Navigation Links
Medtech companies urged to evolve business model to survive

new capabilities

To succeed at business model innovation, companies will need to build new capabilities, including:

  • Focusing on capital efficiency to use scarce resources wisely.
  • Initiating ecosystem-wide scanning to better understand a changing health care environment.
  • Fostering collaborative cultures to tap the strengths of diverse players.
  • Becoming open data enterprises to pool data and develop insights.
  • Adopting disease/value pathways to identify and fix "value leakages."
  • Using scalable processes with appropriate metrics for robust business model innovation.

Patrick Flochel, EY's Global Pharmaceutical Sector Leader concludes: "The medtech industry faces significant challenges, but for companies that can deliver differentiated health outcomes in cost-efficient ways, there are strong opportunities for growth.

Clearly, firms need new capabilities, but they can also redeploy existing strengths which will be very useful in the new health care environment: customer-centric design, the ability to identify and fill gaps for customers, and medtech's core strength in engineering new solutions for complex challenges. In doing so, they will do much to restore the trust of customers and investors, which will make business model innovation easier in future."

Notes to Editors

How EY's Global Life Sciences Center can help your business

Life sciences companies — from emerging to multinational — are facing challenging times as access to health care takes on new importance. Stakeholder expectations are shifting, the costs and risks of product development are increasing, alternative business models are manifesting, and collaborations are becoming more complex. At the same time, players from other sectors are entering the field, contributing to a new ecosystem for delivering health care. New measures of success are als

Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology technology :

1. Day Two of AdvaMed 2013 to Feature Government and Industry Leaders on MedTech Challenges and Opportunities
2. International MedTech Industry a Major Focus at AdvaMed 2013
3. Medtech College Recognizes Medical Billers & Coders For "Cracking The Code" Of Insurance, Patient And Physician Billing
4. MedTech Innovate Seminars: New Interactive Learning Forums at 2013 MD&M East
5. BioBDx to Present at the 2012 BioPharm America and AdvaMed MedTech Conferences in Boston
6. Medtech Expands Nursing Education Opportunities In Florida
7. MD+DI, the Global MedTech Industry Authority, Wins a 2012 Maggie for Best Overall Category in Medical, Dental & Related Services/Trade
8. MD+DI, the Global MedTech Industry Authority, Wins a 2012 Maggie for Best Cover in the Medical, Dental & Related Services/Trade Category
9. UBM Canon, the Global MedTech Authority, and the Medical Design Excellence Awards Announce Dean Kamen as the Presenter of the 2012 Lifetime Achievement Award
10. Camelot Healthcare Training Institute Acquired by Medtech
11. Workforce Solutions Company Kaztronix is Recognized for the Second Time on Inc. Magazine's List of the 5000 Fastest-Growing Private Companies in America
Post Your Comments:
(Date:10/8/2015)... , Oct. 8, 2015 /PRNewswire/ - RepliCel Life Sciences ... medicine company focused on the development of autologous cell ... and partnering meetings taking place in the month of ... – Partnering Forum RepliCel will be presenting at ... Meeting on the Mesa to be held October 7-9 ...
(Date:10/8/2015)... Oct. 8, 2015  Sigma-Aldrich Corporation (NASDAQ: ... brand within its Applied Diagnostics and Testing ... reference standards product line with ten certified Snap-N-Spike ... bile acids and their stable-labeled internal standards. These ... lithocholic acid, taurocholic acid and native and deuterium-labeled ...
(Date:10/8/2015)... TORONTO, CANADA (PRWEB) , ... October 08, 2015 ... ... it has entered into an exclusive license agreement to develop and commercialize intellectual ... expands upon the original agreement from February 2009, and affords exclusive worldwide rights ...
(Date:10/7/2015)... 8, 2015 ... accounts for largest bioinformatics market share due ... discovery and development process says this research ... . --> ... of applications, the bioinformatics market is segmented ...
Breaking Biology Technology:
... 2011 Reliv International , Inc. (NASDAQ: RELV), ... today announced a new joint research and development partnership ... soy and plant biotechnology research. "The partnership ... the nation,s leading biotech researchers to develop new nutritional ...
... Fla., Aug. 23, 2011 Biotechnology leader Divine Skin ... in the second quarter. The expanding innovator of personal ... backorders and accelerating sales, which are 79 percent ahead ... of our challenges has been keeping up with demand," ...
... China Cord Blood Corporation (NYSE: CO ) ("the ... the first quarter of fiscal year 2012 on Monday, August ... The Company will hold a conference call at 8:00 a.m. ... performance and give a brief overview of the Company,s recent ...
Cached Biology Technology:
(Date:9/29/2015)... Calif. , Sept. 29, 2015 ... improves employee productivity while also saving energy , ... such as Low Power Active Mode and embedded Fujitsu ... transformation Fujitsu today shows that good ... new and refreshed models to its enterprise desktop and ...
(Date:9/28/2015)... , September 28, 2015 According ... (Hardware & Software), Product (Scanner & Others), Application (Access ... Defense, & Others) & Geography Global - Forecast to ... to reach USD 3627.90 Million by 2020, at a ... Browse 65 market data T ables and ...
(Date:9/10/2015)... -- This report provides detailed descriptions of the sensor ... sensor types that will dominate in the future. Many ... wearable technology hype curve in the last five years ... with all of them is the prominence of sensor ... functions. Sensors collect data about the physical and chemical ...
Breaking Biology News(10 mins):
... two genes already known to control cell movement are ... findings in the April issue of Developmental Cell. , ... for a dividing cell's halves to separate, raising the ... stopping the uncontrolled cell division found in cancers. Mutations ...
... to the development of certain types of cancer, ... well understood. A new research study published in ... lymphocytes as important regulators of premalignancy associated with ... against B lymphocytes or recruitment of innate immune ...
... University Medical Center have shown that a commonly used ... a heart attack does not improve patient outcomes. , ... successfully used during angioplasty in vein grafts and stenting ... 2 issue of the Journal of the American Medical ...
Cached Biology News:
Rab GDP dissociation inhibitor beta...
Handy 100V Power Supply is Low-cost, compact and lightweight. Easy to operate - either 50 or 100 VDC is selectable as the output voltage. These voltages are sufficient for ordinary electrophoresis....
... sequencing inserts cloned into M13/pUC-based plasmids, plasmids ... polymerase promoters, or lambda gt10 and gt11 ... of 0.1 µg/µl in water. The primers ... using SequiTherm™ EXCEL™ II DNA Polymerase with ...
Biology Products: