The healthcare challenge
Healthcare is expensive, with a proportion of chronically ill patients using much of the resources, and payment for today’s model is not sustainable. More efficient, personalised healthcare and precision medicine is required to ensure value for money in outcomes, as well as more effective management of healthcare resources.
The future of healthcare is personalised
In the near future, more patients will be treated with interventions that are specific to their unique individual needs and are:
Predictive: as we understand more about our biology and disease, we are detecting biomarkers that can identify individuals predisposed for certain illnesses. In time, we will become much more accurate in predicting who will develop disease, and the probable outcome of treatment
Preventive: if we can be predictive, then prevention becomes much more possible, if not routine. This will create a very different model of healthcare that focuses on earlier intervention, and is based on new therapeutic approaches to avoiding ill health. Diagnostic detection of people at risk of disease, whether in the near term or decades in the future, will have a significant and positive impact on how medicine is practiced
￼Personalised: with our improving insights into biology and disease, we will see specific therapeutics and disease management to improve the patient’s outcome. These tailored treatments hold the promise of reduced side effects. The long-term, real-time diagnostic monitoring of outcomes will further contribute to the realization of fully personalized healthcare
Participatory: technology has increased our ability to communicate and share via social networks and online communities. This trend will increase, and new tools and platforms will be created that allow individuals to access information on their disease, share it with others in a similar situation, and gain insights into lifestyle and behavioral factors that empower them to take greater control of their health and manage their illness.
Future data-driven treatments will be based on a deep understanding of diseases, and enabled by diagnostic advances that provide actionable information for healthcare professionals, payers and the patients they serve, within the model of precision medicine.
The healthcare and life sciences industry sees the use of informatics and big data as key drivers for precision medicine and their business growth will come from investment in innovation and digital capabilities. Those innovative companies will require strategic support, smart business planning and management and they will be desperate for skilled and talented staff who can translate the data; cleaning, integrating and extracting value from it.
Transformative technologies in life sciences
Forward-thinking pharma companies are moving beyond pilots and focusing on how new technologies and informatics can improve the care of patients.
Informatics and big data, in conjunction with Artificial Intelligence and machine learning, can solve many challenging problems in healthcare. By using algorithms that learn to recognise patterns from historical facts, the life sciences industry can drive innovation and accelerate products to market;
technologies driving digital transformation in life sciences:
Artificial Intelligence (AI): AI is just beginning to be applied in life sciences to help with intelligent use of data, to generate insights for patients and their community of caregivers. It has the potential to revolutionize diagnoses, treatment planning, patient monitoring, and drug discovery.
Internet-of-Medical-Things (IoMT): The rising number of connected medical devices – together with advances in the systems and software that support medical grade data and connectivity – have created the IoMT. Portables, wearables, ingestible, and implantable devices can monitor health information, engage patients and their community of caregivers, and deliver therapies autonomously. Connected and cognitive devices are transforming diagnosis and the way patients are treated and monitored.
Software-as-a-Medical-Device (SaMD): Software is changing how clinicians practice medicine, how consumers manage their own health, and how patients and providers interact. SaMD is a software that provides one or more medical functions and is usually embedded in hardware. The algorithms powering SaMD are already proving better than some clinicians’ diagnoses.
Blockchain: Blockchain has emerged as a potent solution to aggregate data with ease and share it securely in an automated and error-free way. This decentralized digital technology holds the potential to enable more confidential patient data sharing.
3D printing: This technology can produce customised, 3-dimensional structures composed of biological and industrial materials, in the process creating organ replacements, personalised prosthetics and precision medication dosages. Gait analysis (the kinematic and kinetic analysis of locomotion) software and computational fluid dynamics (CFD) software in combination with 3-D imaging and printing enhances the creation of new innovative tools and personalised applications for better patient care.
Telemedicine and virtual care: Tools that provide at-home convenience can also help with faster diagnoses and provide 24/7 access to health coaching and monitoring.
Clinicians will carry out virtual video visits with their participating patients using dedicated video visit software, enabling to expand their reach to help even more patients.
Future of mobility: The emergence of connected, electric, and autonomous vehicles will bring another transformation in the pharma world by expanding mobility and thereby, access to care and democratization of clinical trials.
What we do and how we contribute
In Residence Senior Business Development and Strategy Management
We offer hands-on business development and strategy consultancy, adding value to management and leadership teams of scale-up life sciences and digital health Companies.
We want to contribute to make precision medicine a reality by supporting companies employing advanced and data-driven technologies, analytics, wearables, software and information platforms for earlier clinical diagnosis and targeted treatment.
We provide capabilities for implementing your strategies and transformation projects from ideas to actionable results:
we help with
Business Planning and Management
Marketing and Sales
Why we differentiate:
we take it and we make it personal
We differentiate with best in-practice consultancy connecting different capabilities from strategy formulation to implementation, at cost-beneficial level.
We advise how best to build the next-generation workforce to implement the spearheading changes to the industry, such as informatics and big data.
We formulate business models to deliver better patient-centric care, empowering precision medicine; transitioning from selling products and services to selling prevention and managing outcomes.
we support data-driven technologies and services for improved health decision
We embrace challenging changes, transformations and information management systems that drive high quality healthcare and management of rising healthcare costs.