Harvard Business Review

OCTOBER 29, 2013

Technological improvements in health care have given us the quality of life we enjoy today. But chronic conditions, end-of-life care, and an aging society will bankrupt the United States if it doesn’t make dramatic changes to its health care system. health care is stuck in the craft mode.

Health Care 8

Health Care Cost Lean Production Offshoring 8

Harvard Business Review

SEPTEMBER 23, 2013

While the growth of health care costs has slowed over the past few years, lowering costs over the long term will depend on improving health care labor productivity. Reducing the rate at which health care costs grow, and the proportion of U. health system grew by nearly 75%. Over half of the $2.6

Health Care 8

Health Care Supply Chain Cost Compliance 8

Harvard Business Review

APRIL 9, 2012

Can reverse innovation — innovations originating from poor countries — provide one important answer? the approach is to spend more money on major technological advances and come up with innovative products and solutions. First, customers in rural Thailand simply cannot afford to pay a high price.

Health Care 15

Health Care Cost Constraint Innovation 15

Harvard Business Review

OCTOBER 21, 2013

we fret that our health care system costs too much. But, given the structure of health insurance, the question should not be “Why are prices so high?” ” The question realistically should be “Why are prices not even higher? Why discount prices when you won’t get more customers?

Health Care 8

Health Care Insurance Price Reference 8

Harvard Business Review

JUNE 13, 2017

But in health care, few things work as expected. One big reason why is that hospitals purchase technologies without requiring that they communicate with each other. Health care’s safety and quality challenges are exacerbated by its procurement problem. Health care is woefully underengineered.

Technology 8

Technology Health Care Wireless System 8

Harvard Business Review

DECEMBER 23, 2014

Confused by “explanation of benefits” forms and denials of coverage and frustrated by rising deductibles, co-pays, and costs of care, consumers rank their experiences with health insurers below those with cable companies and internet service providers. Offer options for low-cost, convenient care.

Health Care 8

Health Care Insurance Industry Retail 8

Harvard Business Review

MARCH 29, 2018

health care system. The audience for such innovation wants to be receptive: A recent American Hospital Association (AHA) survey found that 75% of senior hospital executives endorsed the importance of digital innovation. surgery, medicine, oncology), care areas (e.g., Health Care’s New Frontier.

Budgeting 8

Budgeting System Innovation Payback Period 8

Harvard Business Review

JUNE 14, 2017

The Leading Edge of Health Care. How the most innovative providers are creating value. Information that would once have been proprietary — and premium-priced — is now widely available, for free. ” In health care, providers don’t want data, they want solutions that lower costs and improve outcomes.

Health Care 8

Health Care Levitt Competitive Advantage Pharmaceuticals 8

Harvard Business Review

JUNE 30, 2015

Something similar is just starting to happen in health care. health-care industry in action, one billing claim or specialist referral at a time. As a result, we can rapidly innovate and improve our products. Slowly but surely, these same techniques are being brought to the B2B space, and to health care.

Health Care 8

Health Care Benchmarking Short-term Gordon 8

Harvard Business Review

JUNE 7, 2012

Take technology providers' technical support, with its long hold times "hopelessly complex interactions." Or you could completely undercut industry pricing models by, say, 90%. You don’t cut prices by 90% through marginal improvements in existing products. Health Costs Are Actually Not Spiraling Out of Control (PwC).

Disruptive Innovation 22

Disruptive Innovation Innovation Pharmaceuticals Class 22

Harvard Business Review

NOVEMBER 10, 2016

They’ll walk you through where to put the square footage and what kind of photos entice the most interest, and they use predictive modeling to show you the best and worst days of the year to get a booking at a particular price. Innovating for Value in Health Care. Insight Center. Sponsored by Medtronic.

Health Care 8

Health Care Power Hotels Transportation 8

Harvard Business Review

NOVEMBER 18, 2013

Historically, multinationals innovated in rich countries and sold those products in poor countries. Reverse innovation is doing exactly the opposite. It is about innovating in poor countries and selling those products in rich countries. Reverse innovation is also a significant learning opportunity for students in engineering.

Education 8

Education Innovation Engineering Constraint 8

Harvard Business Review

JANUARY 11, 2016

And they are coming soon to more sophisticated domains, such as health care. Much of the discussion about the Internet of Things has focused on the technology that makes it possible, but the technology is the easiest part. in health care or a Disney cruise), consumers or employees cannot be given a choice.

Technology 8

Technology Health Care Mayo Brand 8

Harvard Business Review

MARCH 11, 2014

That is, why bother trying to innovate if no matter what they do, large companies can no longer maintain a sustainable advantage and their life spans are just getting shorter and shorter? In these markets if existing companies don’t rise to the innovation challenge, no one will. “Why bother?”.

Innovation 8

Innovation Venture Capitalist Company Supply Chain 8

Harvard Business Review

OCTOBER 1, 2014

ISRO used indigenous components and technologies that are far cheaper than foreign imports. Converting these non-consumers into consumers will require breakthrough innovations — quality products at affordable prices. The starting point for such innovations is a big idea, a big dream. Indian engineers cost less, for sure.

Innovation 8

Innovation Constraint Engineering Automotive 8

Harvard Business Review

JUNE 4, 2015

Technology to the rescue? One of the promising areas supported by technology is at the intersection of the internet and online technologies with the physical world: the “internet of things” (IoT). The technologies and trends shaping tomorrow’s businesses. Insight Center. The Future of Operations.

Technology 8

Technology Offshoring Marketing Health Care 8

Harvard Business Review

JUNE 7, 2012

Take technology providers' technical support, with its long hold times "hopelessly complex interactions." Or you could completely undercut industry pricing models by, say, 90%. You don’t cut prices by 90% through marginal improvements in existing products. Health Costs Are Actually Not Spiraling Out of Control (PwC).

Disruptive Innovation 12

Disruptive Innovation Innovation Pharmaceuticals Class 12

Harvard Business Review

MAY 8, 2015

Think through the implications of these technologies, however, and an even more startling vision emerges: the future will look more like the past. Consumers go to retail stores to find out what is available at what prices—in other words, in large part, to get information. million.

Technology 8

Technology Retail Transportation Construction 8

Harvard Business Review

JANUARY 30, 2015

There are two kinds of health-care innovation: more-for-more and more-for-less. The American health-care system exemplifies the first kind, offering more and more value at higher and higher costs. prices to vast numbers of patients who would otherwise have no access to care. The consequences are dire.

Health Care 8

Health Care Disruptive Innovation Travel How To 8

Harvard Business Review

MARCH 1, 2018

health care landscape. This trend has important ramifications for the out-of-pocket prices (e.g., The first cell-based gene therapy approved in the United States, it has been priced at $475,000 for a course of treatment. Health Care’s New Frontier. population. Insight Center. Sponsored by Optum.

Cost 8

Cost Insurance Incentives Policies 8

Harvard Business Review

OCTOBER 1, 2013

They want insurers to compete with one another on the basis of price and service. Conservatives also recognize that many people will need financial help in order to afford health insurance, and they have embraced such aid. The health insurance exchanges have the potential to fulfill the hopes of both conservatives and liberals.

Insurance 8

Insurance Goal Health Care Long-term 8

Harvard Business Review

DECEMBER 24, 2013

Meanwhile, Michael Porter explains exactly how health care needs disrupting, professors from INSEAD and MIT debate the merits of the MOOCs that might upend higher education, and our own Sarah Green tells publishers to quit whining about disruption and start enjoying the innovation that goes along with it. Connect Then Lead.

Management 17

Management Health Care Middle Management Agility 17

Harvard Business Review

JUNE 19, 2017

Yet prenatal care in the United States has evolved into a complex regimen of 12 to 14 appointments over the course of a 40-week period, often only to confirm that the expectant mother and her fetus are healthy. The Leading Edge of Health Care. How the most innovative providers are creating value. Insight Center.

Mayo 8

Mayo Health Care Information Innovation 8

Harvard Business Review

SEPTEMBER 5, 2016

” Health care. Cigna is the first insurance company to get pharmaceutical companies to agree to value pricing based on results for certain cholesterol-lowering drugs. And the Health Care Transformation Task Force , a newly formed coalition of private insurers and provider organizations in the U.S.,

Incentives 8

Incentives Health Care Education Insurance 8

Harvard Business Review

SEPTEMBER 12, 2012

How willing are customers to continue to pay for further improvements in performance that historically merited attractive price premiums? Are customer preferences and habits changing due to enabling technologies and/or changing social norms? The government is often portrayed as an inhibitor to innovation, but that's not fair.

System 15

System Christensen Disruptive Innovation Telecommunications 15

Harvard Business Review

JUNE 8, 2015

Pharmaceutical companies, buffeted by regulatory changes, new drug technologies that alter entry barriers and competition, price pressures, and an estimated 300,000 job cuts since 2000, seem to fit the popular narrative of large organizations unable to deal with disruptive forces.

Health Care 8

Health Care Venture Capitalist Strategic Fit Pharmaceuticals 8

Harvard Business Review

DECEMBER 15, 2015

Marketplaces allow people to do apples-to-apples comparisons of health insurance products and prices through an online portal. California’s model is perhaps the most influential: It has affected prices and choice in the market by standardizing plans and aggressively negotiating insurance rates. Technological challenges.

Insurance 8

Insurance Health Care Cost Learning-by-Doing 8

Harvard Business Review

NOVEMBER 18, 2013

Historically, larger scale has offered hospital systems a number of advantages, including increased referral volumes, better access to capital, stronger pricing power, and classic cost economies. This type of deal may involve the co-provision or outsourcing of shared services or the joint creation of knowledge and innovation.

Health Care 8

Health Care System Cost Price 8

Harvard Business Review

MARCH 8, 2011

Rapid technological and competitive innovation. Look as well to health care. The resulting improvements in product design, pricing, packaging and service will drive even higher customer expectations around personalization, control, relevance, and timeliness — and so on, and so on.

Media 13

Media Industry Trends Health Care 13

Harvard Business Review

FEBRUARY 27, 2017

This narrative has rested on three propositions: that globalization is a major driver of growth and prosperity; that technological progress enriches our lives; and that shareholder returns reflect businesses’ contributions to societal progress. The same goes for technology.

Globalization 8

Globalization Supply Chain Human Capital Long-term 8

Harvard Business Review

MARCH 12, 2012

Deere & Company developed a small tractor, the 35-horsepower Krish, built and priced specifically for the India market, competing head on with the Indian market leader, Mahindra & Mahindra. We call this phenomenon reverse innovation — any innovation that is adopted first in the developing world, and then later in the developed world.

Glocalization 11

Glocalization Mass Marketing P&L Globalization 11

Harvard Business Review

APRIL 18, 2017

They will fail not because AI is all hype, but because companies are approaching AI-driven innovation incorrectly. Already, evidence suggests that early AI pilots are unlikely to produce the dramatic results that technology enthusiasts predict. Unfortunately, most of these efforts will fail. Most companies started online divisions.

Insurance 9

Insurance Video Project Long-term 9

Harvard Business Review

JUNE 26, 2012

To guide companies in innovative ways, boards must know what innovative looks like. It's no news to confirm that technology companies — such as Amazon, Apple, Cisco, Dell, HP, Google, Intel, Microsoft, and Oracle — have boards awash in digital expertise. It's clear the tide is turning — and it's turning fast.

Retail 14

Retail CEO Health Care Middle Management 14

Harvard Business Review

OCTOBER 4, 2011

It won't be global middle class level with incomes of over $70,000, but still above subsistence living, buying health care, food, education, transportation, and entertainment. Consequently, big multinationals have started looking at Africa in a new light. One such is General Electric.

McKinsey 12

McKinsey Health Care Class Transportation 12

Harvard Business Review

OCTOBER 10, 2017

Americans are both undertreated and overtreated in a health care system that wastes up to $1 trillion a year and delivers profoundly uneven quality: Current estimates indicate that preventable medical errors are the third leading cause of death in the United States. Information technology has come late to health care delivery.

Health Care 8

Health Care Innovation Creativity Guidelines 8

Harvard Business Review

JULY 18, 2012

These people are the information economy's mom and pop business owners , just more technologically leveraged and profitable than their brick & mortar predecessors. The innovations that made these companies worth billions of dollars could be classified as computer hardware and software infrastructure. The formula worked.

Venture Capitalist 16

Venture Capitalist Software Entrepreneur Engineering 16

Harvard Business Review

JULY 18, 2012

These people are the information economy's mom and pop business owners , just more technologically leveraged and profitable than their brick & mortar predecessors. The innovations that made these companies worth billions of dollars could be classified as computer hardware and software infrastructure. The formula worked.

Venture Capitalist 16

Venture Capitalist Software Entrepreneur Engineering 16