McKinsey August, 2019
Five lessons to consider when moving beyond your core business
It is no secret that the healthcare landscape is rapidly changing. Traditional players are experiencing increased pressure on their core business models—from shifts in care settings to heightened expectations for stronger cost management and better consumer experience. As McKinsey’s Power Curve analysis has shown, a willingness to make bold moves in response to such industry trends can help businesses achieve strong profit growth.1 In contrast, organizations that choose to hold onto the past and protect their traditional models often struggle.
For payers and providers that want to achieve strong profit growth, bold moves beyond their core can give them access to new profit pools (healthcare technology and services, for example)...
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