How the Barrier Between Competitors and Collaborators is Changing in Healthcare
As a panelist at the upcoming Becker’s Hospital Review 9th Annual Meeting, I was asked my thoughts on what’s happening in healthcare today. To my eyes, one of the most interesting developments is how the barrier between competitors and collaborators is changing.
Today, everything in healthcare points toward value and enhanced patient/customer experience. To succeed, healthcare companies realize there is value in letting go of their desire to control all functions. Instead, they are exploring opportunities to collaborate both with each other and with outside entities to create greater value.
Our industry needs to iteratively learn from itself—and from other industries—to find new ways to better deliver on the promise of more convenient healthcare at a lower cost. Just like no man is an island, I think we can say that no healthcare system is an island either and those that embrace collaboration improve their chance to succeed.
I see more and more systems that used to compete on everything now seek to partner in areas where they feel they can benefit from scale and efficiency. Rather than detracting from their value proposition, this can enhance it.
This is true for intra-company logistics, the service MedSpeed provides. Even more broadly, this is a reflection of a macro trend where a more complex, more highly-scaled continuum of care environment is driving an equally more expansive approach to collaboration.