Medical technology firms have always had to make decisions about where to direct their R&D resources—choosing between core skills and solution creation and digital infrastructure and analytics capabilities.
FREMONT, CA: Biopharmacy, medical gadgets, and devices are no longer enough for medical technology and pharmaceutical businesses to provide full patient care. The aim is to facilitate the delivery and management of long-term, preventive, predictive, and individualized treatment. This includes increasing patient and clinician experience in care pathways, lowering medical expenditures, minimizing workflow bottlenecks, and maximizing functional convergence.
For relevance and distinctiveness, many medical technology and pharmaceutical companies are embracing digitalization. As healthcare firms try to maximize the value of their customers and partners, digitization is considered as facilitating this change.
Through the availability of digital tools and technologies, the sector hopes to expedite the use of healthcare data to improve operations, build products, and expand value propositions while evaluating new monetization methods.
Successful Digital Transformation
