Oliver Wyman Health

While leaders look for opportunities to deploy and scale breakthrough technology, they must still find solutions for one of the most vexing problems ailing healthcare — health equity. Speaker after speaker at the Health Innovation Summit noted the disparities that exist across the nation. Read our final recap > https://owy.mn/3TBK0Gd #OWHIC #healthcare #HealthEquity

Unrelenting financial pressures are squeezing health systems like never before. As we face the reality of reducing costs by 15%-20% over the next five years, many leadership teams are caught in a cycle of incremental changes that often miss the bigger picture. But what if leaders could shift their focus? What if optimizing the basics could lay the groundwork for long-term sustainability? Five key levers that health system leaders can pull to achieve annual cost reductions of 5% to 7% > https://owy.mn/40cozzu #HealthcareLeadership #CostReduction #OWHealth

Building a system-owned medical group to enhance coordinated and integrated care sounds promising, especially with 77% of physicians now employed by hospitals. However, many system-based medical groups struggle with profitability and delivering improved clinical performance and patient experiences. To unlock substantial value, health systems should adopt intentional strategies that focus on these three key tactics > https://owy.mn/4eK3BN1 #OWHealth #HealthSystems #healthcare

The adoption of artificial intelligence in healthcare is gaining significant momentum, as organizations increasingly recognize its potential to streamline workflows and empower staff to focus on high-value tasks. Here, Terry Stone sits down with Amy Waldron, Global Director of Healthcare and Life Sciences Solutions at Google Cloud, to discuss the importance of engaging a diverse group of leaders and ensuring that AI initiatives are aligned with the organization’s overall strategy. While there is no one-size-fits-all blueprint for deploying AI, the greatest risk that leaders face is inaction. More on what it takes to successfully deploy AI here > https://owy.mn/4h8a7yC #OWHIC #OWHealth #AI

In 2025, more than 1.8 million Medicare Advantage members will encounter plan closures. This significant shake-up in the Medicare Advantage landscape is driven by several key factors, including the redesign of the Part D benefit, lower benchmark rates, the transition to the v28 Risk Adjustment model, and rising medical trends. Read more > https://owy.mn/4ePzAvi #OWHealth #medicare #MedicareAdvantage

As America ages, the long-term care challenge looms large, with financial pressures rippling across healthcare and government. With the senior population projected to reach 82 million by 2050, the need for sustainable solutions is urgent. Why a collaborative approach involving government, payers, providers, and communities to tackle these challenges is needed > https://owy.mn/4819oed #OWHealth #healthcare #aging

Leaders at #OWHIC tackled the industry’s most pressing challenge: health equity. With AI-driven advancements in preventive care and genetic testing, there’s potential to bridge gaps in access and outcomes across diverse communities. AI is accelerating innovation, but how can it be harnessed to ensure equitable, efficient, and compassionate care? Read more here > https://owy.mn/4eYIs1f #AI #OWHealth

Who are the healthcare innovators making positive change in the space? Our Innovation in Action Showcase at #OWHIC highlighted several leaders. Learn more > owy.mn/4dDCMJ2 #OWHealth #healthcare

The healthcare industry is at a critical crossroads, with costs escalating and the care system strained. To achieve savings of $1 trillion by 2035, stakeholders must tackle labor costs, administrative burden, and high drug prices. Our Designing for 2035 project presents an alternative for a more sustainable and equitable healthcare system. More on this and additional takeaways on cost savings from our #OWHIC speakers > https://owy.mn/4eoIjnRw #OWHealth #healthcare

It’s a question many people in healthcare are asking these days: How can artificial intelligence help the individuals we serve? Visitors to the Inspiration Experience at this year’s Oliver Wyman Health Innovation Summit gained insight into some of the answers. The Inspiration Experience, a hands-on exhibit, guided visitors through three use cases for AI and how it can enhance patient care and the overall patient experience. More insights on AI applications > https://owy.mn/3TOrdYj #AI #OWHealth