Becoming Future Ready: Building New Capabilities to Thrive
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Transcript of Becoming Future Ready: Building New Capabilities to Thrive
Becoming Future Readybuilding new capabilities to thrive
Kapil Dev SinghFounder & CEO, Coeus Age
India Healthcare Industryunder served and under developed
Lagging Health
Indicators
Rising Health Expenses
Inadequate and
Underutilized Workforce
Low Scale of PPP
Partial Regulatory Framework
Infrastructure Gaps
Low Growth in Health
Spend by the Govt.
India Healthcare, 2012McKinsey & Co.
Healthcare in India
Leading Digitally, 2015
Smart (Healthcare) Industry6 defining characteristics
Customer Centric
Technology Driven
Regulated (not
controlled)
Competitive AND
Collaborative
Innovative & Disruptive
Systemic Intelligence
Smart Industry
Doctors Target- Supply Hospitals
Individual Patients
Target- Demand
Corporates
Disruptive Forces
Practo.com
eVaidya.com
wellwiser.com
Insurance
Payment
Regulator
Medical Equipments
Diagnostics
IT Solutions
Government
1. The new entrants
2. The lateral entrants
3. The digital market place creators
4. The supply intermediaries
5. The digital institutions
6. The digital advocates
Leading Digitally, 2015
Smart Healthcare Study, 2015
Internal Efficiencies & Effectiveness
Connected Supply ChainEfficiencies & Effectiveness
Connected EcosystemEfficiencies & Effectiveness
Smart Industry, Digital Value Chain
Journey towards Smart Healthcaredisruptive forces, though latent, shall emerge
Traditional Industry, Physical Value Chain
Digital Disruptors
Leading Digitally, 2015
Islands of automation
Integration
Intelligent business system
10%
56%
34%
19%
63%
19%
2016 2015
Smart Healthcare Study, 2015 & 2016N=30/ 16 CIOs
Healthcare, 2015balancing exploration & exploitation
IT Efficiency
IT Security
New Technology
Overhaul Infra
Overhaul Appls
Others
38%
31%
31%
31%
31%
31%
Smart Healthcare Study, 2016N=16 CIOs
Business Growth
Customer Management
Compliance
Efficiency & Productivity
Cultural Alignment
Risk Management
Others
69%
31%
31%
25%
19%
13%
13%
Smart Healthcare Study, 2016N=16 CIOs
Low Focus- Depth HighLow
Focus- Breadth
High
The Growth Agendageo expansion versus services depth
Business focus on the existing set of customers, extension or depth of portfolio , services differentiation
IT focus on customer touch points integration, CRM, analytics, digital innovation, integration across domains
Business focus on both geo expansion and services depth
IT focus on infrastructure consolidation and modernization, applications integration, m2m integration
Business focus on physical/ geographical expansion
IT focus on capacity enhancement, internal operations, integration across premises and with acquired entities
Lack of business focus
IT focus on mandatory regulatory requirements, basic operations
IT Focus Areas• IT infrastructure- building,
consolidation, modernization etc.• Core operations automation,
modernization• Core operations expansion &
integration with merged/ acquired entities• Supply chain integration• eMR• CRM, customer touch point
integration•Digital initiatives (SMAC+,
sensors, m2m)
Smart Healthcare Study, 2016
Healthcare Todayfocus on exploiting the organizational assets
Healthcare Tomorrowharnessing the platform
Initial Stagebut a sure way forward
Fixing Healthcarefrom Inside & Out
• Rigorously applying scientifically established best practices for diagnosing and treating diseases that we well understood
• Using a trial-and- error process to deal with conditions that are complicated or poorly understood
• Capturing and applying the knowledge generated from day-to-day care
RGCI&RCoperationalizing organizational values by digital
Evidence Empathy
Ethics
Doctors
EHR
Processes
AnalyticsCompliance
Practices
Patients
Healthcarebuilding the organization to remain relevant!
• Who?
• When?
• Where?
• What?
1. Manage the care2. Corral variability3. Reorganize resources4. Learn from everyday care
• Fragmented & independent providers
• At the patient’s request
• Specifically configured healthcare settings
• Customized diagnosis and treatment
• Not necessarily doctors always
• Before complications manifest
• Patient’s home or other places he goes to
• Protocol driven diagnosis and treatment
Current Future
Future Path
• Move from process automation focus towards knowledge creation and leverage focus
• Identify, design and build systemic capabilities to operate and compete– Motivate stakeholders to actively participate
• Rejig the organizational design to deal with the paradoxes of– Exploitation and exploration– Patient care quality and affordability– Reach & profitability
Becoming Future ReadyBuilding Capabilities to Thrive
Kapil Dev SinghFounder & CEO, Coeus Age