The DNA of Disruptive Innovation

For the past 30 years pharma has thrived on big molecule breakthroughs and savvy marketing, but that model has been challenged by an environment of skyrocketing health care spending, rising development costs and intensifying competition from generics. Clearly, pharma needs a way to rethink its business—change its DNA—and re-invent and renew itself by rethinking the entire end-to-end value chain.

The Big Five

A.T. Kearney’s Chris Paddison outlined five factors driving disruptive change in health care.

  1. The current model of health care in the U.S. is unsustainable. “We simply don’t have enough money to continue the way we’ve been going, and that will drive inevitable system changes,” asserted Paddison.
  2. Government’s role is expanding. Long a primary payer and regulator of the industry (thanks to Medicaid and Medicare), the U.S. government is poised under the Affordable Care Act (ACA) to take on an even larger role.
  3. The industry is moving toward more patient-centric healthcare. The ACA’s mandates around integrated care and accountability will, in turn, “require greater transparency, IT integration and more cooperation and coordination among players in the system,” explained Paddison.
  4. Global growth opportunities are emerging. Pharmaceutical and medical device companies have an opportunity to expand market share overseas.
  5. Innovation continues to accelerate. Advances in fundamental science—biology, computer science, computational science—will continue to drive the development of new health care products.

Roundtable Participants

Brett Coleman, Co-Founder, Waypoint Health Innovations • Kenneth L. Davis, M.D., CEO, The Mount Sinai Medical Center • J.P. Donlon, Editor-in-Chief, Chief Executive • Donna Drummond, Chief Administrative Officer, North Shore-LIJ Health System • Michael P. Gutnick, SVP and CFO, Memorial Sloan-Kettering Cancer Center • Zaki Hosny, CEO, Motif Biosciences • Ashish Kachru, CEO, Altruista Health • Rajeev Kapoor, Partner, A.T. Kearney • Chris Paddison, Partner, A.T. Kearney • Daniel Regan, Chief Commercial Officer, Intercept Pharmaceuticals • Michael Wise, Partner, A.T. Kearney


MORE LIKE THIS

  • Get the CEO Briefing

    Sign up today to get weekly access to the latest issues affecting CEOs in every industry
  • upcoming events

    Roundtable

    Strategic Planning Workshop

    1:00 - 5:00 pm

    Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

    Executives expressed frustration with their current strategic planning process. Issues include:

    1. Lack of systematic approach (70%)
    2. Laundry lists without prioritization (68%)
    3. Decisions based on personalities rather than facts and information (65%)

     

    Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

    To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

    New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

    Women in Leadership Seminar and Peer Discussion

    2:00 - 5:00 pm

    Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

    Limited space available.

    To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

    Golf Outing

    10:30 - 5:00 pm
    General’s Retreat at Hermitage Golf Course
    Sponsored by UBS

    General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

    The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

    To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.