Areas of Expertise
- Community-Based Care & Services
- Outsourced Services
- Managed Care
- Medical Devices
- Research Tools & Technologies
- Contract Design & Manufacturing
Healthcare spending represents nearly 20 percent of annual US gross domestic product and is one of the most complex and dynamic sectors of our economy. Many providers, including hospitals, community health services, and medical device manufacturers coexist within this vast network. Outsourcing specialized IT and clinical functions has become increasingly common as healthcare companies aim for operational efficiency, which can be particularly challenging for large organizations faced with rising administrative costs to cope with complex insurance coding and regulatory compliance.
Within healthcare, life science innovation is accelerating at an unprecedented rate. Advances in genomic and proteomic research, emerging cell and gene therapies, not to mention the convergence of the biological sciences and information technology are all contributing to rapid changes in clinical practice. The inherent complexities associated with its evolution have necessitated organizations of greater technological depth. Increasingly there has been a reliance on collaboration and partnership to realize the promise of these advances. These developments are advantageous not only to established companies, but to startups that are especially sensitive to the cost pressures of an extremely high-risk, high-reward industry.
