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Global Healthcare Service as Product Solutions, 2016

Global Healthcare Service as Product Solutions, 2016

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
      • Table Medicare Spending Trends Comparison, 2006 and 2014
    • 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
  • Patient Management Solutions
    • 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
  • Patient Management Solutions-Key Company Profiles
    • Medtronic-Patient Management Solutions
    • 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
  • Patient Management Solutions-Other Company Profiles
    • 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 Solutions
    • 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
  • Performance Management Solutions-Company Profiles
    • 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
  • Finance Management Solutions
    • 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
    • Public Private Partnership Models for Chronic Disease Management Initiative-Case Study
  • Growth Opportunities and Companies to Action
    • 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
  • Appendix
    • Abbreviations

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