TransformationA Framework for Leaders - Building Agile, Innovative Organizations to Meet the Needs of Tomorrow

Digital Health

Presented by

www.ThriveDigitalEra.com

There is no doubt...

Digital Health will reshape the Pharma Industry. Leadership is THE CRITICAL SUCCESS factor in preparing organizations for the digital health journey and positioning for success. And yet:

● 36% of healthcare companies have no mobile technology strategy currently (Robert Half Technology, 2014)

● 59% of physicians and insurers believe widespread adoption of mobile health applications in the near future is unavoidable (PWC, 2012)

● All the while, Gartner states that the Internet of Things will grow to 26 Billion units by 2020… nearly every new device coming online is internet ready and mobile devices can control these devices.

What’s your leadership strategy? Are you engaging your team to design new approaches? Is your team getting enough exposure to new technology, trends and new ways of thinking? Have you prepared your own thinking & skills? We can help…

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Seizing the Opportunity

www.ThriveDigitalEra.com

Digital Health is an exciting emerging field focused on improved health and wellness through technology.

Never before has there been a greater opportunity to improve health and wellness on a global scale using technology, much of which is already at our fingertips...

What is a Collaborative Leader?

The 4 Leadership Challenges of Digital Health Transformation

1.

Getting Real

Commitment

3.

Building a Collaborative Organization

4.

Anticipating Future Trends

and responding with Agility

2.

Fostering a Truly

Innovative Culture

"The next five years will be critical, with leaders emerging from those who use digital technology to innovate and revamp the interactions between consumers, providers and payers."

- "Simon Samaha, MD, principal at PwC

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www.ThriveDigitalEra.com

www.ThriveDigitalEra.com

Leadership Power Moves to drive Digital Health Transformation

GET COMMITMENT & EXECUTIVE SPONSORSHIPDigital Health is a major focus for pharma companies. These trends and ideas are discussed but often lack the commitment needed for success.. Lack of sponsorship, or lots of talk but no serious action puts digital health initiatives at risk from the start. Instead, go for real commitment to invest, innovate and support from top executives:

● Build and communicate business case highlighting value derived through digital transformation

● Realistically identify resources needed and align with clear objectives● Develop governance, metrics and mechanisms to measure and communicate progress.

FOSTERING A TRULY INNOVATIVE CULTUREDigital Health innovation requires a faster pace to tinker, try and experiment. How do you combine the fast paced Silicon Valley culture with a slower paced corporate pharma culture. Leaders say they want innovation, but employees know that failure is not tolerated. There are no rewards for experimenting. To be a powerful leader, foster innovation by addressing increased creativity and the need to take risk by building a test-fail-learn culture:

● Assess cultural readiness, change the way people think, so that new behavior follows● Seed and cultivate innovation, reward learning● Build culture that accepts failure for learning● Develop and nurture innovation networks

BUILDING A COLLABORATIVE ORGANIZATIONDigital Health requires an outward approach to listening, learning and leveraging information. Inwardly focused, employees have a heads-down awareness of only what goes on in their department, creating short-term vision. Instead, empower employees to think collaboratively, engage with other colleagues, customers, and the outside world.

● Expose & build empathy for customer experience● Re-think old and outdated processes● Use Innovative thinking workshops to jumpstart creativity

ANTICIPATE TRENDS & RESPOND WITH AGILITYDigital Health initiatives require operating with velocity. Trends and technology continue to change as well as the competitor’s landscape. Many organizations are change resistant or slow to adopt new ideas. The desired state for the future is open and agile:

● Engage team in new thinking and adapting to disruptive business models● Develop Emotional Intelligence● Monitor, learn, test and adapt: ensure continuous feedback loop

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www.ThriveDigitalEra.com

www.ThriveDigitalEra.com

Chris ColucciThrive Digital Era

Global Technology Leader, focusing on changing behaviors and enabling technology in Pharma/Biotech Industry

Thrive has been working in the

Life Sciences industry for over 15 years.

We help Pharma Leaders jump-start innovation, lead

change and create agile organizations for the future.

Contact Chris@ThriveDigitalEra.com for a free consultation for how we can help your organization grow

and flourish during Digital Health Transformation.

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