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Facebook Twitter LinkedIn Instagram Email Printer Google Plus * Transform Care * Engage Consumers * Drive Innovation * Maximize Value * * Transform Care * Engage Consumers * Drive Innovation * Maximize Value Drive Innovation January 27, 2022 UNDERSTANDING THE VALUE EQUATION A LOOK AT WHAT'S INSIDE OLIVER WYMAN'S HEALTH INNOVATION JOURNAL VOL. 5 Oliver Wyman Health @OWHealthEditor Email Conversations around healthcare’s switch to value-based models often center on reimbursement. Are payments being redesigned to incentivize new care models? Are they replicable? When can we leave fee for service behind? The other critical part of that equation is: are these experiments delivering value for patients, clinicians, and the healthcare system overall? To be sure, cost, payment, and care are inextricably linked. But understanding how technology, consumerism, clinician well-being, aging, and a host of other factors are being addressed is essential to moving the industry forward. Oliver Wyman’s Health Innovation Journal Volume 5 analyzes a number of the biggest trends impacting the industry’s transformation, from creating digital doctors and understand the impact of price transparency to evolving consumer behaviors in a digital age and addressing systemic racism. Through a mix of articles, videos, and podcasts, this year’s Journal, which is fully digital for the first time, offers insights from Oliver Wyman partners who are the front-lines helping organizations develop new business strategies, as well as from some of the industry’s most innovative leaders. HIGHLIGHTS FROM THIS YEAR’S HEALTH INNOVATION JOURNAL Five Ways to Reshape Healthcare: Oliver Wyman’s Ashley Smith details areas where the value proposition is being redefined in healthcare: care in the home, behavioral health, the electronic medical record, pharmaceuticals, and population health. In a video presentation, Smith shares ideas for how the industry can bring science and business together in unique ways. As she points out, we are past the time when big players and current incumbents are the default winners and incremental change is the norm. > "We are past the time when big players and current incumbents are the default > winners and incremental change is the norm." > > Ashley Smith Partner, Health and Life Sciences, Oliver Wyman Digital Doctors: There’s an enormous upside to getting clinicians to embrace technology more fully, but we can’t lose sight of the fourth element of the Quadruple Aim — bringing joy back to practicing medicine. In this article, we look at how organizations can adopt technology in a meaningful way to benefit patients and clinicians. Value or Vaporware: Mergers, acquisitions, partnerships, and investments are creating a host of unique combinations. That M&A and partnership activity is being backed by an explosion in capital flowing into the industry. Increasingly, those investments are being directed toward value-based models. We take a closer look at areas for investors to consider as they think about backing different models of care and payment, or a new technology. Aging Sustainably: By 2050, more than 20% of the world’s population will be 60 years of age or older. Programs are in place across the globe to not only improve health, but the quality of life for this demographic. We identified six areas where stakeholders can come together to reimagine how services are delivered and healthy aging becomes a strategic priority. Understanding the Engaged Consumer: The COVID-19 pandemic reshaped how consumers access healthcare services. Findings from our latest Consumer Healthcare Survey offer insights into how healthcare companies need to realign their strategies to meet evolving consumer expectations. Dig deeper into this year's Oliver Wyman Health Innovation Journal here. * Topic * Future Market * OWHIC Insights in your inbox Subscribe January 27, 2022 Betting on Innovation and Overcoming Resistance... April 09, 2021 Fyodor Urnov on What's Next For Gene Therapy October 27, 2020 2030 Projections for Inpatient Bed Supply FOLLOW US @OWHEALTHEDITOR * Is the future of care truly digital? Learn more from our recent Consumer Healthcare Survey via @Forbes #OWHealth https://t.co/e1d9d5E0No * Health plans all over the country are looking for ways to serve their member populations better, reduce the cost of care for their communities, and diversify revenues. More from our chat with Ricardo Johnson @carefirst > https://t.co/V8TP72zUFg #OWHealth #healthcareinnovation * Executives have detailed plans to take on more risk and build on advances in life sciences, and are optimistic about #Medicare Advantage despite missed enrollment targets. More reflections from the @jpmorgan Healthcare Conference > https://t.co/pvQSBQRmRV #OWHealth https://t.co/7rs4rAPPOe * Examining key trends impacting the industry — how investors view the shift to value-based care, creating the digital clinician, building systems that support an aging population, and more > https://t.co/hw73UbaXZA #OWHealth https://t.co/JrVGCLDtvw * RT @annsomerswh: Health care #predictions season is a favorite. While I love reading all the visions for what's to come, this may be my fav… * RT @OliverWyman: How can #healthcare organizations push innovations at an accelerated pace? Five ways to reshape healthcare in the Health I… * 2022 Predictions: @OliverWyman's @SamOnHealth shares his outlook on #COVID19, #MentalHealth, #HealthIT, and more > https://t.co/4Lxhgr0poH #OWHealth * RT @statnews: “It’s been incredible ... We’ve seen patients who had multiple lines of therapies and progressed after all of those, [then] g… * Similar to every sector in #healthcare, pharmaceutical companies are undergoing significant changes to their business and operating models. Learn more about three key considerations for the industry here > https://t.co/Ve0IUJWlbz #OWHealth #JPM2022 https://t.co/kNuTnvLfTy * RT @OliverWyman: 2022 Pharma Predictions: Pharmaceutical giants are shedding business units, choosing to focus on innovative pharma operati… * Is the future of care truly digital? Learn more from our recent Consumer Healthcare Survey via @Forbes #OWHealth https://t.co/e1d9d5E0No * Health plans all over the country are looking for ways to serve their member populations better, reduce the cost of care for their communities, and diversify revenues. More from our chat with Ricardo Johnson @carefirst > https://t.co/V8TP72zUFg #OWHealth #healthcareinnovation PrevNext Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. * * * * * Share * * * Terms Of Use * Privacy Notice * Cookie Notice * Manage Cookies * This website uses cookies We and our partners may process your data through the use of cookies (and other tracking technologies). Some cookies are necessary to make our website work, so they can’t be turned off. Others are not strictly necessary but are useful to optimize the performance of this site, help us assess site usage, and give you the best user experience. You can consent to the use of such cookies by clicking "Accept", you can reject our use of such cookies by clicking "Reject", or you can make individualized decisions by clicking "Manage Cookies". To learn more about cookies, read our Cookie Notice. Accept Manage Cookies Reject