Healthcare costs have been increasing at well above the rate of inflation for almost two decades, and the industry is often weighed down by a mix of regulations, bureaucracy, and expensive, time-consuming R&D.
Avasant advises the entire spectrum of healthcare organizations – healthcare providers (including hospital operators, clinics, primary care networks) and healthcare payers (including healthcare insurance providers) – helping address the key challenges of meeting regulatory requirements, payer-provider convergence, clinical systems integration, interoperability, population health management, regulatory and security mandates. As both payers and providers aim to achieve clinical systems integration and analytics, Avasant consultants are assisting in optimizing business processes and identifying and implementing solutions that are scalable, and support new technologies such as cloud-based models.
Payers: Regulatory mandates and shifting consumer mindsets require payers to continuously transform. Avasant helps payers to be nimble and cost-effective through adoption strategies for next generation digital (SMAC) technologies, and provides solutions for cost optimization through price benchmarking and ITO & BPO sourcing.
Providers: With new operating models coming from the Affordable Care Act and high concerns on data ownership, security and privacy, Avasant enables providers to refine technology strategy, improve local service delivery capability and optimize IT infrastructure operations.
Avasant understands the current Life Sciences industry environment in which organizations have to deal with a complex regulatory landscape and advises the entire gamut of biotechnology companies, pharmaceutical drug makers, medical device makers and other life sciences firms to successfully leverage technology services.
Avasant partners with Lifescience firms in their Digital Medicine journey of streamlining innovation in research ventures and collaborating on open platforms, leading to a better understanding of health, disease, and, ultimately, improved diagnoses and treatment.
Biotech/Pharma: Biotech and Pharma companies operate in a highly regulated environment which requires focus on Research & Development, and large scale production. Avasant provides Sourcing Advisory services with specific emphasis on industry regulations.
Medical Devices: Avasant’s advisory services in IT Transformation and Sourcing enable medical device makers to achieve the dual objectives of innovation as well as efficient operations.
“Avasant has done a great job in helping Allergan develop a comprehensive strategy for our Global Application Development and Support Team. The strategy had many components that will lead us to becoming a best practice organization…We are very satisfied with the Avasant RFP process, our vendor selection and are looking forward to achieving 35% savings by year 2.”
Vice President Global Application Development & Support
Global Pharmaceutical Company
Client Case Study
Patient care is not a linear relationship between medical professional and patient; it involves the integration of secure and correct medical records, facility offerings, staff, and treatments. A regional healthcare delivery network saw the merging of technology and medical capabilities as a gateway for improved care. We conducted a holistic assessment of their environment, taking into account regulation, safety, technology and policy to produce a comprehensive technology investment strategy. Through the alignment of IT capabilities and business needs, our client was not only able to better support their patients, they reduced costs and increased efficacy. Implementing advanced technologies has better equipped our client to care for its 350,000 patients annually.