1. Global Healthcare Innovations
Kristin-Ann Cronjé
02 October 2015

2. Innovation

3. What is innovation?
Innovation is not invention. It also requires:
Understanding customers’ needs.
Working with partners to deliver innovation.
Paying for itself over time.
Innovations need to “earn their keep”.
Return value to the enterprise.
Be self-sustainable.
Very little innovation is truly “new”. Usually, innovations require an elegant combination of things that already exist.
The most powerful innovations look beyond products. They encompass:
New ways of doing business.
New systems of products and services.
New interactions and forms of engagement with customers.
“Innovation is the creation of a viable new offering.”
Larry Keeley, Ryan Pickel, Brian Quinn, Helen Walters, Ten Types of Innovation: The Discipline of Building Breakthroughs
“Any combination of activities or technologies that breaks existing performance tradeoffs in the attainment of an outcome, in a manner that expands the realm of the possible.”
Michael Raynor, co-author of The Innovator’s Solution
The convergence of health care trends, Innovation strategies for emerging opportunities, Deloitte Centre for Health Solutions
© 2015 Deloitte Touche Tohmatsu Limited

4. The current healthcare environment

5. Key issues in global healthcare
2015 Global health care outlook: Common goals, competing priorities. Deloitte, January 2015
© 2015 Deloitte Touche Tohmatsu Limited

6. Issue 1:
Pressure to contain costs, but at the same time, demonstrate sustainable value, is coming from all sides
Ageing population
Increased chronic disease prevalence
Growth of emerging markets
Austerity measures
Overuse of services
Advances in treatment and technology
2015 Global health care outlook: Common goals, competing priorities. Deloitte, January 2015
© 2015 Deloitte Touche Tohmatsu Limited

7. Issue 1:
Dynamic market forces are requiring providers and funders to rethink traditional business models
2015 Global health care outlook: Common goals, competing priorities. Deloitte, January 2015
© 2015 Deloitte Touche Tohmatsu Limited

8. Issue 1:
Digital HIT advances are transforming the way in which stakeholders interact.
Health information technology (HIT) includes:
Electronic health records
mHealth applications
Additive manufacturing (AM)
Artificial intelligence (AI)
Diagnostics
Wearables
Predictive analytics
Digital innovation can help with:
New diagnostic and treatment options
Increase process efficiencies
Reduce costs
Connect developed and emerging markets
2015 Global health care outlook: Common goals, competing priorities. Deloitte, January 2015
© 2015 Deloitte Touche Tohmatsu Limited

9. Issue 1:
The complex and evolving healthcare landscape requires regulations to keep up for patient health, safety and privacy.
Increased regulatory scrutiny
Growing consumerism
Media scrutiny
Coordination across agencies and regions
Rapid clinical and technology changes
Focus on drug and patient safety
Push for greater payment transparency
Need to manage security breaches and cyber attack
2015 Global health care outlook: Common goals, competing priorities. Deloitte, January 2015
© 2015 Deloitte Touche Tohmatsu Limited

10. Innovation around the world

11. Bio-sensing wearables
Growth in bio-sensing wearables is expected to increase
DRIVEN BY:
Personalised care
Monitoring drug adherence
Precision medicine
Consumerism
BUT:
Only work in conjunction with well-designed software (apps)
Should be unobtrusive and easy to use
Health and Life Sciences Predications 2020, Deloitte Centre for Health Solutions, 2014

12. Additive manufacturing
3D Printing:
New life-like prosthetics
Blood vessels for use in surgeries
Printing skin cells directly onto wounds
“Practice makes perfect” surgeries (including scenario testing)
Next up: 4D printing – products can adapt to environmental changes
Smithsonian.com, Jan. 6, 2014; World Economic Forum, weforum.org, March 4, 2015
© 2015 Deloitte Touche Tohmatsu Limited

13. Moving health into the home
Doctor-patient interactions are virtual, monitoring is constant, and care is delivered in the home
Patient Knows Best (PKB):
Cloud-based, patient-owned, healthcare record system. Real-time monitoring of vital signs, linked to the PKB website. Alerts sent to patients and doctors if results are outside the norm
New business models
Empower and inform patients through self-management
Reduce costs through lower hospital days, fewer unnecessary consultants
Allow for early detection of deterioration in patients’ conditions
Peace of mind for caregivers and families (home care for the aged)
Health and Life Sciences Predications 2020, Deloitte Centre for Health Solutions, 2014
© 2015 Deloitte Touche Tohmatsu Limited

14. Big data and predictive analytics
Health and Life Sciences Predications 2020, Deloitte Centre for Health Solutions, 2014
© 2015 Deloitte Touche Tohmatsu Limited

15. Overcoming the lack of health infrastructure in Africa
Health and Life Sciences Predications 2020, Deloitte Centre for Health Solutions, 2014
© 2015 Deloitte Touche Tohmatsu Limited

16. The Hype Cycle
© 2015 Deloitte Touche Tohmatsu Limited

17. What are the challenges?

18. Challenges Initiation costs can be prohibitively expensive
Safeguarding information security and privacy
Resistance to change
Building trust of patients
Accessibility and equality of access
Innovation creates the need for more innovation!

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