Will YOUR Organization survive the Chronic Care Services Transformation?

Surviving the Shift: Is your Company Thriving Amidst Rapid Changes in the Chronic Disease Management?

The healthcare industry is at a pivotal moment as costs soar and the population ages. Now, more than ever, there is a dire need for effective chronic disease management solutions. As the healthcare industry wakes up to the potential of digital technology, the opportunities for transformation in chronic care are endless. With the convergence of megatrends and cutting-edge technologies, we are witnessing a seismic shift in the way chronic care is delivered, managed, and monitored. From personalized medicine to digital health to telemedicine to health informatics, chronic care landscape is rapidly evolving, and companies need to adapt to stay competitive.

• Is your company prepared for the major transformations that lie ahead?
• What steps are you taking to keep up with the competition?
• What are the megatrends driving this transformation?
• What are the disruptive and innovative technologies that are driving this transformation?

From remote patient monitoring and personalized treatment plans to predictive analytics and virtual care, the potential for transforming the landscape of chronic care seems boundless. This transformative era is characterized by the seamless integration of data, advanced algorithms, artificial intelligence (AI), and telemedicine, empowering healthcare professionals to make more informed decisions and enabling patients to take an active role in their own care. With each passing day, we are witnessing the emergence of innovative solutions that have the power to improve outcomes, enhance patient experiences, and ultimately, redefine the standard of care for chronic conditions.

The message resounds with clarity: the era of sluggish progress is now behind us. Failing to adapt and remaining stagnant will lead companies down a path of irrelevance, as their own inertia crushes them. To maximize usability and value, healthcare stakeholders need to prioritize chronic conditions and utilize data integration, leveraging device, app, and electronic health record data for analytics. 

• What steps are your organization taking to ensure effective data integration within the healthcare system?
• What investments or partnerships are you pursuing to support the integration of device, app, and electronic health record data for analytics in the healthcare sector?

Join us, and together, let us embark on this transformational journey!

Embark on a journey of exploration, discovery, and growth, where we will confront upcoming challenges and seize opportunities with unyielding curiosity and determination. We will actively engage, discuss, share, and collaborate to create a safe space for open dialogue, where ideas can flourish, and new possibilities can take root. Together, we will co-create strategies that defy the norm and embrace the uncharted territories of innovation.

As we journey into the future, we will confront the pressing questions:

• Is your company prepared for the major transformations that lie ahead?
• What strategies or initiatives are your company implementing to capture market share and expand your reach?
• How do you identify and evaluate potential growth opportunities?
• How can you balance short-term growth objectives with long-term sustainability and value creation?
• How do you engage and align your workforce to support and drive the company’s growth agenda?

Our transformation journey is fuelled by four powerful components, ensuring your success in navigating the ever-changing landscape of healthcare industry.

• Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
• Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
• Join Frost & Sullivan’s Growth Council and gain access to think tanks focused on the transformational growth strategies of the healthcare & life sciences industry.
• Designate your company as a Company to Action to increase exposure to investors, new M&A opportunities, and other growth prospects for your business.

Act now to thrive in the face of industry transformation!

Empowerment for Seamless Living: Is Your Organization Empowering Individuals to Manage Chronic Conditions and Lead Uninterrupted Lives?

The transformation in chronic disease management is an enduring wave of change that will permanently revolutionize how we approach and manage chronic conditions. It will foster a culture of wellness, empowering individuals to take control of their health and creating a paradigm shift in chronic care management. This transformative journey incorporates personalized care plans, advanced medical technology, telemedicine, data analytics, and patient engagement. By embracing this wave, individuals can experience lasting improvements in quality of life, achieving sustainable health outcomes.

How is your organization incorporating personalized care plans and advanced medical technology to enhance chronic disease management outcomes?

Transforming Chronic Care: Personalized Solutions, Risk Management, and Empowered Individuals

The transformation in chronic care disease management is poised to empower individuals to manage their chronic conditions and daily lives without interference. This empowerment is achieved through delivering value and managing risk effectively.

• Personalized Care Plans: Delivering value involves creating personalized care plans that will address the specific needs of individuals, considering their medical history, lifestyle, and preferences. By tailoring the care, healthcare providers will equip individuals with the necessary tools and support to actively engage in their own care, enabling informed decision-making and self-management.

What challenges or barriers have you encountered in tailoring care plans to individual needs, and how are you addressing them?

• Proactive Risk Management: Managing risk is a crucial aspect of this transformation. Healthcare providers will need to proactively identify potential complications, anticipate challenges, and implement preventive measures to minimize the impact of chronic conditions on individuals’ lives. By addressing risks in advance, individuals will gain confidence and knowledge, enabling them to navigate their daily lives with minimal disruption.

How does your organization utilize data analytics and predictive modelling to manage risks, address potential complications, and minimize disruption caused by chronic conditions?

Overall, the transformation in chronic care disease management will need to establish a partnership between individuals and healthcare providers, enabling individuals to confidently manage their chronic conditions while ensuring their needs are met effectively and efficiently.

 Join us, and together, let us embark on this transformational journey!

Welcome to a journey of exploration and collaboration. Let’s co-create strategies to transform the future of healthcare.

As we journey into the future, we will confront these pressing questions:

• How does your organization prepare for industry transformations and what strategies do you have in place for adapting to changes?
• To capitalize on emerging growth opportunities, what partnerships are your organization considering or actively pursuing?
• How does your organization leverage best practices in chronic care management to enhance patient outcomes and achieve cost reductions?
• How is your organization planning to boost visibility among investors, actively pursue new M&A prospects, and identify potential avenues for business growth?

Our transformation journey is fuelled by four powerful components, ensuring your success in navigating the ever-changing landscape of healthcare industry.

• Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
• Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
• Join Frost & Sullivan’s Growth Council and gain access to think tanks focused on the transformational growth strategies of the healthcare & life sciences industry.
• Designate your company as a Company to Action to increase exposure to investors, new M&A opportunities, and other growth prospects for your business.

Act now to thrive in the face of industry transformation!

Are Intuitive Data Platforms the Key to Driving Growth in Chronic Care Management?

Navigating through the volumes of data critical to chronic care involves finding, organizing, and making sense of it all. This includes harnessing remote monitoring devices, continuous monitoring solutions, wearables, and interconnected technologies. These tools serve as data streams that provide insights into patient health beyond hospital confines, empowering both patients and healthcare providers. To ensure the most up-to-date and accurate data, it’s essential to establish systems that pull information from every available source. By amalgamating these technological advancements and data sources, businesses can effectively drive growth prospects, optimize patient care, and remain at the forefront of chronic care innovation.

Amid this dynamic and transformative environment, are you using a highly intuitive data platform to outpace your competitors?

What strategic imperatives necessitate the demand for a secure, comprehensive, and customizable data platform?

Accelerating growth is the primary objective for all chronic care companies, yet many struggle to determine where to start. Crucially, data plays a vital role in this endeavor. Identifying the right data points, accessing growth analysis, pinpointing key megatrends, and translating insights into actionable strategies can pose significant challenges for most.

Can Frost & Sullivan’s Growth Generator be your preferred partner for customized growth opportunities and innovative strategies?

Our Growth Generator platform offers unparalleled global data intelligence and analysis, featuring smart visualizations and dashboards. Covering different segments, regions, and countries – all updated monthly – the platform enables effortless viewing, comparison, and analysis.

Partnering with Frost & Sullivan’s Growth Generator offers unmatched advantages for your business:

• Comprehensive Intelligence: We begin with verified data from 119 countries and thousands of companies, enhanced by strategic industry indicators and emerging trends.
• Innovative Opportunities: Gain fresh perspectives and uncover new industry opportunities with Growth Generator. Visualize new business models, develop compelling use cases, and identify growth partners.
• Customizable Data: Adapts to your evolving vision and regional priorities while ensuring data privacy and compliance.
• Unlimited Support: Access a dedicated Growth Team for personalized guidance at every stage, including a value-added growth expert-as-a-service option.

Has your team identified the key strategies to handle data overload and drive growth in chronic care?

A Glimpse of the Medical Imaging Growth Generator:

Frost & Sullivan’s Medical Imaging Growth Generator includes comprehensive global and regional data, offering a wide array of features ranging from visual representation of data to multimodal analysis. Covering 8 medical imaging modalities, 4 regions, and 15+ countries, it enables effortless viewing, comparison, and analysis of growth opportunities.

Need clarity on how Frost & Sullivan can assist your team in utilizing the Growth Generator for Chronic Care growth opportunities? Connect with our experts for more details.

Growth Perspectives: Key Highlights from ECR 2024 Summit in Vienna

Frost & Sullivan’s experts had the privilege of covering the latest developments at the European Congress of Radiology (ECR) 2024 summit in Vienna. If you missed attending this event, here are some of key points and observations from the 5-day conference:

Which companies are actively innovating solutions for point-of-care imaging and sustainability?

The sessions on “Multimodality cardiac imaging from diagnosis to therapy planning” and “Shaping the future of Diagnostic Imaging” served well to address unmet needs for precision health and women’s health and chronic care sector.

Embracing Sustainability: Innovative Solutions Creating Impact

• Fujifilm presented Echelon Synergy MRI system, its 1.5 Tesla superconductive scanner, which offers low power and zero helium consumption, ultra-fast exam times, and employs artificial intelligence (AI)-powered features to enhance the image quality and improved scanning speed.
• Siemens launched MAGNETOM Flow, which has Siemens helium-free DryCool Technology and significantly reduces energy consumption.
• Canon launched its Aplio Me ultrasound system, which is portable, easy to navigate and use, and also consumes less energy.

Transforming Mobile Imaging: Enhancing the User Experience

• GE Healthcare showcased the latest advancements in Invenia ABUS 2.0, its US FDA-approved ultrasound supplemental screening technology specifically designed for detecting cancer in dense breast tissue. The company also showcased the Mobile Invenia ABUS 2.0 solution which allows mobile (point-of-care) imaging services with use of the Mobile ABUS Fixation Bracket.
• Shimadzu Europe displayed MobileDaRt Evolution MX8c, its advanced digital mobile X-ray system.
• Carestream showcased its DRX-Rise Mobile X-ray System, which is lightweight, has long-lasting lithium battery and offers its ImageView Software, powered by Eclipse, that leverages AI and proprietary algorithms
• KA Imaging displayed its portable X-ray systems – Reveal Portable Package (an analog portable X-ray unit with detector retrofit), Reveal Mobi Lite, and Reveal Mobi Pro (integrated mobile X-ray system).

While these new introductions and innovations are encouraging, companies now must find ways to make these products more accessible by focussing on solutions that work seamlessly at sites with irregular power supply and poor network connectivity.

Integrating AI in Existing Workflows to Increase Accuracy and Efficiency

The sessions on “Radiologists and AI-Powered Health Informatics: Leading the Way in Screening” and “Next generation radiology: cloud-first and generative AI as enablers for the future” serve well to address unmet need to streamline clinical workflows and structure/templatize data to achieve interoperability.

Enhancing Clinician Experience through AI Powered Advanced Visualization

• ConcertAI’s TeraRecon, the advanced visualization and AI Clinical SaaS (Software as a Service) solution launched three AI care suites for cardiology, pulmonology, and neurology for European healthcare providers.
• United Imaging featured uMR Jupiter 5T, its ultra-high field 5T MRI machine at ECR 2024. United imaging also showcased its uAIFI end-to-end technology AI-based platform that is integrated into their MRI systems which significantly improves the image quality and expedites diagnostic processes while enhancing user-friendliness.
• Hologic presented highlights of its Genius AI Detection algorithm that can help radiologists to identify potential cancers on mammograms that were interpreted as normal.

Shifting from an AI First to AI Scale Approach

• b-rayZ launched its DANAI technology, a customizable AI framework that adapts to the need of the end users, enabling the company to cover the entire mammography workflow with custom AI capabilities. DANAI can be calibrated to the needs of each imaging unit to enhance diagnostic accuracy and streamline operations.
• Gleamer demonstrated its AI-copilot designed pave the way for precision medicine by integrating CE approved AI-models –BoneView, BoneMetrics, BoneAge, and ChestView – within the current workflows and increasing the efficiency of the team.
• DeepHealth showcased its ‘one system’ approach to optimize healthcare pathway across the radiology and imaging value-chain – from referral to billing. The DeepHealth OS is a cloud-native open platform that can be integrated with other solutions and used for real-world clinical and screening programs.

We could see start-ups ramping up development efforts to integrate AI to create customizable workflows and platforms, and in the process, complement the portfolio of large companies. Of course, the true test will come in successfully addressing the ROI debate and in educating the clinicians with the knowledge of AI models and governance.

About Frost & Sullivan:

Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides the CEO’s Growth Team with transformational strategies and best-practice models to drive the generation, evaluation, and implementation of powerful growth opportunities. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within your industry’s ecosystem. Our transformation journey is fueled by four powerful components, ensuring your success in navigating the ever-changing landscape of your industry.

• Schedule a complimentary Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
• Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
• Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence your industry.
• Designate your company as a Companies to Action to increase exposure to investors, new M&A opportunities, and other growth prospects for your business.

Written by Nitin Naik, with contributions from Anantharaman Viswanathan and Nitin Manocha.

To explore growth opportunities in medical imaging and radiology, connect with our growth experts at:

nitin.naik@frost.com

anantharaman.viswanathan@frost.com