Achieving breakout growth by creating, launching, and scaling new businesses in healthcare
With organizations facing unprecedented rates of change in healthcare, new recipes for success will be necessary moving forward. Healthcare leaders will need to create new businesses and think beyond their core capabilities to help unlock the next big waves of growth.
We work with both high-growth and established organizations to build and scale innovative new businesses from scratch that thrive. We put the customer at the heart of every business and every operating model, building the capabilities necessary to compete and grow in healthcare.
Leap
Leap by McKinsey works with established organizations to build and scale innovative and thriving new businesses from scratch.
Examples of our work
Design of a new operating organization for a large hospital-management and healthcare-services provider
To monetize its operational-and financial-management capabilities for facilities in fast-growing markets, we performed a rapid diagnostic to identify opportunities, created a business case, and developed an organizational structure, governance model, and preliminary one-year implementation plan. The new business enabled the organization to break into a higher-growth business line.
Establishment of an integrated healthcare ecosystem
An organization wanted to change the way insurance companies did business in healthcare. We came together to build an integrated healthcare ecosystem and develop a range of services across the continuum of care for sustainable growth opportunities.
Scale of a healthcare-technology-services platform in private equity
To support a leading private-equity firm attracted to the high-growth healthcare-technology and -services sector, we performed due diligence and integration of two assets to create a new entity that spanned payment integrity, risk adjustment, population health, and analytics. We helped refresh the marketing and sales strategy through granular understanding of customer needs and journeys, resulting in more than $150 million in new revenue and new opportunities for growth.
Traditional payer expanding into healthcare services
A traditional payer was interested in finding new avenues for step-change growth and value for its core business. We identified opportunities based on the organization’s structural endowments, existing capabilities, and market landscape. To execute, we developed a road map that incorporated both organic and inorganic capital deployment, including comprehensive deal scans and target filtering.
Featured insights
Article
The evolution of healthcare-provider profit pools
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Why nonhospital-provider segments are primed for growth—and why that matters.
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Transformative healthcare growth through diversification
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Five lessons to consider when moving beyond your core business
Article - McKinsey Quarterly
How lots of small M&A deals add up to big value
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New research confirms that companies that regularly and systematically pursue moderately sized M&A deliver better shareholder...
Article
Why the evolving healthcare services and technology market matters
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The healthcare services and technology market is growing rapidly, which creates opportunities, risks, and structural questions...
Article
The future of healthcare: Finding the opportunities that lie beneath the uncertainty
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Healthcare is a dynamic industry with significant opportunity, but cost concerns, uncertainty, and complexity can also make it...
Featured experts
Prashanth Reddy
Senior PartnerNew Jersey
As a leader in the Healthcare, Private Equity & Principal Investors, and Technology, Media & Telecommunications Practices, serves...
Shubham Singhal
Senior PartnerDetroit
Global co-leader of McKinsey's strategic priority on geopolitics; counselor to healthcare institutions on strategy, growth, M&A,...
Jason Bello
PartnerWashington DC
Helps healthcare organizations build new businesses, bring healthcare innovations to market, and dramatically improve growth...