufacturers (OEMs) to provide affordable and quality solutions.
The Need of the Hour:
Through new services and product solutions such as such as telehealth and remote patient monitoring, medical device OEMs are striving to provide cost-effective solutions that are expected to improve the long-term profitability of both providers and OEMs as well as that of payers and patients. Digitization of products, services, and care delivery models are set to transform the current healthcare systems, unlocking new values by displacing high cost care providers and previously inaccessible segments. More and more medical device OEMs are coming out with new digital health based products and services and these technologies and services are expected to drive the patient management and performance of providers through an intelligent, intuitive, and data-driven approach. Increased information access, awareness, and digital health technologies have not only empowered OEMs and providers but also empowered patients, thereby allowing increase in patient participation and helping patients manage their own health. Companies are incorporating socially beneficial elements into their business models that allow providers, payers, and consumers to drift toward such companies that help them improve their lives in a mutually beneficial way. Hospitals are taking initiatives to reduce the procurement costs and inpatient admission and emphasizing more on increasing outpatient and home healthcare as a part of their cost-containment strategy and patient outcome improvement programs. Hospitals are seeking to provide high-quality care at affordable costs by improving efficiencies and judicious management of manpower and resources. This is one focus area where providers need support from OEMs, which provides huge opportunities for OEMs, especially in saturated markets such as Cardiac Rhythm Management, Orthopedic Implants, etc. Further, to address the need of hospitals in providing value and efficiency in departments, OEMs are acquiring capabilities and turning data into actionable insights and creating service oriented future revenue streams.
Executive Summary
Product Solutions—Overview
Shifting Care Delivery Focus from Treatment to Prevention
The Current Scenario of Healthcare Spending
Factors Shaping the Focus of Hospitals
Evolution of New Models of Care Delivery
Emergence of OEMs becoming Service Providers
Service as a Product Solution—Segmentation
B2B Clinical Care Service Examples—Selected Companies
The Need for Patient Management
Segmentation of Patient Management Solutions
Patient Management Solutions by Application
Patient Management Solutions Mapping
Patient Management Solutions Mapping—Examples
The Future of Patient Management
mHealth/Apps—Current Scenario
Patient Engagement through Mobile Applications—Realities and Roadblock
Insights from Frost & Sullivan’s Telehealth Services Survey
Patient Management Solutions—Market Adoption Attractiveness
Analysis of Telehealth and Remote Patient Monitoring Services
Analysis of Long-term Follow Up Solutions
Patient Management Solutions—Key Takeaways
Medtronic—Patient Management Solutions
Medtronic—Patient Management Solutions (continued)
Medtronic—Patient Management Solutions (continued)
Boston Scientific—Patient Management Solutions
Abbott Laboratories—Patient Management Solutions
LivaNova—SmartView Remote Monitoring System
Philips Healthcare—Telehealth
Philips Lumify—App-based Handheld Ultrasound Solution
Stryker Performance Solutions—JointCOACH
NeuroPace—Responsive Neurostimulation System (RNS)
Masimo Corporation—Telehealth (Masimo Patient SafetyNet)
Proteus Health—Proteus Discover
Neurometrix—Quell
Elekta—MOSAIQ Survivorship
eviCore—Benefit Management Solutions
MedSentry—Medication Adherence Monitoring System
Laerdal—SimCenter (Training)
NuVasive—Surgeon Education Program
Syncera—Platform-based OR Efficiency
Simulab—TraumaMan System
OR Efficiencies—Sterile Processing Training and Education Assistance
Performance Management—A Trend that is to Stay and Redefine Healthcare
Traditional vs. Performance Management-enabled Care Delivery—Comparative Ecosystem
The Need for Performance Management Solutions—Changing Payment Models
Market Attractiveness and Analyst Opinion—Performance Solutions
Comparison of Efficiency Management Solution by Key OEMs
Stryker Performance Solution—Episode Performance Manager
Zimmer-Biomet—Signature Solutions
Drager—Innovian Anesthesia
STERIS Corporation—STERIS Professional Services
Reimbursement Redefined—Shift in Payment Models Driven by Payers and Government
Emerging Business Model in Healthcare Space—Heat Map
Key Trends Driving Medical Device Industry Business Model Shift
Emerging Healthcare Business Models
Role of ACOs
Bundled Payments Example—Orthopedics Sector
Examples of Select Companies and their New Business Models
Examples of Select Companies and their New Business Models (continued)
Examples of Select Companies and their New Business Models (continued)
Public Private Partnership Models for Chronic Disease Management Initiative—Case Study
Growth Opportunity 1—Bringing Solutions to the Market that Enhance the Value Proposition for Payers, Providers, and Patients
Strategic Imperatives for Success and Growth—Key Factors to Consider
Key Takeaway
Legal Disclaimer
Legal Disclaimer
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
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Deliverable Type | Market Research |
---|---|
No Index | No |
Podcast | No |
Author | Brahadeesh Chandrasekaran |
Industries | Healthcare |
WIP Number | 9AB9-00-61-00-00 |
Is Prebook | No |