The Oliver Wyman Health Innovation Center
The Oliver Wyman Health Innovation Center is a collaborative group of cross industry CEOs and senior decision makers, all of whom share a passion for dramatically improving healthcare. These senior leaders are committed to a clear and compelling purpose: Champion proven innovations in the market; envision market-based solutions to today’s and tomorrow’s challenges; and harness the power of convergence through extra-industry partnerships.
Oliver Wyman has long held the view that if we focus on Health, healthcare will transform. The Health Innovation Center envisions a future with amazing potential where consumers engage in their health supported by the best of retail services and social media, doctors promote prevention rather than repair, hospitals treat diseases rather than one-off episodes, new players from different industries join in to support the patient in remarkable new ways, private capital flows to the best ideas that improve health—all coalescing to a point where value is the currency of competition, outcomes are better, costs are lower, and healthcare’s decades-long downward economic spiral is reversed.
The Health Innovation Center is firmly grounded not only in ideas but in actions. Much of what is needed to fix the system has already been developed but not diffused. Our goal is to mainstream the proven innovations and accelerate their development and adoption cycles. The next generation of innovation promises to dwarf the impact of the current advancements as social media, big data, and genomics technologies come of age. This convergence is the moment to fix the broken value equation in healthcare.
For more on the ongoing work of OWHIC and
its bold vision, see Clinical Innovation + Technology's
July 2013 cover story "All Rise With Innovation."
What is the Oliver Wyman Health Innovation Center trying to achieve?
The Oliver Wyman Health Innovation Center is squarely focused on the power of industry leaders working together to change healthcare. As such we created an Advisory Board comprised of 40 CEOs, senior decision-makers, and thought-leaders across health systems, healthcare IT companies, social media players, genomics and advanced diagnostic companies, health plans, pharma and biotech firms, physician organizations, wellness and lifestyle organizations, retailers, financial institutions, and academic institutions.
Through collaboration, the Advisory Board and the Health Innovation Center are rethinking healthcare in a way that breaks silos, connects activities, aligns incentives, and reimagines business models. In doing so, we’ve developed a healthcare Roadmap to 2025 laying out a vision of three broad waves of transformation that will occur over the next 15 years: (1) patient-centered care, (2) retail and the engaged consumers, and (3) personalization and the science of prevention. As each of these waves is explored, the Health Innovation Center will form a collective view of the new health marketplace and how value will migrate between the “today” and the “tomorrow” business designs. These initiatives have been advanced through a series of ideation sessions held during 2013 that covered several key topics:
Healthcare must compete on value. There’s no reason not to. We already have business and clinical models that leapfrog the status quo but must be diffused to the millions where this type of care is out of reach. Anything less is a modern tragedy.
Partner and U.S. Market Leader
Health & Life Sciences, Oliver Wyman