Health care is a dynamic industry. Important treatment advances help people live longer and healthier lives, yet large unmet health care needs remain. And, while health care spending has grown, there is no clear relationship between increased spending and higher quality outcomes.
The combination of aging populations, an epidemic of chronic diseases such as diabetes and obesity, and the increasing demand for and access to health care in emerging markets creates myriad opportunities for companies across all health care sectors. These include suppliers of biopharmaceutical and medical products, as well as providers and distributors of care and payer organizations.
Effective health care strategies will not only deliver value for patients, but also help industry participants sustain growth and returns to continue to invest in future therapies and improved outcomes.
BCG works with the full range of health care organizations, from biopharmaceutical and medical technology companies to global payers, providers, and distributors of health care services. We partner with them to address the key strategic and operational issues they face and to help them create value and sustain their competitive advantage.
These are some of the key capabilities we offer health care companies:
Formulating vision and strategies, and translating them into actions.
Driving and executing change to maximize value creation, including in the context of mergers and acquisitions, complex restructurings, and business turnarounds.
Building higher-performing organizations, to ensure they are aligned with strategy and missions. We help them transform when necessary, improving effectiveness and building new capabilities.
Optimizing operations, covering topics such as lean, optimal network and supply chain, and service efficiency.
Improving go-to-market strategies, finding the most effective ways to approach customers, managing channels, and developing capabilities to build value across product life cycles.
Maximizing the value of innovation in R&D.