HEALTHCARE IS TRANSFORMING —  SO ARE WE

HEALTHCARE IS TRANSFORMING — 
SO ARE WE

Transforming Medtronic to Support Progress in Healthcare

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Global healthcare systems are under intense clinical and economic challenges that can undermine global growth and development and leave millions around the world untreated. Our goals of improving clinical outcomes, expanding access, and optimizing cost and efficiency are fundamental to all healthcare systems around the world, and they are what will propel us forward.

Transforming Healthcare Resources:


MISSION STAYS CRITICAL, VALUE EXPANDS

Our Mission has remained the same for six decades: to alleviate pain, restore health, and extend life for people around the world. Today, our medical device innovation positively impacts more than 62 million people each year. But the nature of today’s healthcare problems requires a new approach. That’s why we believe that our technologies, insights, and expertise can be combined in partnership with hospitals, payers, and governments to help create aligned, value-based healthcare models that can deliver better patient outcomes — while maintaining or reducing costs.

FURTHER, TOGETHER

We call this new approach “Further, Together.” “Further,” because we will continue to drive meaningful innovation at the therapy, procedural, and system levels, while also devising powerful solutions with proven clinical and economic value. And ”Together,” because we will forge new, different, and stronger partnerships to help our customers achieve their goal of expanding global access and delivering more seamless, integrated care across the healthcare continuum.

Read the Further, Together Position Paper:
Transforming Medtronic to Support Progress in Healthcare (PDF)


CREATING MEANINGFUL INNOVATIONS

Innovation

This year alone we have invested $1.5 billion in research and development to bring about meaningful innovations that deliver better patient outcomes at appropriate costs and lead to enhanced quality of life. Some of our breakthrough innovations include the world’s smallest pacemaker, a game changer in how strokes caused by blood clots are treated; and the development of what could be the first artificial pancreas. We hope these innovations will help redefine the standard of care — and lead to future changes at the therapy, procedural, and system levels.

ALIGNING VALUE FOR STAKEHOLDERS

We’re working with the global healthcare community to leverage our technology, services, and insights into solutions that drive operational efficiencies and augment the delivery of care through better patient care management. That’s why we created the Medtronic Integrated Health Solutions (IHS) business — to move beyond medical devices and focus on system-level services and solutions. Today, IHS is helping hospitals and health systems align value across the care continuum by delivering more efficient, improved care to patients.

One way we are doing this is by reducing recidivism and patient readmissions to hospitals. At Centura Health in Colorado, a pilot program using our telehealth solution helped nurses to regularly follow up with patients, which helped reduce heart failure-related hospitalizations by 62 percent in a 30-day period following the initial hospital stay.1

INCREASING GLOBAL ACCESS TO CARE

Global Access to Care

To help improve outcomes around the world, global access to quality healthcare becomes a critical area of focus for our company, as more than 400 million people currently lack access to care.2 That’s why we’re working with governments and providers in developed markets to improve care delivery and efficiency. And in emerging markets, we’re assisting with infrastructure development, therapy awareness and education, capacity management, and physician training. In the past five years alone, we’ve trained thousands of physicians around the globe.


Equity is a matter of concern across nearly all indicators in many parts of the world, with at least 400 million people currently lacking access to care.2


THE FIRST STEP TOWARD PROGRESS

While we firmly believe Medtronic has a unique role to play in the move toward aligned, value-based care, we know we can do more. We have the ability to create powerful new technologies and services to achieve better outcomes for patients at a reduced cost. And, we recognize that no one can solve the world’s healthcare challenges alone. Only through collaboration and partnership can we all achieve the benefits of value-based healthcare.

Let’s go Further, Together.

LEARN MORE

Read the Further, Together Position Paper:
Transforming Medtronic to Support Progress in Healthcare (PDF)

REFERENCES

  1. Leading Age. Telehealth and Remote Patient Monitoring (RPM): Provider Case Studies 2013. Accessed August 31, 2015.
  2. World Health Organization. Tracking Universal Health Coverage. http://apps.who.int/iris/ bitstream/10665/174536/1/9789241564977_eng.pdf. 2015. Accessed August 31, 2015.