Scaling a healthcare business requires more than operational expansion. It demands strategic clarity, adaptive leadership, and the ability to manage complex change in highly regulated, innovation-driven environments.
Whether you’re a high-growth MedTech company, or an expanding Biotech company, or a Digital Health innovator, scaling and changing successfully means organizational re-design, assessing talent readiness and talent gaps and creating leadership capabilities to manage the change effectively.
Healthcare industry experts see talent recruitment and retention, supply costs, and increased competition as key issues for the industry in the next few years. Healthcare providers are under pressure to reduce expenses to counter elevated labour, medication, and supply costs. At the same time, they’re increasingly expected to deliver more accessible, affordable, and higher quality care while managing health disparities and an aging population across markets.
To navigate these changing needs, healthcare organizations need to bolster their agility and resilience by building flexible systems to operate more effectively.
According to a recent industry report, here are Six Ways the industry will adapt and innovate-
As more healthcare workers experience burnout and leave the bedside, the industry’s employee turnover struggles are heightened. A report by staffing firm NSI Nursing Solutions found that the average hospital has turned over 105% of its workforce in the past five years.
The pandemic accelerated a shake-up among clinical staff, prompting a slew of retirements and resignations. By 2025, McKinsey research projects a gap of 450,000 registered nurses and 80,000 doctors. No wonder, then, that 85% of health system leaders who participated in a survey recently, said that staffing challenges have a major impact on their future strategy. Apart from turning to technology to solve their labour challenges, being more proactive about preventing staff exits will be top of mind for healthcare leaders.
In recent years, telehealth has expanded, and many patients have now come to see the home as a more comfortable and convenient place to receive post-acute and long-term care. At the same time, healthcare payers are embracing home-based models that can improve care quality and reduce hospital readmissions while increasing affordability.
In addition to delivering remote patient monitoring and telemedicine technology, bringing care into the home will also require additional operational and logistical agility. Beyond demonstrating agility throughout the move to home care, health systems will also have to adapt to new market entrants, including retail giants that are ramping up the competition for patients and healthcare dollars. To compete in this new environment, healthcare organizations need insightful Change Partners who can help with when and how to pivot, to remain relevant.
Given the industry’s staffing challenges, healthcare leaders are turning as much attention to talent strategy and business model transformation investments to stay competitive. Driver-based models let leaders see the impact of pulling various operational levers and use scenario planning to anticipate the impact of shifting reimbursement models, competition, care delivery approaches, and regulatory requirements. Scenario planning will become especially important as the healthcare industry continues to see high levels of M&A activity.
Decreasing reimbursements and rising costs will continue to impact hospitals’ margins for the foreseeable future. As a result, clinicians and leaders will continue to be asked to do more with less while striving for ever-greater efficiency. To make that happen, they’ll need real-time data and accessible analytics to monitor performance, drive improved decisions, and quickly surface potential problems.
It’s not just the cost of their people that healthcare organizations need to worry about. Inflation and supply chain snarls have also driven up the price of key medical supplies and equipment. Per-patient supply expenses soared by 18.5% from 2019 to 2022, according to the American Hospital Association. To keep costs under control and gain more insights into their spending, healthcare organizations must transform their supply chain management.
At TranScience, we specialize in Business Scale-Up and Change Consulting, enabling organizations to grow with resilience and purpose. Our change consulting approach ensures that organizations are equipped to transition smoothly during key inflection points, from M&A integrations and harmonization to geographic expansion and commercial transformation. We help create structured change roadmaps, align leadership around a shared vision, and build engagement at various levels of the organization.
Early medtech companies in Asia today faces several human capital challenges for growth-
Skills Gap : There are big gaps between skills and qualifications of available workforce, particularly specialized skills in this sector, hindering innovation & growth.
Education & Training : Adequate training programs and educational institutions specializing in medtech are lacking in most Asian countries, making it difficult to produce skilled workforce for the sector.
Regulatory Compliance : The medtech sector requires deep understanding of regulatory compliance. Shortage in this field is slowing down growth and product development in Asia.
Language & Culture : In many parts of Asia, language and cultural barriers can be a challenge when trying to attract talent from diverse backgrounds, including expatriates.
Intellectual Property Concerns : Protecting intellectual property is crucial in the medtech industry. Lack of strong IP protection laws often deter investment in Asia
Market Competition : Intense competition for skilled professionals in the medtech sector can drive up labor costs, making it challenging for smaller companies to attract and retain talent.
Having a smart Human Capital Partner for capitalising your Asia Growth Aspirations is key for success!
Author - Binayak Bagchi
Like many other countries, Australia faces several integrated healthcare challenges. I am going to talk of a few here:
Fragmented Systems : The Australian healthcare system consists of both public and private sectors, often leading to fragmented care delivery and challenges of coordination.
Information Sharing : Integrating patient information across healthcare providers while maintaining patient privacy/ data security is complex.
Communication : Ensuring effective communication and collaboration among various healthcare professionals, organizations, can be difficult.
Funding : Funding across different parts of the healthcare system to support integrated care models can be a challenge.
Cultural Differences : Different healthcare organizations have varying cultures, practices, and priorities, making it challenging to align efforts.
Legal & Regulatory : Navigating these frameworks, especially when sharing patient data across organizations, can be a barrier to integration.
Technology : Implementing and maintaining compatible technologies for sharing medical records can be technically complex and resource-intensive.
Patient Engagement : Encouraging patients to actively participate in their integrated care plans is a challenge.
Resistance to Change : NHealthcare professionals are resistant to new models of care requiring changes in their roles, responsibilities, and workflows.
Measuring Outcomes : Defining and measuring the success of integrated care models around patient outcomes and cost is challenging.
Addressing the above requires coordinated effort from policymakers, healthcare providers, organizations, and patients, to create a more integrated, patient-centered healthcare system.
Author - Binayak Bagchi
“Market Access is defined by the bringing of products or solutions to the right patient at the right price points in a timely manner through the efficient enablement of registrations, reimbursement, listing, training and supply”.
As Asia Pacific continues to undergo unprecedented demographic changes, the need for a holistic approach to transform healthcare delivery has never been greater. Addressing the growing demand for healthcare in a fragmented region with disparate regulatory regimes, complex reimbursement systems, and conflicting policy priorities, requires a different kind of innovative thinking from all stakeholders across the MedTech ecosystem.
Market access has previously been more focused on pricing and reimbursement. However, driven by the ever-changing healthcare macro-environment, the move from price-based to value-based approaches and companies developing more unconventional business models, other elements such as regulatory, supply chain & channels, training & education (beyond physicians), stakeholders & KOL management and financing are becoming increasingly relevant.
Healthcare policies within Asia are rapidly developing. It is thus impossible to apply a standard strategy across the entire region. Local knowledge is critical to identify the structure, stakeholders and processes. Medtech companies looking to enter or scale in Asia will have to consider long-term implications of how the market landscape is evolving and build up their capabilities to deliver measured and meaningful propositions backed by impactful data in order to build up sustainable businesses in the region.
Regulatory Compliance : The medtech sector requires deep understanding of regulatory compliance. Shortage in this field is slowing down growth and product development in Asia.
Language & Culture : In many parts of Asia, language and cultural barriers can be a challenge when trying to attract talent from diverse backgrounds, including expatriates.
Intellectual Property Concerns : Protecting intellectual property is crucial in the medtech industry. Lack of strong IP protection laws often deter investment in Asia
Market Competition : Intense competition for skilled professionals in the medtech sector can drive up labor costs, making it challenging for smaller companies to attract and retain talent.
Having a smart Human Capital Partner for capitalising your Asia Growth Aspirations is key for success!
Author - Aijaz Shaikh