COLLABORATION IN HEALTHCARE

Partnerships are key to healthcare’s evolution.

pdf Push for Progress: Collaborations are Fueling the Future of Healthcare (.pdf)

With an emphasis on risk-based contracting and data transparency, partnerships between med tech, payers, and clinicians are helping improve patient outcomes and manage the overall costs of care.

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TRANSFORM HEALTHCARE THROUGH COLLABORATION

At Medtronic, we believe rapid advances in medical technology will play a major role in the future of healthcare. But the challenges facing healthcare are complex, too big for any one stakeholder. Sustainable change requires collaborative effort, many minds — sharing ideas, information, risks, and rewards.

Managing Costs

Find out how risk-based contracting and process innovation allow our partners to manage costs.

Leveraging Actionable Data

Discover how we share data to enable better decision-making and accelerate progress.


CHALLENGES IN GLOBAL HEALTHCARE 

Current statistics emphasize the need for change and the urgency we share with our partners: 

  • Healthcare costs, now at $948 per person per year globally, are increasing.1  
  • Total global healthcare spending now exceeds $7.8 trillion.2
  • Healthcare systems struggle to contain the leading causes of mortality — heart disease, stroke, cancer, chronic respiratory diseases, and diabetes — which account for 87 percent of all deaths in high-income countries.3
  • While emerging markets have a lower prevalence of conditions like diabetes and obesity, they have the same or higher rates of high blood pressure and hypertension as compared to more developed countries.4

These statistics are easy to cite but challenging to change. Delivering better patient outcomes, improving access, and lowering overall costs of care depends on stakeholders working together.


MODERNIZE HEALTHCARE PARTNERSHIPS TO CREATE SUSTAINABLE CARE

We must modernize traditional healthcare partnerships and move toward deeper collaboration between med tech companies, payers, and clinicians. Around the globe, partnerships are beginning to take hold that exemplify how to collectively define, understand, and address the existing challenges. Risk-based contracting and data transparency are foundational requirements. Working together, we can accelerate progress towards a better future.


COLLABORATION IN HEALTHCARE — THE CATALYST THAT STARTED MEDTRONIC

Collaboration is part of the Medtronic DNA. Seventy years ago, during a historic power outage at a nearby hospital, Medtronic founder Earl Bakken forged a partnership with a local physician to develop the first battery-powered pacemaker. Since that time, we have harnessed the power of collaboration to develop and refine some of the most significant advances in medical technology.  

Our relationships with industry have to change. We have to stop thinking of them as vendors and more as partners in care.

Dr. Zaev Wulffhart, Southlake Regional Health Centre

These partnerships span multiple industries and geographies. Our 86,000 employees collaborate with hospital leaders, technology experts, payers, and healthcare innovators to deliver on the Medtronic Mission to alleviate pain, restore health, and extend life.

We see great opportunities ahead to help more patients, in more places, around the world. Getting there means working with others who share our steadfast commitment. Join us on the journey.

Read the Medtronic Perspective on Collaboration in Healthcare:
Push for Progress: Collaborations are Fueling the Future of Healthcare (PDF)


1

Spending on health: A global overview. World Health Organization. April 2012. Accessed September 8, 2015. http://www.who.int/mediacentre/factsheets/fs319/en/

2

Dieleman JL, Templin T, Sadat N, et al. National Spending on Health by Source for 184 Countries between 2013-2040. The Lancet. 2016;387(10037):2521-2535. http://www.thelancet.com/journals/lancet/article/PIIS0140-6736(16)30167-2/abstract

3

The Impact of Chronic Disease in High Income Countries. World Health Organization. http://www.who.int/chp/chronic_disease_report/media/hi_income.pdf Accessed September 1, 2015.

4

Least Developed Countries Health and WHO: Country Presence Profile. World Health Organization. 2017. http://apps.who.int/iris/bitstream/handle/10665/255802/WHO-CCU-17.07eng.pdf;jsessionid=4CAA473A0FA5A4063DEF5C5E872C3B65?sequence=1