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Costs, shortages prompt some hospitals to consider generic-drug manufacturing

by Faith Glazier, Principal, Deloitte Consulting LLP

Four of the nation’s largest hospital systems—Ascension, Intermountain Healthcare, SSM Health, and Trinity Health—are looking into manufacturing some of their own generic drugs, according to recent news reports. At this point, it’s not entirely clear what is driving this decision, but I suspect rising drug costs and/or shortages are likely two big factors.

Based on recent conversations with industry executives,

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Winning strategies for reimagining integrated care management

by Eileen Radis, Senior Manager, Deloitte Consulting LLP

As a Clevelander, I was raised a fiercely loyal sports fan – often times witnessing, shall we say, subpar outcomes. When LeBron James returned to Cleveland, he ignited a sense of hope in Clevelanders. To maximize the full potential that came with James, organizational change and sacrifice was in order. Kevin Love, a prolific power forward who led his previous team in scoring and rebounding,

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What do the Ford Model T, retail clinics, and MACRA have in common?

by Bill Copeland, Vice Chairman, US Life Sciences & Health Care Industry Leader, Deloitte LLP

Albert Einstein was once quoted as saying that the definition of insanity is doing the same thing over and over and expecting different results. The principles of innovation also tell us that doing the same things the same way will produce the same outcomes.

Today, many in health care are seeking ways to improve quality and lower the overall cost of chronic care,

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Innovation through convergence: You cannot do it alone

by Bill Copeland, Vice Chairman, US Life Sciences & Health Care Industry Leader, Deloitte LLP

Steve Jobs once said that he modeled his business after The Beatles. But, it wasn’t their lyrics or their songwriting that captivated Jobs. According to him, he was impressed by the way the four musicians complemented one another – they “kept each other’s kind of negative tendencies in check.” It was this synchronization of character and personality that made Jobs realize that “great things in business are never done by one person,

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The Rx for retailers entering the health care business

by Matthew Hourin, Principal, Retail & Distribution, Advisory, Deloitte & Touche LLP

The health care industry is in the midst of a transformative change in how care is packaged, delivered and managed, and high-volume retailers, pharmacy chains and grocery stores are building new business alliances to capitalize on an evolving health care consumer market.

The convergence of health care providers, life sciences companies, and retailers with pharmacies is helping to reshape the industry.

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Managing talent in a post-M&A world

by Elaine Loo & Heiko Dorenwendt, Deloitte Consulting LLP

If it isn’t broken, don’t fix it. Or so the old saying goes.

In the break-neck world of mergers, acquisitions, and consolidations in life sciences and health care, businesses are often bought or absorbed not because they are broken but because they are thriving and leaving their mark in a key targeted segment of the marketplace.

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