compensation strategy

Wednesday, January 12th 2022

This week in
Consulting

Time for Medtech to be more connected and more Intelligent

Editorial

EVERYTHING is connected, according to Dirk Gently, the eccentric protagonist of the TV series, Dirk Gently’s Holistic Detective Agency. As it seems, all medical devices will soon be.
Welcome to the age of Connected Healthcare!

MedTech has reached a level of maturity where we can collect, analyze and transmit patient data in real time, allowing for remote monitoring of chronic diseases, better diagnosis and treatment of health issues. AI-powered sleeping aids no longer reside exclusively in the pages of Sci-Fi. Even your doctor is now connected for a virtual diagnosis. No wonder, the Internet of Medical Things (IoMT) is estimated to be worth $158 billion in 2022.

From AI-enabled triage in emergency rooms to tools for improving efficiency and accuracy in radiology, MedTech innovations are revolutionizing the medical field. In this issue of “This Week in Consulting,” we explore the implications of these advancements for healthcare industry stakeholders, professionals as well as patients, and what is expected over the next few years. We also look at the threats to data privacy and the critical role that cyber security will play.

Happy reading!

Laurent THOMAS

Laurent THOMAS

Chairman Consulting Quest

This week’s must read

This Week’s Must Read is an insight piece from John Haughey, Karen Taylor, Michael Dohrmann and Glenn Snyder, Deloitte on how connected medical devices are transforming health care.

Medtech and the Internet of Medical Things

In this Information Age, data rules supreme and the Internet of Medical Things (IoMT) technologies bring the power of data to healthcare through an eco-system of connected medical devices, software and services that have the ability to garner, process and transmit data. This smart ecosystem is steadily building up a connected healthcare infrastructure, which is expected to deliver better patient outcomes, and reduce health care costs among the others. Is the Medtech sector ready for this paradigm shift? How can medtech companies they reap the opportunities? A research team at Deloitte examines all these questions and more.

John Haughey, Karen Taylor, Michael,Dohrmann and Glenn Snyder@Deloitte

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This week’s media

In 2021, the Pandemic only accelerated some of the established trends in digital health. In 2022, we can expect to even more emphasis on AI solutions, remote care and at-home tests, with the point of care shifting to wherever the patient is. With these trends in mind, watch this video to know about five amazing innovations that are going to penetrate the healthcare landscape this year.

Thought Leadership

Medical Device Cybersecurity: Human Factors Use-Related cybersecurity considerations — Agilis Consulting Group

As connected medical devices become increasingly a part of our daily lives, the nodes of connectivity rise exponentially. This rise in connectivity ensures greater access to health and medicine, but also provides exploitable access points for health data or even the devices themselves to become compromised. It is up to healthcare decision-makers to ensure the integrity of a new application. This article discusses various aspects of designing, assessing, and managing the risk of new devices keeping customers in mind, and more.

Lauren Jensen@Agilis Consulting Group

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Clinical Integration in the Era of Virtual Care

The Covid-19 pandemic has suddenly drawn our attention to the benefits of virtual consultation and telemedicine. Against this backdrop, multiple non-traditional competitors have entered the scene, starting to already disrupt the healthcare space. In response, traditional health systems are also adopting measures to effectively compete with national telehealth vendors. What are some of the strategies that the traditional healthcare industry should adopt to prepare itself for a new era of virtual healthcare and telemedicine?

Asif Shah Mohammed and Laura Barrera@ECG Management Consultants

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Leveraging the Power of Advanced Technologies and AI to Improve Efficiencies Across Radiology

In this Industry 4.0 era, AI technology is rapidly transforming the operations and business models across sectors, including healthcare. Radiology is one of the medical fields which has been benefitted by the adoption of AI. From processing a large volume of image data to improving the accuracy, radiology has many applications of AI, resulting in improved patient experience. This, in turn, has opened up the possibilities of newer innovations and business opportunities. This article offers some food for thought on the advancement in AI-driven medical imaging and its positive impact on patient outcomes.

@GE Healthcare

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Connected Medical Devices: Thriving opportunities for better healthcare (Part I) – Consulting Firm in Pharmaceutical, MedTech & Healthcare

Out of the boundaries of laboratories, connected medical devices are increasingly used in routine patient care. These devices are of key interest for healthcare stakeholders, as all players across the healthcare value chain are expected to benefit from these breakthrough devices — the patients, the medical staff, and ultimately, the global healthcare system as a whole. This article examines how connected MDs contribute to value creation through the four different levels of the patient’s journey, namely, prevention, diagnostic, treatment, and monitoring.

Marc-Olivier Bévierre@CEPTON strategies

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This week’s consulting news selection

Capgemini Will Expand Operations to Nashville

Capgemini is all set to launch a delivery center in Nashville, Tennessee. This new center will create as many as 1,500 jobs in technology areas, including cloud computing, artificial intelligence (AI), and machine learning. | @Capgemini

Mallery Technical Training and Consulting, Inc. is now part of ArcherHall

Mallery Technical Training and Consulting, Inc., a pioneer in the field of computer forensics is now a part of ArcherHall. The digital forensic sector will definitely gain from this merger. But will it benefit Mallery clients? | John Mallery@Mallery Technical Training and Consulting

FTI Consulting Promotes 18 Professionals to Senior Managing Director in the Corporate Finance & Restructuring Segment

The global business advisory firm, FTI Consulting, Inc recently announced promotions of 18 of its employees to key management positions. This step, the firm expects, will uphold its commitment of helping clients meet and anticipate challenges and opportunities and maximize value for the future. | Carlyn Taylor@FTI Consulting

Gartner Says 20% of Large Enterprises Will Use Digital Currencies by 2024

The research and consulting giant, Gartner, Inc has predicted that 20 percent of large organizations will use digital currencies for payments, stored value, or collateral by 2024, What are the implications and overall economic significance of this prediction for the years ahead? | Justin Lavelle and Meghan Rimol @Gartner

More news

Laurent Thomas

Chairman and Co-founder at Consulting Quest | + posts

Laurent is the Chairman and Co-founder of Consulting Quest. Focused on greater value creation, and being thoroughly familiar with Consulting, Laurent has sourced and sold millions of dollars worth of Consulting over the course of his career. Prior to joining Consulting Quest, Laurent was Executive Vice President Oil and Gas at Solvay and Senior Partner Transformation at Oliver Wyman.

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