hamlin keynote_ lumify frostandsullivan 3.7.16 executive mindxchange
TRANSCRIPT
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Revolutionary technologyfor revolutionary carePhilips success in the mHealth market
Randy Hamlin, Vice President, UltrasoundMarch 15, 2016
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Key take aways:
Insights into the barriers of transitioning from products to solutions in ultrasound
Case study: Lumify - an app-based, smart device ultrasound solution
Lessons learned of change within the market and inside a large company
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Healthy living Prevention Diagnosis Treatment Home care
We deliver innovative solutions across the health continuum
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100,000
30,000
4,000
Klondike gold rush
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The market for wearables and mHealthwill grow exponentially by 2020.
>$50B 1/3>$50BWearables mHealth Patient Compliance
Rate
mHealthecoSystem
Pharmacy Insurance
ConsumerWellnessExperts
HospitalsPhysicians
The Triple Aim Improving patient experience
Improving population health
Reduce per capita cost
Institute for Healthcare Improvement
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Finding the value that can change behaviors to improve health
Quantify Data Analysis Outcomes
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Lumify
Revolutionarytechnology.
Revolutionarycare.
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Nurturing the innovative spirit
Traditional ultrasound Lumify
Creating an incubator to shape an entirely new market: UltraMobile and App-based
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Gaining insights and overcoming barriers
CapitalImageQuality
Barrier toAdoption
Flexibility
Simplicity
Connected
“What is your solutionvalue proposition?”
Solution
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Lessons on moving from products to solutions
Stay focused on MVP
Partnerships – open innovation
Get senior management advocacy
Tap into the right people
Create the culture
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Innovation is the key to future success
• Connected solutions
• Open innovation
• Partnerships
• New business models
• IoT stickiness
• Clinical outcomes
Success models
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Gold Nuggets:
Is your business transforming fast enough to be relevant?
Success in the future will draw from ecosystems and innovative business solutions instead of products.
Create an unique, innovative culture to enable breakout thinking within your organization.
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