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Consumers want connected medical devices, but demand for digital experts could put further strains on the talent pool for medtech

by Pedro Arboleda, Managing Director, Deloitte Monitor

This week, my colleagues and I are attending AdvaMed’s annual MedTech Conference. Participants will hear about the latest innovations, such as new digital products that incorporate the latest advances in wireless technology and increasingly powerful computing capabilities for generating clinical and economic insights. But I worry the industry might overlook another important change that is occurring in parallel—the ability to attract the specific digital talent needed to deliver on the promise of connected medical devices.

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Medtech companies can add value by uprooting low-value care

by Glenn Snyder, Principal, MedTech Practice Leader, Deloitte Consulting LLP

I’m headed to Philadelphia next week to moderate a panel of medtech CEOs at AdvaMed’s annual conference. Our topic: strategies to reduce low-value care. This is an important issue not just for medtech leaders, but for all health care stakeholders. The cost of low-value care is staggering. In the US alone, medical services that don’t necessarily benefit the patient top $200 billion annually.1

What is low-value care?

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Outpatient services growth: Ambulatory physicians should be given greater independence

by Bill Fera, Principal, Deloitte Consulting LLP

Historically, the overwhelming majority of health systems have focused their attention (and resources) on inpatient services. This strategy made perfect sense given health care’s procedurally oriented fee-for-service model. Any financial shortcomings on the ambulatory side of the business typically were justified and offset by the ability to direct higher volumes of patients to high-margin services on the inpatient side.

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Physicians and health systems could be left behind if they ignore consumer interest in virtual care

by Steve Burrill, Vice Chairman, US Health Care Leader, Deloitte LLP

Smartphones and tablets have been with us for about a decade. Fortunately or unfortunately, these devices have become an extension of who we are. We rely on this technology for just about everything—from taking and sending high-resolution videos and photos to conducting meetings or visiting with family and friends using the video functions in our computers,

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Virtual health: Neither snow, nor rain, nor distance are barriers to high-quality health care

by Ken Abrams, MD, MBA, Managing Director, National Chief Physician Executive, Deloitte Consulting LLP

The tiny town of Cicely, Alaska, has a health care access problem similar to other communities in remote, sparsely populated locations—it lacks a physician to treat the residents, and the nearest hospital is a 200-mile plane ride away. One day, recently graduated New York City physician Joel Fleischman, M.D.—who intends to practice medicine at a large Anchorage hospital to repay the state for underwriting his education—is assigned to be Cicely’s new general practitioner.

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