We in the healthcare industry find ourselves searching for solutions amidst a maelstrom of change. The issues we are facing have been building over time – changing demographics, reimbursement reform, increasing consumerism, and innovative market entrants.
And now all players, no matter how large or historically successful, are being forced to carefully navigate these challenges not just to thrive but simply to survive. This need to stay relevant in the changing market place is prompting large investments and shifts in business strategy. While bold moves are to be expected and in many cases are necessary, even more foundational to business continuity is a clear and truly comprehensive view of the risks your organization faces and your readiness to tackle them.
Before we start sprinting to new business strategies, let’s walk through the variety of factors that must be considered before enacting a strategic vision. Only by first comprehensively understanding your organizational maturity can you expect to face the strategic challenges across the healthcare landscape and ensure you are positioned to successfully deliver on the organization’s core mission – the care your patients need. The rapidity of change we are seeing in the health care industry makes it critical to analyze your organization’s position and chart a path forward now, before available options disappear.
© 2019 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.