Healthcare

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Healthcare and life sciences companies continue to innovate ways to increase the length and quality of life for people around the world. These innovations come with a cost, and regardless of if a system is private or publicly funded, there are significant opportunities to increase efficiency and better tie investments to outcomes. In the United States, the focus is on the Triple Aim of Healthcare - revolutionizing the quality of patient care, population health outcomes, and stemming the rising tide of medical costs. 

 

To do this, payers and providers want better information, which is driving interoperability initiatives and potentially increased transparency, but also the need for enhanced security. Innovations in the specialization of pharmaceuticals promise more customized treatments, but the high costs bring questions from patients, insurers and regulators. Meanwhile, accountable care organizations continue to expand bundled payment approaches that could mean better patient outcomes and greater profitability for providers. All of these changes will disrupt organizations operating business as usual. However, there are enormous opportunities for leaders that are able to see more deeply into the changing landscape and beyond short-term challenges to position themselves for long-term success. 

 

Protiviti's healthcare management consulting team partners with leaders to help them achieve greater confidence in these changing environments. We seek to understand the unique strengths, risks and opportunities of your organization and where you want to take your business. We then collaborate with you to build custom solutions that maximize your chances for success and bring a tailored, multi-disciplinary team of professionals that fits your situation and company culture.  While the process is never simple, our goal is, to help you face the future with confidence. 

 

We help healthcare and life sciences organizations manage critical business challenges to help them face the future with confidence.  Here are some of the most pressing issues we are helping organizations to address. 

Cybersecurity

Healthcare and life sciences companies are targeted for their patient profiles and payment information.  Additionally, insecure connected medical devices are a growing risk. Confidence in cybersecurity does not come from believing nothing will happen, it is achieved by knowing all the things that can happen and being prepared.  Protiviti provides a holistic approach that defines what is most important to you, helping you to protect yourself and also react quickly when a breach occurs.

Digital Transformation

Electronic health records, interoperability and enhancement of customer interaction through digitization are top-of-mind in healthcare.  Equally important is driving greater efficiency and effectiveness in the back office to maximize available dollars to drive that innovation or patient care. We help you to seize these opportunities, aligning people, processes and technology to transform your organization and patient experience, helping you to face the future with confidence.

Business Intelligence

Improving how you understand, organize and leverage your data assets is a business imperative. The challenge is identifying and capturing information in disparate systems and then organizing and managing this information to create business insights. Protiviti takes a pragmatic “one size does not fit all” perspective. We tailor solutions that fit your organization, enhancing business value through more efficient collection, distribution and usage of information.

Regulatory Compliance

Healthcare and life science organizations face a litany of regulations. From trials of new drugs, to HIPAA and ICD-10, to the demands of the Affordable Care Act in the United States, each year brings change and increased demands.  We can help you address emerging trends and existing regulatory demands, through innovative solutions that position your organization for sustainable performance and compliance now and in the future. 

Cost and Performance Management

Healthcare and life sciences organizations focused in running better operations.  Improving how they make and manage smart capital investments, running efficient back-office operations and managing cash flow are critical to freeing resources to enhance patient experience and fund innovation.  We help you identify and implement cost management and performance programs that drive better outcomes for patients and your organization.   

Transactions, Mergers and Acquisitions

Mergers and acquisitions are increasingly shaping the healthcare and life sciences industry. However, as some organizations grow through consolidation, others are innovating and turning to public and private capital markets to fund their new ideas.  In all these situations, we provide independent advisory and due diligence services, helping you take action to maximize value available today and position you for success in the future. 

Evolution of Internal Controls

In the fast-changing healthcare and life sciences industry, control is critical to success. However, the demands on internal audit and finance functions continue to increase as the expectation today is not just for accurate reporting, but insights that can improve the business. We can help you steer your company with greater precision and prescience, increasing confidence you are on the right path with world class internal audit and finance functions.