As new capabilities are developed within the new health economy so too there are more sources of risk and complexity are emerging. These range from new technologies, cyber threats and regulatory requirements. As leaders develop new systems and strategies as well as products and services the holistic management of risk and regulatory complexity is increasingly key to success. At PwC we work with healthcare organisations and pharma companies to stay ahead of their risk and to make sure they can see, and are prepared for, what’s coming round the corner.
Transformation is firmly on the agenda for leadership teams with the development of STPs providing a focus for system reform. Working together as a system has the opportunity to not only improve the health and wellbeing of local populations through delivering genuine patient centred care but could also deliver efficiencies and reduce costs.
Delivering transformational change across multiple organisations, with multiple stakeholders is not without its challenges or risks. It is vital that these challenges and risks are managed so that the benefits of transformation can be truly delivered. Whatever the method of delivery – alliance, partnership, ACS or ACO – organisations will need to ensure plans are robust, transparent and flexible to withstand the depth of change and to deliver the required outcomes.
Through our experience of supporting a number of organisations on their journey to implementing this type of transformational change we know that assurance plays a vital role and there are key considerations to be made: